Regency FX is the cheapest way to send money to Singapore, giving your recipient 9,365.96 SGD from RM30,000.
If you need money fast, we suggest using Wise, your SGD 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/SGD exchange rates from our comparisons. | |||
| Based on 30,000 MYR transfer Best companies for MYR/SGD transfersAll money transfer offers for MYR/SGD transfers, sorted by most SGD received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 188.99 1 MYR = 0.3130 SGD 0.00% vs mid-market | Recipient gets $9,331.98 Within minutes | |
Ways to receive money in Singapore with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 188.991 MYR = 0.3130 SGD $9,331.98You payRM 30,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.3109 SGD +0.69% vs mid-market | Recipient gets $9,327.00 Minutes - 24 hours | |
Ways to receive money in Singapore with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3109 SGD $9,327.00You payRM 30,000.00 | |||
Run a live search Showing top Malaysia to Singapore deals for 30,000 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 SGD rates. | |||
Run a live search These companies offer multi-currency accounts for spending SGD. We suggest doing a live search based on how much MYR you're planning to spend in Singapore. | |||
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 = 0.3122 SGD +0.27% vs mid-market | Recipient gets $9,365.96 Minutes - 24 hours | |
Ways to receive money in Singapore with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3122 SGD $9,365.96You payRM 30,000.00 | |||
| Wise Pay via Bank transfer | Fee RM 188.99 1 MYR = 0.3130 SGD 0.00% vs mid-market | Recipient gets $9,331.98 Within minutes | |
Ways to receive money in Singapore with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 188.991 MYR = 0.3130 SGD $9,331.98You payRM 30,000.00 | |||
| Wise Pay via FPX | Fee RM 188.99 1 MYR = 0.3130 SGD 0.00% vs mid-market | Recipient gets $9,331.98 Within minutes | |
Ways to receive money in Singapore with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 188.991 MYR = 0.3130 SGD $9,331.98You payRM 30,000.00 | |||
| Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.3109 SGD +0.69% vs mid-market | Recipient gets $9,327.00 Minutes - 24 hours | |
Ways to receive money in Singapore with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3109 SGD $9,327.00You payRM 30,000.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 0.313044 SGD Updates every 60 minutes. | |||
Transfer details
I suggest starting with Regency FX which is the cheapest option for sending RM30,000.
There are a few ways to fund your transfer, including bank transfer and fpx.
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 Singapore.
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 Singapore.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 188.99 and 0.01% markup to send MYR 30,000 and your recipient gets $9,331.98 in within minutes.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Singapore.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/SGD exchange rate.
You get an account manager to handle your transfer, and it’s useful for things like home purchases in Singapore, tuition fees, or moving savings from Malaysia to Singapore.
Holding multiple balances
A multi-currency account is useful if you receive income from Singapore, or travel there often.
Wise lets you hold MYR and SGD in one account, and convert between them when you need.
When converting MYR to SGD, 30,000 MYR will get you 9,331.98 SGD (after fees).
With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 30,000 gives your recipient 9,365.96 SGD.
You can fund your transfer in MYR through bank transfer and fpx.
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 Singapore.
The processing fee may include SST, so double check the final SGD amount first.
The recipient can receive SGD 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 Singapore.
Double check the info, since its very hard to stop or reverse once it leaves your account.
You pay RM30,000.00
$9,366
Cheapest
You pay RM30,000.00
$9,332
-$34
Here are a few things to know about money transfers from Malaysia to Singapore.
For a RM 30,000 transfer, these are the best options:
Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 9,365.96 SGD, which is 0.36% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 9,331.98 SGD 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 Singapore Dollars your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 0.31334 SGD
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 Singapore, 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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