Save Money: Low-Cost Ways to Send Funds to the Philippines from Canada

For the more than 950,000 Filipinos living in Canada, sending money to loved ones back home is more than a routine task—it’s a vital part of supporting families and communities. In fact, according to Bangko Sentral ng Pilipinas (BSP), total personal remittances to the Philippines hit a record $37.21 billion USD in 2023. A significant portion of that comes from countries like Canada, where Filipinos continue to contribute generously.

But with so much money moving across borders, transfer fees and poor exchange rates can eat into the support meant for your family. That’s why choosing the right method to send money to the Philippines from Canada matters. By understanding fee structures, currency conversion rates, and the advantages of digital tools, you can ensure more of your hard-earned money reaches home.

Why Are Some Money Transfer Methods More Expensive Than Others?

When creating your money transfer strategy, it's important to understand how the fees and exchange rates vary across different providers. By carefully selecting your method, you can avoid unnecessary charges and ensure your money goes further. 

What Hidden Fees Do Traditional Banks Charge?

Banks often apply several layers of charges, such as:

• Flat transaction fees: CAD 15–30
• Exchange rate markups: 2%–5% above the mid-market rate
• Correspondent bank fees: CAD 10–25 per transaction

Why Are Digital Providers Often Cheaper?

Fintech companies like ACE Money Transfer reduce costs through:

• Automated digital processing
• Direct partnerships with local banks
• Competitive exchange rate sourcing

What's the Cheapest Way to Remit Money to the Philippines?

To find the most cost-effective option for making a money transfer from Canada to the Philippines, it’s important to compare providers. Online transfer services typically offer better rates and lower fees than traditional methods.

Online Services vs. Banks: A Cost Comparison

When Should You Choose Each Option?

• Digital transfers: Ideal for everyday use
• Bank wires: Best for sending large sums
• Cash pickup: Useful when recipients need quick access to funds

Why Is ACE Money Transfer a Cost-Effective Choice?

ACE Money Transfer is built to maximize your savings. We minimize overhead to pass more value on to you and your recipient.

How Does ACE Money Transfer Keep Your Fees Low?

• Streamlined digital infrastructure
• Bulk currency purchasing
• Transparent and honest pricing

What are Some Special Offers for First-Time Users?

Some special offer for first time users are:

• Zero-fee on your first transfer
• Promotional exchange rates
• $10 referral bonus when you invite friends

How Can Frequent Senders Save Even More?

If you send money online from Canada to the Philippines regularly, you can unlock additional savings through loyalty programs and scheduled transfers.

How Can You Save with ACE Money Transfer’s Subscription Plans?

• 15% discount on all fees
• Priority exchange rates
• Automatic recurring transfers

What Are the Best Times to Send Money?

Based on historical trends:

• Mid-week (Tuesday to Thursday)
• Avoid end-of-month peaks
• Watch for seasonal or holiday promotions

Want to Save More on Every Money Transfer?

ACE Money Transfer has a Trsutpilot review of 4.8 out of 5 which is a true testament of their commitment. Switching to ACE Money Transfer will put money back in your pocket by saving you $150+ annually on transfers of just CAD 300/month. With loyalty rewards and exclusive discounts, your savings grow even faster.

Here’s how ACE Money Transfer’s App helps you keep more of your money:

• Lowest fees guaranteed – More cash reaches your loved ones
• Best exchange rates – Compare in real-time and send at the perfect moment
• Fast, reliable service – Trusted by thousands of Canadians sending to the Philippines

Start Saving in minutes by Downloading the ACE app(Andriod & IOS) now – Your first low-cost transfer is just a few taps away!

FAQs

What is the cheapest way to send money from Canada to the Philippines?

The most affordable way often involves using online money transfer services like ACE Money Transfer, which typically offer lower fees and competitive exchange rates compared to traditional banks or wire transfers.

How can I avoid hidden fees when sending money to the Philippines?

To avoid hidden fees, always check the exchange rate and total cost before confirming the transfer. Choose services that are transparent about their fees and don’t mark up currency conversion rates excessively.

Are digital remittance services safe for sending money to the Philippines?

Yes, reputable digital platforms are secure and regulated. Look for services licensed by financial authorities in both Canada and the Philippines to ensure your funds are protected.

Can I schedule recurring low-cost transfers to the Philippines?

Many online money transfer platforms allow you to schedule recurring payments. This can help you lock in better rates or automate your support for loved ones while saving on repeat transfer fees.

What factors should I consider when choosing a money transfer service?

Consider the transfer fees, exchange rates, delivery speed, recipient options (bank deposit, cash pickup, mobile wallet), and customer reviews. A combination of low cost and high reliability is key.