Send Money from Singapore to Malaysia

There is no single cheapest provider on this corridor — it depends on how much you send and how your recipient is paid. Compare the total amount received in Malaysian ringgits rather than the advertised fee, since the exchange rate margin is usually the larger cost. Bank deposit is typically cheaper than cash pickup.

Delivery ranges from minutes to a few business days depending on the provider and payout method. Instarem can deliver within minutes when you pay by debit card. Bank-funded and economy transfers typically take one to three business days but usually cost less. Transfers sent outside banking hours or over a weekend may not settle until the next working day.

Across the providers we compare, the available payout methods are bank deposit, card payout, cash pickup and mobile wallet. The most widely used options in Malaysia are bank deposit, DuitNow and cash pickup. DuitNow, Malaysia's instant payment rail, is only partly reachable from abroad — most US providers deliver to a conventional bank account instead. Not every provider supports every method, so check the table above before you commit.

No. Remitly and Western Union offer cash pickup in Malaysia, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, bank deposit, DuitNow and cash pickup generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For SGD to MYR, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Singapore under the Monetary Authority of Singapore, which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly S$10,000, a specialist foreign-exchange broker will often beat an app on rate.

Wise charges nothing to send this corridor by bank transfer. Zero, on the provider's own table at 1,000 SGD, confirmed on two separate reads. That makes it the cheapest corridor anywhere on this site — and it changes what you should be comparing. When the fee is nothing, the exchange rate is one hundred percent of the cost, so a rival advertising a fee waiver is not offering you anything Wise is not already giving away. Compare the ringgit that lands, not the fee line. The same table charges 3.22 SGD to send from a Wise balance — money already inside the service — against nothing at all from an outside bank account. Funding from a balance is the route the provider's own guidance usually recommends, and on this corridor it is the more expensive of the two. Wise's debit card figure is not quoted here. Two independent reads of the page on the same day returned 44.18 SGD and 48.74 SGD while the balance and bank rows came back identical to the cent both times. The card rows on these pages move; the others do not, so only the others are published. Three of the four services here take PayNow, Singapore's instant domestic transfer rail, as a pay-in method. It is the cheapest way to get money into any of them from a Singapore bank account, and on Western Union it is one of the two payment methods that unlock the no-fee first transfer. Singapore and Malaysia are a short causeway apart and the corridor is unusually competitive because of it. That is the reason to check all four rather than fewer: the spread between the best and worst option here is wider than the small absolute numbers suggest.