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Send money from Indonesia to Malaysia
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best recommended: Wise
Of the 4 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
For example, sending 4,200,000 IDR to MYR will cost you Rp53359 in fees, and you will receive 1,029.06 MYR.
Make your Indonesia to Malaysia transfer using Wise for the best mix of cost and speed.
How to get the best deal on your Indonesia to Malaysia money transfer
Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Indonesia to Malaysia.
Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Indonesia and Malaysia.
Click, sign up & send
Follow the steps & make your transfer to Malaysia. Your funds will be sent from Indonesia and converted into Malaysian Ringgit.
Summary of recent searches
Considerations for money transfers from Indonesia to Malaysia
Compare providers
Comparing providers offering services between Indonesia and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 4 companies that provide the ability to send Rupiah to Malaysia.
This ensures you get the best options for transfers to Malaysia from Indonesia, based on the amount you want to send.
Watch the Rupiah-Malaysian Ringgit exchange rate
Choose the right payment method
Use providers regulated in Malaysia and Indonesia
Consider transfer limits
Receiving money in Malaysia
Have your ID ready
Tax declarations
The fastest way to send money to Malaysia from Indonesia is by sending cash
Cash transfers are almost instant in most cases.
However, in some cases, it can take a few days to process, depending on your branch, how much you are sending, and the deposit method you use.
Considering there aren’t many IDR/MYR transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to Malaysia from Indonesia is via PayPal P2P Transfer
The coverage of IDR/MYR transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a IDR transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Send large sums of money
From the 4 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Indonesia.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.
As such, we recommend Wise for large transfers between Malaysia and Indonesia.
Understanding the cost of sending money to Malaysia from Indonesia
The cost of sending money from Malaysia to Malaysia, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from IDR-MYR is 0.0002 MYR per Rupiah.
Finding a provider offering an exchange as close to 0.0002 as possible will ensure more Malaysian Ringgit received when transferring.
For context, the IDR-MYR mid-market rate for the past 7 days has averaged 0.0002 MYR per Rupiah. This includes a high of 0.0003, and low of 0.0002.
Western Union Agent currently offers the best exchange rate on transfers from Indonesia to Malaysia.
For the most part the IDR-MYR exchange rate you receive is the biggest factor impacting the cost of sending IDR to Malaysia.
Fees: Outside of exchange rates, you may need to pay a fee to send. Western Union Agent currently offers the lowest fees on transfers to Malaysia from Indonesia. They charge 3 IDR per transfer.
Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Malaysian Ringgit is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rupiahs to MYR, paired with a low fee, means a higher total amount received in Malaysia.
Getting best exchange rate for transfers between Rupiah and Malaysian Ringgit
Timing is essential for transferring money between IDR and MYR. The exchange rate you secure impacts how much MYR you get for your IDR.
The recent trends between the currencies are:
Over the past 7 days, the mid-market rate from IDR to MYR has moved slightly. On average, it was 0.0002.
During this same period,there was a high of 0.0003, and a low of 0.0002.
Wise, which is our recommended service to send money online from Indonesia to Malaysia offers 0.0002 MYR per IDR which is only 21.43% above the mid-market rate.
Want to secure the best IDR-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Indonesia to Malaysia!
Payment options for transfers from Indonesia to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Indonesia to Malaysia.
Using a money transfer company such as Western Union Agent for payments from Indonesia to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Western Union Agent is the best money transfer provider for bank transfers of the 4 we compared when sending IDR to Malaysia.
With a fee of 3 IDR to transfer money from Indonesia to Malaysia, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Indonesia to Malaysia is easy with Western Union Agent.
Western Union Agent is a leader in debit card money transfers from Indonesia to Malaysia. They are the best option of the 4 transfer companies compared.
Credit cards
When it comes to credit card transfers from Indonesia to Malaysia, we recommend comparing your options to get the best deal.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and Indonesia.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Indonesia to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IDR to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
