Personal
Account
Whether you are buying a property abroad, emigrating, or simply making regular payments overseas, Philipay can help. Transferring funds abroad is easy and secure. Book your currency requirements directly with your dedicated FX specialist or via an online platform and have the funds in the beneficiary account at market beating payment speeds. Opening an account is free and carries no obligation. Our experienced team will assist you to achieve substantial savings on your overseas payments.
- Competitive exchange rates
- No payment fees or hidden costs
- Quick automated transfers
- Dedicated FX specialist providing you with expert market knowledge
- Market beating payments speed
Personal Solutions
Spot Contracts
Buy now, pay now. Same day
delivery where available.
Forward Contracts
Secure today’s rate for a future
payment.
Market Orders
Target a specific exchange
rate.
How it Works
Register For Free
Complete our online registration form in a matter of minutes. There is no obligation to transact and there are no set-up costs.
Secure Your Exchange Rate
Book your payment on the phone or via email with your dedicated FX specialist. Alternatively, you can use the online platform to book payments 24/7.
Send Funds
Settle your currency purchase.
You will be sent confirmation once
your funds are
received.
Payment Sent
Your payment
will be sent to
your
beneficiary.
Frequently asked questions (FAQs)
A personal account with PhiliPay is designed to facilitate cross-border payments and currency conversion for individuals who need to send or receive money between the UK and the Philippines. While the document primarily focuses on corporate services, the same infrastructure supports personal users by offering access to multi-currency accounts and competitive exchange rates for PHP.
Compared to a traditional bank account, PhiliPay offers faster, more affordable cross-border transactions, especially for payments to the Philippines. It provides better exchange rates, lower fees, and streamlined mass payout capabilities, which are not commonly available with regular bank accounts.
PhiliPay emphasizes affordability and competitive rates, especially in currency conversion and transaction fees, suggesting that it is more cost-effective than traditional banking options.
To open a personal account, the document does not list specific required documents. However, as a UK-based regulated fintech company, PhiliPay would typically require standard KYC (Know Your Customer) documents such as a valid ID, proof of address, and possibly income verification or source of funds documentation.
There may be limits on how much you can send, but these limits would likely depend on regulatory requirements and account verification levels, which are standard in fintech platforms.
PhiliPay is licensed and regulated in the UK, which means it operates under the financial laws and oversight of UK financial authorities. This ensures compliance with anti-money laundering (AML) and data protection regulations, providing users with a secure and trustworthy platform.
