Are remittances taxable in the Philippines?

No, money received from OFWs abroad is not subject to income tax in the Philippines. The remittance itself is considered a personal transfer.

What is the best app to send money to the Philippines?

Remitly, Wise, and Xoom offer competitive rates for USD to PHP. Many support direct GCash delivery, which recipients prefer for instant access.

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Sending to

Best rates & providers for PHP transfers

$36.1 billion (2023) — 3rd largest remittance recipient globally

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.

Wise

Mid-market rate with a transparent percentage...

Remitly

Cash pickup, mobile wallet, and bank deposit ...

Xoom

PayPal-owned remittance service with deep cas...

Western Union

The largest cash pickup network in the world ...

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