Who sends money from Singapore to the Philippines
Common senders: Work Permit and S Pass holders supporting families, EP holders sending savings, and students' families.
Worked example: sending 1,000 SGD
Using the ECB reference rate on 2026-10-07, 1 SGD = 49.0550 PHP, our estimate model gives these results for sending 1,000 SGD:
| Provider | Est. fee | Est. received | Total cost vs mid-market |
|---|---|---|---|
| Wise | 7.28 SGD | 48,697.86 PHP | 357.14 PHP |
| Revolut | 3.00 SGD | 48,663.30 PHP | 391.70 PHP |
| Remitly | 0.00 SGD | 48,466.34 PHP | 588.66 PHP |
| Western Union | 6.40 SGD | 47,766.13 PHP | 1,288.87 PHP |
| Bank wire (typical) | 25.61 SGD | 46,603.84 PHP | 2,451.16 PHP |
In this example Wise delivers roughly 2,094.02 PHP more than a typical bank wire. Rates move daily and providers change pricing, so treat this as an illustration from our model; the live calculator above and the provider's own quote are what count. See how we estimate.
Sending to the Philippines: what to know
- Payout options: bank deposit, GCash, Maya and cash pickup.
- GCash and cash pickup are popular for families outside major cities.
- Cash pickup is convenient but often carries a worse rate than bank or e-wallet delivery.
Rules and limits
In Singapore: Cross-border money transfer providers in Singapore must be licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act. You can check any provider in the MAS Financial Institutions Directory.
In the Philippines: Banks and e-money issuers are supervised by the Bangko Sentral ng Pilipinas (BSP). E-wallets have balance and monthly incoming limits that rise with full verification, so large amounts are better sent to a bank account.
How to pick the cheapest option
- Compare the amount received, not the fee. "Zero fee" offers usually hide their cost in the rate. How markups work.
- Small amounts: watch fixed fees. Large amounts: watch the markup.
- Avoid intermediary deductions. SWIFT wires can lose $10–30 in transit. Why.
Frequently asked questions
What is the cheapest way to send money from Singapore to the Philippines?
It depends on the amount and the day's pricing. This page calculates, at today's mid-market rate, how much PHP each provider delivers for 1,000 SGD; the top row is currently the cheapest by our estimate.
How much more does a bank wire cost for 1,000 SGD?
Using the reference rate on 2026-10-07, our model puts the gap at about 2,094.02 PHP versus the cheapest option. Rates and pricing change daily.
How can my recipient in the Philippines receive the money?
Common payout options are bank deposit, GCash, Maya and cash pickup. Availability differs by provider, so check before you send.
How long does it take?
Digital services usually take minutes to 1–2 business days; bank wires often take 2–5 business days.