Overview
Sending money from Remitly to UnionBank in the Philippines is an efficient way to receive international payments. Fees range from $3.99 to $7.99 depending on how fast you want the transfer, with delivery times ranging from minutes to three business days. Supported banks include UnionBank, BDO, BPI, and more. Quick Facts Aspect Details Fees $3.99 - $7.99 Processing Time Minutes to 3 business days Minimum Withdrawal $1 Supported Banks UnionBank, BDO, BPI, GCash, Maya Step-by-Step Process Transferring money from Remitly to UnionBank is straightforward. Here’s how you can do it step-by-step: Create a Remitly account or log in if you already have one. Choose the delivery speed that suits your needs. Economy transfers are cheaper but take longer, while Express transfers cost more but are quicker. Enter the recipient’s details. Ensure the UnionBank account information is accurate to avoid delays. Select the transfer amount. Remitly will show you the exact fees and the expected delivery time. Confirm the transaction and make the payment using your preferred method, such as a bank account or credit/debit card. Track the transfer through Remitly’s app or website until the funds are deposited into the UnionBank account. Fees Breakdown (Philippines 2026) Understanding the fees involved in a Remitly to UnionBank transfer helps you make informed decisions: Economy Transfer: $3.99, usually delivered within 3 business days. Express Transfer: $7.99, delivered within minutes to hours. Exchange Rate Markup: Approximately 1-2% above the mid-market rate, which is competitive for international transfers. To put this in perspective, a $3.99 fee is roughly equivalent to PHP 200, about the cost of a meal at a mid-range restaurant in Manila. Best Banks to Use When choosing a bank for your Remitly transfers, consider the following options: BDO BDO is one of the largest banks in the Philippines, offering extensive branch and ATM networks. However, their fees can be higher compared to others. B
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Detailed Guide
PI BPI provides reliable service with competitive fees and a user-friendly mobile app, making it a popular choice among freelancers. UnionBank Known for its digital banking services, UnionBank offers lower fees and seamless transactions, making it ideal for online freelancers. GCash/Maya For those who prefer mobile wallets, GCash and Maya offer convenient ways to receive and manage funds with UnionBank integration. GCash guide
Key Points for Filipino Freelancers
- Create strong profiles on Upwork or Fiverr
- Set up Payoneer for receiving USD payments
- Consider BIR registration for tax compliance
- Use Maya or GCash for quick peso withdrawals
- Explore alternatives to OFW work
Pro Tips
Pro Tip: Most successful Filipino freelancers use Payoneer to receive payments and transfer to Maya or GCash for instant access to their earnings in Philippine Peso.