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.
Sending money from Remitly to UnionBank in the Philippines is an efficient way to receive international payments. Supported banks include UnionBank, BDO, BPI, and more. 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. Exchange Rate Markup: Approximately 1-2% above the mid-market rate, which is competitive for international transfers. 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. BPI 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
Ready to start earning in dollars? Sign up for Payoneer → Ad
Detailed 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
Open a Wise account
Wise converts at the mid-market rate and shows its fee before you send. See Wise →Ad
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. WiseAd not only offers better rates but also allows you to withdraw directly to your GCash or UnionBank accounts without the hassle of high fees. This means you can receive your payments quickly and at a fraction of the cost compared to traditional bank transfers or even services like Remitly. With Wise, you can enjoy seamless transactions while saving money. WiseAd shows its fee and exchange rate before you send. As you navigate transferring money to your UnionBank account, consider the added layer of security that a VPN can provide, especially if you’re working remotely. NordVPN not only protects your online activities but also ensures that your financial transactions remain secure. Check out NordVPN for a secure online experienceAd. It offers competitive fees and real exchange rates, which can save you even more money on each transaction. For instance, their fees are often significantly lower than traditional banks, so you can keep more of your earnings. See WiseAd and see how it compares to Remitly.
Related reading
Explore these related guides: