Remittance Prices Worldwide

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Sending money from MALAYSIA to PHILIPPINES

Data collected on: Feb 19, 2025 - Mar 05, 2025
MYR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (MYR)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
0.62
Percentage difference between market reference rate 13.08 and exchange rate charged 13.00
Total cost (%)
1.44
Total cost (MYR)sort descending
8.78
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
5.00
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 13.08 and exchange rate charged 12.95
Total cost (%)
1.80
Total cost (MYR)sort descending
10.98
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
5.00
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 13.08 and exchange rate charged 12.95
Total cost (%)
1.80
Total cost (MYR)sort descending
10.98
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5.00
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 13.08 and exchange rate charged 12.95
Total cost (%)
1.80
Total cost (MYR)sort descending
10.98
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
5.00
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 13.08 and exchange rate charged 12.95
Total cost (%)
1.80
Total cost (MYR)sort descending
10.98
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
5.00
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 13.08 and exchange rate charged 12.95
Total cost (%)
1.80
Total cost (MYR)sort descending
10.98
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5.00
Exchange rate margin(%)
0.98
Percentage difference between market reference rate 13.08 and exchange rate charged 12.95
Total cost (%)
1.80
Total cost (MYR)sort descending
10.98
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.18
Percentage difference between market reference rate 13.08 and exchange rate charged 13.06
Total cost (%)
1.82
Total cost (MYR)sort descending
11.10
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
11.24
Exchange rate margin(%)
0.02
Percentage difference between market reference rate 13.10 and exchange rate charged 13.10
Total cost (%)
1.86
Total cost (MYR)sort descending
11.35
Firm
MoneyMatch Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
8.00
Exchange rate margin(%)
0.59
Percentage difference between market reference rate 13.08 and exchange rate charged 13.00
Total cost (%)
1.90
Total cost (MYR)sort descending
11.59
Firm
Merchantrade Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.62
Percentage difference between market reference rate 13.08 and exchange rate charged 13.00
Total cost (%)
2.26
Total cost (MYR)sort descending
13.79
Firm
ValYou
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
-0.01
Percentage difference between market reference rate 13.13 and exchange rate charged 13.13
Total cost (%)
2.45
Total cost (MYR)sort descending
14.95
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.08
Percentage difference between market reference rate 13.08 and exchange rate charged 13.07
Total cost (%)
2.54
Total cost (MYR)sort descending
15.49
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.08
Percentage difference between market reference rate 13.08 and exchange rate charged 13.07
Total cost (%)
2.54
Total cost (MYR)sort descending
15.49
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
15.00
Exchange rate margin(%)
0.08
Percentage difference between market reference rate 13.08 and exchange rate charged 13.07
Total cost (%)
2.54
Total cost (MYR)sort descending
15.49
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.08
Percentage difference between market reference rate 13.08 and exchange rate charged 13.07
Total cost (%)
2.54
Total cost (MYR)sort descending
15.49
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.08
Percentage difference between market reference rate 13.08 and exchange rate charged 13.07
Total cost (%)
2.54
Total cost (MYR)sort descending
15.49
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
15.00
Exchange rate margin(%)
0.08
Percentage difference between market reference rate 13.08 and exchange rate charged 13.07
Total cost (%)
2.54
Total cost (MYR)sort descending
15.49
Firm
IME (International Money Express)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.09
Percentage difference between market reference rate 13.10 and exchange rate charged 13.09
Total cost (%)
2.55
Total cost (MYR)sort descending
15.56
Firm
GPL Remittance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8.00
Exchange rate margin(%)
1.27
Percentage difference between market reference rate 13.07 and exchange rate charged 12.90
Total cost (%)
2.58
Total cost (MYR)sort descending
