Question 1

What is the best way to send money from Singapore to Philippines?

Accepted Answer

Today, Wise delivers the highest amount — ₱47,859 for every S$1,000 sent, at a rate of 48.1474 PHP per SGD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's SGD to PHP exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 SGD = 48.1474 PHP. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send S$1,000 to Philippines?

Accepted Answer

Costs vary significantly. The best provider (Wise) gives you ₱47,859 after fees. The worst (UOB) only gives you ₱45,142. That's a difference of ₱2,717 on a single S$1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Wise typically completes in within 1 hr. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Philippines?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 WiseBest value	SGD 6.00	48.1474	₱47,859	Within 1 hr	Send
2 Instarem	SGD 6.80	48.0833	₱47,756	Same day	Send
3 HSBC Singapore	Free	47.4203	₱47,420	1–3 days	Send
4 Remitly	SGD 3.99	47.1400	₱46,952	Minutes	Send
5 OCBC	SGD 30.00	47.6034	₱46,175	1–3 days	Send
6 PayPal	SGD 6.36	45.9379	₱45,646	Minutes	Send
7 OFX	SGD 15.00	46.3059	₱45,611	1–2 days	Send
8 UOB	SGD 40.00	47.0224	₱45,142	1–3 days	Send

Send Money from Singapore to Philippines — Best SGD/PHP Rates

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