RateRunnertransfer cost ledger

Corridor EUR → PHP · Euro to Philippine peso

What does it cost to send euros to the Philippines?

On 15 October 2026, the most a recipient in the Philippines got for 1,000 EUR was 70,153.69 PHP via Wise: a true cost of 7.32 EUR (0.73%) including fee and rate markup. The last of 11 quotes cost 6.11%.

Declaration · Form RR-1

Between 10 and 1,000,000. Snapshot bands: 200 / 1,000 / 5,000; other amounts are fetched live.

Quotes are indicative and come from Wise public comparison data, which lists Wise alongside banks and other services. Ranking is always by what the recipient gets.

Transfer cost receipt · EUR → PHP

Most to the recipient: Wise transfer service

You send
1,000.00 EUR
Upfront fee
−7.32 EUR
Amount converted
992.68 EUR
Rate given
70.6710
Mid-market when quoted
70.6710
Exchange-rate markup inside the rate
0.00 EUR 0.00%
True total cost
7.32 EUR 0.73%
Recipient gets
70,153.69 PHP

Picking the last quote in this ledger (Sparkasse) instead would leave the recipient 3,755.44 PHP short.

Snapshot indicative quotes retrieved 15 Oct 2026, 14:56 UTC. Quote collected 15 Oct 2026, 14:56 UTC; provider delivery estimate ~24 h. Source: Wise public comparison data.

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Every quote for 1,000 EUR → PHP

Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.

ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Wiseservice 7.32 EUR 0.00% 7.32 EUR 0.73% 70,153.69 PHP best
2. Instaremservice 0.00 EUR 0.85% 8.49 EUR 0.85% 70,118.87 PHP −34.82 PHP
3. WorldRemitservice 2d old 0.00 EUR 0.92% 9.23 EUR 0.92% 70,066.23 PHP −87.46 PHP
4. Remitlyservice 0.99 EUR 1.14% 12.34 EUR 1.23% 69,846.19 PHP −307.50 PHP
5. Western Unionservice 2.99 EUR 0.96% 12.59 EUR 1.26% 69,828.53 PHP −325.16 PHP
6. ABN AMRO Bankbank 11.00 EUR 0.92% 20.15 EUR 2.01% 69,294.56 PHP −859.13 PHP
7. Monesebank 20.00 EUR 0.42% 24.10 EUR 2.41% 69,014.83 PHP −1,138.86 PHP
8. Xoomservice 2.99 EUR 3.13% 34.23 EUR 3.42% 68,298.20 PHP −1,855.49 PHP
9. OFXservice 10.00 EUR 4.06% 50.23 EUR 5.02% 67,167.30 PHP −2,986.39 PHP
10. PayPalservice 3.99 EUR 5.47% 58.44 EUR 5.84% 66,586.15 PHP −3,567.54 PHP
11. Sparkassebank 2d old 50.00 EUR 1.17% 61.10 EUR 6.11% 66,398.25 PHP −3,755.44 PHP
Set aside, not ranked (3): see methodology
Moneygramcollected 50 h before retrieval0.90 EUR0.51%——70,292.80 PHP—
BNP Paribascollected 141 h before retrieval0.00 EUR1.42%——69,715.45 PHP—
UniCreditcollected 56 h before retrieval15.25 EUR3.07%——67,499.67 PHP—

Does the cheapest option change with the amount?

Best and worst true cost by amount, EUR → PHP. Retrieved 15 Oct 2026, 14:56 UTC.
You sendMost to recipientBest costWorst costRecipient gets (best)Gap best vs worstQuotes
200 EUR Instarem 0.70% 22.17% 14,044.94 PHP 3,036.81 PHP 11
1,000 EUR Wise 0.73% 6.11% 70,153.69 PHP 3,755.44 PHP 11
5,000 EUR Wise 0.66% 5.54% 351,039.11 PHP 17,041.40 PHP 10

What the EUR → PHP numbers show

  • The provider that delivers the most changes with the amount: Instarem at 200.00 EUR, Wise at 1,000.00 EUR, Wise at 5,000.00 EUR. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
  • At 200.00 EUR, true cost ranged from 0.70% (Instarem) to 22.17% (Sparkasse); the recipient would get 3,036.81 PHP less with the last quote than with the first.
  • Banks listed for this corridor averaged 3.51% in true cost at 1,000.00 EUR, against 2.41% for non-bank transfer services; on average 27% of the banks' cost sat inside the exchange rate rather than in a stated fee.
  • 2 of 11 quotes at 1,000.00 EUR charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
True cost as a share of 1,000 EUR, EUR → PHP, by provider (lower is better). Retrieved 15 Oct 2026, 14:56 UTC. Wise 0.73% Instarem 0.85% WorldRemit 0.92% Remitly 1.23% Western Union 1.26% ABN AMRO Bank 2.01% Monese 2.41% Xoom 3.42% OFX 5.02% PayPal 5.84% Sparkasse 6.11% grey = upfront fee · red = exchange-rate markup · share of 1,000 EUR
True cost as a share of 1,000 EUR, EUR → PHP, by provider (lower is better). Retrieved 15 Oct 2026, 14:56 UTC.

