Best companies for MYR/IDR transfers
4 of 4 providers Last updated on 10 November 2026
Based on 8,200 MYR transfer Best companies for MYR/IDR transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 59.94 1 MYR = 4454.4100 IDR -0.03% vs mid-market	Recipient gets Rp 36,259,165.00 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Indonesia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 59.941 MYR = 4454.4100 IDR Rp 36,259,165.00You payRM 8,200.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 4397.2288 IDR +1.26% vs mid-market	Recipient gets Rp 36,057,276.16 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Indonesia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4397.2288 IDR Rp 36,057,276.16You payRM 8,200.00
Run a live search Showing top Malaysia to Indonesia deals for 8,200 MYR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to IDR rates.
Run a live search These companies offer multi-currency accounts for spending IDR. We suggest doing a live search based on how much MYR you're planning to spend in Indonesia.
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 4440.8849 IDR +0.27% vs mid-market	Recipient gets Rp 36,415,256.16 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in Indonesia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4440.8849 IDR Rp 36,415,256.16You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 59.94 1 MYR = 4454.4100 IDR -0.03% vs mid-market	Recipient gets Rp 36,259,165.00 Within minutes
25 reviews FastestOur top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Indonesia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 59.941 MYR = 4454.4100 IDR Rp 36,259,165.00You payRM 8,200.00

Wise Pay via FPX	Fee RM 59.94 1 MYR = 4454.4100 IDR -0.03% vs mid-market	Recipient gets Rp 36,259,165.00 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Indonesia with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 59.941 MYR = 4454.4100 IDR Rp 36,259,165.00You payRM 8,200.00
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 4397.2288 IDR +1.26% vs mid-market	Recipient gets Rp 36,057,276.16 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Indonesia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4397.2288 IDR Rp 36,057,276.16You payRM 8,200.00
Only available via Mobile App WorldRemit Pay via Debit card	Fee RM 7.50 1 MYR = 4388.9268 IDR +1.45% vs mid-market	Recipient gets Rp 35,956,282.65 Minutes - 2 days
13 reviews Receive to bank account or cash pickup
Ways to receive money in Indonesia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days RM 7.501 MYR = 4388.9268 IDR Rp 35,956,282.65You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 4452.9077 IDR Updates every 60 minutes.

Why compare

MYR/IDR exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Indonesia

Pick a company

I suggest starting with Regency FX which is the cheapest option for sending RM8,200.

Regency FX was the cheapest on 27 of the 27 days it quoted RM8,200 transfers to Indonesia.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer, FPX, and debit card.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to Indonesia.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

Compare amounts

How much MYR are you sending to Indonesia?

How much MYR you send to Indonesia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from RM8,200 it quoted, and in 100% of all the transfers it quoted.


RM 1,000	0.07%	RM 0.00	Rp 4,452,530.00with fpx to bank deposit	+Rp 68,139.93
RM 5,000	0.07%	RM 32.50	Rp 22,117,943.00with fpx to bank deposit	+Rp 88,327.23
RM 8,200This page	0.27%	RM 0.00	Rp 36,415,256.16with bank transfer to bank deposit	+Rp 225,827.17
RM 10,000	0.27%	RM 0.00	Rp 44,441,184.49with bank transfer to bank deposit	+Rp 274,193.61

Mid-market rate: 1 MYR = 4452.9077 IDR

MYR/IDR Exchange Rate History

Is today a good time to send money from Malaysia to Indonesia?

The cheapest way to send MYR to IDR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 8,200 MYR transfers to Indonesia.

Each line shows what the recipient gets when you send RM 8,200, after fees, as quoted by each company. The mid-market line shows what RM 8,200 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more IDR per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of IDR on every transfer from Malaysia.

Right now, Regency FX pays 36,415,256.16 IDR on 8,200 MYR, which is 98,587.38 IDR less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 36,640,767.64 IDR.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Indonesia.

