Wise vs Remitly: which sends more pesos home?
Same dollars, different pesos — because each provider takes its cut differently:Wise (converts at the mid-market rate; the fee is the whole cost.) versus Remitly (Economy) (no visible fee; cost is in the exchange-rate margin. promo rates for new users are better than shown.) Below is the honest math at three common transfer sizes, using rates sampled2026-08-11 against a ₱58/$ mid-market rate.
The short answer
Wise delivers about ₱194 more per $500 transfer.
On a monthly $500 remittance, choosing Wise over Remitly keeps roughly $40/year in the family instead of in fees — at these sampled rates. Remitly can still win on delivery options that matter to your recipient.
| You send | Wise delivers | Remitly delivers | Difference |
|---|---|---|---|
| $200 | ₱11,455 | ₱11,426 | ₱29 |
| $500 | ₱28,759 | ₱28,565 | ₱194 |
| $1000 | ₱57,600 | ₱57,130 | ₱470 |
Wise
- Fee structure
- $1.4 + 0.55%
- FX margin
- 0%
- Delivery
- PH banks, GCash, Maya — typically within hours
Remitly (Economy)
- Fee structure
- none visible
- FX margin
- 1.5%
- Delivery
- Banks, GCash, cash pickup — 3–5 days on Economy
Rates and promos change constantly — treat this as the cost structure, then confirm live quotes before sending. Try your exact amount in the Remittance Fee Comparator, and see the full decision guide in Cheapest Ways to Send Money to the Philippines.