Question 1

What's the best way to send money from Malaysia to Philippines?

Accepted Answer

There are many good choices when it comes to sending money from Malaysia to Philippines. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malaysian Ringgit to PHP money transfers.

We compare different remittance companies to bring you the best options to send money to Philippines from Malaysia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malaysian Ringgit to Philippine Peso money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best exchange rate for your money transfers from Malaysia to Philippines?

Accepted Answer

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Philippines from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to Philippine Peso remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to PHP remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.

Question 3

What's the cheapest way for transferring money to Philippines from Malaysia?

Accepted Answer

One of the most important things to watch out for is hidden fees when sending money to Philippines from Malaysia. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Philippines using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Philippine Peso foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MYR to Philippines exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Philippines from Malaysia.

Question 4

How to send money from Malaysia to Philippines through a bank?

Accepted Answer

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MYR to PHP exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Malaysia to Philippines money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Philippines from Malaysia. They do this by letting you fund your transaction through your local bank account in Malaysia, and by allowing you to choose the payout to be your recipient's bank account in Philippines. But, you are likely to get much better rates and lower fees compared to your bank.

Question 5

What is the fastest way to transfer money from Malaysia to Philippines?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Malaysia to Philippines. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert MYR to PHP. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Philippine Peso. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Malaysia to Philippines money transfers.

Question 6

Which are the best money transfer companies to transfer money to Philippines from Malaysia?

Accepted Answer

The first step in selecting the best money transfer operators for Malaysia to Philippines remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Malaysian Ringgit to Philippine Peso money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Philippines.

Question 7

Step by step guide to send money from Malaysia to Philippines

Accepted Answer

Follow the below easy steps to send money to Philippines from Malaysia.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Malaysia bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in Philippines).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your MYR to PHP remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 MYR	14.22 PHP
5 MYR	71.11 PHP
10 MYR	142.23 PHP
25 MYR	355.57 PHP
50 MYR	711.14 PHP
100 MYR	1,422.27 PHP
150 MYR	2,133.40 PHP
200 MYR	2,844.54 PHP
250 MYR	3,555.67 PHP
300 MYR	4,266.81 PHP
400 MYR	5,689.08 PHP
500 MYR	7,111.35 PHP
600 MYR	8,533.62 PHP
700 MYR	9,955.89 PHP
800 MYR	11,378.16 PHP
1,000 MYR	14,222.70 PHP
1,500 MYR	21,334.05 PHP
2,000 MYR	28,445.40 PHP
2,500 MYR	35,556.75 PHP
3,000 MYR	42,668.10 PHP
4,000 MYR	56,890.80 PHP
5,000 MYR	71,113.50 PHP
10,000 MYR	142,227.00 PHP
15,000 MYR	213,340.50 PHP
20,000 MYR	284,454.00 PHP
30,000 MYR	426,681.00 PHP
40,000 MYR	568,908.00 PHP
50,000 MYR	711,135.00 PHP
100,000 MYR	1,422,270.00 PHP

Compare today's MYR to PHP (Malaysian Ringgit to Philippine Peso) exchange rates

Found 7 Remittance Service Providers

All you need to know about Malaysian Ringgit to Philippine Peso money transfers

Latest MYR to PHP Conversion Rates

What's the best way to send money from Malaysia to Philippines?

How to get the best exchange rate for your money transfers from Malaysia to Philippines?

What's the cheapest way for transferring money to Philippines from Malaysia?

How to send money from Malaysia to Philippines through a bank?

What is the fastest way to transfer money from Malaysia to Philippines?

Which are the best money transfer companies to transfer money to Philippines from Malaysia?

Step by step guide to send money from Malaysia to Philippines

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