Compare money transfers from Singapore to the Philippines

The best services to transfer money from Singapore to the Philippines

🪙 Cheapest to a bank account	InstaReM
💳 Best with credit card payment	Remitly and InstaReM
💶 Easiest cash pickup	Remitly

Singapore captivates multinational professionals due to their diverse career opportunities. People who want to transfer money to the Philippines, probably have tested various online services to send money.

But what’s the major trouble that you can face with those services? It’s that they add up to the immense charges. They charge you a massive money transfer fee. All monetary institutions that wire money from Singapore to the Philippines charge you stupendous cost. Often, the additional charges are proclaimed ahead of the transfer of money.

In several cases, you have to pay extra hidden charges based on the currency exchange rates of that time. The hidden charges can be from 1 SGD to 100 SGD, based on the currency convertibility rate where you are sending payment.

Though it's not possible to entirely abstain from money transfer costs, you have an option to restrain this cost by selecting the cheapest way to send money. Let’s have a look at some of the best ways.

The Cheapest ways to send money

TransferWise

TransferWise is an affordable way to transfer money abroad. It offers a middle currency exchange rate (real market currency exchange rate). It is available in Singapore, and it’s emerging as the most popular way of sending payments in foreign countries. The receiver usually gets payment within one or two days. It offers the following payment methods: Credit Card, Bank Transfer, and Debit Card.

Benefits

• offers real market currency exchange rates
• provides a marvelous user interface
• has less online payment transfer charges
• It is very convenient
• It is the fully authorized way to wire money from Singapore to the Philippines.
• provides great and reliable customer support.

WorldRemit

It is a spectacular online funds transfer way that permits its customers universally to deliver funds to their family and friends abroad. Ismail Ahmed launched WorldRemit in 2010.  Its funds' transfer fees vary from 3.99 dollars to 24.99 dollars. The money transfer fee usually depends on several factors such as country to which you are sending money, currency exchange rate, the amount you are sending, and the repayment option that you select.

WorldRemit funds transfer fees are fixed and you will know about that ahead of the transfer of funds. So your recipient will receive the exact amount that you want to send.

Benefits:

• offers its services within several countries. Its payment networks are increasing day by day universally.
• interface is very elegant.
• offers affordable e-transfer service.
• credibility and security are excellent.
• offers great customer support.
• WorldRemit has the cheapest exchange rates.

Skrill

It is the digital service that provides the easiest way to transfer money. Till 2013, it was the payment gateway used by many e-commerce sites. This service can also be used to transfer funds internationally.

Benefits:

• easy to use interface.
• great customer support.
• high credibility and security.
• one of the cheapest options to transfer money online.
• Very fast delivery is also a plus point for Skrill.
• offers its services to several countries and its demand is increasing day by day.

Which Service is Suitable?

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• You can save your money by selecting the cheapest way to send money from Singapore to the Philippines.
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