Regency FX is the cheapest way to send money to Indonesia, giving your recipient 137,074,008.02 IDR from RM31,525.
If you need money fast, we suggest using Wise, your IDR transfer will arrive in within minutes.
| 3 of 3 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze MYR/IDR exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/IDR transfersAll money transfer offers for MYR/IDR transfers, sorted by most IDR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 215.19 1 MYR = 4359.5400 IDR +0.01% vs mid-market | Recipient gets Rp 136,496,369.00 Within minutes | |
Ways to receive money in Indonesia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 215.191 MYR = 4359.5400 IDR Rp 136,496,369.00You payRM 31,525.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 4306.8224 IDR +1.22% vs mid-market | Recipient gets Rp 135,772,576.16 Minutes - 24 hours | |
Ways to receive money in Indonesia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4306.8224 IDR Rp 135,772,576.16You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to Indonesia deals for 31,525 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 = 4348.1049 IDR +0.27% vs mid-market | Recipient gets Rp 137,074,008.02 Minutes - 24 hours | |
Ways to receive money in Indonesia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4348.1049 IDR Rp 137,074,008.02You payRM 31,525.00 | |||
| Wise Pay via Bank transfer | Fee RM 215.19 1 MYR = 4359.5400 IDR +0.01% vs mid-market | Recipient gets Rp 136,496,369.00 Within minutes | |
Ways to receive money in Indonesia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 215.191 MYR = 4359.5400 IDR Rp 136,496,369.00You payRM 31,525.00 | |||
| Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 4306.8224 IDR +1.22% vs mid-market | Recipient gets Rp 135,772,576.16 Minutes - 24 hours | |
Ways to receive money in Indonesia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4306.8224 IDR Rp 135,772,576.16You payRM 31,525.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 4359.876600 IDR Updates every 60 minutes. | |||
Transfer details
I suggest starting with Regency FX which is the cheapest option for sending RM31,525.
There are a few ways to fund your transfer, including bank transfer.
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.
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.
There are 5 ways across 3 money transfer services send money from Malaysia to Indonesia.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 215.19 and 0.01% markup to send MYR 31,525 and your recipient gets Rp136,496,369 in within minutes.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Indonesia.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/IDR exchange rate.
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
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, 31,525 MYR will get you 136,496,369 IDR (after fees).
With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 31,525 gives your recipient 137,074,008.02 IDR.
You can fund your transfer in MYR through bank transfer.
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 its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
Rp137,074,008
Cheapest
Here are a few things to know about money transfers from Malaysia to Indonesia.
For a RM 31,525 transfer, these are the best options:
Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 137,074,008.02 IDR, which is 0.42% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 136,496,369 IDR in within minutes.
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.
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.
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.
The exchange rate affects how many Rupiahs your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 4,361.7242 IDR
Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.
We track 3 of them on MYR to Indonesia, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.
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.
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