RateRunnertransfer cost ledger

Corridor GBP → PHP · British pound to Philippine peso

What does it cost to send British pounds to the Philippines?

On 15 October 2026, the most a recipient in the Philippines got for 1,000 GBP was 83,119.14 PHP via Instarem: a true cost of 6.13 GBP (0.61%) including fee and rate markup. The last of 12 quotes cost 5.78%.

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 · GBP → PHP

Most to the recipient: Instarem transfer service

You send
1,000.00 GBP
Upfront fee
0.00 GBP
Amount converted
1,000.00 GBP
Rate given
83.1191
Mid-market when quoted
83.6314
Exchange-rate markup inside the rate
6.13 GBP 0.61%
True total cost
6.13 GBP 0.61%
Recipient gets
83,119.14 PHP

Picking the last quote in this ledger (PayPal) instead would leave the recipient 4,322.38 PHP short.

Snapshot indicative quotes retrieved 15 Oct 2026, 14:56 UTC. Quote collected 15 Oct 2026, 14:34 UTC. Source: Wise public comparison data.

Confirm the live quote on instarem.com

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Every quote for 1,000 GBP → 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. Instaremservice 0.00 GBP 0.61% 6.13 GBP 0.61% 83,119.14 PHP best
2. WorldRemitservice 2d old 0.00 GBP 0.61% 6.13 GBP 0.61% 83,119.08 PHP −0.06 PHP
3. Wiseservice 5.79 GBP 0.00% 5.79 GBP 0.58% 83,093.88 PHP −25.26 PHP
4. Remitlyservice 0.00 GBP 0.98% 9.84 GBP 0.98% 82,808.52 PHP −310.62 PHP
5. Western Unionservice 1.99 GBP 0.96% 11.55 GBP 1.16% 82,665.24 PHP −453.90 PHP
6. HSBCbank 2d old 0.00 GBP 2.04% 20.39 GBP 2.04% 81,925.80 PHP −1,193.34 PHP
7. Monesebank 20.00 GBP 0.39% 23.78 GBP 2.38% 81,642.79 PHP −1,476.35 PHP
8. Xoomservice 0.00 GBP 3.03% 30.29 GBP 3.03% 81,098.32 PHP −2,020.82 PHP
9. Nationwidebank 15.00 GBP 1.68% 31.51 GBP 3.15% 80,995.83 PHP −2,123.31 PHP
10. OFXservice 7.00 GBP 3.97% 46.41 GBP 4.64% 79,749.67 PHP −3,369.47 PHP
11. Skrillservice 0.00 GBP 4.72% 47.20 GBP 4.72% 79,684.01 PHP −3,435.13 PHP
12. PayPalservice 2.99 GBP 5.50% 57.81 GBP 5.78% 78,796.76 PHP −4,322.38 PHP
Set aside, not ranked (3): see methodology
Moneygramcollected 50 h before retrieval1.49 GBP0.87%——82,780.06 PHP—
Barclayscollected 52 h before retrieval0.00 GBP2.86%——81,239.32 PHP—
Santander UKcollected 50 h before retrieval25.00 GBP3.20%——78,927.36 PHP—

Does the cheapest option change with the amount?

Best and worst true cost by amount, GBP → PHP. Retrieved 15 Oct 2026, 14:56 UTC.
You sendMost to recipientBest costWorst costRecipient gets (best)Gap best vs worstQuotes
200 GBP Instarem 0.61% 9.05% 16,623.83 PHP 1,411.42 PHP 12
1,000 GBP Instarem 0.61% 5.78% 83,119.14 PHP 4,322.38 PHP 12
5,000 GBP Wise 0.54% 5.55% 415,641.59 PHP 20,712.54 PHP 12

