Save on your overseas transfers from Singapore to Malaysia with the best rates anytime, anywhere via DuitNow and Bank Transfer! Send Malaysian ringgit to your loved ones in a flash (with no hidden fees).
Looking for the most cost-effective way to send money from Singapore to Malaysia? Enjoy fast, secure, and hassle-free transfers when you send money to Malaysia with YouTrip!
*Screenshot taken as of 23 Oct 2024
Getting poor exchange rates from banks or other financial platforms? At YouTrip, we utilise Wholesale Exchange Rates. This means you get real-time exchange rates that are close to the published rates you see on Google, XE.com, and other financial sites. That means no unnecessary markups or hidden fees — just the best MYR rates.
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:
1️⃣ Sign up for YouTrip
Don’t have an account yet? Sign up now and use the promo code <YTBLOG5> for free S$5!
2️⃣ Top up your YouTrip wallet
Ensure your SGD wallet has sufficient funds by topping up with a Linked Bank Account (eGIRO) or PayNow to start sending money instantly
3️⃣ Click ‘Transfer’ > ‘Transfer Overseas’ > Select MYR
4️⃣ Enter the amount you want to transfer in SGD > ‘Set Up Transfer’ > ‘+ Add Recipient’
5️⃣ Choose your preferred transfer method:
- Bank Account
- DuitNow
6️⃣ Hit send 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 💰
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 that we’ll keep you updated every step of the way so you always know where your money is and when it’ll arrive.
What is the limit for transferring money from Singapore to Malaysia?
Send up to S$20,000 (~65,917 MYR) at any time or S$100,000 (~328,471 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?
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.
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 aspect of your transfer — from getting the best exchange rates to full transparency.
Ready to get started? Sign up today with <YTBLOG5> and experience a smarter way to transfer money from Singapore to Malaysia.
