Fees and rates change all the time, but we’ll do the research and send you an email every two weeks to make sure you always get the best deal.
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Transfers to a bank account
The 3 best options to transfer SGD to a bank account in Philippines
(Exchange rates and all fees included)
Cash pick-up at an agent location
The 1 best options to send SGD for cash pick-up at agent locations in Philippines
Transfers to mobile wallets
The 1 best options transfer money to a mobile wallet in Philippines
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If your recipient wants to receive in his bank account in the Philippines, then the most competitive provider at the moment is WorldRemit, with zero transfer fees and a very competitive SGD-PHP exchange rate (their current exchange rate is 1 SGD = 38.3116 PHP).
When taking the exchange rate and the fees into account, the total cost of your transfer with WorldRemit is 0.3 SGD, but the total cost of your transfer would be 5.82 SGD (which is approximately 19x more) if you selected to use TransferWise for the very same transfer.
If the person you're sending money to wants to get in cash at an agent location in the Philippines, then WorldRemit is at the moment the most competitive option with no transfer fees and a good SGD-PHP exchange rate (current rate: 1 SGD = 38.2123 PHP).
This recommendation was updated a few minutes ago.
Hi! I'm Pascal and I am in charge of making Monito as helpful as possible for you. Don't hesitate to drop me a line if you have a question, if you need help to understand the results or to find the best operator for your transfer.
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.
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. Once you fill out the above form and click on compare, you’ll see a list of all the options to send money between two countries. The cheapest option is at the top, 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.
Monito is not a money transfer company. We’re here to help you find the best way to send money abroad. Just tell us which country you’re sending money from and which country you want to send money to, and we’ll show you a list of all available services. Once you select the best one for your needs, you'll be redirected to their website to get started with your money transfer.
As much as we try to have complete information and to include as many money transfer companies in our results, we sometimes miss a few. In this case, the best solution would be to write us a short message to let us know what’s missing!