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You Send They Receive

Includes Fee

Banks and other providers add a mark-up and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market FX rates sourced directly from Reuters and add absolutely no margins!
Fast & Easy Transfers
Sign up, verify your account and get transacting. The recipient typically gets the money in 1-2 business days.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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A Happy You! Is Why We Do What We Do

Transfer Money To The Philippines at Zero-Margin Rates

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Send Money To Philippines

The steady demand for Filipino workers overseas has seen a rise in remittances to the Philippines. And InstaReM makes money transfers to the Philippines easier than ever. We make international money transfers safe, easy and cost-efficient for individuals and SMEs alike. Unlike banks and other financial institutions, there is no room for FX spreads and outrageous hidden charges on InstaReM. Now, send money to the Philippines at Zero-Margin FX rates and at a fraction of a cost of bank transfers. As safety and transparency are the bedrocks of our organisation, you can track your transfers with timely updates from us, and we make sure your money transfer to the Philippines is a breeze.

Frequently Asked Questions
  • Is it safe to send money to the Philippines through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to the Philippines through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD or HKD to PHP, the fee is 0.5%. For payments from SGD to PHP, the fee is 0.25%. For transfers from MYR to PHP, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to the Philippines through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in the Philippines are covered by InstaReM? InstaReM covers all banks in the Philippines, including BDO, Metrobank, BPI, Landbank, Security Bank, PNB, DBP, Union Bank, RCBC and UCPB, among many others.
  • What details are required to send money to the Philippines?
    1. Name: When sending to individuals in the Philippines, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in the Philippines.
    3. Account no: Beneficiary’s local account number in the Philippines, which ideally contains  9-12 digits. This includes a branch code (3) and the account number (6-9).
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to the Philippines.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for the Philippines here.
  • Can I send money to the bank account of a business based in the Philippines through InstaReM? Yes. You can use InstaReM for business transfers to the Philippines.
  • What are the minimum and maximum limits for sending money to the Philippines through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in the Philippines? We make payouts in PHP and USD only.
  • For what purposes can I send money to the Philippines through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in the Philippines from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in the Philippines
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in the Philippines? No. InstaReM does not support transfers to an email address in Philippines.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America