Revolut is the fastest way to send money to Malaysia from Singapore right now, with delivery in within minutes. Wise is cheapest overall, paying out 31,850.78 MYR for a $10,000 transfer.
| 5 of 5 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze SGD/MYR exchange rates from our comparisons. | |||
| Based on 10,000 SGD transfer Best companies for SGD/MYR transfersAll money transfer offers for SGD/MYR transfers, sorted by most MYR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee $25.53 1 SGD = 3.1932 MYR +0.01% vs mid-market | Recipient gets RM 31,850.78 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $25.531 SGD = 3.1932 MYR RM 31,850.78You pay$10,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 SGD = 3.1355 MYR +1.83% vs mid-market | Recipient gets RM 31,354.70 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 3.1355 MYR RM 31,354.70You pay$10,000.00 | |||
Run a live search Showing top Singapore to Malaysia deals for 10,000 SGD. 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 SGD to MYR rates. | |||
Run a live search These companies offer multi-currency accounts for spending MYR. We suggest doing a live search based on how much SGD you're planning to spend in Malaysia. | |||
Run a live search These are managed services with real human support for large SGD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Wise Pay via Bank transfer | Fee $25.53 1 SGD = 3.1932 MYR +0.01% vs mid-market | Recipient gets RM 31,850.78 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $25.531 SGD = 3.1932 MYR RM 31,850.78You pay$10,000.00 | |||
| Wise Pay via PayNow | Fee $25.53 1 SGD = 3.1932 MYR +0.01% vs mid-market | Recipient gets RM 31,850.78 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by paynow. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $25.531 SGD = 3.1932 MYR RM 31,850.78You pay$10,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 SGD = 3.1849 MYR +0.27% vs mid-market | Recipient gets RM 31,848.60 Minutes - 24 hours | |
Ways to receive money in Malaysia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 3.1849 MYR RM 31,848.60You pay$10,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 SGD = 3.1775 MYR +0.50% vs mid-market | Recipient gets RM 31,775.15 Minutes - 24 hours | |
Ways to receive money in Malaysia with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 3.1775 MYR RM 31,775.15You pay$10,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee $65.00 1 SGD = 3.1890 MYR +0.14% vs mid-market | Recipient gets RM 31,682.32 Within minutes | |
Ways to receive money in Malaysia with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $65.001 SGD = 3.1890 MYR RM 31,682.32You pay$10,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Pricing based on Revolut Standard plan Revolut Pay via Debit card | Fee $131.75 1 SGD = 3.1890 MYR +0.14% vs mid-market | Recipient gets RM 31,469.46 Within minutes | |
Ways to receive money in Malaysia with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $131.751 SGD = 3.1890 MYR RM 31,469.46You pay$10,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Xe Pay via Bank transfer | Fee $0.00 1 SGD = 3.1355 MYR +1.83% vs mid-market | Recipient gets RM 31,354.70 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 3.1355 MYR RM 31,354.70You pay$10,000.00 | |||
| Wise Pay via Debit card | Fee $482.20 1 SGD = 3.1932 MYR +0.01% vs mid-market | Recipient gets RM 30,392.52 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $482.201 SGD = 3.1932 MYR RM 30,392.52You pay$10,000.00 | |||
| How Our Results Work Mid-market rate: 1 SGD = 3.193482 MYR Updates every 60 minutes. | |||
Transfer details
I suggest starting with Wise which is the cheapest option for sending $10,000.
There are 3 methods to fund the transfer form Singapore, including bank transfer, debit card, and paynow.
Where possible, use PayNow to fund your account, it is usually free and takes seconds.
Before you can send money to Malaysia, you'll need to verify your account using Singpass, or a passport and pass if you're not a resident.
There are 5 ways to send money to Malaysia across 5 money transfer companies.
Cheapest way to send money
Sending MYR from Singapore with a specialist like Wise is quick, easy, and cheap.
You sign up online or through the app, verify account details, enter the amount, fund your transfer, and click send.
Wise charges $25.53 to send $10,000, delivering 31,850.78 MYR after a 0.01% markup and 25.53 SGD fee.
Large transfers from Singapore
Brokers are the best for large SGD transfers to Malaysia.
A currency broker can quote a lower margin on a large SGD to MYR transfers and help with the paperwork and the entire process.
For example, Regency FX charges an exchange-rate markup of around 0.27% and no fees.
Large transfers may be held briefly for Singapore’s anti-scam checks, so if your transfer is time sensitive, start the process a bit earlier.
Regular spending abroad
A multi-currency account like Wise lets you convert SGD to MYR before travelling or paying your own bills overseas.
And you can hold both currencies in one account.
Wise will get you 31,850.78 MYR after fees when converting 10,000 SGD.
With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $10,000 gives your recipient 31,850.78 MYR.
Pay in SGD through bank transfer, debit card, and paynow.
Funding the transfer with PayNow
This is the quickest and simplest way to pay for your transfer to Malaysia from Singapore.
Scan the company's PayNow QR code or use its registered identifier.
In Malaysia, they can receive MYR using bank deposit.
You pay $10,000.00
RM31,851
Cheapest
You pay $10,000.00
RM31,851
RM0
You pay $10,000.00
RM31,469
-RM381
Consider these things before sending money from Singapore to Malaysia.
For a $10,000 transfer to Malaysia, these are the best options to start with:
Cheapest: Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 31,850.78 MYR, which is 0.01% more than the next best option.
Fastest: Revolut, funded through bank transfer with bank deposit for the payout. Your recipient gets 31,682.32 MYR in within minutes.
Eligible SGD deposits at participating banks are insured by SDIC up to S$100,000 per depositor and bank.
A balance with a non-bank transfer company is not a bank deposit and does not receive the same cover, even when the company is MAS-licensed.
When unsure, check the legal company in the MAS Financial Institutions Directory before paying.
The exchange rate directly affects how much MYR arrives for your SGD.
Mid-market rate:1 SGD = 3.191118 MYR
Every company here holds a MAS licence, which you can check yourself on the MAS register.
We track 5 of them on SGD to Malaysia, refreshed in real time on live searches, and compare on the amount that arrives rather than the headline fee.
Each goes through our review. More on who we are, why you can trust us and how to get started.
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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