Compare the Best Online Banks
Find the perfect solution for your money transfers to the Philippines. Save up to 85% on bank fees with the right digital banks.
Real-Time Fee Calculator
Compare actual costs and see how much you save with each bank
Wise saves 60% compared to other popular banks
Neobanks vs Traditional Banks
Comparison of the most popular modern solutions
| Bank | Rating | Fees ($1000) | Exchange Rate | Time | Specialty |
|---|---|---|---|---|---|
💳 Wise#1 International Transfers | ★4.9 | $9.10 | Excellent | 0-2 business days | Real exchange rateTransparent fees |
🚀 Revolut Travel Neobank | ★4.4 | $23.00 | Good | 1-3 business days | Multi-currency accountTravel card |
🏛️ N26 Mobile Bank | ★4.1 | $42.00 | Fair | 2-5 business days | 100% Mobile BankNo foreign transaction fees |
📊 XE Money Currency Exchange | ★4.3 | $10.00 | Excellent | 1-4 business days | Real-time ratesRate alerts |
🏦 Remitly Migrant Transfers | ★4.2 | $34.90 | Good | 0-3 business days | Cash deliveryBank transfers |
⚡ TransferGo Express Transfers | ★4 | $30.00 | Good | 30 min - 2 days | Express transfersMobile payment |
💱 Currencies Direct Traditional Broker | ★4.1 | $5.00 | Excellent | 1-3 business days | Currency brokerRegular transfers |
💡 Our Advice
Wise remains the optimal choice for transfers to the Philippines thanks to its transparent fees and real exchange rate.Revolut and N26 are excellent for daily management, but less competitive for international transfers.
Detailed Bank Comparison
Complete analysis to help you make the best choice
Wise#1 Recommended
The global standard for international money transfers. Wise uses the real exchange rate with no markup and offers ultra-competitive fees.
Pros
- Mid-market exchange rate
- Very transparent and competitive fees
- Fast and secure transfers
- Excellent mobile app
- Responsive customer support
- Global availability in 70+ countries
Cons
- No physical branches in Philippines
- Limits on some transfer types
Key Features
Revolut
Popular European neobank with modern features, but less optimized for international transfers than Wise.
Pros
- Modern and intuitive interface
- No fees on weekday exchanges
- Integrated crypto features
- Excellent for travelers
- Real-time notifications
Cons
- Hidden fees on international transfers
- Customer support sometimes hard to reach
- Less specialized in transfers
- Limits on free accounts
Key Features
N26
German neobank focused on mobile experience, but with less competitive international fees.
Pros
- Clean and modern design
- No hidden fees in Europe
- Fast account opening
- Budgeting features
Cons
- High fees for non-SEPA transfers
- Less competitive exchange rates
- Limited customer support
- Not optimized for Philippines
Key Features
XE Money
Currency exchange specialist with excellent rates, particularly suitable for large transfers.
Pros
- Recognized currency expertise
- Competitive rates for large amounts
- Market analysis tools
- Specialized customer service
Cons
- High fixed fees for small amounts
- Less modern interface
- Fewer delivery options
- Sometimes long delays
Key Features
Remitly
Specialized in transfers to developing countries with a large network of local partners.
Pros
- Large cash pickup network in Philippines
- Cash delivery option
- First transaction often free
- Simple and clear interface
Cons
- Less advantageous exchange rates
- Fees vary by delivery method
- Customer service sometimes slow
Key Features
TransferGo
European neobank specialized in fast transfers, but with limited presence in Asia.
Pros
- Very fast transfers (30 minutes)
- Transparent fixed fees
- Good European coverage
- Intuitive app
Cons
- Less present in Philippines
- Exchange rate markup
- Limited options outside Europe
- Basic customer service
Key Features
Currencies Direct
Traditional currency broker with personalized service, ideal for large and regular transfers.
Pros
- Personalized service with advisor
- Excellent for large amounts
- Risk management tools
- No fees on large transfers
Cons
- High minimum amount
- Less suitable for small sums
- Less modern interface
- Longer process
Key Features
Western Union
The historic leader in money transfers with the largest global network, but high fees.
Pros
- Huge network in the Philippines
- Immediate pickup available
- Established and recognized service
- Presence in rural areas
Cons
- High fees
- Unfavorable exchange rate
- Dated user interface
- Wait times at counters
Key Features
MoneyGram
Direct competitor to Western Union with a more modern service and slightly more competitive fees.
Pros
- Good network in Philippines
- Functional mobile app
- Varied delivery options
- Frequent promotions
Cons
- Competitive fees but not the best
- Exchange rate markup
- Variable customer service
Key Features
Why do we recommend Wise?
After testing all solutions, Wise stands out as the obvious choice for your transfers to the Philippines.
Real Savings
Up to 85% savings compared to traditional banks
Speed
Transfers in 0-2 business days, often same day
Security
Regulated in 70+ countries, 13 million customers
Partnership link - You support our work at no extra cost
Frequently Asked Questions
Why is Wise cheaper than traditional banks?
Wise uses the real market exchange rate (the one you see on Google) with no markup, unlike banks that apply a 2-4% surcharge. Additionally, their fixed fees are transparent and highly competitive.