Do you have any discounts for new customers?
Reliable money transfers to the Philippines
We offer promotions for brand new Remitly customers. Eligibility restrictions may apply. How does Remitly work? Remitly is a digital remittance service on a mission to make the money transfer process faster, affordable, and more transparent.
Because we're a digital service without any physical locations, we're able to keep our costs low and pass those savings on to you. How is money delivered to my recipient? When you transfer money with Remitly, you will be prompted to select a delivery option. The options available are based on where your recipient is located.
Create an account with your email address on our website or through our app in the App Store or Google Play. Enter the amount of money you want to send then choose how fast you want your money to arrive. Select if you want to send your money to a physical location for your recipient to pick up cash or transfer to a bank account to be directly deposited. Enter the name and information of the person who will receive the money in the Philippines.
Enter your payment information and hit send. See what our customers say Why Remitly. Nice and fast and so convenient!
Major Currencies
A down payment of PHP 1, must be given for the transaction to push through. You can also have your foreign money exchanged at banks that provide good exchange rates and secure transactions. Banks exchange money at the closing rate from the BSP. However, keep in mind that some banks have more stringent rules in place compared with money changers and remittance centers. For one, the bank will offer the foreign currency exchange service only if you have an account with them.
Global Locator
Major malls like SM and Robinsons have money exchange counters in their department stores and in SM Hypermarket and Savemore as well where shoppers can do their forex transactions. These malls are among the most convenient and safest places to exchange money in the Philippines. Their foreign exchange rates are reasonable, too.
Forex counters in malls only convert dollar to peso, though they also accept currencies other than the USD. Airport money changers charge more because they have high operating costs, such as expensive monthly rent and extended operating hours. You may exchange some cash if you need money for commute upon arriving in the Philippines or in your foreign destination country.
Foreign exchange businesses earn money by selling foreign dollars at a much higher rate. But other than that, they make money by charging customers a commission. You can always find a commission-free money changer, such as Czarina Foreign Exchange.
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Before you exchange your money, shop around for favorable exchange rates. That way, you can maximize the value of your foreign currency. Use your good judgment and avoid such shops! If you want to make sure that a shop is safe, secure, and trusted, you can check out this list of BSP-Registered Money Service Business. While life is gradually returning to normal, remind yourself that the pandemic is still happening.
With that, you need to be mindful of your safety when visiting foreign exchange shops. You are about to go to a website that is not affiliated with BPI and may offer a different privacy policy and level of security. You are about to leave this page and enter a Bank of the Philippine Islands domain to facilitate your account opening process.
Foreign Exchange
If you wish to leave the page, click the close button. About Us. It enables clients to post online orders to the Philippine Stock Exchange, offers real-time stock market quotes and comprehensive research. Make well-informed investment decisions anytime, anywhere. Upcoming Events. Please refer below for the adjustment of settlement dates and the cut-off for withdrawal requests.
Withdrawals after AM will be processed on the next banking day, April 5 Mon. For account-specific concerns during this period, you may send an e-mail to bpitrade bpi.