The cheapest way to send money from Malaysia to the Philippines often depends on the amount and the method you choose. Online services like TransferWise (now Wise) and Remitly usually offer lower fees compared to traditional banks. Additionally, using e-wallets like GCash or Maya can sometimes provide competitive rates and lower transaction costs. It's advisable to compare the fees and exchange rates before proceeding, and consider checking with the service provider for the most current rates.