What the GBP → PHP numbers show

  • The provider that delivers the most changes with the amount: Instarem at 200.00 GBP, Instarem at 1,000.00 GBP, Wise at 5,000.00 GBP. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
  • At 200.00 GBP, true cost ranged from 0.61% (Instarem) to 9.05% (Nationwide); the recipient would get 1,411.42 PHP less with the last quote than with the first.
  • Banks listed for this corridor averaged 2.52% in true cost at 1,000.00 GBP, against 2.46% for non-bank transfer services; on average 56% of the banks' cost sat inside the exchange rate rather than in a stated fee.
  • 6 of 12 quotes at 1,000.00 GBP 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 GBP, GBP → PHP, by provider (lower is better). Retrieved 15 Oct 2026, 14:56 UTC. Wise 0.58% Instarem 0.61% WorldRemit 0.61% Remitly 0.98% Western Union 1.16% HSBC 2.04% Monese 2.38% Xoom 3.03% Nationwide 3.15% OFX 4.64% Skrill 4.72% PayPal 5.78% grey = upfront fee · red = exchange-rate markup · share of 1,000 GBP
True cost as a share of 1,000 GBP, GBP → 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 GBP/PHP on 15 October 2026 was 83.5500. The mid-market rate implied by the top quote at its collection time was 83.6314, a difference of 0.10%. 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 GBP → 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 GBP 0.61% 1.23 GBP 0.61% 16,623.83 PHP best
2. WorldRemitservice 2d old 0.00 GBP 0.61% 1.23 GBP 0.61% 16,623.82 PHP −0.01 PHP
3. Wiseservice 1.59 GBP 0.00% 1.59 GBP 0.80% 16,582.67 PHP −41.16 PHP
4. Remitlyservice 0.00 GBP 0.98% 1.97 GBP 0.98% 16,561.70 PHP −62.13 PHP
5. HSBCbank 2d old 0.00 GBP 2.04% 4.08 GBP 2.04% 16,385.16 PHP −238.67 PHP
6. Monesebank 4.00 GBP 0.39% 4.76 GBP 2.38% 16,328.56 PHP −295.27 PHP
7. Western Unionservice 1.99 GBP 1.85% 5.65 GBP 2.83% 16,253.74 PHP −370.09 PHP
8. Xoomservice 1.99 GBP 3.38% 8.68 GBP 4.34% 16,000.45 PHP −623.38 PHP
9. Skrillservice 0.00 GBP 4.72% 9.44 GBP 4.72% 15,936.80 PHP −687.03 PHP
10. PayPalservice 2.99 GBP 5.50% 13.82 GBP 6.91% 15,570.31 PHP −1,053.52 PHP
11. OFXservice 7.00 GBP 3.97% 14.66 GBP 7.33% 15,500.19 PHP −1,123.64 PHP
12. Nationwidebank 15.00 GBP 1.68% 18.10 GBP 9.05% 15,212.41 PHP −1,411.42 PHP
Set aside, not ranked (3): see methodology
Moneygramcollected 50 h before retrieval1.49 GBP0.87%——16,457.19 PHP—
Barclayscollected 52 h before retrieval0.00 GBP2.86%——16,247.86 PHP—
Santander UKcollected 50 h before retrieval25.00 GBP3.20%——14,166.45 PHP—

Every quote for 5,000 GBP → PHP

Retrieved 15 Oct 2026, 14:56 UTC. Sorted by what the recipient gets.
ProviderUpfront feeRate markupTrue costCost %Recipient getsvs best
1. Wiseservice 26.89 GBP 0.00% 26.89 GBP 0.54% 415,641.59 PHP best
2. Instaremservice 0.00 GBP 0.61% 30.63 GBP 0.61% 415,595.69 PHP −45.90 PHP
3. WorldRemitservice 2d old 0.00 GBP 0.61% 30.63 GBP 0.61% 415,595.38 PHP −46.21 PHP
4. Remitlyservice 0.00 GBP 0.98% 49.20 GBP 0.98% 414,042.59 PHP −1,599.00 PHP
5. Western Unionservice 1.99 GBP 0.96% 49.88 GBP 1.00% 413,985.53 PHP −1,656.06 PHP
6. Nationwidebank 15.00 GBP 1.68% 98.58 GBP 1.97% 409,912.89 PHP −5,728.70 PHP
7. HSBCbank 2d old 0.00 GBP 2.04% 101.97 GBP 2.04% 409,629.02 PHP −6,012.57 PHP
8. Monesebank 100.00 GBP 0.39% 118.89 GBP 2.38% 408,213.96 PHP −7,427.63 PHP
9. Xoomservice 0.00 GBP 3.03% 151.44 GBP 3.03% 405,491.61 PHP −10,149.98 PHP
10. OFXservice 0.00 GBP 3.05% 152.29 GBP 3.05% 405,420.50 PHP −10,221.09 PHP
11. Skrillservice 0.00 GBP 4.72% 236.00 GBP 4.72% 398,420.05 PHP −17,221.54 PHP
12. PayPalservice 2.99 GBP 5.50% 277.74 GBP 5.55% 394,929.05 PHP −20,712.54 PHP
Set aside, not ranked (2): see methodology
Moneygramcollected 50 h before retrieval1.49 GBP0.87%——414,394.40 PHP—
Barclayscollected 52 h before retrieval0.00 GBP2.86%——406,196.60 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 GBP sent to Philippines?
Instarem, with 83,119.14 PHP delivered, in the snapshot retrieved 15 Oct 2026, 14:56 UTC. Its upfront fee was 0.00 GBP and its rate markup 0.61%.
How much of the cost of sending GBP to PHP is hidden in the exchange rate?
For the 12 quotes on 1,000 GBP, rate markups ranged from 0.00% to 5.50% of the amount converted. 6 quotes charged no upfront fee but still had a markup above 0.5%.
How current are these GBP 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.

Related corridors

Sources