Best Way to Send Money from Singapore to Philippines
Because banks shouldn't hide your money in spreads.
We expose the real cost of every transfer — the spread, the fees, the delivery time — and rank providers by what actually lands in your recipient's account. No sponsored ordering. Ever.
Which provider is cheapest to send money from Singapore to Philippines in 2026?
Hover any card to see exactly what it costs you.
How has the SGD/PHP exchange rate changed recently?
vs Traditional Banks
You save up to PHP 4570
on a SGD 1,400 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending SGD to the Philippines in 2026? Digital providers like Wise, Remitly, and WorldRemit beat Singapore banks by 3-8% on the SGD to PHP rate, with delivery to BDO, BPI, or GCash in minutes. To send SGD 1,000 from Singapore, expect fees of SGD 4-7 with transparent mid-market pricing.
In Philippines, recipients can access funds directly at BDO Unibank, the country's largest financial institution. By using Wise instead of a traditional bank wire, your recipient gets approximately 2,020 PHP more on a $1,000 transfer — because digital providers pass the real exchange rate directly. Worth knowing about the local currency: the Philippine ₱1,000 note depicts Apolinario Mabini and features the Banaue Rice Terraces, carved by hand 2,000 years ago.
Our verdict: Use Wise for transparent mid-market rates on SGD 500+ transfers, or Remitly for the fastest delivery and promo rates on smaller monthly sends to family.
Why send money from Singapore to Philippines with a digital provider in 2026?
Singapore's tight labor market employs 1.7 million foreign workers — 28% of all workers — who send SGD 10+ billion home each year. A huge slice of that flows to the Philippines, where roughly 200,000 Filipinos work as nurses, domestic helpers, engineers, and seafarers. If you're one of them, your monthly remittance is rent, school fees, and groceries for your family — so every peso counts.
Banks still dominate counters at Lucky Plaza and Orchard, but their margins are brutal. Digital providers like Wise, Remitly, WorldRemit, and Revolut now move SGD to PHP in minutes at a fraction of the cost. The math is simple: better rate, lower fee, faster delivery, app-based receipts.
What are the transfer fees from Singapore to Philippines in 2026?
Two costs matter: the flat fee and the exchange rate markup. Banks advertise "zero fees" but bake 2-4% into the SGD/PHP rate — that's SGD 20-40 hidden on a SGD 1,000 transfer. Wise charges a transparent ~SGD 4-7 fee and uses the mid-market rate. Remitly and WorldRemit often run zero-fee first transfers to win you over, then settle into SGD 1.99-3.99 per send.
The trick: always compare the PHP amount your recipient gets — not the headline fee. A "free" transfer with a bad rate costs more than a SGD 5 fee with a clean rate.
Which provider offers the best SGD to PHP exchange rate?
Wise wins on transparency — pure mid-market rate plus a small percentage fee. Best for senders moving SGD 500+ who want predictable, no-surprise pricing. Remitly's "Economy" tier often edges out Wise on smaller transfers under SGD 300, especially with promo rates for new users.
WorldRemit is the go-to for cash pickup at remittance counters across Cebu, Davao, and rural Luzon. Revolut works well if you already hold SGD on the app, though PHP delivery options are narrower. Compared to DBS, OCBC, or UOB, expect to save 3-8% switching to any of these — that's SGD 30-80 saved on every SGD 1,000 you send.
How long does it take to send money from Singapore to Philippines?
Speed varies wildly. Remitly's "Express" and Wise's instant transfers land in the recipient's bank or GCash within minutes — sometimes seconds. WorldRemit cash pickups are ready in under 10 minutes at partner agents.
Economy options (24-48 hours) shave a dollar or two off the fee. Use instant when family needs emergency cash; use economy for routine monthly remittances where timing doesn't matter. Avoid bank wires entirely — SWIFT transfers still take 2-5 business days and cost SGD 25-40.
Where does the money land in Philippines?
The Philippines is the world's 4th largest remittance recipient — inflows exceeded $36 billion in 2023, representing nearly 9% of GDP. That scale means delivery infrastructure is mature: bank deposit, mobile wallet (GCash, Maya), cash pickup, even doorstep delivery in some provinces.
The two largest receiving banks are BDO Unibank and Bank of the Philippine Islands (BPI), and most digital providers can deliver directly to accounts at these banks within minutes. GCash is the fastest-growing channel — over 80 million Filipinos use it, and Wise, Remitly, and WorldRemit all push directly to GCash wallets. For relatives in remote areas, Cebuana Lhuillier and M Lhuillier cash pickup remain unbeatable.
What taxes or regulations apply to SGD to PHP transfers?
The Philippines imposes no tax on incoming remittances — a key reason OFW remittances topped $36 billion in 2023. Your family receives the full PHP amount; nothing is withheld by BIR or BSP. On the Singapore side, MAS-licensed providers like Wise (Wise Asia Pacific Pte Ltd) and Remitly are fully regulated, with funds safeguarded in trust accounts.
For transfers above SGD 20,000 in a single transaction, providers may request source-of-funds documentation under Singapore's AML rules. For normal monthly remittances, you'll never see this.
What is the best time to send SGD to Philippines to get the best rate?
SGD/PHP moves slowly but meaningfully — typically in a 41-44 range. Set rate alerts on Wise or Revolut and send when the rate spikes above the 30-day average. Mid-week (Tuesday-Thursday) often sees tighter spreads than weekends, when liquidity dips.
For amounts above SGD 2,000, the percentage fee on Wise drops noticeably, so consolidating two monthly sends into one quarterly transfer can save real money. Just don't sit on cash waiting for the "perfect" rate — a 0.5% rate swing is rarely worth a week's delay if your family needs the money now.