Do you need to make a
Bank Transfer to Philippines in Philippine Peso?
Our business clients making PHP payments to the Philippines are generally making payroll-related transfers for overseas staff and property payments in the areas of Business Process Outsourcing (BPO) and IT.
Payments to exporters in the Philippines are usually relating to consumer goods, electronics and clothing.
-
Make a Local Payment Simply make a local payment to any one of TransferMate's 200+ bank accounts by wire transfer or ACH. -
Competitive exchange Rate TransferMate will convert your currency to USD at a very competitive exchange rate, with minimal fees. In fact, we don't charge any fees on transfers over $5000! -
Beneficiary receives Funds Funds arrive in your beneficiary's account within 2-3 working days.
What information do I need to make a bank Transfer to Philippines?
To transfer money to Philippines bank account, you will need to provide the following beneficiary details:
- BENEFICIARY'S BIC/SWIFT CODE
- BENEFICIARY'S FULL NAME
- BENEFICIARY'S BANK NAME
- BENEFICIARY'S IBAN/ACCOUNT NUMBER
- Beneficiary's Address
Your beneficiary in Philippines or your bank will be able to provide these details to you.
FREQUENTLY ASKED QUESTIONS
General
What customers say about TransferMate
-
Clive Knauf
For me there are 3 important things when it comes to transferring my funds between countries.
1. My funds are secure,
2. The transfer occurs quickly,
3. That the exchange rate is fair.
Transfermate ticks all three boxes, and with it being an online system I can do it whenever and wherever I want. So far I've used the service 12 times over 15 months, and it works for me. -
Gillian Conway
On time, right amount, no extra or hidden charges. I will be using from now on for all my money transfers.
-
Michelle O'Neill
Our accountant recommended TransferMate to us over a year ago and I have to say that they have made a real difference to our company. Overall, we have made substantial savings and we would have no hesitation in recommending TransferMate.
-
Kerry Bowden
It is so easy to make payments and the savings to our company have been considerable. It always frustrated me to pay so much in bank fees for international transfers but now with Transfermate the flat fee means more money in our coffers.
-
Mark, PLW, UK
Apart from the obvious monetary saving of using Transfermate, their Quickbooks app offers simplicity - even for those not so versed in accounting (like me). Everything regarding the transaction is entered for you, making reconciling a breeze. I highly recommend TransferMate!