Send Money from United Kingdom to Philippines at Best Exchange Rates

Highest remittance rate for converting 1 GBP to EUR = 1.18

Best Way to Send Money to Philippines from United Kingdom

For migrants, sending money back home is an expensive task and therefore, they always look for some inexpensive methods for transferring funds. The same has been looked by Filipinos living in the United Kingdom who wants to send money to their family and friends in the Philippines. There are multiple ways to transfer funds to the Philippines, which include bank transfer, online transfer, wire transfer, cash pick-up services etc. so that one can send money to Philippines online. Therefore, on this page, we have compared “Top 7 Money Transfer Services from the UK to the Philippines”.

Please find the list of companies below in a sorted order which are providing you with the "cheapest way to send money to the Philippines" at the highest exchange rates and low fee.

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Country Guide - Philippines

1.19

Mid Market Rate

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1.19

Mid Market Rate

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Currencies:
GBP-PHP GBP-USD GBP-EUR
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee € 3) £ 502.5353
Receiving Amount
€ 591.65
Realized Exchange Rate
1.18
currencyfair GBP to EUR Exchange Rate
1.1833
Best Value

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Transfer Time : 1-2 Days
Promoted
Currencyfair is a one of the safest & leading money transfer service provider for sending money from United Kingdom to Philippines for sending amount 500. Today’s Currencyfair exchange rate for sending money from GBP to EUR is 1.1833 with a € 3 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 1.18. The pay in options available are Bank, also you can receive money using Bank, at multiple Currencyfair partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Currencyfair click here
Pay-In
Pay-Out
You Pay (Includes Fee £ 2.49) £ 500
Receiving Amount
€ 591.0419
Realized Exchange Rate
1.18
transferwise GBP to EUR Exchange Rate
1.188
Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from United Kingdom to Philippines for sending amount 500. Today’s Transferwise exchange rate for sending money from GBP to EUR is 1.188 with a £ 2.49 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 1.18. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee £ 12) £ 512
Receiving Amount
€ 594
Realized Exchange Rate
1.16
azimo GBP to EUR Exchange Rate
1.188
1.69% vs Best Value

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Transfer Time : Same Day
Azimo is a one of the safest & leading money transfer service provider for sending money from United Kingdom to Philippines for sending amount 500. Today’s Azimo exchange rate for sending money from GBP to EUR is 1.188 with a £ 12 fee. Based on the Exchange Rate IQ calculations it offers 1.69% less than the best value for your money transfer. The realized exchange rate after considering the fees is 1.16. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Azimo partner locations. The transfer time usually range between Same Day. For more detailed review of Azimo click here

More Available Options

You can check rates of some more providers that may support your country
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying
Post Office aspires to be at the very heart of customers choice by becoming the most trusted provider of essential services to every person in the land.

GBP to EUR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from United Kingdom to Philippines after comparison?
  • With our real-time comparison on sending money from United Kingdom to Philippines ,
      we have found Currencyfair, Transferwise remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Currencyfair, 1.18 ) ( Transferwise, 1.18 ) ( Azimo, 1.16 ) .
  • To remit money in the bank account of Philippines, best companies is ( Currencyfair, 1.18 ).
  • Current money transfer offeres/promotions are available with Currencyfair, Azimo money transfer services.
  • For quick money transfer from United Kingdom to Philippines with agent service is Azimo with exchange rate 1.16.
  • Available pay in when sending money from United Kingdom to Philippines Bank, Creditcard, Debitcard.
  • Available pay out when sending money from United Kingdom to Philippines Bank.
  • Other options to transfer money from United Kingdom to Philippines are Westernunion, Xendpay, Travelex, Money2anywhere, Moneygram, Postoffice .
  • The comparison result was last updated on Dec 06, 2019.
  • For the latest comparison result of United Kingdom to Philippines, Please visit ExchangeRate IQ regularly.

How do international money transfers to the Philippines work?

The companies listed above helps you to send money to your friends, family or businesses located in Philippines. It involves the amount you send to them through bank account, cash transfers, wire transfers, or online transfers which will be received by the recipient in the Philippines. These companies act as intermediaries and convert your money from GBP to PHP. Depending on the remittance service provider, you can send money using web browser, phone or apps, which facilitate easy money transfer to the Philippines. Your cash or bank account transfer will be then available to the recipient in bank account or at the agent place in Philippines.

Cash pickup locations in the Philippines

There are multiple locations available in the Philippines, however, most of the agents are located in:

  • Manila
  • Cebu
  • Davao

InstaReM Vs WorldRemit: Which international money transfer platform is better?

