Wise Fees for Philippines (2026): Full Cost Breakdown
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
| You send | Wise fee | Amount converted | PHP received |
|---|---|---|---|
| $100 | ~$2.50 | $97.50 | ~₱5,700 |
| $200 | ~$3.20 | $196.80 | ~₱11,500 |
| $500 | ~$4.50 | $495.50 | ~₱28,900 |
| $1,000 | ~$6.00 | $994.00 | ~₱58,000 |
| $2,000 | ~$10.00 | $1,990.00 | ~₱116,200 |
| $5,000 | ~$22.00 | $4,978.00 | ~₱290,000 |
* 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 |
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.
See today's exact Wise rates for Philippines
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