🏴→🇵🇭
Send Money from Scotland to Philippines
Scottish businesses and exporters paying Philippines suppliers. Send GBP from Scotland, receive PHP in Philippines with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local PHP delivery = no correspondent bank fees
Save £2,220 per £100k Payment
Scotland to Philippines corridor savings
Traditional Bank
£2,725
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local GBP collection
- ✓ Transparent 0.5% spread
- ✓ InstaPay
Your Savings
81%
£2,220 per £100k
At £300k-£3M monthly, save £5,556/year
Sending from Scotland: What You Need to Know
GBP Origin Specifics
- Scotland uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
Paying Suppliers in Philippines: Compliance & Requirements
Regulatory Considerations
- Bangko Sentral ng Pilipinas FX regulations
- Bureau of Customs documentation
- VAT (12%) on imports
- BSP reporting requirements
Payment Best Practices
- Philippines = Electronics manufacturing, BPO hub
- InstaPay fastest for PHP payments under ₱50k
- Metro Manila + Cebu = Main business centers
- English widely spoken - easy communication
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via InstaPay
Scotland → Philippines Corridor Insights
Popular Industries
- Electronics
- Garments
- BPO Services
Peak Trading Hours
GMT to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send GBP from Scotland to Philippines?
Save 81% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB