Send Money from Malaysia to Philippines

There is no single cheapest provider on this corridor — it depends on how much you send and how your recipient is paid. Compare the total amount received in Philippine pesos rather than the advertised fee, since the exchange rate margin is usually the larger cost. Bank deposit is typically cheaper than cash pickup.

Delivery ranges from minutes to a few business days depending on the provider and payout method. Western Union and Instarem can deliver within minutes when you pay by debit card. Bank-funded and economy transfers typically take one to three business days but usually cost less. Transfers sent outside banking hours or over a weekend may not settle until the next working day.

Across the providers we compare, the available payout methods are Maya, bank deposit and cash pickup. The most widely used options in the Philippines are GCash and Maya wallets, bank deposit and cash pickup. GCash has become the default way to receive remittances in the Philippines, with instant delivery to a mobile number. Not every provider supports every method, so check the table above before you commit.

No. Western Union offer cash pickup in the Philippines, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, GCash and Maya wallets, bank deposit and cash pickup generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For MYR to PHP, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Malaysia under Bank Negara Malaysia, which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly RM10,000, a specialist foreign-exchange broker will often beat an app on rate.

Remitly does not operate from Malaysia. Its Malaysian market root returns a 404, as does every Malaysian corridor address tested. If you already use that service, you will need an alternative from the comparison table above for this corridor.

Wise's Malaysian tables carry two funding rows and no others — money already in a Wise account, or a bank transfer. No debit card, no credit card, no Apple Pay or Google Pay. Every other market on this site offers between six and eight. That makes Malaysia the one hub here where how you pay is not a decision: there are two ways in, they are within a few ringgit of each other, and the expensive card routes that cost six to eight times the cheapest method in Hong Kong simply do not exist on this route. Western Union is the only service here naming a specific delay: a first transfer to a recipient at Bank of the Philippine Islands may take up to two hours rather than minutes. That is the provider's own statement and it applies to the first transfer to that recipient, not to every one. Mobile wallet payout in the Philippines can attract cash-out charges applied by the wallet operator rather than the transfer service. Those sit outside every comparison including this one. Instarem is licensed in Malaysia rather than merely serving it: Nium Sdn. Bhd., a Class B Money Service Business licensed by Bank Negara Malaysia, licence 00625, stated on its own pages as valid to January 2028. That is the third market on this site where that check has been done on the provider's own pages, after Singapore and Hong Kong. Remitly does not serve Malaysia outbound. Its Malaysian market root returns a 404, as does every Malaysian corridor address tested. That is the third market after Switzerland and Hong Kong where this provider is simply absent, so these pages carry three services rather than four. Wise quotes its Malaysian tables at 2,000 MYR, not the 1,000 of the local unit it uses on most markets. That is a seventh distinct basis on this site, so a ringgit figure cannot be read against a euro or pound figure elsewhere here without converting first.