Remitly allows Filipino freelancers to receive money from international clients directly into their Metrobank accounts. Fees range from $3.99 for standard transfers to $7.99 for express options, with processing times varying between minutes to three business days. Supported banks include major Philippine banks like Metrobank, BDO, and BPI.
Quick Facts
| Feature | Details |
|---|---|
| Fees | $3.99 (standard), $7.99 (express) |
| Processing Time | Minutes to 3 business days |
| Minimum Withdrawal | $10 |
| Supported Banks | Metrobank, BDO, BPI, UnionBank |
Step-by-Step Process
Receiving payments from Remitly to your Metrobank account is straightforward. Here's a detailed guide: 1. **Create a Remitly Account**: Visit the Remitly website or download their app. Sign up using your email and set up your profile. 2. **Choose Country and Delivery Method**: During setup, select the Philippines as your receiving country and choose 'Bank Deposit' as the delivery method. 3. **Enter Recipient Details**: Provide your full name, Metrobank account number, and phone number. Make sure the details match your bank records to avoid issues. 4. **Sender Sets Up Transfer**: Instruct your client to log into their Remitly account, enter your details, and choose the amount to send. They can select either express or economy service, depending on their preference for speed or cost. 5. **Confirm Transfer**: Once your client initiates the transfer, they will receive a confirmation email. You will also get a notification from Remitly when the funds are on their way to your Metrobank account. 6. **Receive Funds**: Depending on the service chosen, you will receive the money in your Metrobank account anywhere from minutes to three business days.Fees Breakdown (Philippines 2026)
Understanding the fee structure is crucial for managing your finances effectively. In 2026, Remitly’s fees for sending money to the Philippines are as follows: - **Standard Transfer Fee**: $3.99 – This is suitable for non-urgent transfers and takes up to three business days. - **Express Transfer Fee**: $7.99 – Ideal for urgent transfers, with funds arriving within minutes. To put this into perspective, $3.99 is approximately PHP 220, which is less than a Grab ride across Manila. It's an affordable option, especially when receiving larger amounts.Best Banks to Use
Choosing the right bank can optimize your experience with Remitly. Here’s a comparison of top banks in the Philippines: - **BDO**: Offers widespread ATMs and branches, making it convenient for cash withdrawals. However, they may have higher service fees. - **BPI**: Known for excellent customer service and a robust online banking platform, which is perfect for freelancers. - **UnionBank**: Offers digital-friendly services with a seamless online platform, ideal for tech-savvy users. For those who prefer digital wallets, GCash and Maya provide an easy way to manage funds and are compatible with major banks, including Metrobank.Common Problems
While using Remitly is generally smooth, some issues may arise: - **Verification Issues**: Ensure that all your personal and banking details are accurate. Any discrepancies can delay verification. - **Transfer Delays**: Occasionally, transfers may take longer due to banking holidays or technical issues. Always plan for potential delays. - **Solutions**: Always double-check details before confirming transactions. Contact Remitly support for unresolved issues or significant delays.Frequently Asked Questions
How long does it take to receive money via Remitly?
Express transfers can be received in minutes, while standard transfers take up to 3 business days.
Can I use Remitly with GCash?
Yes, you can transfer money from Remitly to GCash by selecting it as the receiving option.
What should I do if my transfer is delayed?
Check for any discrepancies in your details or banking holidays. Contact Remitly support if the issue persists.
Are there any hidden fees with Remitly?
Remitly is transparent with its fees, which are outlined during the transaction process. Always review them before confirming a transaction.
What is the exchange rate policy of Remitly?
Remitly locks in the exchange rate at the time of the transaction, ensuring you receive the exact amount you expect.
My Recommendation
In my 6 years of freelancing, I’ve found that having multiple payment options is vital for flexibility and convenience. While Remitly offers a reliable service for receiving funds directly to your Metrobank account, I highly recommend considering Payoneer for its additional benefits. Payoneer provides a seamless way to receive international payments with competitive exchange rates and the ability to hold multiple currencies. Moreover, their prepaid Mastercard makes accessing your funds globally incredibly easy. For freelancers who work with platforms like Upwork Upwork guide or Fiverr Fiverr guide, Payoneer integrates smoothly, enhancing your financial operations.Start Receiving International Payments
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