How To Send Money From India To Philippines

How To Send Money From India To Philippines

Sending money internationally can sometimes be a daunting task, especially with the myriad of options available. If you’re looking to send money from India to the Philippines, you’re in luck. In this guide, we’ll walk you through the process, highlighting the best methods, associated costs, and essential tips to ensure a smooth transaction.

Understanding the Basics

Before delving into the specific methods, it’s crucial to understand the basic principles of international money transfers. Several factors come into play, including exchange rates, transfer fees, transfer speed, and recipient options. Familiarizing yourself with these fundamentals will empower you to make informed decisions throughout the process.

Method 1: Bank Transfers

Traditional Bank Transfers

Traditional bank transfers offer a reliable way to send money from India to the Philippines. However, they may not always be the most cost-effective option due to high transfer fees and less competitive exchange rates. Additionally, transfers through traditional banks often take several business days to complete.

Online Bank Transfers

With the rise of digital banking, many banks now offer online money transfer services. These services typically provide more competitive exchange rates and lower fees compared to traditional bank transfers. Additionally, online transfers tend to be faster, with funds reaching the recipient within a few business days.

Method 2: Money Transfer Operators (MTOs)

Money transfer operators, such as Western Union and MoneyGram, offer convenient alternatives to traditional bank transfers. These companies specialize in international money transfers and often boast extensive networks, allowing recipients to receive funds quickly at various locations across the Philippines.

Method 3: Online Money Transfer Services


PayPal is a popular choice for international money transfers due to its ease of use and widespread acceptance. Users can link their bank accounts or credit cards to their PayPal accounts and send money to recipients in the Philippines with just a few clicks. However, PayPal’s fees and exchange rates may not always be the most favorable.

Remittance Apps

Several remittance apps, such as Remitly and TransferWise, specialize in international money transfers. These apps often offer competitive exchange rates and low fees, making them an attractive option for sending money from India to the Philippines. Additionally, remittance apps typically provide fast transfer speeds, with funds reaching the recipient within minutes or hours.

Tips for Sending Money from India to the Philippines

Compare Transfer Options

Before initiating a transfer, take the time to compare different transfer options to find the most cost-effective solution. Consider factors such as exchange rates, transfer fees, and transfer speed to make an informed decision.

Monitor Exchange Rates

Exchange rates fluctuate constantly, so it’s essential to monitor them closely to maximize the value of your transfer. Consider using online tools or apps that provide real-time exchange rate updates to ensure you’re getting the best rate possible.

Consider Transfer Speed

Depending on your urgency, transfer speed can be a crucial factor to consider. While some methods offer near-instantaneous transfers, others may take several business days to complete. Choose a method that aligns with your timeline and preferences.

Sending money from India to the Philippines doesn’t have to be complicated. By understanding the available methods, comparing transfer options, and following essential tips, you can ensure a seamless transfer experience. Whether you opt for traditional bank transfers, money transfer operators, or online money transfer services, the key is to prioritize reliability, affordability, and convenience. With the right approach, you can securely send money to your loved ones in the Philippines with ease.


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