Remitly allows Filipino freelancers to receive money directly into their BPI account with competitive fees and fast transfer times. Fees can range from $3.99 to $15.99 depending on the selected speed and delivery method, with processing times as fast as minutes to up to 3 business days for economy transfers. This method is cost-effective and convenient for freelancers needing to access their funds quickly.
Quick Facts
| Aspect | Details |
|---|---|
| Fees | $3.99 for Economy, up to $15.99 for Express transfers |
| Processing Time | Express: Minutes; Economy: Up to 3 business days |
| Minimum Withdrawal | $10 |
| Supported Banks | BPI, BDO, UnionBank, GCash, Maya |
Step-by-Step Process
In my 6 years of freelancing, receiving payments efficiently has been critical. Here's how you can easily receive money from Remitly to your BPI account: 1. **Create a Remitly Account**: Visit the Remitly website or download their app. Register using your email and set up your account. 2. **Select Philippines as the Destination**: Choose the Philippines as where you want to send your funds. 3. **Choose Your Delivery Method**: Select "Bank Deposit" and specify BPI as the recipient bank. Remitly supports direct transfers to major banks including BPI, BDO, and UnionBank. 4. **Enter Recipient Information**: Provide the necessary details like the recipient's full name, as it appears on their bank account, and the BPI account number. 5. **Select the Transfer Speed**: Choose between Express and Economy. Express transfers are more expensive but faster, while Economy offers lower fees but takes longer. 6. **Enter Payment Details**: Add your payment method, which can be a debit card, credit card, or bank account. 7. **Confirm and Send**: Review all details to ensure accuracy. Confirm the transfer and note the expected delivery time. 8. **Track Your Transfer**: Use the Remitly app or website to monitor the status of your transfer.Fees Breakdown (Philippines 2026)
In January 2026, Remitly's fee structure was designed to be competitive. For Express transfers, the fee can reach up to $15.99, which is ideal if you need funds immediately. On the other hand, Economy transfers cost approximately $3.99, a budget-friendly option. To put this in perspective, $3.99 is about P200, which is less than a typical Grab ride across Manila. Always compare these fees with other services to ensure you're getting the best rate.Best Banks to Use
When choosing which bank to receive your Remitly transfer through, consider the following options: - **BPI**: Offers reliable service with extensive ATM and branch networks across the Philippines. It's ideal for freelancers already banking with BPI. - **BDO**: Known for its robust network and flexible banking options, BDO is another excellent choice for receiving Remitly transfers. - **UnionBank**: Offers digital banking solutions that are perfect for tech-savvy freelancers. It's especially advantageous for those who prefer mobile banking. - **GCash/Maya**: For those without traditional bank accounts, using GCash or Maya is a convenient alternative. They allow you to receive funds directly into your digital wallet, which can be used for various transactions GCash guide.Common Problems
Even with a seamless service like Remitly, you may encounter some issues: - **Verification Issues**: Ensure all your documents are up-to-date. Any discrepancies can delay your transfer. - **Transfer Delays**: While Express transfers are usually fast, there may be occasional delays due to banking cutoffs or technical issues. Regularly check your transaction status and contact Remitly support if needed. - **Incorrect Information**: Double-check all recipient information to avoid failed transfers. Incorrect details can mean funds go to the wrong account or are returned. Each problem has a solution, often as simple as a quick verification or communication with Remitly's support team.Frequently Asked Questions
What currencies does Remitly support for transfers to the Philippines?
Remitly supports USD to PHP transfers directly to your bank account or digital wallet in the Philippines.
How can I track my Remitly transfer?
You can track your transfer through the Remitly app or website by entering your transaction details.
What happens if I enter incorrect recipient information?
Incorrect information can cause delays or failed transfers. Double-check details before confirming and contact support if errors occur.
Are there any hidden fees with Remitly?
Remitly is transparent about its fees, which are displayed before you confirm a transfer. There are no hidden fees involved.
Can I receive Remitly transfers through digital wallets?
Yes, you can receive transfers directly into digital wallets like GCash or Maya, which is convenient for those without a bank account.
My Recommendation
After years of freelancing and dealing with various payment methods, I recommend using Remitly for its ease of use and competitive fees. For those who prioritize speed and convenience, especially when dealing with international clients, Remitly's Express option is excellent. However, if you are cost-conscious and can wait a few days, the Economy option is a smart choice. For freelancers exploring other options or looking to diversify their payment methods, consider using Payoneer. It's a robust platform that supports multiple clients and currencies, and you can earn a $25 bonus on your first $1000 received.Start Receiving International Payments
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