Wise Fees for Philippines (2026): Full Cost Breakdown
Last updated: July 2026 · Rates refresh every 30 minutes
Wise is widely considered the cheapest way to send money to the Philippines for bank deposits — but how much does it actually cost? This guide breaks down every Wise fee for Philippines transfers so you know exactly what you'll pay and how much PHP your recipient will receive.
How Wise charges for Philippines transfers
Unlike most providers, Wise is fully transparent about its fees. There are two components:
Fixed fee
~$1–2
A small fixed component per transfer regardless of amount.
Variable fee
~0.4–0.6%
A small percentage of the transfer amount. On $1,000 this is $4–6.
💡 Key advantage: Wise uses the mid-market exchange rate — the same rate you see on Google. No hidden margin added on top. This is what makes Wise genuinely cheaper than most alternatives.
Wise fees and PHP recipient amount by transfer size
⚠️ These figures are approximate estimates based on Wise's published fee structure. Actual fees vary by payment method and exchange rate at time of transfer. Always check the exact amount on Wise's website before sending.
| You send | Wise fee | Amount converted | PHP received | Effective fee % |
|---|---|---|---|---|
| $100 | ~$2.50 | $97.50 | ~₱5,700 | 2.5% |
| $200 | ~$3.20 | $196.80 | ~₱11,500 | 1.6% |
| $500 | ~$4.50 | $495.50 | ~₱28,900 | 0.9% |
| $1,000 | ~$6.00 | $994.00 | ~₱58,000 | 0.6% |
| $2,000 | ~$10.00 | $1,990.00 | ~₱116,200 | 0.5% |
| $5,000 | ~$22.00 | $4,978.00 | ~₱290,000 | 0.44% |
| $10,000 | ~$41.00 | $9,959.00 | ~₱580,000 | 0.41% |
* Approximate figures based on current rates. Use RateMigo for live exact amounts.
Wise fees vs Remitly fees for Philippines
| Feature | Wise | Remitly |
|---|---|---|
| Transfer fee | ~$4–6 flat | $0 (first transfer) |
| Exchange rate | Mid-market (0% margin) | 1–2% margin applied |
| True cost on $1,000 | ~$6 | ~$10–20 |
| PHP on $1,000 | ~₱58,000 | ~₱56,800 |
| GCash support | ❌ No | ✅ Yes |
| Delivery speed | 1–2 business days | Minutes (Express) |
| Best for | Best rate, bank | Speed, GCash, Maya |
Is Wise cheaper than other options for Philippines transfers?
Wise vs Remitly
For bank deposits over $300, Wise is cheaper. Remitly's first transfer is free, but regular transfers include a 1–2% exchange rate margin. On a $1,000 transfer that's $10–20 hidden in the rate vs Wise's ~$6 transparent fee. However, Remitly wins if your recipient uses GCash or Maya — Wise doesn't support wallets.
Wise vs Western Union
Wise is significantly cheaper than Western Union for bank deposits. Western Union applies a 2–4% exchange rate margin — on a $1,000 transfer that's $20–40 vs Wise's ~$6. Western Union only wins for cash pickup at Philippine agent locations like Cebuana Lhuillier or M Lhuillier.
Wise vs bank wire transfer
Wise is dramatically cheaper than sending via your bank. Most US banks charge $25–45 in wire fees plus a 3–5% exchange rate margin. On a $1,000 transfer that's $55–95 vs Wise's ~$6. Never use your bank for international transfers when Wise is available.
Wise fees by payment method
How you fund your Wise transfer affects the total cost:
Bank transfer (ACH)
RecommendedLowest cost
Free to fund. Only Wise's transfer fee applies. Always use this when possible.
Debit card
~0.5% extra
Small surcharge on top of the transfer fee. Faster but slightly more expensive.
Credit card
~1.5% extra
Higher surcharge. Avoid unless absolutely necessary.
Frequently asked questions — Wise fees Philippines
What are Wise's fees for sending money to the Philippines?+−
Wise charges a small flat fee plus a percentage-based fee on the transfer amount for Philippines transfers. The total fee is typically $4–7 on a $1,000 transfer. Wise uses the mid-market exchange rate with no hidden margin — making it one of the cheapest options for Philippines bank deposits.
Does Wise charge a fixed fee or percentage for Philippines transfers?+−
Wise charges both — a small fixed fee plus a small percentage of the transfer amount. The exact fee depends on the transfer amount and payment method. Paying via bank transfer (ACH) is cheaper than paying by card.
Is Wise cheaper than Remitly for Philippines transfers?+−
For most transfers over $300, Wise is cheaper than Remitly because it uses the mid-market rate. On a $1,000 transfer Wise typically delivers ₱400–₱800 more PHP than Remitly. For first-time senders, Remitly's free first transfer promotion can make it cheaper initially.
Does Wise support GCash transfers to Philippines?+−
No — Wise does not currently support GCash or Maya wallet transfers in the Philippines. Wise only supports bank account deposits. If your recipient uses GCash or Maya, use Remitly or WorldRemit instead.
How do I reduce Wise fees for Philippines transfers?+−
Fund your transfer via ACH bank transfer instead of debit or credit card — card payments add 1.5–2% to your total cost. Wise's fees are already among the lowest available, so the biggest saving comes from choosing the right payment method.
How much PHP will my recipient get for $1,000 with Wise?+−
The exact amount changes daily based on live exchange rates. Use RateMigo's live comparison to see today's exact PHP recipient amount from Wise for any transfer amount.
How much does Wise charge to send $1,000 to the Philippines?+−
Wise charges approximately $6 to send $1,000 to the Philippines when funded via ACH bank transfer. This includes a fixed fee (~$1–2) plus a variable fee (~0.4–0.6% of the transfer amount). Wise uses the mid-market exchange rate with no margin — making the effective cost just 0.6% on $1,000, significantly lower than most competitors.
Does Wise charge a receiving fee in the Philippines?+−
No — Wise does not charge the recipient any receiving fee for PHP transfers to Philippine bank accounts. The only fees are charged to the sender. Your recipient gets the full PHP amount as shown in the comparison — no deductions on their end.
Can I send money to the Philippines with Wise from outside the US?+−
Yes — Wise supports Philippines transfers from many countries including the UK, Australia, Canada, Singapore, and most of Europe. The fees vary by sending country and currency. Use RateMigo to compare Wise rates for your specific sending country.
Are there hidden Wise fees for Philippines transfers?+−
No — Wise is specifically known for having no hidden fees. The fee shown before you confirm your transfer is the complete fee. Wise uses the mid-market rate with no exchange rate margin added. What you see is exactly what your recipient gets. This transparency is why Wise consistently ranks as one of the cheapest options for USD to PHP transfers.
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