OFW Guide
How to send money smarter as an OFW
Compare remittance options, minimize fees, and track every peso you send home — all in one place.
Remittance comparison
| Service | Fee | Speed | Tracking |
|---|---|---|---|
| Western Union | ₱50-500 | Minutes | Limited |
| GCash (Send Money) | ₱0-15 | Instant | Basic |
| Wise (formerly TransferWise) | Low, transparent | 1-2 days | Full |
| Bank Transfer (BDO/BPI) | ₱100-300 | 1-3 days | Basic |
| PayMaya/Maya | ₱0-15 | Instant | Basic |
5 tips to save on remittances
1
Compare exchange rates, not just fees
A "free" transfer with a bad exchange rate costs you more. Always compare the actual PHP amount your family receives.
2
Send larger amounts less frequently
Fixed fees eat into small transfers. Sending ₱10,000 once vs ₱2,500 four times saves you ₱200-800 in fees.
3
Use digital wallets for instant, low-cost transfers
GCash, Maya, and Wise offer better rates than traditional remittance centers for most corridors.
4
Track every remittance
Log what you send, when, and through which channel. Iponify's Remittance Hub does this automatically.
5
Set a remittance budget
Decide your monthly remittance amount and stick to it. Use Iponify's Family Allowance to track how it's spent.
Frequently Asked Questions
What is the cheapest way to send money to the Philippines?
The cheapest option depends on the amount. For small transfers (under ₱5,000), GCash and Maya have low fees. For larger amounts (₱10,000+), Wise and Instarem often offer better exchange rates. Always compare the total PHP received, not just the advertised fee.
How long does it take for a remittance to reach the Philippines?
Digital services like GCash, Maya, and Wise deliver instantly or within minutes. Bank transfers (BDO, BPI, Metrobank) take 1-3 business days. Western Union and MoneyGram are same-day but more expensive.
Can I track how my family spends my remittance?
Yes, with Iponify's Remittance Hub. You can log every remittance you send, set monthly allowances for each family member, and see spending reports in real-time. This gives you full visibility on how your money is used.
Is it better to send money frequently or in larger amounts?
Larger amounts less frequently save on fixed fees. Sending ₱10,000 once vs ₱2,500 four times saves ₱200-800 in fees. However, balance this with your family's cash flow needs. Use Iponify to plan your remittance schedule.
What is the best remittance app for OFWs in Singapore?
Popular choices for Singapore OFWs include Wise (best exchange rates), Instarem (low fees), and GCash (instant delivery). Iponify works alongside these services to help you track and manage your remittances, not send them.