Sending money from Canada to Philippines is straightforward when you choose the right service. This guide compares the best remittance options for 2025 so your family or contacts receive as much as possible.
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| Service | Fee ($500 CAD) | Exchange Rate | Speed |
|---|---|---|---|
| Wise | ~$3–8 CAD | Mid-market rate | 1–2 business days |
| Remitly | $0–5 CAD | Competitive | Minutes to 2 days |
| Western Union | $5–15 CAD | Below mid-market | Minutes to 1 day |
| MoneyGram | $5–12 CAD | Below mid-market | Minutes to 1 day |
| Bank Wire | $15–25 CAD | 2–3% below mid-market | 2–5 business days |
Why Wise Is Usually the Best Choice
Wise (formerly TransferWise) consistently offers the lowest all-in cost for most international transfers. It uses the real mid-market exchange rate and charges a small transparent fee — typically 0.3%–1% depending on the currency pair. You see the exact amount before you confirm. The recipient receives funds directly to their bank account.
Understanding Total Transfer Costs
Two costs matter when sending money internationally:
- Transfer fee: The explicit charge shown in CAD
- Exchange rate margin: The difference between the mid-market rate and the rate you receive. A 3% margin on $1,000 CAD = $30 hidden cost
Always compare the final amount your recipient receives in Philippine Pesos — not just the listed fee.
Delivery Methods
- Bank deposit: Most reliable; recipient needs a local bank account
- Cash pickup: Available through Western Union and MoneyGram at agent locations
- Mobile wallet: Available in select markets
How to Send Money with Wise
- Create a free account at wise.com
- Enter amount and destination country
- Add your recipient's bank details
- Pay via Interac e-Transfer, debit, or bank transfer
- Track the transfer in real time
Popular Philippine Banks for Receiving
Most services support all major Philippine banks: BDO, BPI, Metrobank, Land Bank, PNB, Chinabank, and Unionbank. Unionbank is particularly popular for online banking and fast SWIFT/SEPA receipts.
Open a Canadian Bank Account Today — No Credit History Required
KOHO is perfect for newcomers: no credit check, no monthly fees, instant approval, and a free prepaid Visa card. It's the easiest way to start banking in Canada. Use code 45ET55JSYA for a bonus.
Open KOHO Free — No Credit Check — Code 45ET55JSYA