Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From SGSingapore you can also send money to

Sending money from SINGAPORE to PHILIPPINES

Data collected on: Feb 19, 2024-Feb 29, 2024
SGD | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)sort descending
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 (SGD)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.571.98
-0.15
Percentage difference between market reference rate 41.50 and exchange rate charged 41.56
-0.15
0.840.84
2.181.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.004.62
0.01
Percentage difference between market reference rate 41.55 and exchange rate charged 41.54
0.01
2.322.32
6.034.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
6.004.62
0.01
Percentage difference between market reference rate 41.55 and exchange rate charged 41.54
0.01
2.322.32
6.034.64
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.721.32
0.10
Percentage difference between market reference rate 41.86 and exchange rate charged 41.81
0.10
0.760.76
1.981.52
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
0.16
Percentage difference between market reference rate 41.55 and exchange rate charged 41.48
0.16
1.311.31
3.412.62
iRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
5.003.85
0.47
Percentage difference between market reference rate 41.64 and exchange rate charged 41.45
0.47
2.392.39
6.214.78
iRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.47
Percentage difference between market reference rate 41.64 and exchange rate charged 41.45
0.47
2.392.39
6.214.78
A-Express Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
5.003.85
0.53
Percentage difference between market reference rate 41.52 and exchange rate charged 41.30
0.53
2.452.45
6.374.90
A-Express Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
4.503.46
0.53
Percentage difference between market reference rate 41.52 and exchange rate charged 41.30
0.53
2.262.26
5.884.52
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
3.802.92
0.66
Percentage difference between market reference rate 41.69 and exchange rate charged 41.42
0.66
2.122.12
5.514.24
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
4.503.46
0.66
Percentage difference between market reference rate 41.69 and exchange rate charged 41.42
0.66
2.392.39
6.214.78
Brunphil Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
4.503.46
0.70
Percentage difference between market reference rate 41.59 and exchange rate charged 41.30
0.70
2.432.43
6.324.86
Brunphil Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
4.503.46
0.70
Percentage difference between market reference rate 41.59 and exchange rate charged 41.30
0.70
2.432.43
6.324.86
DBS
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
25.0019.23
0.83
Percentage difference between market reference rate 0.74 and exchange rate charged 0.74
0.83
10.4510.45
27.1720.90
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.003.85
0.90
Percentage difference between market reference rate 41.66 and exchange rate charged 41.28
0.90
2.822.82
7.335.64
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
0.000.00
0.91
Percentage difference between market reference rate 41.67 and exchange rate charged 41.29
0.91
0.910.91
2.371.82
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
0.000.00
0.91
Percentage difference between market reference rate 41.67 and exchange rate charged 41.29
0.91
0.910.91
2.371.82
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.91
Percentage difference between market reference rate 41.67 and exchange rate charged 41.29
0.91
0.910.91
2.371.82
Steadfast Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.85
0.94
Percentage difference between market reference rate 41.69 and exchange rate charged 41.30
0.94
2.862.86
7.445.72
Steadfast Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
4.003.08
0.94
Percentage difference between market reference rate 41.69 and exchange rate charged 41.30
0.94
2.482.48
6.454.96
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Bank branch
High
5.003.85
0.95
Percentage difference between market reference rate 41.65 and exchange rate charged 41.25
0.95
2.872.87
7.465.74
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
5.003.85
0.95
Percentage difference between market reference rate 41.65 and exchange rate charged 41.25
0.95
2.872.87
7.465.74
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
5.003.85
0.95
Percentage difference between market reference rate 41.65 and exchange rate charged 41.25
0.95
2.872.87
7.465.74
Kabayan Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
4.003.08
0.97
Percentage difference between market reference rate 41.60 and exchange rate charged 41.20
0.97
2.512.51
6.535.02
Kabayan Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
4.503.46
0.99
Percentage difference between market reference rate 41.61 and exchange rate charged 41.20
0.99
2.722.72
7.075.44
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
6.004.62
1.01
Percentage difference between market reference rate 41.62 and exchange rate charged 41.20
1.01
3.323.32
8.636.64
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.808.31
1.07
Percentage difference between market reference rate 41.56 and exchange rate charged 41.11
1.07
5.225.22
13.5710.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
1.07
Percentage difference between market reference rate 41.56 and exchange rate charged 41.11
1.07
2.222.22
5.774.44
Pay2Home Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.005.38
1.16
Percentage difference between market reference rate 41.61 and exchange rate charged 41.13
1.16
3.853.85
10.017.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.31
1.32
Percentage difference between market reference rate 41.64 and exchange rate charged 41.09
1.32
2.472.47
6.424.94
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.31
1.32
Percentage difference between market reference rate 41.64 and exchange rate charged 41.09
1.32
2.472.47
6.424.94
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
3.143.14
8.166.28
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.07
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
3.143.14
8.166.28
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.799.07
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
6.146.14
15.9612.28
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
11.799.07
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
6.146.14
15.9612.28
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.0023.08
4.54
Percentage difference between market reference rate 41.74 and exchange rate charged 39.84
4.54
16.0816.08
41.8132.16
Total Average First Quarter
3.223.22
Total Average Fourth Quarter 2023
3.333.33
Total Average
Fee
5.924.55
Exchange Rate Margin (%)
0.940.94
Total Cost Percent (%)
3.223.22
Total Cost (SGD) Total Cost (USD)
8.366.43