We've tracked 119 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

Regency FXAppeared in 57 comparisons
Cheapest every time
WiseAppeared in 119 comparisons
Cheapest in 28% of them
XeAppeared in 86 comparisons
Never the cheapest

Based on 119 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in only 28% of its comparisons, so it's rarely the cheapest option for transfers to Indonesia.

Ways to send money from Malaysia to Indonesia

There are 5 ways to send money from Malaysia to Indonesia across 4 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Wise charges MYR 59.94 and -0.03% markup to send MYR 8,200 and your recipient gets Rp36,259,165 in within minutes.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to Indonesia.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/IDR exchange rate.

Our analysis shows Regency FX was the cheapest broker in 100% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in Indonesia, tuition fees, or moving savings from Malaysia to Indonesia.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from Indonesia, or travel there often.

Wise lets you hold MYR and IDR in one account, and convert between them when you need.

When converting MYR to IDR, 8,200 MYR will get you 36,259,165 IDR (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive IDR in Indonesia

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 36,415,256.16 IDR.

You can fund your transfer in MYR through bank transfer, FPX, and debit card.

Paying through online banking (FPX)

Choose FPX at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to Indonesia.

The processing fee may include SST, so double check the final IDR amount first.

The recipient can receive IDR through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in Indonesia.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM8,200.00

Rp36,415,256

Cheapest
2

FPX Bank deposit

You pay RM8,200.00

Rp36,259,165

-Rp156,091
3

Debit card Bank deposit

You pay RM8,200.00

Rp35,956,283

-Rp458,974

Things to check before sending MYR to Indonesia

Here are a few things to know about money transfers from Malaysia to Indonesia.

Best ways to send MYR to Indonesia

For a RM 8,200 transfer, these are the best options:

Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 36,415,256.16 IDR, which is 0.43% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 36,259,165 IDR in within minutes.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 4 of them on MYR to Indonesia, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 119 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/IDR transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Malaysia

Send money to Indonesia

Send money from Philippines to Indonesia Send money from United States to Indonesia Send money from India to Indonesia Send money from Nigeria to Indonesia Send money from Germany to Indonesia Send money from South Africa to Indonesia Send money from Turkey to Indonesia Send money from Netherlands to Indonesia Send money from United Kingdom to Indonesia Send money from Singapore to Indonesia Send money from France to Indonesia

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4386.0633	–	Rp 35,965,718.94
Regency FX Cheapest	4374.2209	RM 0.00	Rp 35,868,611.50	−Rp 97,107.44
Wise	4384.4300	RM 59.94	Rp 35,689,523.00	−Rp 276,195.94
Xe	4338.2133	RM 0.00	Rp 35,573,349.06	−Rp 392,369.88

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4380.1733	–	Rp 35,917,420.90
Regency FX Cheapest	4368.3468	RM 0.00	Rp 35,820,443.86	−Rp 96,977.04
Wise	4380.3700	RM 59.94	Rp 35,656,475.00	−Rp 260,945.90
Xe	4330.7721	RM 0.00	Rp 35,512,331.22	−Rp 405,089.68

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4385.5600	–	Rp 35,961,592.20
Regency FX Cheapest	4373.7190	RM 0.00	Rp 35,864,495.90	−Rp 97,096.30
Wise	4385.6400	RM 59.94	Rp 35,699,373.00	−Rp 262,219.20
Xe	4336.9376	RM 0.00	Rp 35,562,888.32	−Rp 398,703.88

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4393.3743	–	Rp 36,025,669.61
Regency FX Cheapest	4381.5122	RM 0.00	Rp 35,928,400.30	−Rp 97,269.31
Wise	4395.6100	RM 59.94	Rp 35,780,529.00	−Rp 245,140.61
Xe	4350.4390	RM 0.00	Rp 35,673,599.80	−Rp 352,069.81

