Remittance Prices Worldwide

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Sending money from MALAYSIA to PHILIPPINES

Data collected on: Feb 15, 2018
MYR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.010.00
1.29
1.29
1.291.29
7.872.58
MoneyMatch Transfer
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
8.482.78
0.84
0.84
2.232.23
13.604.46
Unique Exchange
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
16.965.56
0.62
0.62
3.403.40
20.746.80
Prabhu Money Transfer
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.603.48
1.74
1.74
3.483.48
21.236.96
GPL Remittance
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
15.905.21
1.22
1.22
3.823.82
23.307.64
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.905.21
1.22
1.22
3.823.82
23.307.64
AKbar Money Change
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
16.965.56
1.14
1.14
3.923.92
23.917.84
CBL Money Transfer
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
10.603.48
2.26
2.26
4.004.00
24.408.00
Max Money
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.603.48
2.26
2.26
4.004.00
24.408.00
Merchantrade Money Transfer
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.905.21
1.74
1.74
4.354.35
26.548.70
Al-Rajhi Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12.724.17
2.41
2.41
4.504.50
27.459.00
IME (International Money Express)
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
14.844.87
2.26
2.26
4.704.70
28.679.40
EZ Money
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.905.21
2.41
2.41
5.025.02
30.6210.04
Incentive Remit
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.905.21
2.71
2.71
5.325.32
32.4510.64
E-remit
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.905.21
2.79
2.79
5.395.39
32.8810.78
maybank2U
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.603.48
4.08
4.08
5.825.82
35.5011.64
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.905.21
4.85
4.85
7.467.46
45.5114.92
CIMB Group (Cash Laju)
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.603.48
5.89
5.89
7.637.63
46.5415.26
United Overseas Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
28.629.38
3.50
3.50
8.198.19
49.9616.38
Maybank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
26.508.69
4.08
4.08
8.428.42
51.3616.84
RHB Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
28.629.38
5.78
5.78
10.4710.47
63.8720.94
Total Average First Quarter
5.115.11
Total Average Fourth Quarter 2017
2.902.90
Total Average
Fee
15.144.97
Exchange Rate Margin (%)
2.622.62
Total Cost Percent (%)
5.115.11
Total Cost (MYR) Total Cost (USD)
31.1510.21
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.010.00
1.29
1.29
1.291.29
19.746.45
MoneyMatch Transfer
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
8.482.77
0.84
0.84
1.401.40
21.427.00
Unique Exchange
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
16.965.54
0.62
0.62
1.731.73
26.478.65
AKbar Money Change
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
16.965.54
1.14
1.14
2.252.25
34.4311.25
GPL Remittance
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Medium
15.905.20
1.22
1.22
2.262.26
34.5811.30
Prabhu Money Transfer
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.724.16
1.74
1.74
2.572.57
39.3212.85
Merchantrade Money Transfer
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15.905.20
1.74
1.74
2.782.78
42.5313.90
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
26.508.66
1.22
1.22
2.952.95
45.1414.75
CBL Money Transfer
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
10.603.46
2.26
2.26
2.962.96
45.2914.80
Max Money
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.724.16
2.26
2.26
3.103.10
47.4315.50
IME (International Money Express)
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
14.844.85
2.26
2.26
3.233.23
49.4216.15
Al-Rajhi Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
12.724.16
2.41
2.41
3.243.24
49.5716.20
EZ Money
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.905.20
2.41
2.41
3.453.45
52.7917.25
Incentive Remit
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.905.20
2.71
2.71
3.753.75
57.3818.75
E-remit
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.905.20
2.79
2.79
3.833.83
58.6019.15
maybank2U
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.603.46
4.08
4.08
4.774.77
72.9823.85
United Overseas Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
28.629.35
3.50
3.50
5.375.37
82.1626.85
Maybank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
26.508.66
4.08
4.08
5.815.81
88.8929.05
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
21.206.93
4.85
4.85
6.246.24
95.4731.20
CIMB Group (Cash Laju)
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.603.46
5.89
5.89
6.596.59
100.8332.95
RHB Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
28.629.35
5.78
5.78
7.657.65
117.0538.25
Total Average First Quarter
3.683.68
Total Average Fourth Quarter 2017
1.481.48
Total Average
Fee
16.105.26
Exchange Rate Margin (%)
2.622.62
Total Cost Percent (%)
3.683.68
Total Cost (MYR) Total Cost (USD)
56.2618.39
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet