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We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.
If the person you're sending money to wants to receive Philippine pesos in his bank account in the Philippines, then WorldRemit is at the moment the most competitive option with competitive fees of 5 MYR and a very competitive MYR-PHP conversion rate (currently at 1 MYR = 12.5352 PHP).
When taking the exchange rate and the fees into account, the total cost of your transfer with WorldRemit is -9.93 MYR, in comparison you would pay a total cost of 255.15 MYR (which is approximately -26x as much) if you selected to use Maybank to make the same transaction.
Cash is the more convenient option for you? We currently compare several money transfer providers able to send Philippine pesos in cash in the Philippines: the cheapest provider currently is WorldRemit, with 5 MYR for the transfer fees and a competitive MYR-PHP exchange rate (their current rate is 1 MYR = 12.4974 PHP).
This recommendation was updated a few minutes ago.
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We recommend using a specialist currency provider for the money transfer from Malaysia to the Philippines. You will get a much better exchange rate and lower fees than at your bank. All the providers for your money transfer from Malaysia to the Philippines you can compare on Monito. You will compare all the fees, hidden conversion costs, and percentage fees that money transfer services charge for your money transfers from Malaysia to the Philippines.
The cheapest way to send money from Malaysia to the Philippines depends on the amount of the transfer, payment method, and pick-up option. The cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks. Use Monito's comparison widget - just say where you want to send money to and how much and we'll give you a ranking of all the money transfer services from the cheapest to the most expensive.
If you look for a cheap, safe, and fast way to send money from Malaysia to the Philippines, consider the services of online money transfer providers. All of them you can compare side-by-side on Monito and find the cheapest way to send money from Malaysia to the Philippines. Here's a step-by-step guide on how to send money from Malaysia to a bank account in the Philippines with a money transfer specialist:
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to the Philippines.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.