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
InstaReM
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.263.30
0.10
Percentage difference between market reference rate 41.86 and exchange rate charged 41.81
0.10
0.760.76
4.903.80
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
4.753.68
-0.15
Percentage difference between market reference rate 41.50 and exchange rate charged 41.56
-0.15
0.590.59
3.812.95
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.91
Percentage difference between market reference rate 41.67 and exchange rate charged 41.29
0.91
0.910.91
5.874.55
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
Medium
0.000.00
0.91
Percentage difference between market reference rate 41.67 and exchange rate charged 41.29
0.91
0.910.91
5.874.55
DBS Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
0.000.00
0.91
Percentage difference between market reference rate 41.67 and exchange rate charged 41.29
0.91
0.910.91
5.874.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.003.10
0.16
Percentage difference between market reference rate 41.55 and exchange rate charged 41.48
0.16
0.780.78
5.033.90
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
3.802.95
0.66
Percentage difference between market reference rate 41.69 and exchange rate charged 41.42
0.66
1.251.25
8.066.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
1.07
Percentage difference between market reference rate 41.56 and exchange rate charged 41.11
1.07
1.541.54
9.937.70
A-Express Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
4.503.49
0.53
Percentage difference between market reference rate 41.52 and exchange rate charged 41.30
0.53
1.231.23
7.936.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
19.0014.73
0.01
Percentage difference between market reference rate 41.55 and exchange rate charged 41.54
0.01
2.962.96
19.0914.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
19.0014.73
0.01
Percentage difference between market reference rate 41.55 and exchange rate charged 41.54
0.01
2.962.96
19.0914.80
iRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.47
Percentage difference between market reference rate 41.64 and exchange rate charged 41.45
0.47
1.251.25
8.066.25
iRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
5.003.88
0.47
Percentage difference between market reference rate 41.64 and exchange rate charged 41.45
0.47
1.251.25
8.066.25
Singtel Dash
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
High
4.503.49
0.66
Percentage difference between market reference rate 41.69 and exchange rate charged 41.42
0.66
1.361.36
8.776.80
Brunphil Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
4.503.49
0.70
Percentage difference between market reference rate 41.59 and exchange rate charged 41.30
0.70
1.401.40
9.037.00
Brunphil Express
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
4.503.49
0.70
Percentage difference between market reference rate 41.59 and exchange rate charged 41.30
0.70
1.401.40
9.037.00
A-Express Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
5.003.88
0.53
Percentage difference between market reference rate 41.52 and exchange rate charged 41.30
0.53
1.311.31
8.456.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3.002.33
1.32
Percentage difference between market reference rate 41.64 and exchange rate charged 41.09
1.32
1.791.79
11.558.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
3.002.33
1.32
Percentage difference between market reference rate 41.64 and exchange rate charged 41.09
1.32
1.791.79
11.558.95
Steadfast Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
4.003.10
0.94
Percentage difference between market reference rate 41.69 and exchange rate charged 41.30
0.94
1.561.56
10.067.80
Kabayan Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
4.003.10
0.97
Percentage difference between market reference rate 41.60 and exchange rate charged 41.20
0.97
1.591.59
10.267.95
Kabayan Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
4.503.49
0.99
Percentage difference between market reference rate 41.61 and exchange rate charged 41.20
0.99
1.691.69
10.908.45
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.003.88
0.90
Percentage difference between market reference rate 41.66 and exchange rate charged 41.28
0.90
1.681.68
10.848.40
Steadfast Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Agent
High
5.003.88
0.94
Percentage difference between market reference rate 41.69 and exchange rate charged 41.30
0.94
1.721.72
11.098.60
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
5.003.88
0.95
Percentage difference between market reference rate 41.65 and exchange rate charged 41.25
0.95
1.731.73
11.168.65
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Bank branch
High
5.003.88
0.95
Percentage difference between market reference rate 41.65 and exchange rate charged 41.25
0.95
1.731.73
11.168.65
PNB (Philippines National Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
5.003.88
0.95
Percentage difference between market reference rate 41.65 and exchange rate charged 41.25
0.95
1.731.73
11.168.65
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
2.232.23
14.3811.15
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.993.09
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
2.232.23
14.3811.15
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
6.004.65
1.01
Percentage difference between market reference rate 41.62 and exchange rate charged 41.20
1.01
1.941.94
12.519.70
Pay2Home Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
7.005.43
1.16
Percentage difference between market reference rate 41.61 and exchange rate charged 41.13
1.16
2.252.25
14.5111.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
22.3517.33
1.07
Percentage difference between market reference rate 41.56 and exchange rate charged 41.11
1.07
4.544.54
29.2822.70
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.3418.09
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
5.235.23
33.7326.15
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
23.3418.09
1.61
Percentage difference between market reference rate 41.57 and exchange rate charged 40.90
1.61
5.235.23
33.7326.15
DBS
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
25.0019.38
0.83
Percentage difference between market reference rate 0.74 and exchange rate charged 0.74
0.83
4.714.71
30.3823.55
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.0023.26
4.54
Percentage difference between market reference rate 41.74 and exchange rate charged 39.84
4.54
9.199.19
59.2845.95
Total Average First Quarter
2.152.15
Total Average Fourth Quarter 2023
2.112.11
Total Average
Fee
7.766.01
Exchange Rate Margin (%)
0.940.94
Total Cost Percent (%)
2.152.15
Total Cost (SGD) Total Cost (USD)
13.8510.74
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet Own/partner bank account