Why Christmas Season Matters Most
Best Time to Send Money to the Philippines
15 September 2025
Discover why Christmas is the best time to send money to the Philippines. Learn how holiday remittances from OFWs support families, fuel the economy, and make celebrations more meaningful.
Why Timing Matters When You Send Money to the Philippines
For millions of Filipinos, remittances from loved ones abroad are more than just financial support—they are a lifeline. Every month, Overseas Filipino Workers (OFWs) and migrants help sustain households, fund education, and cover healthcare expenses. But there’s one time of the year when remittances take on an even greater meaning: the Christmas season.
If you’re planning to send money to the Philippines, timing your transfer during the holidays not only helps families celebrate but also maximizes the positive impact on both households and the economy.
The Importance of Remittances in the Philippine Economy
The Philippines is one of the top recipients of remittances worldwide. In fact, remittances account for 8–9% of the country’s GDP, making them a critical driver of economic growth.
According to the Bangko Sentral ng Pilipinas (BSP), personal remittances reached USD 38.34 billion in 2024, marking a record high. These funds sustain millions of families and contribute significantly to national consumption.
When you send money to the Philippines, you’re not just helping your loved ones—you’re also fueling the economy.
How Many OFWs Are Supporting Families Back Home?
There are an estimated 2.16 million OFWs worldwide, many of whom consistently send remittances to their families.
Interestingly, remittance inflows peak in December, when Filipinos abroad send more to cover family celebrations, gift-giving, travel, and essential needs. In December 2024 alone, remittances hit USD 3.38 billion, the highest monthly inflow ever recorded.
This seasonal surge shows why the holidays are the most important time to send money to the Philippines.
Why the Christmas Season Is the Best Time to Send Money to the Philippines
- Meeting Family Needs During the Holidays
Christmas in the Philippines is the longest and most festive in the world. Families depend on remittances to fund Noche Buena celebrations, holiday shopping, school expenses, and travel. Sending money in December ensures loved ones can fully enjoy the season. - Boosting the Economy
When OFWs send money to the Philippines during the holidays, household spending increases. This drives local business growth, creates seasonal jobs, and strengthens community economies. - Record High Transfers in December
Data from BSP confirms that December consistently records the highest remittance inflows of the year. This proves that the holiday season is the most crucial period for families relying on support from abroad. - Faster and Easier with Digital Platforms
Today, more Filipinos abroad are using digital channels to send money to the Philippines. In fact, 75% of OFWs used mobile apps or online services in 2023, making holiday transfers more convenient, faster, and secure than ever before.
What Holiday Remittances Mean for Families
For recipients, holiday remittances are more than financial assistance—they are a gesture of love. Funds received during this season cover:
- Celebrations and traditions – Noche Buena, Simbang Gabi, and gift-giving.
- Essential expenses – groceries, school supplies, and bills.
- Future investments – education savings or small business capital.
When you send money to the Philippines during Christmas, you’re helping families celebrate while also preparing for the year ahead.
Make Your Holiday Remittance Count
The best time to send money to the Philippines is undeniably during the Christmas season. Not only does it help families enjoy the most important holiday of the year, but it also strengthens the national economy and supports community growth.
Thanks to digital remittance platforms, it has never been easier or faster to send money home. So, as the holidays approach, consider sending your support early to ensure your loved ones can celebrate with comfort, joy, and security.
Disclaimer: The views and opinions expressed by the authors in this publication are their own and do not necessarily reflect the views of OTT Remit, OTT Financial Inc., and the OTT Group of Companies. This publication is provided for general information purposes only and should not be considered as exhaustive or comprehensive in covering all aspects of the discussed topics. It is not intended to replace seeking advice from a specialist or professional.
How To Send Money with OTT Remit
Follow three simple steps to send money quickly and securely to loved ones anywhere in the world.
Sign up for an account
Enter your name and phone number to create an account with OTT Remit.
Enter money transfer details
Choose your destination country and select one of three remittance methods: Cash Pickup, Mobile Wallet, or Bank Deposit. Enter your recipient's information.
Pay for your transfer
Complete your remittance by making an INTERAC e-Transfer. It's that easy!
