Wise is the cheapest way to send money to Philippines, giving your recipient 484,140.84 PHP from RM31,525.
If you need money fast, we suggest using Xe, your PHP transfer will arrive in minutes - 24 hours.
| 4 of 4 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze MYR/PHP exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/PHP transfersAll money transfer offers for MYR/PHP transfers, sorted by most PHP received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 254.60 1 MYR = 15.4824 PHP | Recipient gets ₱484,140.84 Within a week | |
Ways to receive money in Philippines with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer RM 254.601 MYR = 15.4824 PHP ₱484,140.84You payRM 31,525.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 15.3326 PHP | Recipient gets ₱483,360.21 Minutes - 24 hours | |
Ways to receive money in Philippines with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 15.3326 PHP ₱483,360.21You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to Philippines deals for 31,525 MYR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to PHP rates. | |||
Run a live search These companies offer multi-currency accounts for spending PHP. We suggest doing a live search based on how much MYR you're planning to spend in Philippines. | |||
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Wise Pay via Bank transfer | Fee RM 254.60 1 MYR = 15.4824 PHP | Recipient gets ₱484,140.84 Within a week | |
Ways to receive money in Philippines with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer RM 254.601 MYR = 15.4824 PHP ₱484,140.84You payRM 31,525.00 | |||
| Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 15.3326 PHP | Recipient gets ₱483,360.21 Minutes - 24 hours | |
Ways to receive money in Philippines with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 15.3326 PHP ₱483,360.21You payRM 31,525.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee RM 5.00 1 MYR = 15.2862 PHP | Recipient gets ₱481,820.08 Minutes - 2 days | |
Ways to receive money in Philippines with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 2 days RM 5.001 MYR = 15.2862 PHP ₱481,820.08You payRM 31,525.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.0000 PHP +0.27% vs mid-market | Recipient gets ₱0.00 Minutes - 24 hours | |
Ways to receive money in Philippines with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.0000 PHP ₱0.00You payRM 31,525.00 | |||
Transfer details
I suggest starting with Wise which is the cheapest option for sending RM31,525.
There are a few ways to fund your transfer, including bank transfer and debit card.
DuitNow and FPX are most common, both free and instant from your banking app.
This is for funding your money transfer account, not direct transfers to Philippines.
First time round you'll need your IC, or a passport and permit if you're a foreign worker.
Run a new recipient's account through Semak Mule before you send to confirm their details.
There are 5 ways across 4 money transfer services send money from Malaysia to Philippines.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 254.6 and % markup to send MYR 31,525 and your recipient gets ₱484,140.84 in within a week.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Philippines.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/PHP exchange rate.
You get an account manager to handle your transfer, and it’s useful for things like home purchases in Philippines, tuition fees, or moving savings from Malaysia to Philippines.
Holding multiple balances
A multi-currency account is useful if you receive income from Philippines, or travel there often.
Wise lets you hold MYR and PHP in one account, and convert between them when you need.
When converting MYR to PHP, 31,525 MYR will get you 484,140.84 PHP (after fees).
With Wise, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 31,525 gives your recipient 484,140.84 PHP.
You can fund your transfer in MYR through bank transfer and debit card.
The processing fee may include SST, so double check the final PHP amount first.
The recipient can receive PHP through bank deposit and cash pickup.
They can receive money directly to the bank or card
For a card and bank deposit, you will need the recipient's account name, account number and bank details in Philippines.
Double check the info, since its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
₱484,141
Cheapest
You pay RM31,525.00
₱481,820
-₱2,321
Here are a few things to know about money transfers from Malaysia to Philippines.
For a RM 31,525 transfer, these are the best options:
Cheapest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 484,140.84 PHP, which is 0.16% more than the next best option.
Fastest - Xe, funded by bank transfer with bank deposit for the payout. Your recipient gets 483,360.21 PHP in minutes - 24 hours.
Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.
Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.
Bank Negara Malaysia keeps the current FEP rules and notices here.
A bank or licensed money services business can ask what the payment is for and where the money came from.
Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.
For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.
Only use a bank or money transfer service regulated by Bank Negara Malaysia.
Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.
If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.
The exchange rate affects how many Philippine Pesos your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 15.49808 PHP
Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.
We track 4 of them on MYR to Philippines, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.
Each also goes through our review.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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