Send Money from United States to Philippines
Businesses in United States paying Philippines suppliers for Electronics. Send USD from United States, receive PHP in Philippines with t+0 (2.3s avg within unicorn network).
Save £2,220 per £100k Payment
United States to Philippines corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local USD collection
- ✓ Transparent 0.5% spread
- ✓ InstaPay
Sending from United States: What You Need to Know
USD Origin Specifics
- USD global reserve currency
- ACH and FedNow available
- FinCEN reporting requirements
Your Local Advantages
- Local USD account available
- ACH (Automated Clearing House) instant collection
- No correspondent bank fees on origin side
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
United States → Philippines Corridor Insights
Popular Industries
- Electronics
- Garments
- BPO Services
Peak Trading Hours
EST (GMT-5) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: USD-PHP Payments
How fast are USD-PHP payments?
USD-PHP payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a USD-PHP transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for USD-PHP transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for USD-PHP?
You get real-time wholesale USD-PHP exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the USD-PHP rate in advance?
Yes, forward contracts are available for USD-PHP payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for USD-PHP payments?
Beneficiary details vary by destination. For Philippines payments, you typically need the recipient's local account details (InstaPay), account number, and beneficiary name. Some destinations may also require local clearing codes.
Ready to Send USD from United States to Philippines?
Save 81% on every payment with t+0 (2.3s avg within unicorn network). Local USD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB