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Find the best ways to send money to the Philippines from Malaysia

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Compare 5 providers for a 5,000 MYR transfer from Malaysia to the Philippines

Results updated 22 days ago.

For the most up-to-date and accurate results, start a new search

One provider

  • Best deal
    WorldRemit
    7.8
    Over 4 million users
    Over +24,000 pick up locations across Philippines
    Next day

    Recipient gets

    • Pay by: Debit card

      62,425 PHP

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.

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How to send money from Malaysia to the Philippines at the best rate?

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.

Two other options could also be good alternatives to WorldRemit: Wise and InstaReM.

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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Monito's Recommendations for Sending Money from Malaysia to the Philippines

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Malaysia to the Philippines:

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Best Ways to Send Money from Malaysia to the Philippines

How To Send Money From the Philippines to Malaysia

If you're sending money from Malaysia to the Philippines, you'll have two main options. One will be to go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service.

1 — How to Transfer Money From Malaysia to the Philippines Online

Using an online international money transfer service is the fastest and cheapest way to transfer money from Malaysia to the Philippines. There are several top online transfer platforms that offer MYR to PHP transfers, including:

In general, money transfer services are the best way to send money abroad not only because they're the cheapest, but also because they're usually the fastest and easiest to use options out there. Find out more about money transfer services here.

2 — Bank Transfers From Malaysia to the Philippines

Using your bank — whether it be Maybank, CIMB, UOB, or any other — is indeed a reliable option for sending money from your bank account to a bank account in the Philippines. However, it's very expensive and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps along the way.

In fact, sending money from Malaysia to the Philippines with Maybank, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. It's for this reason that we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers in our in-depth guide.

3 — Send Money to the Philippines via a Mobile Wallet

When sending money to the Philippines, you can also use an online transfer platform to send money to many of the most popular mobile wallet apps. These include sending money to GCash, PayMaya, ShopeePay, Coins.ph, and GrabPay.

For this purpose, we particularly recommend WorldRemit. The online money transfer platform will allow you to send MYR to a mobile money PHP account, whether it's with GCash, PayMaya, ShopeePay, Coins.ph, or GrabPay:

4 — Google Pay Malaysia to the Philippines

A lot of people wonder whether or not they can use Google Pay to send money from Malaysia to the Philippines. Unfortunately, it's not yet possible to send money this way at this time, as Google Pay only supports international money transfers from the US.

5 — How to Transfer Cash to the Philippines

To send money abroad for cash pickup, there are many options available. Among those that performed well on Monito's comparison engine over the course of the last year were Remitly (cheapest on 20% of searches for cash pickup globally), WorldRemit (cheapest on 14%), and MoneyGram (cheapest on 5% of total transfers.)

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WorldRemit offers a fast and cost-effective way to send money to a cash pickup location in the Philippines. As many as 95% of WorldRemit cash pickup transfers to the Philippines are available to collect in three minutes.⚡

Online Money Transfers to the Philippines From Malaysia

Would you describe yourself as tech-savvy? Then you'll find online money transfers very handy. The good news is that you could get more Philippine pesos for your ringgits by switching to one of the online money transfer providers, for example, WiseSkrillInstarem, or WorldRemit to name a few.

In the 21st century, an online money transfer is the equivalent of wiring money — only it's much cheaper and easier! With online money providers, you can send money via your mobile phone, laptop, or tablet with just a few clicks. There's no need to go to a bank or money transfer physical location. They offer much better MYR-PHP exchange rates than banks and low and transparent fees. Compare your options in the list above to find the fastest, best rated, or cheapest option to send money to the Philippines. 

Make sure to compare all providers before every transfer from Malaysia to the Philippines to get the best MYR-PHP exchange rate every time.

The Cheapest Way to Send Money From Malaysia to the Philippines

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically very expensive options when you factor in all fees (which include hidden exchange rate margin fees).

As we mentioned above, 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 or Paypal. Their fees depend on various factors:

  • Pay-in options: Credit card, bank transfer, cash payment, etc.
  • Amount transferred from Malaysia to the Philippines: The cheapest operator will not necessarily be the same for a transfer of RM 500 and a transfer of RM 5,000.
  • Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
  • Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to the Philippines. You should check out Monito’s live comparison tool with dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to the Philippines From Malaysia

It comes as no surprise that the speed of your transfer depends on the method you choose to send your money from Malaysia to the Philippines.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day. 

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found in our guide.

FAQ About Money Transfers to the Philippines From Malaysia

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • You save money on your transfer by selecting the cheapest provider.

  • The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

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Mid-market exchange rate

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.

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