According to RemitRoutes data (updated 4h ago), the cheapest way to send 1,000 MYR to Philippines is Western Union at 0.34% total cost. Crypto rails at 2.67% are 2.33 percentage points more expensive than the cheapest traditional option at 0.34%.
Sending $1,000 MYR. Rates measured 4h ago from live APIs · refreshed every 6 hours — never estimated.
| Provider | Type | Recipient Gets | All-In Fee | Speed |
|---|---|---|---|---|
| ✦ Western Union | Traditional | 15,332.5 PHP | 0.34% | 1 business day |
| WorldRemit | Traditional | 15,207.78 PHP | 1.15% | 1-2 business days |
| Wise | Traditional | 15,168.38 PHP | 1.40% | Instant |
| ✦ Binance P2P | Crypto | 14,973.17 PHP | 2.67% | ~15 seconds |
| Maybank | Traditional | 14,453.59 PHP | 6.05% | Unknown |
| Hong Leong | Traditional | 14,350.34 PHP | 6.72% | Unknown |
| HSBC Malaysia | Traditional | 14,308.62 PHP | 6.99% | Unknown |
| Public Bank Berhad | Traditional | 14,237.93 PHP | 7.45% | Unknown |
Updated every 6 hours from real APIs (Wise, CCXT, CoinGecko). No data is estimated or hardcoded. See methodology · Full MYR → PHP cost data
In Q3 2026, crypto rails delivered 1.18% above mid-market on average versus 1.76% all-in for traditional providers across 462 corridors — crypto was cheaper at or below mid-market in 41.8% of corridors and delivered above mid-market via P2P premium routes in a further 56.1%.
→ Cross-Border Cost Index — Q3 2026