Compare money transfers from Singapore to Malaysia

Best services to transfer money from Singapore to Malaysia

🪙 Cheapest to a bank account	InstaReM
💳 Best with credit card payment	Remitly and InstaReM
💶 Easiest cash pickup	Remitly
🎁 Special offers for first transfers	Wise

When it comes to International fund transfer, understanding in detail about the fund exchange rate, transfer fees, transfer speed, etc. is highly important. People have numerical reason for transferring funds overseas. It might be a business handled overseas, or you might have migrated to Malaysia and want to send money to your parents. Perhaps you might be an entrepreneur or an investor. The reason for transferring funds overseas is unpredictable. People may face different situations to carry out a transfer. Thus it is important to be mindful of the best services available for transferring more Singapore dollars to Malaysia.

How to transfer funds to a Malaysia bank account?

There are many ways available to transfer funds to Malaysia. But all of them will not be effective. Some may offer poor exchange rates or even add hefty fees with bad exchange rates. Thus it is important to choose the best service beforehand the fund exchange is carried out. Typically, all of us are well exposed to bank transfers, but it is not the best choice as there are possibilities for offering poor exchange rates and high transfer fees. Here are the options available for transferring money from Singapore to Malaysia;

• Bank exchange
• PayPal exchange
• Online remittance services
• International fund transfer providers

What is the best service to use

Perhaps, the best way to transfer money generally depends on the exchange amount, payment method, delivery option, and the country to which you’re looking to make the transfer. In most cases, the safest way to transfer money to Malaysia bank account with a high amount of ringgits is to use an online remittance service. They are specialized in providing highly competitive exchange rates, low exchange fees, and fast transfer speed with zero and no hidden commissions, which means the recipient will have more money in hand when an online remittance service is used than the use of banks or other services. They also allow you to make the payment via debit or credit card, by making your transaction process convenient. But identifying the best online remittance service is a complicated task and requires a deep evaluation. Some of the famous online remittance services are; SingX, WorldFirst, WorldRemit, OFX.

How much does a fund transfer cost?

According to a review carried out we found that the cost involves when using an online remittance service is cheap than that of other methods. It could cost a few Singapore dollars and will always depend on the e-transfer amount. However, people can save more money with the use of an online remittance service and also you can compare the total cost upfront the payment is made, which is way useful in making the right choice

Our Advantages

Our guide is specialized in providing you with everything necessary to identify the best fund transfer service in the easiest way. Therefore, we are pretty sure you will save a huge amount of Singapore dollars the next time you’re making a fund transfer to a Malaysian bank account.