Sending Money from Philippines to USA
Filipino students studying in USA need to regularly transfer money — for tuition fees, accommodation deposits, and monthly living expenses. Here's how to do it cheaply.
Best Money Transfer Services: Philippines to USA
1. Wise — Best Overall
Wise uses the real mid-market exchange rate with a small transparent fee.
- Exchange rate: Mid-market (no markup)
- Fee: ~0.5–1% of transfer amount
- Speed: 1–2 business days
- Best for: Regular transfers, large tuition payments
- PHP to USD: Available corridor
2. Remitly — Best for Speed
- Speed: Express option (same day or next day)
- Fee: Varies — check at time of transfer
- Best for: Urgent transfers when deadline is close
- Note: Economy option is cheaper but slower (3–5 days)
3. Flywire — Best for Tuition Payments
- Specializes in international education payments
- Often partnered with universities in USA
- Pay in PHP, university receives USD
- Check if your university in USA accepts Flywire
4. Western Union
- Available in most Philippines cities
- Cash payment options if you don't have a bank account
- Higher fees than Wise/Remitly but widely accessible
5. Your Home Bank International Wire
- Usually the most expensive option (fees of PHP 500–2,000+ per transfer)
- Avoid for regular transfers — only use if other options unavailable
Fee Comparison: Sending PHP 500,000 to USA
Transfer money internationally with real mid-market rates and low fees. Trusted by 16M+ customers.
Send Money with Wise →
| Provider | Fee | Exchange Rate | Amount Received |
|---|---|---|---|
| Wise | ~PHP 3,000–5,000 | Mid-market | Best |
| Remitly | ~PHP 2,000–4,000 | Slightly below mid-market | Very good |
| Bank wire | ~PHP 10,000–25,000 | 2–4% below mid-market | Poor |
RBI/LRS Rules for Filipino Students Sending Money Abroad
Check the central bank regulations in Philippines for sending money abroad for education purposes. Most countries have specific rules for education remittances.
Step-by-Step: Paying Tuition from Philippines to USA
- Get your university's payment details: Bank name, SWIFT code, account number, reference (student ID)
- Check if Flywire is accepted: Log into your university's payment portal
- Compare rates: Check Wise and Remitly rates on the day of transfer
- Transfer early: Send 5–7 business days before the deadline
- Keep the receipt: Save proof of transfer for records and tax purposes
- Confirm receipt: Follow up with your university to confirm payment credited
Tax on Sending Money from Philippines to USA
Consult a tax advisor in Philippines regarding any tax implications of sending money abroad for education.
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