In this article, we’ll explain how to send money to the Philippines from Canada.
We’ll include the most popular options, important factors to consider, and the best ways to start sending money today.
That said, if this is your first time visiting don’t forget to access our other free resources on banking in Canada for foreigners, non-residents, and people with international requirements.
These resources include free Canadian banking articles on how to open a non-resident bank account in Canada to a deep dive into Canada’s largest banks – click here to learn more.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Send Money to the Philippines From Canada
- What Is the Best Way to Send Money to the Philippines?
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Send Money to the Philippines From Canada
You can send money to the Philippines from Canada using one of several cost-effective methods, including bank transfers, international transfer services, money orders, and even Interac e-transfer with a specific bank. Each of these options has different fees, processing times, and other considerations. So, be sure to review the pros and cons of each before deciding which method to use.
Here is a look at the possible ways that you can send money to the Philippines from Canada:
- Interac e-transfer
- International wire transfer
- Online transfer service
- Money order service
- Canada Post money order
If you require a cost-effective transfer method to send money from Canada to Pakistan, you can access our free guide linked here for more information.
What Is the Best Way to Send Money to the Philippines?
The best way to send money to the Philippines will depend on the specific objectives that you are trying to optimize for. Here is a look at just a few of the variables that you might want to consider:
- Speed of transfer
- Transfer fees
- Foreign exchange fees
- Security of the transfer platform
- Ease of setting up and executing the transfer
- Limits on the amounts you can transfer
Depending on these options, you may want to choose one of the options listed above over the others.
If you’re looking to transfer funds to South Asia and want to know how to transfer money from Canada to India specifically, you can find out how by accessing our free guide linked here.
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Frequently Asked Questions
Below are three of the most common questions that we receive from people looking at how to send money to the Philippines from Canada. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can I Send Money to the Philippines via a Bank Account E-Transfer?
Yes, you can send money to the Philippines via a bank account e-transfer. However, only a very limited number of Canadian banks allow you to send international e-transfers. With this in mind, most people reading this will not be able to send Interac e-transfers unless they open a new bank account with a bank that offers this service.
Of course, there are other alternatives to sending Interac e-transfers, including other international transfer services, money orders, and traditional bank transfers. Any of these options could be suitable depending on your willingness to pay fees and how soon the funds need to arrive.
How Much Money Can You Send from Canada to Philippines?
You can send as much money as you want from Canada to the Philippines. However, certain transfer methods do have restrictions. For example, money orders may be limited, between CAD 1,000 and 5,000. However, there is no limit on the value of the international bank transfer that you can send through SWIFT.
What Is the Cheapest Way to Send Money to the Philippines?
The cheapest way to send money to the Philippines from Canada is through one of the international transfer services. This includes platforms like Wise and some of their competition. That said, if you are sending larger transfers, you may want to consider using a wire transfer from a major Canadian (or international) bank as they do not have limits and are often seen as more secure alternatives.
Do You Want Help Opening Bank Accounts?
If so, you can access GlobalBanks Insider and start the process of applying for an offshore account in a few clicks.
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And “yes!” GlobalBanks Insider is designed to help foreign and non-resident individuals and companies open bank accounts.
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