Send Money from Australia to Philippines — Best AUD/PHP Rates

Your recipient in Philippines can receive PHP in several ways. The fastest method depends on whether they have a bank account, a mobile wallet, or need cash:

• Bank Account Transfer — Direct deposits to BDO, BPI, Metrobank, and all major Philippine banks.
• GCash / Maya — Mobile wallet delivery. GCash has over 60 million users and supports instant transfers.
• Cash Pickup — Available through Palawan Express, Western Union, and thousands of pawnshops and remittance centers.

Confirm the delivery method with your recipient before you send. Most providers let you choose the method during checkout, but the fee and speed can vary — bank transfers are typically cheapest, cash pickup is typically fastest.

There is no single 'best' provider — the right choice depends on whether you prioritise the recipient amount, the fee, the speed, or the institution type.

• If you want the most for your money: Xoom delivered the highest recipient amount in our most recent live snapshot.
• If you want zero fees: Xoom charges no upfront fee — just check the exchange rate margin in the table to see what you actually receive.
• If you'd rather use a bank: HSBC Australia is one of the licensed bank options in this corridor — slower (typically 1–3 days) and usually more expensive than money-transfer operators, but some senders prefer the familiarity.

Recommendations refresh with the live data above. The provider that wins today may not win tomorrow — always check the live table immediately before sending.

Sending money out of Australia is generally not taxed for the sender, but there are reporting and compliance rules worth knowing — especially for larger amounts. The most relevant rules:

• AUSTRAC Registration — All Australian remittance providers must register with AUSTRAC (Australian Transaction Reports and Analysis Centre) and report transactions over AUD 10,000 or any suspicious activity.
• International Funds Transfer Instruction (IFTI) — Banks and money services businesses are required to report every IFTI to AUSTRAC, regardless of the amount. This is a back-end reporting requirement — there is no special form for the sender.
• Tax on overseas gifts — Genuine gifts to family members overseas are not taxable in Australia. However, if the transfer is for income-generating activity (e.g. property purchase abroad), capital gains and foreign income rules may apply.

For a complete view of the rules that apply to senders in Australia, see our Australia guide. For your specific situation, consult a tax professional.

Philippines's rules around inbound foreign currency are usually permissive for personal remittance, but it's worth knowing the framework:

• BSP Regulation — All inbound remittances are governed by the Bangko Sentral ng Pilipinas. No limit on personal inbound transfers.

The single biggest mistake in international transfers is comparing fees instead of comparing the recipient amount. Many providers advertise "no fee" but build a 2–4% margin into the exchange rate they offer you. On a A$1,000 transfer, a 3% rate margin costs you A$30 of value — invisible unless you check the rate against the mid-market.

The mid-market rate right now is approximately 1 AUD = 42.6856 PHP. That's the rate banks use among themselves — providers add a margin on top, which is why the table above ranks by recipient amount rather than by headline fee.

When comparing options, always look at the "Recipient gets" column in the table above. That number already includes both the upfront fee and any rate margin — it's the only honest measure of cost.