How does the quoted mid-market rate compare with the ECB reference?

The European Central Bank reference rate for EUR/PHP on 15 October 2026 was 70.6930. The mid-market rate implied by the top quote at its collection time was 70.6710, a difference of −0.03%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.

Every quote for 200 EUR → PHP

Retrieved 15 Oct 2026, 14:56 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Instaremservice 0.00 EUR 0.70% 1.40 EUR 0.70% 14,044.94 PHP best
2. WorldRemitservice 2d old 0.00 EUR 0.92% 1.85 EUR 0.92% 14,013.25 PHP −31.69 PHP
3. Wiseservice 2.24 EUR 0.00% 2.24 EUR 1.12% 13,975.90 PHP −69.04 PHP
4. Remitlyservice 0.99 EUR 1.14% 3.25 EUR 1.63% 13,913.87 PHP −131.07 PHP
5. Monesebank 4.00 EUR 0.42% 4.82 EUR 2.41% 13,802.97 PHP −241.97 PHP
6. Western Unionservice 2.99 EUR 0.96% 4.89 EUR 2.44% 13,798.17 PHP −246.77 PHP
7. Xoomservice 2.99 EUR 3.13% 9.16 EUR 4.58% 13,495.78 PHP −549.16 PHP
8. ABN AMRO Bankbank 11.00 EUR 0.92% 12.75 EUR 6.37% 13,242.34 PHP −802.60 PHP
9. PayPalservice 3.99 EUR 5.47% 14.71 EUR 7.35% 13,103.83 PHP −941.11 PHP
10. OFXservice 10.00 EUR 4.06% 17.72 EUR 8.86% 12,890.69 PHP −1,154.25 PHP
11. Sparkassebank 2d old 42.50 EUR 1.17% 44.34 EUR 22.17% 11,008.13 PHP −3,036.81 PHP
Set aside, not ranked (3): see methodology
Moneygramcollected 50 h before retrieval0.90 EUR0.51%——14,007.90 PHP—
BNP Paribascollected 141 h before retrieval0.00 EUR1.42%——13,943.09 PHP—
UniCreditcollected 56 h before retrieval15.25 EUR3.07%——12,663.68 PHP—

Every quote for 5,000 EUR → PHP

Retrieved 15 Oct 2026, 14:56 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Wiseservice 32.77 EUR 0.00% 32.77 EUR 0.66% 351,039.11 PHP best
2. Instaremservice 0.00 EUR 0.85% 42.44 EUR 0.85% 350,594.37 PHP −444.74 PHP
3. WorldRemitservice 2d old 0.00 EUR 0.92% 46.17 EUR 0.92% 350,331.17 PHP −707.94 PHP
4. Western Unionservice 2.99 EUR 0.96% 51.13 EUR 1.02% 349,980.29 PHP −1,058.82 PHP
5. ABN AMRO Bankbank 11.00 EUR 0.92% 57.13 EUR 1.14% 349,555.66 PHP −1,483.45 PHP
6. Remitlyservice 0.99 EUR 1.14% 57.81 EUR 1.16% 349,507.82 PHP −1,531.29 PHP
7. Monesebank 100.00 EUR 0.42% 120.50 EUR 2.41% 345,074.13 PHP −5,964.98 PHP
8. Xoomservice 2.99 EUR 3.13% 159.58 EUR 3.19% 342,310.30 PHP −8,728.81 PHP
9. OFXservice 0.00 EUR 3.25% 162.43 EUR 3.25% 342,109.33 PHP −8,929.78 PHP
10. PayPalservice 3.99 EUR 5.47% 277.13 EUR 5.54% 333,997.71 PHP −17,041.40 PHP
Set aside, not ranked (3): see methodology
Moneygramcollected 50 h before retrieval0.90 EUR0.51%——351,717.31 PHP—
BNP Paribascollected 141 h before retrieval0.00 EUR1.42%——348,577.25 PHP—
UniCreditcollected 56 h before retrieval15.25 EUR3.07%——341,679.58 PHP—

What to check before paying out in Philippines

In the Philippines, transfers to banks and e-wallets usually settle over InstaPay (real-time, lower-value) or PESONet (batch). E-wallet and cash pickup payouts are common and can carry different fees from bank deposits. Source: Bangko Sentral ng Pilipinas: National Retail Payment System.

Read next

Questions people ask

Which provider gave the most for 1,000 EUR sent to Philippines?
Wise, with 70,153.69 PHP delivered, in the snapshot retrieved 15 Oct 2026, 14:56 UTC. Its upfront fee was 7.32 EUR and its rate markup 0.00%.
How much of the cost of sending EUR to PHP is hidden in the exchange rate?
For the 11 quotes on 1,000 EUR, rate markups ranged from 0.00% to 5.47% of the amount converted. 2 quotes charged no upfront fee but still had a markup above 0.5%.
How current are these EUR to PHP quotes?
RateRunner retrieved them on 15 Oct 2026, 14:56 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.

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