Remitly vs. Wise: Cheaper USD to PHP Transfers in 2026

Remitly gives a promo rate like 1 USD to 59.08 PHP or even 60.97 PHP for first-timers, but regular rate drops to 56.43 PHP. Wise sticks to mid-market rate, around 58.2850 PHP, with fees from 0.48%. For 1000 USD, Remitly promo gets 59,080 PHP, regular 56,430 PHP. Wise gives 57,547 PHP after 12.66 USD fee. Speed: Remitly express instant but pricier, economy 1-3 days. Wise 60% instant, 95% under 24h. Limits: Remitly up to 100,000 USD, Wise up to 1M USD with discounts over 25k.