Because banks shouldn't hide your money in spreads.
We expose the real cost of every transfer — the spread, the fees, the delivery time — and rank providers by what actually lands in your recipient's account. No sponsored ordering. Ever.
Sending $1,000 to Philippines
Hover any card to see exactly what it costs you.
7-Day Exchange Rate History
vs Traditional Banks
You save up to $75
on a EUR 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending EUR to PHP from France? You have more options — and better rates — than ever before. Digital providers like Wise, Remitly, and Revolut beat French banks by 3–8% on the exchange rate, and the Philippines charges no tax on incoming remittances, so every euro you save is a euro your recipient actually receives.
Our verdict: Use Wise or Remitly for EUR to PHP transfers — they offer mid-market exchange rates, transparent fees, and direct deposit to major Philippine banks like BDO and BPI.
The EUR to PHP Corridor: Who's Sending and Why It Matters
France is home to one of Europe's largest Filipino diaspora communities — tens of thousands of Overseas Filipino Workers (OFWs) and their families sending money back to Manila, Cebu, or the provinces every month. The Philippines is no small player in global remittances either: it's the world's 4th largest remittance recipient, with inflows exceeding $36 billion in 2023 — nearly 9% of the country's entire GDP. If you're sending EUR to PHP, you're part of a massive, well-served corridor. That's good news: competition keeps fees low and options plentiful.
The Real Cost: Exchange Rate Markup Is the Hidden Killer
Most senders fixate on the transfer fee. Wrong move. The fee is visible — the exchange rate markup is where providers quietly take their cut. A bank charging a "free" transfer but using a rate 4% below mid-market is more expensive than a provider charging €4 on a rate that's 0.5% off. Always compare the total amount received in PHP, not the fee line alone.
Here's how to read it: the mid-market EUR/PHP rate is what you see on Google. Any provider's rate below that is their margin. Banks in France routinely apply a 3–5% markup on top of flat fees. Digital providers are leaner — and it shows.
Why Digital Providers Win by a Wide Margin
Wise, Remitly, Revolut, and WorldRemit consistently beat traditional banks by 3–8% on the exchange rate alone. That gap on a €500 transfer can mean 200–400 PHP extra landing in your recipient's account — enough to matter.
- Wise uses the mid-market rate with a transparent percentage fee (typically 0.4–0.7% for EUR to PHP). Best for larger amounts and repeat senders who want predictability.
- Remitly offers two tiers — Economy (lower fee, slower) and Express (instant, slightly higher fee). Strong on PHP delivery options, including cash pickup.
- Revolut is excellent if you already hold a Revolut account, with near-zero markup during market hours. Watch for weekends — a 0.5–1% weekend surcharge applies.
- WorldRemit has solid Philippines coverage and competitive rates on mid-range amounts (€100–€500), with reliable mobile wallet delivery to GCash and PayMaya.
Speed: Instant vs. Economy — When to Use Each
Express transfers (Remitly Express, Wise Fast) reach the Philippines in minutes to a few hours. Economy transfers take 1–3 business days but cost 30–50% less in fees. The rule is simple: if your recipient needs cash today for an emergency, pay for speed. If it's a regular monthly support payment, schedule it a few days early and take the economy rate.
For bank deposits, both BDO Unibank and Bank of the Philippine Islands (BPI) — the two largest receiving banks in the Philippines — accept direct transfers from most major digital providers. If your recipient banks with BDO or BPI, you can send directly to their account number with same-day or next-day credit on most platforms.
No Tax on the Receiving End
One of the Philippines' most sender-friendly policies: the country imposes no tax on incoming remittances. Your recipient gets the full PHP amount deposited — no withholding, no deduction at the bank. This is a deliberate government policy to encourage OFW remittances, which topped $36 billion in 2023 and remain a pillar of the national economy. It means the rate and fee you lock in on your end is exactly what lands.
Practical Tips to Get the Best Deal
- Transfer on weekdays between 9am–4pm CET. EUR/PHP rates are most liquid during overlapping European and Asian market hours. Avoid late Friday and weekend transfers — some providers widen their spread.
- Set rate alerts. Wise and Remitly both offer rate alert notifications. EUR/PHP can swing 2–3% in a week — waiting for a favorable rate on a €1,000 transfer can save you €20–30.
- Watch thresholds. Many providers offer better fee tiers above €500 or €1,000. If you're sending €450 regularly, consider consolidating into one monthly €900 transfer to unlock a lower rate bracket.
- Verify delivery method with your recipient. Bank deposit to BDO or BPI is the most reliable. Cash pickup is convenient but often carries a higher fee structure.
- Double-check promo codes. Remitly and WorldRemit frequently offer first-transfer promotions — fee-free or bonus PHP for new users. Always check before your first send.
The EUR to PHP corridor rewards the sender who does five minutes of comparison shopping. Skip the bank, use a rate alert, and send to a BDO or BPI account — that combination alone can put an extra €30–60 per year back in your pocket on regular transfers.
Frequently Asked Questions
What is the best EUR to PHP exchange rate?
The best rates come from digital providers like Wise and Remitly, which use rates close to the mid-market benchmark — typically within 0.5–1% versus 3–5% markups at traditional French banks. Always compare the total PHP your recipient receives, not just the headline fee.
How long does it take to send money from France to Philippines?
Express transfers via Remitly or Wise can arrive in minutes to a few hours. Economy or standard transfers typically take 1–3 business days, depending on the provider and receiving bank.
What are the fees for sending money from France to Philippines?
Digital providers charge 0.4–2% in combined fees depending on the amount and speed tier — significantly less than French banks, which can charge €15–30 flat plus a 3–5% exchange rate markup. On a €500 transfer, Wise typically costs under €5 total.
Is it safe to use online money transfer services?
Yes — regulated providers like Wise, Remitly, Revolut, and WorldRemit are licensed by the Banque de France and equivalent EU financial authorities, with funds safeguarded in segregated accounts. They process billions in transfers annually and use bank-grade encryption.