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Best Ways to Send Money from Malaysia to the Philippines

Country from
Country to
You send
To
  • 1,300 MYR =
    15,347 PHP
    2 days
    RM10 off on your first transfer with code MONIMY10
    Best deal
    Monito Score
    8.0
    Go to InstaReM
    RM10 off on your first transfer with code MONIMY10
    You pay
    1,300 MYR
    Payment options
    • Bank transfer 2 days
      6.50 MYR
    • Direct bank payment 2 days
      6.50 MYR
    Exchange rate
    InstaReM's exchange rate (1 MYR = 11.8648 PHP) is 0.28% worse than the mid-market exchange rate, adding 3.59 MYR to the total cost of this transfer.
    3.59 MYR
    15,347 PHP
    arrives in Philippines

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

Our comparison engine found 7 options to send money from Malaysia to the Philippines.

To transfer Malaysian ringgits to a bank account in Philippine pesos in the Philippines, the most competitive provider at the moment is InstaReM, with 6.5 MYR for the transfer fees and a good MYR-PHP conversion rate (currently at 1 MYR = 11.9085 PHP).

Adding the fees and exchange rate margin, the total cost with InstaReM is 10.09 MYR, compared to that, you would pay a total cost of 65.56 MYR (roughly 6x as much) if you were to use PayPal to make the same transaction.

Two other money transfer solutions could also be good alternatives to InstaReM: Wise and WorldRemit.

If your recipient wants to receive Philippine pesos in cash at an agent location in the Philippines, then the most competitive option currently is InstaReM, with 6.5 MYR for the transfer fees and a competitive MYR-PHP exchange rate (currently at 1 MYR = 11.8648 PHP).

This recommendation was updated a few minutes ago.

Last Updated 21 hours ago - Source XE.com
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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

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Questions you may have

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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.

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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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