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Reviewed and updated April 2026 by Maria Santos (THG editorial team). Data verified against official sources and real-world testing.
Overview
For Filipino freelancers, transferring money from Wise to Security Bank is straightforward, with low fees and quick processing times. Typically, transfers take 1-3 business days with fees around 0.5% of the transfer amount. This method supports major banks like Security Bank, making it ideal for those in the Philippines. Quick Facts Feature Details Fees Approximately 0.5% of the transfer amount Processing Time 1-3 business days Minimum Withdrawal No minimum amount required Supported Banks Security Bank, BDO, BPI, UnionBank, GCash, Maya Step-by-Step Process 1. Create a Wise Account: Start by signing up on Wise’s website or app. Ensure you provide accurate personal information and complete the verification process. Link Your Security Bank Account: In yourWiseaccount, go to the ‘Recipients’ section and choose ‘Add a Bank Account’. Enter your Security Bank details carefully to avoid transfer issues.Initiate a Transfer: Select ‘Send Money’ on Wise. Enter the amount you wish to transfer and choose ‘PHP’ for the currency. Provide your Security Bank account as the recipient.Review Fees and Exchange Rates: Wise provides a transparent breakdown of fees and real-time exchange rates. Make sure you’re comfortable with these before proceeding.Confirm and Pay: Review all details and confirm the transfer. You can pay Wise using various methods, including credit/debit cards or a bank transfer.Track Your Transfer: Once initiated, you can track your transfer’s status within your Wise account. You’ll receive notifications via email or SMS.Receive Money in Security Bank: Typically, funds arrive in your Security Bank account within 1-3 business days. Fees Breakdown (Philippines 2026) -Transfer Fee: Wise charges a fee of approximately 0.5% of the transfer amount. For a $1000 transfer, this is around $5 or roughly ₱280.Exchange Rate Markup: Wise offers a mid-market exchange rate with no additional markup, ensuri Ready to start earning in dollars? Sign up for Payoneer free →
Detailed Guide
ng you’re not losing money on conversion. Comparison: For context, the ₱280 fee is less than a Grab ride across Manila, making it a cost-effective option for freelancers. Best Banks to Use When transferring money through Wise, it’s crucial to choose a bank that aligns with your financial needs and offers seamless integration with Wise. BDO: Known for its extensive branch network and online banking capabilities, BDO is a solid choice for freelancers needing frequent cash withdrawals. BPI: Offers competitive exchange rates and low transaction fees. BPI’s digital banking app is user-friendly and efficient for managing funds. UnionBank: Offers excellent customer service and a robust online platform, making it ideal for tech-savvy users. GCash/Maya: If you prefer mobile wallets, GCash and Maya offer quick and convenient options for receiving and spending your money.Recheck Details: Always verify recipient details and ensure your bank account is correctly linked.Plan Ahead: Initiate transfers ahead of time, especially if you need funds by a specific date.
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 Wise Account — First Transfer FREE
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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. Managing your earnings from freelance work can be simpler with the right tools. I recommend using Wise not just for its low fees but also for its transparency. By choosing Wise for your international transfers, you can be sure of the exact costs involved. This way, you can avoid unexpected fees that often come with traditional bank transfers, which could add hundreds of pesos to your costs. Make sure to check Wise’s rates before making a transfer! If you often deal with international payments, you’ll want to consider how Wise stacks up against other services. For instance, if you were to use Payoneer, you might end up paying higher fees — typically around 1% to 2% depending on the transaction. In contrast, Wise charges approximately 0.5%, which can save you around ₱800 for every ₱10,000 transferred. I personally find Wise to be a more cost-effective choice for my payments, and it integrates smoothly with GCash for ease of access. Additionally, consider enhancing your skills through platforms like Udemy. Investing in courses can help you refine your freelancing capabilities, making you more competitive in the market. With courses starting at around ₱1,500, the knowledge you gain can lead to higher-paying gigs. So, take the plunge and expand your expertise today! If you’re looking to maximize your earnings as a freelancer, using Wise for international transfers can save you both time and money. With fees around 0.5% and quick processing times, it’s an efficient way to manage your income from clients abroad. Trust me, every peso counts!
Related reading
Explore these in-depth guides from our editorial team:
- How to transfer from Payoneer to Security Bank 2026
- Payoneer or Gcash 2026 Guide
- Remitly vs Wise 2026: Which Is Better for Filipinos? Guid…
- Best Payment Methods for Filipino Freelancers 2026
- Remitly vs Wise 2026: Which Is mas mabuti para sa Pinoy?
Sources & further reading
For more depth on these topics, these authoritative sources are worth bookmarking:
- Wise Mission Mid-market rate — authoritative reference.
- World Bank Remittance Prices — authoritative reference.
- FATF Cross-Border Payments — authoritative reference. Last verified April 2026.