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With a global pandemic, extended lockdowns and current affairs that cause major currency fluctuations, there are many considerations before transferring money overseas to friends and family. Our professional forex brokers give their best advice for sending money to the Philippines from Australia.


If you want to send money to the Philippines in 2021, it’s probably more appreciated than ever. After a tough year that saw millions of people lose their jobs, many Filipinos are still relying on financial support from loved ones abroad. If you are sending money from Australia to the Philippines there is a lot to consider to make sure that your money goes as far as possible and reaches those back home without any problems. 

What's the best way to send money to the Philippines?

These days there are two standard ways to do a money transfer: by going in person to visit a bank or a money transfer shop, or by going online and using a digital platform. This platform will be a dedicated forex service that specialises in money transfers. Using a digital platform is not only faster and more efficient but also cheaper than banks. While using an online transfer service is advisable, there are still many options to choose from. Let’s break down the most important things you need to know about sending money to the Philippines, these are our top pieces of advice from forex brokers.

  1. The cost of sending money abroad will vary

    When sending money abroad, you are never going to get the exact exchange rate and there are usually some fees involved, but it is still very possible to get a great service for a good price.

    The World Banks remittance prices give you the average fee across popular online transfer services, banks and money exchange companies. 

    According to their first-quarter report of 2021:

    • To send 500 AUD to the Philippines the average cost would be 6.72 AUD
    • The average total cost of the transaction would cost 16.80 AUD

    Depending on the company fees, the cost can range from around as little as 5 AUD to over 50 AUD. At Sable Remit we have kept our fees to the low cost of 3.50 AUD per transfer.

    Banks typically offer lower rates and charge higher transfer fees.

    Free transfers Transfer fee AUD
    Sable Remit 3 3.50
    Banks (average) - 8.75
    Other online FX platforms * 1 - 3 5 - 13

    * Based on a transfer of AUD 1,000

    Each service and company comes with its own pros and cons so look out for what is most important to you and remember that when sending money abroad you need to trust the company that is dealing with your hard-earned money.

  2. Exchange rates are constantly changing

    The exchange rate determines how much one country's currency is worth in another country's currency.

    Exchange rates are a very important factor to pay attention to when sending money abroad. Currency fluctuations are usually the most volatile part of transferring money overseas so you need to time your transaction wisely.

    The Philippine peso is known for fluctuations when compared to the Australian dollar, so expect exchange rates to change almost every day. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    Thankfully, you can also take advantage of these changes if you have a flexible timeline for when you are going to make your transfer. Some companies, including Sable Remit, have rate notifiers and if you sign up for the service will let you know the best time to transfer money. Simply create an account and you can sign up to receive rate notifications. This means you will get an email letting you know that your ideal currency exchange rate has been reached and that you should make your transfer as soon as possible.

  3. Exchange rates are constantly changing

    The last thing you want to do is use an unsafe site for your money transfer. Make sure the service you choose is regulated by the Financial Conduct Authority, uses advanced technology and is fully encrypted.

    Sable Remit is authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), and holds an Australian Financial Services License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126). You can read more about the security of the service if you have any questions. 

    The Sable Remit site also uses Secure Socket Layer (SSL) 128-bit encryption to protect your transaction details. This 128-bit encryption is the latest and strongest data encryption technique commercially available for securing information between you, the client, and our website.

  4. Be wary of higher-than-market exchange rates

    For some online providers, higher rates are only applicable up to a certain amount. Though their published rates may look attractive at the start, you may not be getting the best rate in the long run. For instance, other online FX providers may give you a higher than the market rate for the first AUD 500, but give you a low rate for any succeeding amount. This means that your recipient will receive less money if you transfer larger amounts.

    Sable Remit does not charge more for larger transactions. We offer the first three transfers free and only charge AUD 3.50 for any succeeding transfer, regardless of the amount

  5. Look for a company that focuses on customer service and support

    Making sure your pesos ultimately reach your family is hugely important. While the biggest transfer companies could save you a few dollars in the short term, there are some crucial questions that you need to consider. What will happen if something goes wrong with your transfer? How is the company's customer support? Do they have real people who can assist you promptly and answer your questions or queries quickly and, of course, solve any issues you may have?

    Many money transfer companies have a lack of customer service and simply have automated answers from a chatbot, with no real people and no phone numbers that you can call.  Some of the biggest online transfer companies have terrible reviews, with people reporting horror stories of having their accounts being shut down without any explanation and their money never arriving in the Philippines. When you need help you need to make sure that there will be someone to talk to, in your own language. Sable Remit is available to take your calls or queries with real assistants who are ready to solve any issues you may have right away. 

Sable Remit is currently offering your first three transfers for free.

Sable Remit is ready to help you transfer your Australian dollars to Pesos online 24/7. Simply register today and get started.