The cheapest way to send money from Israel to the Philippines often depends on the amount and method of transfer. Options like online money transfer services, such as Wise or Remitly, can offer competitive rates and lower fees than traditional banks. It's a good idea to compare exchange rates and fees before finalizing your choice. Also, check if the recipient can access the funds through a local bank or cash pickup service for added convenience. For the most accurate and up-to-date information, visiting the official websites of these services can help you make the best decision.