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4412.5346	–	Rp 36,182,784.11
Regency FX Cheapest	4400.6208	RM 0.00	Rp 36,085,090.60	−Rp 97,693.51
Wise	4412.5900	RM 59.94	Rp 35,918,747.00	−Rp 264,037.11
Xe	4365.4775	RM 0.00	Rp 35,796,915.50	−Rp 385,868.61

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4421.2829	–	Rp 36,254,520.13
Regency FX Cheapest	4409.3455	RM 0.00	Rp 36,156,632.93	−Rp 97,887.20
Wise	4420.8800	RM 59.94	Rp 35,986,228.00	−Rp 268,292.13
Xe	4312.4682	RM 0.00	Rp 35,362,239.24	−Rp 892,280.89

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4419.5349	–	Rp 36,240,185.85
Regency FX Cheapest	4407.6021	RM 0.00	Rp 36,142,337.35	−Rp 97,848.50
Wise	4420.6300	RM 59.94	Rp 35,984,193.00	−Rp 255,992.85
Xe	4370.3626	RM 0.00	Rp 35,836,973.32	−Rp 403,212.53

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4404.5122	–	Rp 36,116,999.69
Regency FX Cheapest	4392.6200	RM 0.00	Rp 36,019,483.79	−Rp 97,515.90
Wise	4405.0400	RM 59.94	Rp 35,857,290.00	−Rp 259,709.69
Xe	4349.6824	RM 0.00	Rp 35,667,395.68	−Rp 449,604.01

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4412.6730	–	Rp 36,183,918.26
Regency FX Cheapest	4400.7587	RM 0.00	Rp 36,086,221.68	−Rp 97,696.58
Wise	4410.4100	RM 59.94	Rp 35,901,002.00	−Rp 282,916.26
Xe	4363.1524	RM 0.00	Rp 35,777,849.68	−Rp 406,068.58

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4423.3983	–	Rp 36,271,865.72
Regency FX Cheapest	4411.4551	RM 0.00	Rp 36,173,931.69	−Rp 97,934.03
Wise	4421.2400	RM 59.94	Rp 35,989,159.00	−Rp 282,706.72
Xe	4376.8302	RM 0.00	Rp 35,890,007.64	−Rp 381,858.08

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4424.6996	–	Rp 36,282,536.78
Regency FX Cheapest	4412.7529	RM 0.00	Rp 36,184,573.93	−Rp 97,962.85
Wise	4423.6200	RM 59.94	Rp 36,008,532.00	−Rp 274,004.78
Xe	4376.3805	RM 0.00	Rp 35,886,320.10	−Rp 396,216.68

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4429.0095	–	Rp 36,317,877.85
Regency FX Cheapest	4417.0512	RM 0.00	Rp 36,219,819.58	−Rp 98,058.27
Wise	4427.8900	RM 59.94	Rp 36,043,290.00	−Rp 274,587.85
Xe	4311.3699	RM 0.00	Rp 35,353,233.18	−Rp 964,644.67

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4434.0045	–	Rp 36,358,837.07
Regency FX Cheapest	4422.0327	RM 0.00	Rp 36,260,668.21	−Rp 98,168.86
Wise	4434.0600	RM 59.94	Rp 36,093,514.00	−Rp 265,323.07
Xe	4388.1252	RM 0.00	Rp 35,982,626.64	−Rp 376,210.43

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4442.4529	–	Rp 36,428,113.47
Regency FX Cheapest	4430.4582	RM 0.00	Rp 36,329,757.56	−Rp 98,355.91
Wise	4442.6100	RM 59.94	Rp 36,163,112.00	−Rp 265,001.47
Xe	4395.0202	RM 0.00	Rp 36,039,165.64	−Rp 388,947.83

Wed, 28 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	4458.0100	RM 59.94	Rp 36,288,469.00	–
Xe	4406.2635	RM 0.00	Rp 36,131,360.70	–
Regency FX No quote collected this day	–	–	–	–

