Best companies for PHP/MYR transfers
4 of 4 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze PHP/MYR exchange rates from our comparisons. This page updates weekly. We collect, store, and analyze PHP/MYR exchange rates from our comparisons.
Based on 14,700 PHP transfer Best companies for PHP/MYR transfers All money transfer offers for PHP/MYR transfers, sorted by most MYR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. All money transfer offers for PHP/MYR transfers, sorted by most MYR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee ₱61.17 1 PHP = 0.0648 MYR -0.01% vs mid-market	Recipient gets RM 948.70 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer ₱61.171 PHP = 0.0648 MYR RM 948.70You pay₱14,700.00
Run a live search Showing top Philippines to Malaysia deals for 14,700 PHP. 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 PHP to MYR rates.
Run a live search These companies offer multi-currency accounts for spending MYR. We suggest doing a live search based on how much PHP you're planning to spend in Malaysia.
Run a live search These are managed services with real human support for large PHP transfers. Click the link and update the transfer amount to get the best deal.
Wise Pay via Bank transfer	Fee ₱61.17 1 PHP = 0.0648 MYR -0.01% vs mid-market	Recipient gets RM 948.70 Within minutes
25 reviews CheapestUsing Bank transfer with Wise is the cheapest way to send money to Malaysia from Philippines. Using Bank transfer with Wise is the cheapest way to send money to Malaysia from Philippines. FastestWise with Bank transfer deposit is the fastest way to send PHP to Malaysia. Wise with Bank transfer deposit is the fastest way to send PHP to Malaysia. RecommendedBased on our editorial reviews, Wise is our recommended way to send money from Philippines to Malaysia. Based on our editorial reviews, Wise is our recommended way to send money from Philippines to Malaysia. Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer ₱61.171 PHP = 0.0648 MYR RM 948.70You pay₱14,700.00
Send Money Between PayPal Accounts PayPal App (P2P Transfer) Pay via Bank transfer	Fee ₱588.00 1 PHP = 0.0609 MYR +6.00% vs mid-market	Recipient gets RM 859.56 Minutes
0 reviews
Ways to receive money in Malaysia with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes ₱588.001 PHP = 0.0609 MYR RM 859.56You pay₱14,700.00
Send cash via a MoneyGram agent MoneyGram Agent Pay via Bank transfer	Fee ₱588.00 1 PHP = 0.0609 MYR +6.00% vs mid-market	Recipient gets RM 859.56 Minutes - 3 days
0 reviews
Ways to receive money in Malaysia with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days ₱588.001 PHP = 0.0609 MYR RM 859.56You pay₱14,700.00
Send cash via a Western Union agent Western Union Agent Pay via Bank transfer	Fee ₱441.00 1 PHP = 0.0603 MYR +7.00% vs mid-market	Recipient gets RM 859.28 Minutes - 5 days
0 reviews
Ways to receive money in Malaysia with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days ₱441.001 PHP = 0.0603 MYR RM 859.28You pay₱14,700.00
How Our Results Work Mid-market rate: 1 PHP = 0.064798 MYR Updates every 60 minutes.

Why compare

PHP/MYR exchange rate

Best ways to pay & receive

Transfer speed

Historic PHP/MYR options

How to send money from Philippines to Malaysia

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is Wise.

On a 14,700 PHP transfer, Wise delivers the most MYR.

This will change depending on how much you actually send, so I suggest running a live search to get the best PHP/MYR rate.

Use the filters above if your recipient needs cash rather than a bank deposit.

Fund your transfer

You have 1 ways to pay for the transfer: bank transfer.

Depending on the company, you can use InstaPay which takes seconds to deposit.

Above about a million pesos it goes through PESONet instead, which can take a day.

Verify and send

First time round you'll need a valid ID and your details to match it exactly.

Make sure you do it before you need to send MYR to avoid any delays.

Ways to send money from the Philippines to Malaysia

4 companies send money from the Philippines to Malaysia.

Visa and tuition payments

Online transfers

Online services work well for visa fees, tuition deposits and other payments you need to make before moving abroad.

Wise charges ₱61.17 in fees and 0% markup to send 14,700 PHP.

This will get you 948.7 MYR.

Traveling and spending

Multi-currency accounts

A multi-currency account is useful if you regularly pay tuition, rent or other bills in Malaysia, or if you travel to Malaysia often.

Wise lets you hold PHP and MYR in one account and converts 14,700 PHP with a 0% exchange-rate markup and small fee.

For freelancers

Global accounts

Global accounts help Philippine freelancers and businesses make regular payments to Malaysia.

Payoneer and Wise Business offer international account details, invoicing and batch payments.

Ways to fund PHP and receive MYR in Malaysia

With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending ₱14,700 gives your recipient 948.7 MYR.

To fund the transfer from the Philippines, use bank transfer.

Fund the PHP side through your bank

Use InstaPay for an eligible smaller payment or PESONet when the company supplies bank details.

Both rails send PHP domestically to the company's account before they send it to Malaysia.

GCash and Maya are useful for domestic payments and receiving money, but they do not send MYR to a person in Malaysia.

Your recipient in Malaysia can receive money with a bank deposit.

1

Bank transfer Bank deposit

You pay ₱14,700.00

RM949

Cheapest

Check this before sending PHP to Malaysia

A few things to remember about money transfers from Philippines to Malaysia.

Compare PHP/MYR transfer services

Cheapest way to send money to Malaysia

The cheapest option is Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 948.7 MYR, which is 9.4% more than the next best option.

Fastest way to send money to Malaysia

The fastest option is Wise. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 948.7 MYR, with collection available in within minutes.

A large gift can trigger donor's tax

The Philippines charges 6% donor's tax on total taxable gifts above PHP 250,000 in a calendar year.

The donor pays it, even when the person receiving the money lives abroad.

BIR Form 1800 is due within 30 days of the gift.

This does not make every family payment a taxable donation, but a large personal gift should be checked before sending.

The BIR's Form 1800 guidance explains the threshold, rate and filing deadline.

Philippine payment rails

InstaPay, PESONet, Maya, etc. move PHP between Philippine accounts only.

Some companies allow these as funding methods, but neither can be used to send international transfers to Malaysia.

GCash can be used for international transfers, but it is limited and usually more expensive.

PDIC protection

PDIC protects eligible deposits held with a member bank.

It does not protect a transfer after the money has left your bank or a balance held with a non-bank transfer company.

If a BSP-supervised company does not resolve a complaint, you can escalate it through the BSP Online Buddy.

Live PHP-MYR Exchange Rate

Finding a better PHP to MYR rate

Even a small move in the exchange rate changes how much MYR arrives for your PHP, especially on a larger transfer.

Mid-market rate:1 PHP = 0.064542 MYR

How we analyse the market

We track 4 BSP-supervised companies sending PHP to Malaysia, updated in real time on live searches.

Fees, exchange rates and the deposit and payout options are all compared, and nothing appears here without passing our review.

Most pricing comes from the companies themselves. Where we collect it by hand, the table says so.

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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How to send money to Malaysia from Philippines with the best PHP-MYR rate

Best companies for PHP/MYR transfers

Transfer details