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We found 12 money transfer providers available for your transfer to the Philippines from Singapore.
To transfer Singapore dollars to a bank account in Philippine pesos in the Philippines, Remitly currently offer the best deal you can get with zero transfer fees and a good SGD-PHP exchange rate (their current exchange rate is 1 SGD = 38.73 PHP).
In comparison, the total cost of your transfer would be 19.68 SGD (around -1x more expensive) if you selected to use PayPal to make the same transaction.
If your recipient wants to receive Philippine pesos in cash at an agent location in the Philippines, then Remitly is at the moment the most competitive option with no transfer fees and a very competitive SGD-PHP exchange rate (current rate: 1 SGD = 38.73 PHP).
Adding the fees and exchange rate margin, the total cost for a cash transfer with Remitly is -21.68 SGD, in comparison the total cost would be 3.72 SGD if you wanted to use InstaReM to make the same transfer.
This recommendation was updated a few minutes ago.
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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.