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:

How To Send Money From the Philippines to Malaysia

When sending money from Malaysia to the Philippines, you can either use your bank—which tends to have high fees—or choose an international money transfer service, which is usually more affordable.

Method 1: Transfer Apps

Using an online money transfer service is the quickest and most affordable way to send money from Malaysia to the Philippines. Several top platforms support MYR to PHP transfers. Overall, these services are not only cheaper but also faster and simpler than other methods.

1. Instarem
2. WorldRemit
3. Skrill
4. WISE

Find out more about money transfer services here.

Method 2: Banks

Using your bank—whether Maybank, CIMB, UOB, or others—is a reliable way to send money to the Philippines, but it’s often costly and slow, taking 2 to 5 business days. This is due to transfers going through the SWIFT network, which adds time and fees.

For example, sending money via Maybank can be about 10% more expensive than using top online money transfer services, so we usually don’t recommend banks for this. Learn more about why online platforms are better than banks for international transfers in our in-depth guide.

Method 3: Mobile Wallets

You can also send money to the Philippines via popular mobile wallets like GCash, PayMaya, ShopeePay, Coins.ph, and GrabPay using online transfer platforms. For this, we especially recommend WorldRemit, which makes it easy to send MYR directly to these mobile money accounts.

Method 4: Google Pay

Many wonder if they can use Google Pay to send money from Malaysia to the Philippines. Unfortunately, this isn’t possible yet, as Google Pay currently only supports international transfers from the U.S.

Method 5: Cash Pickfup

To send money abroad for cash pickup, there are many options available. Among those that performed well on Monito's comparison engine in 2025 was Instarem.

Online Money Transfers to the Philippines From Malaysia

If you’re tech-savvy, online money transfers can make sending ringgits to the Philippines easy and cost-effective. Services like Instarem and WorldRemit offer better exchange rates and lower fees than banks. You can send money quickly from your phone, laptop, or tablet. No need to visit a bank. Use the comparison above to find the fastest, cheapest, or highest-rated option for your transfer.

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

Starting with the priciest options: banks, cash transfers, and apps like PayPal usually have high costs once you include hidden exchange rate margins. The most affordable way to send money internationally is through specialist transfer services, which offer better rates and lower fees. Their charges vary based on several 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’s no surprise that your transfer speed from Malaysia to the Philippines depends on the method you choose. Online services are usually fastest. Instarem can deliver funds the same day, while Skrill and Wise typically take one business day. When choosing the quickest option, also compare exchange rates to avoid a bad deal. Learn more about fast transfers in our guide.