Our fees are changing on transfers from USD to PHP.

TransferWise content team
29.01.18
1 minute read

We have some news. Our fees are changing on transfers from USD to PHP.

Here’s how much your transfers will now cost, depending on the amount you send:

Amount Old fee New fee Difference Payment method
$100 $5.00 $4.40 $0.60 cheaper Direct Debit
$250 $5.00 $5.70 $0.70 more Direct Debit
$500 $5.00 $8.00 $3.00 more Direct Debit
$750 $7.50 $10.20 $2.70 more Direct Debit
$1,000 $10.00 $12.50 $2.50 more Direct Debit
$2,500 $25.00 $26.00 $1.00 more Direct Debit
$5,000 $50.00 $48.50 $1.50 cheaper Direct Debit
$10,000 $100.00 $78.50 $21.50 cheaper Wire
$25,000 $205.00 $191.00 $14.00 cheaper Wire
$50,000 $380.00 $378.50 $1.50 cheaper Wire

The fee used to be 1% on amounts up to $10,000, and 0.7% on any remaining amount over $10,000.

The new pricing will be:

  • $3.50 + 0.90% for direct debit and debit cards,
  • $3.50 + 0.75% for wire transfers (note that your bank is likely to charge you $25-50, on top of our fees, for wires),
  • $3.50 + 2.60% for credit cards.

You can read more about why we've made this change here.

TransferWise is the smart, new way to send money abroad.

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