Remitting from Malaysia to Philippines

The following table shows how much it costs to remit money from Malaysia To Philippines. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

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Collection period for Third quarter 2009

See prices in PHP | USD

7001760

				Total cost
Firm name	Firm type	Fee (PHP)	Exchange rate margin (%)	Percent (%)	PHP	Transfer speed	Network Coverage	Date
Iremit	MTO	9.00	1.95	3.24	22.68	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	15.00	1.81	3.95	27.65	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	15.00	1.95	4.09	28.63	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	18.00	1.95	4.52	31.64	Same day	Nationwide	Sep 11, 2009
Maybank	Bank	10.00	3.25	4.68	32.76	2 days	Nationwide	Sep 11, 2009
MoneyGram	MTO	14.20	2.67	4.70	32.90	Less than one hour	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	20.00	3.97	6.83	47.81	3-5 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	27.00	3.39	7.25	50.75	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	17.63	5.92	8.44	59.08	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	17.63	5.92	8.44	59.08	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		19.00	3.54	6.25	43.75
MTO Average		14.80	2.71	4.82	33.74
Post office Average		17.63	5.92	8.44	59.08
Total Average		16.35	3.28	5.61	39.27

	Total cost
Firm name	Firm type	Fee (PHP)	Exchange rate margin (%)	Percent (%)	PHP	Transfer speed	Network Coverage	Date
Iremit	MTO	9.00	1.95	2.46	43.30	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	15.00	1.81	2.66	46.82	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	15.00	1.95	2.80	49.28	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	18.00	1.95	2.97	52.27	Same day	Nationwide	Sep 11, 2009
MoneyGram	MTO	14.20	2.67	3.48	61.25	Less than one hour	Nationwide	Sep 11, 2009
Maybank	Bank	10.00	3.25	3.82	67.23	2 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	27.00	3.39	4.93	86.77	3-5 days	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	20.00	3.97	5.11	89.94	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	17.63	5.92	6.92	121.79	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	17.63	5.92	6.92	121.79	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		19.00	3.54	4.62	81.31
MTO Average		14.80	2.71	3.55	62.48
Post office Average		17.63	5.92	6.92	121.79
Total Average		16.35	3.28	4.21	74.10

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Iremit	MTO	2.57	1.95	3.24	6.48	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	4.29	1.81	3.95	7.90	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	4.29	1.95	4.09	8.18	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	5.14	1.95	4.52	9.04	Same day	Nationwide	Sep 11, 2009
Maybank	Bank	2.86	3.25	4.68	9.36	2 days	Nationwide	Sep 11, 2009
MoneyGram	MTO	4.06	2.67	4.70	9.40	Less than one hour	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	5.71	3.97	6.83	13.66	3-5 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	7.71	3.39	7.25	14.50	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	5.04	5.92	8.44	16.88	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	5.04	5.92	8.44	16.88	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		5.43	3.54	6.25	12.50
MTO Average		4.23	2.71	4.82	9.64
Post office Average		5.04	5.92	8.44	16.88
Total Average		4.67	3.28	5.61	11.22

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Iremit	MTO	2.56	1.95	2.46	12.30	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	4.26	1.81	2.66	13.30	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	4.26	1.95	2.80	14.00	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	5.11	1.95	2.97	14.85	Same day	Nationwide	Sep 11, 2009
MoneyGram	MTO	4.03	2.67	3.48	17.40	Less than one hour	Nationwide	Sep 11, 2009
Maybank	Bank	2.84	3.25	3.82	19.10	2 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	7.67	3.39	4.93	24.65	3-5 days	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	5.68	3.97	5.11	25.55	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	5.01	5.92	6.92	34.60	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	5.01	5.92	6.92	34.60	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		5.40	3.54	4.62	23.10
MTO Average		4.21	2.71	3.55	17.75
Post office Average		5.01	5.92	6.92	34.60
Total Average		4.64	3.28	4.21	21.05

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