How to send AUD to PHP
Sending money to the Philippines is crucial for many Filipinos. Remittances support families, pay for education, and improve living standards. As a Filipino living in Australia, you have several options for sending money back home. The popular methods are bank transfers, mobile wallets like GCash, and cash pick-up services. Each method has its benefits and challenges. This guide will help you understand how to send AUD to PHP, use GCash and banks and how cash pick-up services work. You’ll learn the best ways to manage your money and ensure it reaches your loved ones quickly and safely.
Understanding AUD to PHP exchange rates
When you send money to the Philippines, understanding the exchange rate between AUD (Australian Dollar) and PHP (Philippine Peso) is crucial. It’s the key to knowing how much money your recipient will receive. Exchange rates can change daily due to various factors, such as market demand, economic conditions, and political events. By staying informed about these rates, you can make more informed decisions about your remittances, putting you in control of your financial situation.
To get the most value, compare the rates offered by different services. Websites like XE.com and financial institutions like the Bangko Sentral ng Pilipinas (BSP) provide up-to-date exchange rates. Understanding these rates can help you decide the best time to send money.
For example, if the AUD to PHP rate is high, your recipient will get more pesos for each dollar you send. Always keep an eye on these rates to maximise your remittance.
“Understanding the exchange rate can help you get more value for your money. Always compare rates before making a transfer.”
Methods for sending money to the Philippines: AUD to PHP
Sending money to the Philippines is a vital lifeline for many Filipino families. Remittances help pay for education, healthcare, and daily expenses and improve living standards. If you’re looking to send money to the Philippines, there are several reliable methods to consider, each offering different benefits and suited to various needs.
There are three main methods to send money, each with benefits and challenges. Each method should be according to your and the beneficiary’s needs and preferences.
Here’s how generally works send money to Philippines:
👉 Mobile Money
Mobile money is a digital financial service that allows users to store, send, and receive money using mobile phones. It is widely used in the Philippines and provides a convenient and secure way to manage finances without needing a traditional bank account. Mobile money services offer features like peer-to-peer transfers, bill payments, and even access to micro-loans and savings accounts.
What is Gcash?
GCash is one of the most popular mobile money services in the Philippines. It allows users to perform a variety of financial transactions, such as sending and receiving money, paying bills, and purchasing goods and services, all through a mobile app.
GCash is especially useful for sending remittances, providing a quick and cost-effective way to transfer money to family and friends. To know more about Gcash wallet, please read our blog, click here.
How send AUD to PHP with Gcash?
You can use a remittance company in Australia and want to send money to the Philippines using GCash. First, choose a reliable remittance company. Some popular options include Rocket Remit, Remitly and Western Union. These companies offer services that allow you to send money directly to a GCash account.
For example, here are the steps to send money to GCash using Rocket Remit company:
1. Create an account or log in: If you’re using the service for the first time, you must create an account. Otherwise, log in.
2. Select the transfer to mobile wallet option: You can send money to a mobile wallet, specifically GCash.
3. Enter the recipient’s details: Provide the recipient’s full name and GCash mobile number.
4. Enter the amount: Specify how much money you want to send in AUD. The service will show the equivalent amount in PHP and choose payment method you can pay using a bank transfer, debit card, or credit card.
5. Review and Confirm: Double-check all details to ensure accuracy. Confirm the transaction.
Once the transfer is complete, the money will instantly be available in the recipient’s GCash wallet.
“Using remittance companies to send money to GCash is incredibly efficient. It bridges the gap for those who don’t have direct access to a bank account in the Philippines,” says Rocket Remit, a remittance expert.
Other wallets available to send AUD to PHP
In addition to GCash, the Philippines has other popular mobile wallets like GrabPay, PayMaya and Coins.ph.
GrabPay, part of the Grab ecosystem, allows users to pay for rides, food deliveries, and online purchases. It also offers peer-to-peer money transfers and bill payments.
PayMaya is a leading e-wallet in the Philippines, offering a wide range of digital financial services. Users can easily send money, pay bills, purchase mobile loads, and shop online. PayMaya also provides a virtual prepaid card for online shopping and subscriptions, offering flexibility and security for digital transactions.
Coins.ph is another versatile mobile wallet that provides services such as buying loads, paying bills, and transferring money. It also supports cryptocurrency transactions, making it unique among digital wallets. These options offer Filipinos various convenient and secure ways to manage their finances and make transactions.
👉 Bank Transfer
Traditional bank transfers are a reliable method for sending money to the Philippines. You can transfer funds from your Australian bank account to a recipient’s bank account in the Philippines. This method is secure but may involve higher fees and longer processing times than mobile money.
Choosing a reliable remittance company is crucial for sending money to a bank account in the Philippines. Companies like Rocket Remit, MoneyGram, and Wise offer services that allow you to send money directly to a recipient’s bank account in the Philippines. These companies are known for their vast networks and secure transactions.
Here are the steps to send money to a bank account in Philipines using Rocket Remit, money transfer company:
1. Create an account or log in: If you’re using the service for the first time, you must create an account. Otherwise, log in.
2. Select the bank deposit option: Choose the option to send money directly to a bank account.
3. Enter the recipient’s bank details: Provide the recipient’s bank name, account number, and Philippine branch code.
4. Enter the amount: Specify the amount you want to send in AUD. The service will show the equivalent amount in PHP, considering the current AUD to PHP exchange rate and choose the payment method you use a bank transfer, debit card, or credit card.
5. Review and Confirm: Double-check all details to ensure accuracy. Confirm the transaction.
Once the transfer is complete, the money will be deposited directly into the recipient’s bank account in the Philippines.
👉 Cash pick up
Cash pick-up services, provided by companies like Western Union and MoneyGram, allow recipients to collect cash from various locations in the Philippines. This method is ideal for recipients who do not have bank accounts or prefer to receive cash.
Similar to the step-by-step mentioned before, cash pick-up services require the following:
1. Select the cash pick-ip option: Choose the option to send money for cash pick-up.
2. Enter the recipient’s details: Provide the recipient’s full name as it appears on their ID and select the pick-up location in the Philippines.
3. Enter the amount: Specify the amount you want to send in AUD. The service will show the equivalent amount in PHP.
4. Provide the tracking number: Give the recipient the tracking number so they can pick up the money.
Once the transfer is complete, the recipient can collect the cash from the specified location.
To conclude
Sending money to Philippines from Australia offers various methods tailored to fit different needs, whether through bank transfers, mobile wallets, or cash pickups.
Services like Rocket Remit provide flexible, secure, and efficient ways to transfer funds. Each method has benefits, from speed and convenience to low fees and broad accessibility. By understanding and comparing these options, you can effectively ensure that your money reaches its Philippine destination, seamlessly supporting family, friends, or business transactions.
About Rocket Remit
Rocket Remit is the world’s fastest international money transfer service. Send money instantly to over 60 overseas countries at very competitive rates.
Use the country selector to choose the country and check the rate.
Click here for more information on how to send money using Rocket Remit.
Download the Rocket Remit app from Google Play or the Apple Store