While transferring funds online, you must rely on the most trustworthy company, which is offering its services to millions of people. InstaReM and WorldRemit, both are such companies which are available for its customers worldwide. However, there is a difference in the offerings of both the companies and due to which the rates, fees and transfer price differ. So, to find which one is the best to have a close look at both the companies’ services:

Exchange Rate: InstaReM is among a few of the money remittance service providers who offer the existing mid-market rates without any margin. However, WorldRemit adds the margin to mid-market rates and this margin can range in between 0.7% to 3% depending on the currency.

Transfer Fees: Both companies charge the fees but in InstaReM, it depends on the country where you are sending money while in WorldRemit, it has a fixed rate ranging in between $2.99-$10. The fees will be less in WorldRemit when you send a larger amount and vis-à-vis. WorldRemit and InstaReM both have different fee structure but the WorldRemit fee is generally lower than InstaReM.

Transfer Speed: The first transaction with InstaReM takes longer time but later it delivers funds within 2-5 working days. While in WorldRemit, transfer time depends on the payout method, which is estimated under:

  • Bank Transfers: These transfers generally take 1-3 business days.
  • Cash Pick-up: These are available to collect instantly.
  • Airtime top-up: Instant
  • Mobile money: Available within 2-4 hours.
  • Home delivery: Provided within 24 hours.

So, if you want to transfer money in an instant manner, select WorldRemit.

What are the Best money transfer services from UK to the Philippines?

Cheapest Money Transfer Options to the Philippines:

Fastest Money Transfer options:

Best option for Cash Transfer to the Philippines:

UK Banks offering Remittance services in the Philippines

Best Online Money Transfer options to the Philippines

FAQ's

How long does an international money transfer to Philippines take?

Most of the companies take three to five working days to transfer funds, but some services such as Azimo and WorldRemit can also transfer funds in a couple of hours. On the other hand, money order, cheque and demand draft can even take up to two weeks. If you transfer funds with TransferWise, your amount will be received with 3-4 working days to the recipient. So, it is suggested that user must always check transmission time with the transferring company before you send your money.

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Can I transfer money from UK to the Philippines through my bank?

Yes, many UK banks offer a wire transfer service, but it is usually more expensive than using the dedicated money transfer websites or remittance companies. Besides this, you can transfer funds through TransferWise from bank account to bank account.

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What are the multiple ways to transfer money from UK to the Philippines?

One can transfer and receive funds in Philippines in multiple modes including bank transfer, cash pick-up, demand draft transfer, foreign currency cheque, wire transfer, mobile top-up, and online transfer.

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Can I send money to Philippines using credit card from the UK?

Yes. Many companies which offer bank account transfer also allow its customers to use the credit card for making an online payment for remittance purpose. However, companies charge higher fees for transferring money using credit cards and credit card companies such as VISA and MasterCard may also charge some extra fees on currency exchange.

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How can I transfer money to Philippines bank account from the UK?

You can transfer money to Philippines bank account using the services of multiple money transfer companies such as WorldRemit, XE Money Transfer, OrbitRemit, TransferGo, TransferWise, etc. These companies will transfer the amount directly from your bank account to the recipient's bank account.

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Are money transfers regulated in United Kingdom?

Yes, every country has their set rule according to which they regulate the international money transfers, and the same is with United Kingdom. Here money transfer companies are regulated by Financial Conduct Authority (FCA) which is British independent organization and working to protect consumer affairs. It has the power to investigate make and pass regulations designed to protect consumers, as well as to implement best practices between financial firms and in the finance sector. It can also penalize if its regulations are violated.

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What are the Best money transfer services from UK to the Philippines?

To help you get the best deal, Exchange Rate IQ team reviewed a large number of services, their exchange rates, fee structure and pay-in/pay-out methods. We evaluated companies of parameter like Cheapest, Fastest & number of options.

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Historical Mid Market Exchange Rate From Pound (GBP) to Euro Member Countries (EUR) (Weekly)

Current Exchange Rate(Mid Market) :- 1.19 EUR/GBP

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion GBP To EUR

Send Pound To PHILIPPINES Receive Euro Member Countries
1 GBP TO EUR 1.19
50 GBP TO EUR 59.5
100 GBP TO EUR 119
250 GBP TO EUR 297.5
500 GBP TO EUR 595
1000 GBP TO EUR 1190
5000 GBP TO EUR 5950
10000 GBP TO EUR 11900
Send Euro Member Countries Receive Pound From PHILIPPINES
1 EUR FROM GBP --
50 EUR FROM GBP --
100 EUR FROM GBP --
250 EUR FROM GBP --
500 EUR FROM GBP --
1000 EUR FROM GBP --
5000 EUR FROM GBP --
10000 EUR FROM GBP --

Click To Compare Money Transfer Services For The Following

USD

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