How to send money to the Philippines from Canada

How to send money to the Philippines from Canada

Filipinos account for about three per cent of Canada’s population. That’s nearly a million people. For decades now, Filipinos have been emigrating to North America to live and work. 

Consequently, there’s a growing demand for providers that transfer money back to loved ones in the Philippines. Find out how to send money to the Philippines from Canada and what you should know before you do.  

Sending remittances from Canada to the Philippines 

It’s no surprise that Canada is the fourth most popular country for Filipinos to move to. In the 1960s, over 1,000 Filipinos emigrated to Winnipeg through a recruitment program. Since then, large Filipino communities have sprung up all over Canada, including in Vancouver and Toronto. With Toronto’s thriving Filipino culture, a small neighbourhood in the city has been dubbed Little Manila.

Fun fact: Torontonians don’t pronounce the second “t” in the word “Toronto”. However, it is pronounced in the word “Torontonians”.

When you send Canadian dollars (CAD, CA$, Can$ or C$) to the Philippines, your money is usually delivered in Philippine pesos (Piso in Filipino). The Philippine peso (PHP) is represented by the “₱” symbol. 

Some money transfer providers such as Azimo also offer collection in euros or US dollars. 

Pay the lowest fees when transferring money from Canada to the Philippines

When you send money to the Philippines from Canada, look for a provider that offers a single, transparent and fair transfer fee. That way, your loved ones will likely get more Philippine pesos when you transfer Canadian dollars to the Philippines. 

Many money transfer outlets and agents love to advertise great rates while failing to mention their hidden fees. If an exchange rate seems too good to be true, that’s because it usually is. 

Azimo charges one transparent fee on transfers from Canada to the Philippines that’s usually among the lowest on the market

Get the best exchange rates when sending money from Canada to the Philippines

Make sure you’re being offered a fair exchange rate by checking the mid-market exchange rates between currencies. A reasonable exchange rate will match or be as close to the mid-market (or interbank) rate as possible. 

Knowing the exchange rate will also help you estimate how much your loved ones should expect to receive at the other end. For more useful tips, have a look at our guides to getting the best exchange rates and what makes currencies fluctuate. Even in stable economies, exchange rates go up and down on an hourly basis. The difference might appear small at first, but it soon adds up when you’re sending hundreds or thousands of Canadian dollars to your family in the Philippines. 

Sign up for rate alerts

If you’re planning to send Canadian dollars to the Philippines, get ahead by setting up a rate alert. By signing up for a currency rate alert service, you’ll receive notifications when there’s a great exchange rate between CAD and PHP

Rate alerts are beneficial when you’re looking to send large amounts of money overseas and can afford to wait for a better exchange rate. 

Avoid using your bank when sending money from Canada to the Philippines 

There are many world-class banking institutions in Canada such as the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD) and Bank of Nova Scotia (Scotiabank)

And the chances are you probably have an account with one or more of these banks. But if you think sending money overseas with your bank is a good idea, think again.

That’s because banks are experts at hiding fees for sending money abroad, i.e overcharging you for your transfers. We’ve written a guide on why you should avoid using a bank to send money overseas

Use a dedicated money transfer provider

There’s plenty of choice in Canada when it comes to transferring money to the Philippines. Your options include traditional transfer outlets, parallel market operators and banks like the Royal Bank of Canada. You can also use new fintech companies like: 

  • Remitly.
  • Instarem.
  • OFX.
  • currencyfair.
  • WorldRemit.

Thanks to innovative technology, these providers usually offer a faster, cheaper and safer way to send money to places like Quezon City, Manila and beyond. 

For example, Remitly, Instarem and WorldRemit all offer cash pick-up delivery in the Philippines. Cash pick-up is an especially great feature if you have relatives that don’t have bank accounts. 

OFX, the Royal Bank of Canada and currencyfair even allow you to send millions of Canadian dollars to the Philippines. Usually, though, you’ll find the best overall deal with Azimo.

Did you know? 
During the printing of 100 PHP bills in 2007, the central bank didn’t notice a spelling mistake on former President Gloria Macapagal-Arroyo’s name. 
Instead of Arroyo, the notes had “Arrovo”. Unfortunately, only 1,000 bills had already been released before they noticed the error. 

Transfer money to the Philippines from Canada with Azimo

Along with just one fair and transparent fee, Azimo often has the best exchange rates on the market. And with our instant delivery times to many locations, it’s no wonder why we’ve received more than 40,000 five-star reviews on Trustpilot

Enjoy multiple delivery options when you send money from Canada to the Philippines with Azimo. You can also top-up a loved one’s mobile phone with Philippines pesos. We work with popular mobile networks in the Philippines to cover most parts of the country.  

Azimo only works with the most trusted financial institutions in the Philippines, such as BDO Unibank and the Philippine National Bank, which means you can have peace of mind that your transfer is secure every step of the way. 

Finally, check the Azimo pricing page to see how you can save up to 75% versus other money transfer providers like Skrill and WorldRemit when you send CAD to the Philippines.