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Understanding the Table:
The comparison table above helps you see the total cost of your Truist Financial currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Truist Financial is a financial services company headquartered in Charlotte, North Carolina, USA. It was formed in December 2019 through the merger of SunTrust Banks, Inc. and BB&T Corporation.
It operates over 2,000 branches across the United States, primarily in the southeastern and mid-Atlantic regions, and also offers online and mobile banking services.
When you get a quote for your foreign wire transfer from Truist Financial on their website, in-app or in-branch, you should make note of the Truist Financial exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, the Truist Financial exchange rate markup for foreign wires is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in the USA charge this type of markup, we make it easy to see how much you can save by using a global money transfer specialist.
The Truist Financial USD to PHP business exchange rate is 51.84. This is -10.3% compared to the latest USD-PHP mid-market rate 57.77.
As Business exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Truist Financial - Business Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Truist Financial and other foreign exchange providers against the latest USD-PHP mid-rate and the possible savings of using various providers.
Looking at the full USD to PHP - Send Money comparison table the provider with the best Business USD to PHP exchange rate is OFX at 57.57, -0.35% from the latest mid-market rate 57.77.
The next best is XE at 57.42, -0.61% from the mid-rate.
Then Wise at 57.39, which is -0.66% from the mid-rate.
The Western Union rate is 57.19 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 52.19 at -9.7% the Wells Fargo Bank rate is 51.84 at -10.3% and the Citibank rate is 54.5 at -5.7% compared to the mid-rate 57.77.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Truist Financial often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