15.74
Firm
CBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.96
Percentage difference between market reference rate 12.92 and exchange rate charged 12.80
Total cost (%)
2.60
Total cost (MYR)sort descending
15.86
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.15
Percentage difference between market reference rate 13.09 and exchange rate charged 13.07
Total cost (%)
2.61
Total cost (MYR)sort descending
15.92
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.16
Percentage difference between market reference rate 13.08 and exchange rate charged 13.06
Total cost (%)
2.62
Total cost (MYR)sort descending
15.98
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.17
Percentage difference between market reference rate 13.08 and exchange rate charged 13.06
Total cost (%)
2.63
Total cost (MYR)sort descending
16.04
Firm
Akbar Money Changer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
1.21
Percentage difference between market reference rate 13.06 and exchange rate charged 12.90
Total cost (%)
2.85
Total cost (MYR)sort descending
17.39
Firm
EZ Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
0.91
Percentage difference between market reference rate 13.15 and exchange rate charged 13.03
Total cost (%)
3.37
Total cost (MYR)sort descending
20.56
Firm
Incentive Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
1.22
Percentage difference between market reference rate 13.08 and exchange rate charged 12.92
Total cost (%)
3.68
Total cost (MYR)sort descending
22.45
Firm
Incentive Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 13.08 and exchange rate charged 12.92
Total cost (%)
3.69
Total cost (MYR)sort descending
22.51
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
12.00
Exchange rate margin(%)
2.85
Percentage difference between market reference rate 13.08 and exchange rate charged 12.71
Total cost (%)
4.82
Total cost (MYR)sort descending
29.40
Firm
EZ Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
2.50
Percentage difference between market reference rate 12.97 and exchange rate charged 12.65
Total cost (%)
4.96
Total cost (MYR)sort descending
30.26
Firm
CIMB Group (Cash Laju)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
4.66
Percentage difference between market reference rate 13.08 and exchange rate charged 12.47
Total cost (%)
6.30
Total cost (MYR)sort descending
38.43
Firm
Al-Rajhi Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
30.00
Exchange rate margin(%)
2.75
Percentage difference between market reference rate 13.10 and exchange rate charged 12.74
Total cost (%)
7.67
Total cost (MYR)sort descending
46.79
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
30.00
Exchange rate margin(%)
2.83
Percentage difference between market reference rate 13.10 and exchange rate charged 12.73
Total cost (%)
7.75
Total cost (MYR)sort descending
47.28
Firm
United Overseas Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
3.67
Percentage difference between market reference rate 13.08 and exchange rate charged 12.60
Total cost (%)
7.77
Total cost (MYR)sort descending
47.40
Firm
United Overseas Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
3.67
Percentage difference between market reference rate 13.08 and exchange rate charged 12.60
Total cost (%)
7.77
Total cost (MYR)sort descending
47.40
Firm
HLB (Hong Leong Bank)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
30.00
Exchange rate margin(%)
3.55
Percentage difference between market reference rate 13.10 and exchange rate charged 12.64
Total cost (%)
8.47
Total cost (MYR)sort descending
51.67
Firm
RHB Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
4.44
Percentage difference between market reference rate 13.08 and exchange rate charged 12.50
Total cost (%)
8.54
Total cost (MYR)sort descending
52.09
Firm
RHB Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
4.44
Percentage difference between market reference rate 13.08 and exchange rate charged 12.50
Total cost (%)
8.54
Total cost (MYR)sort descending
52.09
Firm
CIMB Group (Cash Laju)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
30.00
Exchange rate margin(%)
4.70
Percentage difference between market reference rate 13.12 and exchange rate charged 12.50
Total cost (%)
9.62
Total cost (MYR)sort descending
58.68
Total Average First Quarter 2025
3.82
Total Average Fourth Quarter 2024
3.94
Total Average
Fee
14.60
Exchange Rate Margin (%)
1.43
Total Cost Percent (%)
3.82
Total Cost (MYR)
23.33
Non-Transparent records
Cash Bank account transfer Debit card
Less than one hour Same day 2 days 3-5 days
Cash Bank account Mobile wallet
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