Thu, 29 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4470.2735	–	Rp 36,656,242.91
Regency FX Cheapest	4458.2038	RM 0.00	Rp 36,557,271.06	−Rp 98,971.85
Wise	4466.8700	RM 59.94	Rp 36,360,590.00	−Rp 295,652.91
Xe	4417.1176	RM 0.00	Rp 36,220,364.32	−Rp 435,878.59

Fri, 30 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4480.4836	–	Rp 36,739,965.54
Regency FX Cheapest	4468.3863	RM 0.00	Rp 36,640,767.64	−Rp 99,197.90
Wise	4477.1900	RM 59.94	Rp 36,444,595.00	−Rp 295,370.54
Xe	4428.0994	RM 0.00	Rp 36,310,415.08	−Rp 429,550.46

Sat, 31 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4468.4176	–	Rp 36,641,024.37
Regency FX Cheapest	4456.3529	RM 0.00	Rp 36,542,093.60	−Rp 98,930.77
Wise	4468.9000	RM 59.94	Rp 36,377,114.00	−Rp 263,910.37
Xe	4385.1045	RM 0.00	Rp 35,957,856.90	−Rp 683,167.47

Sun, 1 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4466.7913	–	Rp 36,627,688.42
Regency FX Cheapest	4454.7309	RM 0.00	Rp 36,528,793.66	−Rp 98,894.76
Wise	4468.9000	RM 59.94	Rp 36,377,114.00	−Rp 250,574.42
Xe	4384.6158	RM 0.00	Rp 35,953,849.56	−Rp 673,838.86

Mon, 2 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4463.0887	–	Rp 36,597,327.53
Regency FX Cheapest	4451.0384	RM 0.00	Rp 36,498,514.74	−Rp 98,812.79
Wise	4461.4800	RM 59.94	Rp 36,316,715.00	−Rp 280,612.53
Xe	4422.9220	RM 0.00	Rp 36,267,960.40	−Rp 329,367.13

Tue, 3 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4459.0852	–	Rp 36,564,498.77
Regency FX Cheapest	4447.0457	RM 0.00	Rp 36,465,774.62	−Rp 98,724.15
Wise	4456.1400	RM 59.94	Rp 36,273,247.00	−Rp 291,251.77
Xe	4407.6975	RM 0.00	Rp 36,143,119.50	−Rp 421,379.27

Wed, 4 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4467.2624	–	Rp 36,631,551.81
Regency FX Cheapest	4455.2008	RM 0.00	Rp 36,532,646.62	−Rp 98,905.19
Wise	4469.1400	RM 59.94	Rp 36,379,068.00	−Rp 252,483.81
Xe	4415.9232	RM 0.00	Rp 36,210,570.24	−Rp 420,981.57

Thu, 5 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4462.2113	–	Rp 36,590,132.65
Regency FX Cheapest	4450.1633	RM 0.00	Rp 36,491,339.29	−Rp 98,793.36
Wise	4465.4600	RM 59.94	Rp 36,349,112.00	−Rp 241,020.65
Xe	4396.9766	RM 0.00	Rp 36,055,208.12	−Rp 534,924.53

Fri, 6 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	4470.7300	RM 59.94	Rp 36,392,010.00	–
Xe	4420.2046	RM 0.00	Rp 36,245,677.72	–
Regency FX No quote collected this day	–	–	–	–

Sat, 7 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4458.5701	–	Rp 36,560,274.63
Regency FX Cheapest	4446.5319	RM 0.00	Rp 36,461,561.89	−Rp 98,712.74
Wise	4462.5400	RM 59.94	Rp 36,325,343.00	−Rp 234,931.63
Xe	4350.4442	RM 0.00	Rp 35,673,642.44	−Rp 886,632.19

How to send money to Indonesia from Malaysia with the best MYR-IDR rate

Best companies for MYR/IDR transfers