Overview
💸 Before you send money
Wise shows the fee and the exchange rate before you confirm a transfer. Compare it with what your bank or platform charges for the same amount.
Remitly allows Filipino freelancers to receive money directly into their BPI account with competitive fees and fast transfer times. This method is cost-effective and convenient for freelancers needing to access their funds quickly. Here’s how you can easily receive money from Remitly to your BPI account:
Create a Remitly Account: Visit the Remitly website or download their app. Register using your email and set up your account.
Select Philippines as the Destination: Choose the Philippines as where you want to send your funds.
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.
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.
Select the Transfer Speed: Choose between Express and Economy. Express transfers are more expensive but faster, while Economy offers lower fees but takes longer.
Enter Payment Details: Add your payment method, which can be a debit card, credit card, or bank account.
Confirm and Send: Review all details to ensure accuracy. Confirm the transfer and note the expected delivery time.
Track Your Transfer: Use the Remitly app or website to monitor the status of your transfer. Fees Breakdown (Philippines 2026) In January 2025, Remitly’s fee structure was designed to be competitive. 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:
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Detailed Guide
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.
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.
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
Open a Wise account
Wise converts at the mid-market rate and shows its fee before you send. See Wise →Ad
Pro Tips
However, if you are cost-conscious and can wait a few days, the Economy option is a smart choice. Platforms like UdemyAd offer affordable courses. These can help you refine your skills in areas like virtual assistance or content writing, making you more competitive in the online marketplace. As a freelancer, managing your payments efficiently is crucial. For instance, using Wise for international paymentsAd can be a game changer. Additionally, if you’re looking to enhance your skills and stand out in the freelancing market, consider investing in online courses. UdemyAd sells video courses on this. This can make a significant difference in your earning potential as a freelancer. As a freelancer, ensuring that your earnings are secure is crucial. NordVPNAd is a paid VPN that encrypts your connection.
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.
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