Remitly allows Filipino freelancers to receive money from international clients into their BDO accounts with competitive fees and quick processing times. Typically, funds arrive within minutes to a few hours, with fees starting from $3.99. This provides a convenient and cost-effective way for freelancers in the Philippines to manage their earnings.
Quick Facts
| Aspect | Details |
|---|---|
| Fees | Starting at $3.99 |
| Processing Time | Minutes to a few hours |
| Minimum Withdrawal | Varies depending on the sender's country |
| Supported Banks | BDO, BPI, UnionBank, GCash, Maya |
Step-by-Step Process
1. **Create a Remitly Account**: If you don't have an account, sign up on Remitly's website or mobile app. 2. **Choose the Delivery Method**: Select "Bank Deposit" and then choose BDO as your bank. 3. **Enter Recipient Details**: Fill in your BDO account number, full name, and address as registered with the bank. 4. **Specify the Amount**: Enter the amount you wish to receive. Remitly will show you the applicable fees and exchange rates. 5. **Review the Transaction**: Double-check all details to ensure they're correct to avoid delays. 6. **Complete the Transfer**: Confirm the transaction. You will receive a confirmation once the money has been sent. 7. **Track the Transfer**: Use the tracking feature in Remitly to monitor the progress of your transfer.Fees Breakdown (Philippines 2026)
Remitly charges fees based on the amount and speed of the transaction. For standard transfers, fees start at $3.99. Express transfers, which deliver funds within minutes, may incur higher charges. As an example, a $100 transfer might cost approximately $5, which is about PHP 250. That's less than what you might pay for a Grab ride across Manila during peak hours.Best Banks to Use
- **BDO**: Known for its extensive branch and ATM network, BDO is a reliable choice for receiving international remittances. - **BPI**: Offers competitive fees and a robust online banking platform, making it convenient for freelancers. - **UnionBank**: Praised for its tech-savvy approach, UnionBank provides seamless online banking services. - **GCash/Maya**: For those who prefer mobile wallets, both GCash and Maya offer flexibility and ease of use, especially for smaller amounts.Common Problems
- **Verification Issues**: Ensure that your account details match exactly with those registered at BDO to avoid verification problems. - **Transfer Delays**: While most transactions are instant, occasionally delays can occur due to network issues or bank holidays. - **Solutions**: Always double-check recipient details, and contact Remitly support if delays exceed expected timeframes.Frequently Asked Questions
How long does a Remitly transfer to BDO take?
Transfers typically take minutes to a few hours, depending on the service speed selected.
What are the fees for using Remitly?
Fees start at $3.99 for standard transfers, with express options available at higher costs.
Can I use Remitly with other banks besides BDO?
Yes, you can also use BPI, UnionBank, and mobile wallets like GCash and Maya.
What should I do if my transfer is delayed?
Check your transaction status via Remitly's tracking feature and contact their support if needed.
Is using Remitly safe?
Yes, Remitly is a secure and reputable service with robust security measures to protect your transactions.
My Recommendation
In my 6 years of freelancing, I've found that managing payments efficiently is crucial for financial stability. While Remitly offers a reliable option for receiving funds directly into your BDO account, I also recommend considering Payoneer for its global reach and additional benefits. With Payoneer, you can manage multiple currencies and enjoy a $25 bonus on your first $1000.Start Receiving International Payments
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