August 2026 OFW remittances: cash sent home by overseas Filipinos reached US$3.035 billion, 1.9% more than the US$2.977 billion of August 2025, according to the data table the Bangko Sentral ng Pilipinas (BSP) released on October 15, 2026. From January to August, cash remittances came to US$23.424 billion, up 2.2% from US$22.909 billion a year earlier.
| August 2026 | Level | Change year on year |
|---|---|---|
| Cash remittances, month | US$3.035 billion | +1.9% |
| Cash remittances, January to August | US$23.424 billion | +2.2% |
| Personal remittances, month | US$3.372 billion | +2.0% |
| Personal remittances, January to August | US$26.098 billion | +2.3% |
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Lower than July, higher than a year ago
August’s US$3.035 billion is below July’s US$3.240 billion, the largest monthly total of 2026 so far, and above every month from February to May. Seasonally adjusted, personal remittances were US$3.380 billion, 0.1% above July. Cash remittances are the money workers send through the banking system; personal remittances add money sent through informal channels and in kind.
| Month, 2026 | Cash remittances | Change year on year |
|---|---|---|
| June | US$3.039 billion | +1.7% |
| July | US$3.240 billion | +1.9% |
| August | US$3.035 billion | +1.9% |
Land-based and sea-based workers
Land-based workers sent US$2.404 billion in cash remittances in August and sea-based workers US$631.1 million, according to the BSP’s country table. For January to August, the split was US$18.749 billion from land-based and US$4.675 billion from sea-based workers.
Source: Bangko Sentral ng Pilipinas ↗ ·
Once the padala lands
For what banks and e-wallets charge to move a padala (money sent home) once it reaches a Philippine account, see transfer fees and InstaPay. For money arriving from abroad into a wallet or bank, see PayPal to GCash and the SWIFT and BRSTN codes a sender needs. If the money is meant to sit and earn, compare digital bank savings interest rates.