International money transfer resources

Send money to Philippines

Article by Mozo

If you’re wanting to send money to the Philippines from Australia, then you’ve come to the right place. Whether you’re transferring money between business, buying a house, sending money to loved ones or migrating there, then an international money transfer is the way to do it.

A successful IMT is when you transfer money from account to account. Mozo’s guide on transferring money to Philippines, will show you that it’s pretty easy to do. You can even transfer money online unassisted if your game! Here you will learn about how and when to transfer at a pace that’s right for your personal situation. Let’s take a look.

Is an International Money Transfer right for me?

Do you... Yes No
a) need to transfer money to pay for your wedding reception? x
b) have a business in Philippines? x
c) need to convert dollars to pesos to holiday in the Philippines? x
d) have property in Philippines? x

If you’ve answered yes to a, b or d, then making an IMT is what you need to do. But if you’re the lucky duck who has a ‘destination wedding’ on Boracay in the Philippines who answered yes to both a and c, then we advise you also visit Mozo’s Travel Money section for tips on converting Aussie dollars to pesos before touch down.

FAQs about transferring money to Philippines

How do I actually transfer money to Philippines?

You can convert Australian dollars to Pesos and transfer them to anywhere in the Philippines. Make sure you have your recipient's bank ID numbers and their account details for a super smooth transfer. Will you use a bank or foreign exchange specialist? Read on to help you decide:


We use banks for nearly all money matters, but it doesn't mean it’s the only or best option. Have a look around and see what your options are. The safest alternatives are foreign exchange specialists. 

Pros: Familiar names that you already trust and use.

Cons: Higher transfer fees than other financial providers. Not as convenient as other methods if you can’t go to a branch during regular banking hours.

Foreign Exchange Specialist

Specialists FX like CurrencyFair, TorFX, OFX are available online 24/7. These foreign exchange providers specialise in IMT, offering expert service and savings you want and expect.


Quick and safe international money transfer, less or no fees, cheaper rates than banks


Since currencies change everyday, trading Australian dollars for Pesos may vary from one day to the next.

Is wiring money to Philippines risky?

The number one rule for during anything online is to keep your hardware protected. So whether sharing photos or real time location on Facebook, shopping or banking online including international money transfers, you need to make sure your computer is protected with the latest technology. How?
  • Install the latest anti-virus software like McAfee
  • Download the latest updates your PC or mobile.
Protecting your PC or mobile gives you buys you security to all the things we love to do online, anytime.

Can I make a one-off transfer to Philippines?

The good news is, you can make a one off payment or regular. It really depends on you and your personal situation.

How do I compare IMT providers?

Mozo makes comparing really easy saving you lots of time. Just use our online comparisons tool and compare multiple IMT providers at one time. When comparing, look out for:

  • Limits: These vary between providers. You need to weigh up whether rates are more important to you or meeting minimum transfer amounts before choosing a provider.
  • Rates: Some providers offer really low rates but high transfer fees. Will this affect your overall amount exchanged? That’s where the Mozo IMT comparison tool is useful.
  • Transfer speed: How quickly does your recipient need the funds? It can take anywhere from 3-8 business days for amounts to clear in your recipient’s bank account.
  • Fees: Higher rates? Or lower fees? Sometimes it’s worth paying a higher fee to benefit from a lower rate, especially if converting and transferring a large amount.
  • Online vs phone or in person: If you make an IMT on your own and online, you will save on fees and maybe even secure a lower rate.

How do I set up an international money transfer?

Firstly, you need to decide which direction you will take - online, in person or over the phone? Working this out first, will determine your best next steps.
  • Will you be logging on to your online bank account or app?
  • Visiting a branch?
  • Filling out a form online?
Whichever way you choose to transfer money to Philippines, some crucial bits of information you’ll need for a successful transfer include:
  1. 1. Full name and address of the recipient’s bank
  2. 2. Recipient's name, address and account name
  3. 3. Account number or International Bank Account Number (IBAN)
  4. 4. SWIFT/BIC code of your personal account you're transferring funds from
  5. 5. Amount you would like to send.

IMT must-know terminology

BIC - Bank Identification Code

SWIFT - Society for Worldwide Interbank Financial Telecommunication

IBAN - International bank account number Recipient - The person or party who receives the money being transferred 

IMT - International money transfer

IMO - International money order.

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