How to send money to Philippines from Finland with the best EUR-PHP rate

A comparison of providers offering services between Finland and the Philippines is paramount. Based on your specific transfer amount, the best way to send money to the Philippines could change. Comparing ensures the best price for your needs.

For services allowing you to send Euro to the Philippines we've compared 10 providers.

Here are your best money transfer options for sending money from Finland to the Philippines

• Wise is our recommended way to send Euro to PHP. Sending 7,000 EUR to PHP will cost you €51 in fees, and your recipient will receive 486,539.79 PHP. The delivery time usually is next day, but it depends on the day you make the transfer.

• To secure a cheap way to transfer EUR to the Philippines, TorFx is our recommendation. We found that TorFx fees were 0 EUR per transfer, and customers would expect an exchange rate between EUR-PHP that is 0.3% different to the mid-market rate

• Fastest way to send money to the Philippines from Finland is with Taptap Send. If you send €7,000 with Taptap Send to Philippines, the transfer time is minutes. This is currently the fastest option, but can vary depending on how much EUR you send to Philippines.

This coverage of the market ensure you will get the best options for your transfer to the Philippines from Finland.

Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Finland to the Philippines.

A better exchange rate means more Euro being sent to the Philippines. This exchange rate determines the price you will pay when buying Philippine Peso.

Currently the mid-market rate between Euro and Philippine Peso is 69.9349.

Fees and exchange rates make up the total cost of sending money from Philippines to the Philippines. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current EUR-PHP mid-market rate is 69.9349 PHP per Euro. You will get more Philippine Peso for your Euros if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. TorFx charges the lowest fee of 0 EUR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines. You can assume that a lower cost of sending from Finland will result in more money received in the Philippines.

Sometimes, waiting a day or two can help you get more PHP for the same amount of Euro - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Finland and the Philippines.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Finland to the Philippines at this moment.

Here are all the ways to send money from Finland to Philippines:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Finland to the Philippines.

By using a money transfer company such as TorFx for transfers from Finland to the Philippines, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Finland to the Philippines with a debit or a prepaid card is available through Wise.


Wise is one of the cheaper options for debit card payments for transfers from Finland to the Philippines. This cost is against a total of 10 money transfer companies offering this option.

Credit cards

When it comes to credit card transfers from Finland to the Philippines, we recommend comparing your options to get the best deal.

Transfer limits to Finland and the Philippines will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different EUR-PHP transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to the Philippines, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of EUR to the Philippines we'd recommend using Wise. They offer a combination of rates and fees when sending from Finland to the Philippines that is the most competitive.

There are different ways to receive money in the Philippines.

The most popular ways are direct bank deposit into Philippine Peso, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Finland and the Philippines will offer every method for incoming Philippine Peso.

Understanding where the money will eventually go after its left Finland and entered the Philippines could impact the provider you use.

The most common (and generally easiest) way to send money from Finland to the Philippines is directly into a bank account. Wise is the best company for sending money from Finland to a bank account in the Philippines.

And if you need cash right away, check if cash pickup is an option for transfers between Finland and Philippines.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Philippine Pesos to the Philippines, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Finland ID can be verified through a government issued ID such as a passport or driver's license.

In the Philippines, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Finland and the Philippines, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to the Philippines from Finland due to the ease of sign up and ID verification.

When sending money between Finland and Philippines there will be tax declarations to consider.

Some transfers into Philippine Peso may need to be reported to tax authorities in the Philippines, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in the Philippines.

When in doubt, please contact a tax professional in Finland or the Philippines to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.