USD to PHP Today: Send Money Instantly with Remitly | Rates & Fees 2023

Need to send USD to PHP today? With Remitly, you get competitive exchange rates, lightning-fast transfers, and transparent fees for sending money to the Philippines. Whether supporting family or managing finances, this guide covers everything you need to know about converting USD to PHP with Remitly right now – including real-time exchange rates, step-by-step transfer instructions, and insider tips to maximize your pesos.

Why Send USD to PHP with Remitly Today?

Remitly stands out for USD-PHP transfers with advantages tailored for Filipino recipients and senders:

• Real-Time Exchange Rates: Get live USD/PHP rates with no hidden markups.
• Speed Options: Choose Express transfers (minutes) or Economy (3-5 days).
• Low Fees: Fees start at $0 for transfers over $1,000 to bank accounts.
• Multiple Delivery Methods: Send directly to bank accounts (BPI, BDO, etc.), cash pickup locations, or mobile wallets like GCash.
• First-Transfer Promotion: New users often get fee-free transfers or boosted rates.

Current USD to PHP Exchange Rate on Remitly

As of today, Remitly’s USD/PHP exchange rate is approximately 1 USD = 56.50 PHP for Economy transfers (rates fluctuate hourly). Express transfers may have slightly lower rates due to speed premiums. Always check the Remitly app for live rates before sending – their transparent pricing shows exact PHP recipients receive after fees.

How to Send USD to PHP via Remitly in 5 Steps

1. Create an Account: Download the Remitly app or visit their website. Verify your ID.
2. Select Destination: Choose “Philippines” and enter transfer amount in USD.
3. Pick Delivery Method: Opt for bank deposit, cash pickup (Cebuana, Palawan), or e-wallet.
4. Enter Recipient Details: Provide the recipient’s full name and contact info. For bank transfers, include account number.
5. Pay & Confirm: Use your debit card, bank account, or credit card. Track transfers in real-time via the app.

Remitly Fees for USD to PHP Transfers

Remitly’s fees vary based on speed and amount:

• Economy Transfers: $0 fee for $1,000+; $3.99 for under $1,000
• Express Transfers: $4.99 fee for any amount (funds arrive in minutes)
• Credit Card Payments: 3% surcharge – use debit cards or bank links to avoid this.

Top 3 Tips for Maximizing Your USD to PHP Conversion

1. Use Economy transfers for large amounts – save fees and often get better rates.
2. Transfer on weekdays when forex markets are active for optimal rates.
3. Enable rate alerts in the Remitly app to send when USD/PHP peaks.

Remitly vs. Competitors: USD/PHP Comparison

• Remitly vs. Wise: Remitly is faster for cash pickups; Wise offers mid-market rates but slower bank processing.
• Remitly vs. Western Union: Remitly has lower fees; Western Union has more cash pickup points.
• Remitly vs. Xoom: Both offer instant transfers, but Remitly typically has higher PHP exchange rates.

Frequently Asked Questions (USD to PHP via Remitly)

What’s the maximum USD to PHP I can send with Remitly?

Verified accounts can send up to $10,000 daily and $30,000 monthly. Limits start lower for new users.

How long do Remitly transfers to Philippines take?

Express: 5-90 minutes. Economy: 3-5 business days. Bank transfers may take an extra day.

Are Remitly’s USD/PHP rates better than banks?

Yes! Banks often add 2-4% hidden fees. Remitly shows the exact PHP amount upfront.

Can I cancel a Remitly transfer to the Philippines?

Only if status is “Pending.” Once “Sent,” cancellations aren’t possible – contact support immediately.

Is Remitly safe for USD to PHP transfers?

Absolutely. Remitly is licensed globally, uses 256-bit encryption, and offers a delivery guarantee.

Ready to send? Download Remitly now for today’s best USD to PHP rates and experience stress-free transfers to the Philippines. New users save with fee-free first transfers!