Transferwise which I use is about a 1% cost that includes both the fee and XE rate difference when deposited to my local Php account. Transaction time was 7 hours last Friday(banks closed here).
Chuck
Transfer Wise works for me too. 2 hrs is the shortest time my transfer deposited into our PhP account at a good conversion rate and service fee. So no reason for me to look elsewhere to transfer money from my U.S. bank into our PhP account. No need to fix what ain't broke.
I know others have better money management and transfer services, but I'm ok with mine. Changing things now is just not what I want do. I prefer banking locally where other banks are just far too few and far in between.
I've been with my U.S. bank since 1967 at age 19 when I joined the military. Our local BPI bank we've had for 20 yrs now and is just walking distance from where we live and there are half a dozen other branches within a 2 to 5 mile radius. I just like the long time reliable service they have provided all these years.