The cheapest way to send Australian dollars to Philippine pesos is usually a specialist transfer provider, not your bank. On a typical A$1,000 send, the lowest-cost options keep the total charge near or under 1%, while an Australian bank can take 3% or more once the hidden rate markup is counted.
Australia is home to a large Filipino community, and much of the money goes to support family back home, so this route is well served and priced to compete. How your recipient gets paid, a bank deposit versus cash pickup, can sway the best choice as much as the price. The figures below are modelled estimates, so confirm the final number on the provider's own site before you send.
- For most amounts, a specialist provider beats an Australian bank by a wide margin, often cutting the total cost by roughly two-thirds.
- The winner depends on the amount. A provider that is cheapest at A$1,000 is not always cheapest at A$5,000, so check the modelled table at your size.
- The rate markup matters as much as the fee. A low fee can hide a worse exchange rate, so compare the all-in cost, not the headline number.
- Cash pickup is widely available. Many Filipino families prefer to collect cash, and several providers support it, each priced differently.
The cheapest way to send dollars to pesos
Right now, one Australian dollar buys about 44.6005 Philippine pesos at the mid-market rate. Every provider starts from that same baseline and then adds its own charge on top. At a A$1,000 send, the gap between the cheapest and the most expensive option is real money, often A$20 or more.
On this route, Wise typically lands near 0.58% all-in, about A$5.85 on a A$1,000 transfer. WorldRemit and Remitly, both built around family remittances, often sit close by at this size and add the option of cash pickup. A typical Australian bank sits well above all of them once the rate markup is counted. You can see the full ranked list, and filter it, in our comparison tool.
Sending a larger amount
At A$5,000 the ranking can shift. Fixed fees matter less on a big send, so providers that charge a low percentage pull ahead, while any flat fee shrinks to almost nothing. The table below shows the current order at this size.
Two things tend to change as the amount grows. First, a flat fee that looked large at A$1,000 becomes trivial at A$5,000. Second, a percentage markup that seemed small starts to add up to real money. That is why the cheapest provider for a one-off large transfer is not always the same name that wins on a small monthly send.
What affects the cost
Four things decide what a transfer actually costs.
- The fee. This is the charge you can see, a flat amount, a percentage, or both. It shows up as a line item before you confirm.
- The markup. This is the cut hidden inside the exchange rate. A provider can advertise a tiny fee and still make most of its money here, which is why the all-in cost is the number to watch. Our markup versus fee guide breaks the two apart.
- The amount. Fixed fees weigh more on small sends. Percentage charges weigh more on large ones. The cheapest option at one size is not always the cheapest at another.
- The payout method. A bank deposit and a cash pickup are priced differently, and not every provider offers both. In the Philippines, cash pickup through networks like Cebuana Lhuillier and M Lhuillier is popular, so decide what your recipient needs before you compare.
Who should use what
Use a specialist like Wise if you send money to family on a regular basis and a bank deposit works for them. Wise prices the Australian-dollar-to-peso route to compete, and the modelled table at your amount shows exactly where it lands. For pure bank-deposit value, it is hard to beat.
Use a remittance provider like WorldRemit or Remitly if your recipient prefers cash pickup, or speed matters. Both are built around family remittances and support cash collection across the Philippines, and Remitly often runs promotional rates for new customers that can make a first transfer cheaper than the modelled figure suggests.
Use your bank if the transfer is rare, the amount is small, and you value the comfort of an account you already trust. You will almost always pay more, but for a one-off send the extra cost may be worth the familiarity. Just go in knowing what you are paying for, and read our guide to cutting FX fees so nothing is hidden from you.
Frequently asked questions
What is the cheapest way to send money from Australia to the Philippines?
For most amounts, a specialist transfer provider beats a bank by a wide margin. The exact cheapest name changes with the amount you send and the payout method you choose, so the safest move is to check a modelled comparison at your size before you commit.
Can my recipient collect cash in the Philippines?
Yes. Providers such as WorldRemit, Remitly, and Western Union support cash pickup at agent networks across the Philippines, including Cebuana Lhuillier and M Lhuillier branches. Cash pickup usually costs a little more than a bank deposit, so compare the all-in cost of both before you choose.
How long does a transfer to the Philippines take?
It depends on the provider and how you pay. A card-funded transfer can arrive the same day, sometimes within minutes, while a bank-funded one usually takes one to three business days. Cash pickup is often available within minutes of the transfer clearing.
Are the fees shown here exact?
No. The table uses the current mid-market reference and, where available, a Wise account-holder API estimate. Other providers use stored published fee and markup models, not live quotes, so the results are modelled estimates for a typical send. Promotional rates for new customers are not reflected. Always confirm the final figure on the provider's own site before you transfer.
Cost figures are worked out from each provider's published fee structure applied to the current mid-market reference rate. They are modelled estimates for a typical Australian-dollar-to-peso send, not live quotes, and the final price depends on the amount, the payout method, and your region. Always confirm the final quote on the provider's own site before you transfer. We may earn a commission from affiliate links at no extra cost to you, and this never affects our rankings. Nothing here is financial advice.
Sources: Wise pricing (opens in a new tab), WorldRemit pricing (opens in a new tab), Remitly pricing (opens in a new tab). Accessed August 2026.