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Send money from Singapore 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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"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."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Best recommended: Wise
Of the 8 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
For example, sending 10,000 SGD to MYR will cost you $31.79 in fees, and you will receive 33,080.8 MYR.
Make your Singapore to Malaysia transfer using Wise for the best mix of cost and speed.
How to send money from Singapore to Malaysia
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Malaysian Ringgit from Singapore.
- Choose a provider
Select the provider offering the best way to send to Malaysia based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Malaysian Ringgit will soon be on their way to Malaysia.
Summary of recent searches
Considerations for money transfers from Singapore to Malaysia
Comparing providers offering services between Singapore and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 8 companies that provide the ability to send Singapore Dollar to Malaysia.
This ensures you get the best options for transfers to Malaysia from Singapore, based on the amount you want to send.
Cheapest way to transfer money to Malaysia from Singapore: Instarem
Of the 8 providers compared, data shows that Instarem is 0.18% cheaper than the second-best option.
The is cost is made up of an average SGD-MYR exchange rate that is 0.09% different to the mid-market rate and an average fee of 65* SGD.
If you want to secure the best rates on a SGD to Malaysia transfer, Instarem will result in the most Malaysian Ringgit received.
Fastest money transfers from Singapore to Malaysia: Wise.
Based on our recent data, transfer time for a $10,000 transfer to Malaysia with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.
Sending money from Singapore to Malaysia through Wise will cost you 31.79 SGD in fees & small markup.
Wise was one of 8 money transfer providers we compared for overall speed of sending money from Singapore to Malaysia. This speed test included depositing Singapore Dollars to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Wise is our best choice for sending from Singapore to Malaysia.
Send large sums of money
From the 8 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Singapore.
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 Singapore.
Understanding the cost of sending money from Singapore to Malaysia
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore to Malaysia.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Malaysian Ringgit for your Singapore Dollar. The current SGD-MYR mid-market rate is 3.3046 MYR per Singapore Dollar.
This rate changes regularly so it can pay to track it. For comparison, the SGD-MYR mid-market rate for the past 7 days has averaged 3.3206 MYR per Singapore Dollar, with a low of 3.3177 and a high of 3.3231.
Wise is currently offering the best exchange rate from the 8 companies compared.
Often the SGD-MYR exchange rate you pay is the biggest cost factor when transferring Singapore Dollars to Malaysia.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Singapore Dollar you’re sending to Malaysia. Instarem currently has the lowest fees for transfers into MYR of just 65 SGD. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Malaysian Ringgit is the biggest indicator of the total cost of sending money to Malaysia from Singapore. The bigger the amount received in Malaysia, the lower the overall cost of sending from Singapore.
Track the exchange rate for Singapore Dollar to Malaysian Ringgit
Sending money at the right time between SGD and MYR can make a huge difference to overall cost. The exchange rate impacts how much MYR you get for your SGD.
Over the last 7 days, the average numbers are:
The exchange rate from SGD to MYR averaged 3.3206 MYR.
The highest value recorded was 3.3231 MYR, while the lowest was 3.3177 MYR.
8 providers currently offer transfers between Singapore and Malaysia close to this rate
Want to secure the best SGD-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 Singapore to Malaysia!
Payment options for transfers from Singapore to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Singapore to Malaysia.
Using a money transfer company such as Instarem for payments from Singapore 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.
Instarem is the best money transfer provider for bank transfers of the 8 we compared when sending SGD to Malaysia.
With a fee of 65 SGD to transfer money from Singapore to Malaysia, Instarem offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Singapore to Malaysia is easy with Wise.
Wise is a leader in debit card money transfers from Singapore to Malaysia. They are the best option of the 8 transfer companies compared.
Credit cards
When it comes to credit card transfers from Singapore 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 Singapore.
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 Singapore to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
