If you’re looking for a cost-effective way to send money from Singapore to Malaysia, you’re in the right place.
Tired of getting poor exchange rates from banks or other financial platforms? At YouTrip, we use Wholesale Exchange Rates (also known as the interbank rate, the rate banks use between themselves). These are real-time rates close to the published rates you see on Google, XE.com, and other financial sites. This means no unnecessary markups, just the best SGD to MYR rates you can find. 
Check what’s up with the SGD to MYR rate here before you send!
TL;DR: Sending money to Malaysia with YouTrip
| Quick Answer | Details |
|---|---|
| How | Top up in SGD, tap Transfer Overseas, select MYR, send via Bank Account or DuitNow |
| Speed | Same-day to a bank account, or instant via DuitNow |
| Cost | Wholesale exchange rate with no markup, fee shown upfront, no hidden charges |
| Limits | Up to S$20,000 per transfer, S$100,000 a year |
| Today’s rate | ~3.10 MYR = S$1 (June 2026) — verify the live rate before you send |
Table Of Contents
- Where Do I Start?
- How Much Does It Cost To Transfer Money To Malaysia?
- How Long Does It Take?
- What Are The Transfer Limits?
- Is It Safe To Send Money With YouTrip?
- Save More On Your Overseas Transfers
- FAQs
Where Do I Start?
Here’s how you can send money from Singapore to Malaysia in 6 simple steps:
Transfer money overseas from Singapore to Malaysia in six simple steps:
- Sign up for YouTrip
Don’t have an account yet? Sign up now and use the promo code <YTBLOG5> for free S$5!
- Top up your YouTrip wallet
Make sure your SGD wallet has enough funds by topping up with a Linked Bank Account (eGIRO) or PayNow, so you can start sending money instantly.
- Head to ‘Transfer’ > ‘Transfer Overseas’ > select MYR
- Enter the amount you want to transfer in SGD, then choose your preferred transfer method:
Bank Account or DuitNow
- Tap ‘Set Up Transfer’ > ‘+ Add Recipient’ and enter the required details
- Slide to transfer and voilà! Your recipient will receive the money in MYR, hassle-free!
How Much Does It Cost To Transfer Money From Singapore To Malaysia?
Send money overseas with low transfer fees! You’ll enjoy 100% transparency every step of the way. We show you the fees upfront, so you’ll always know exactly what you’re paying for each transfer. No hidden fees, no guesswork, just savings 
Because every transfer uses the wholesale exchange rate with no markup added on top, what your recipient gets stays close to the mid-market rate, not a marked-up bank rate. On larger transfers, that difference adds up.
How Long Does It Take To Transfer Money From Singapore To Malaysia?
We understand that when it comes to sending money, speed is everything. With YouTrip, you can experience same-day transfers to bank accounts or even instant transfers when you send money to Malaysia via Duitnow.
Depending on the transfer method, some transfers might take longer than a day, but rest assured we’ll keep you updated every step of the way, so you always know where your money is and when it’ll arrive.
What Are The Transfer Limits For Sending Money From Singapore To Malaysia?
Send up to S$20,000 (~62,000 MYR)) at any time or S$100,000 (~310,000 MYR) annually. This annual limit is calculated every 365 days, starting from your first top-up on or after 27th February 2020.
Is It Safe To Send Money To Malaysia From Singapore With YouTrip?
Your security is our top priority. Here’s how we keep your money and data safe:
We utilise bank-grade infrastructure to ensure your funds are always secure, keeping them in segregated accounts with trusted financial institutions to ensure both safety and privacy for every transaction.
As a licensed major payment institution regulated by the Monetary Authority of Singapore (MAS), we’re fully compliant with the highest standards of security and reliability. This includes using the latest security and encryption protocols to keep your data secure, and a 24/7 fraud monitoring system to keep your hard-earned money safe.
Here’s a look at our enhanced security measures as well as how you can directly report an issue with your transaction via the YouTrip app.
FAQs
PayNow on its own is for local Singapore transfers, but you can still reach Malaysia instantly. With YouTrip, top up your wallet via PayNow, then send to a Malaysian bank account or via DuitNow (Malaysia’s instant-payment network). You can send up to S$20,000 per transfer this way, well above the S$1,000 daily cap on the bank PayNow-DuitNow link.
Open the YouTrip app, tap Transfer Overseas, select MYR, then add your recipient as a Bank Account or DuitNow transfer. Enter the amount in SGD, slide to send, and they’ll receive it in ringgit, often the same day or instantly via DuitNow.
For a bank transfer, you’ll need their full name, Malaysian bank name, and account number, exactly as they appear on the account. For a DuitNow transfer, their DuitNow-registered ID (such as a mobile number) is enough.
YouTrip sends at the wholesale exchange rate with no markup added on top, so you’re not losing a few percent to a marked-up bank rate. Check the live rate on our SGD to MYR rate guide before you send, then transfer when you’re happy with it.
This guide covers Singapore to Malaysia transfers. To go the other way, you’d use a Malaysian bank or transfer app, the fees and rates work the same way, so always check the SGD amount that actually lands, not just the headline fee.
Country Guide
Looking to send money to other countries? Here’s how to send money from Singapore to…
Malaysia 
| Indonesia 
| Philippines 
| USA 
| Europe 
| India 
Save More On Your Overseas Transfers With YouTrip
Sending money from Singapore to Malaysia has never been easier, faster, or more affordable. With YouTrip, you’re in control of every part of your transfer, from getting the best rates (with no exchange rate markup!) to full transparency.
And if you’re the one heading across the Causeway, you don’t always need to send money at all. Just tap your YouTrip card to spend in Malaysia at the wholesale rate with zero foreign transaction fees, or withdraw ringgit from a Malaysian ATM, free on your first S$400 each month. Here’s how YouTrip works in Malaysia for trips across the border.
Ready to get started? Sign up for YouTrip today with <YTBLOG5> and experience a smarter way to transfer money from Singapore to Malaysia!
More guides for you:
- A Full Guide To YouTrip’s Overseas Transfer
- International Money Transfer Guide: YouTrip vs Bank Transfers
- Guide To Easy And Cheap Overseas Transfers From Singapore
- Guide To Remittance Services And Money Transfers Near You
The post How To Send Money From Singapore To Malaysia (2026) appeared first on YouTrip Singapore.
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