Top 10 Funds Transfer Methods from the US to the Philippines

1. Remitly: Offers the cheapest rates for bank account transfers and cash pickups in most comparisons (1).
2. Wise: Provides competitive fees and exchange rates for bank transfers, highly rated by users (2).
3. Western Union: Features low upfront fees under $5 for transfers up to $1,000 with same-day delivery options (3).
4. Xoom: Charges minimal fees ($0 to under $5) when using PayPal balance or bank account (4).
5. Bank-to-bank transfer: Writing a check from a US bank to a Philippine USD account, though clearing takes about 30 days.
6. Cryptocurrency transfers: Utilizing stablecoins and services like coins.ph, requires some technical knowledge.
7. LBC: Charges $10 for transactions under $1,000 with competitive exchange rates (5).
8. WorldRemit: Recommended by users for US to Philippines transfers (6).
9. Paysend: Offers transfers starting from $1.99 to cards, bank accounts, and digital wallets in the Philippines (7).
10. Direct bank wire transfer: Some banks offer this service with varying fees; for example, Chase doesn’t charge for wires with their private client service.

Remember to compare rates and fees before each transfer, as they can fluctuate. Always verify the specific terms, exchange rates, and fees for your particular transfer, as these can vary based on the amount, destination, and current promotions.

Citations:

[1] https://www.remitly.com/us/en

[2] https://wise.com/login

[3] https://www.westernunion.com/us/en/home.html

[4] https://www.xoom.com

[5] https://www.lbcexpress.com

[6] https://www.worldremit.com/en

[7] https://paysend.com