Cost to send money from Malaysia to Indonesia
Sending MYR 610 from Malaysia to Indonesia cost 4.80% of the amount on average in Q3 2025, across 36 services surveyed by the World Bank. The lowest cost was 1.29% (CBL Money Transfer) and the highest 12.25%. MYR 610 is the World Bank's standard amount for this corridor, set as the equivalent of US$200. A year earlier, in Q3 2024, the average was 4.77%.
| Average total cost (US$200 equivalent) | 4.80% |
| Average total cost (US$500 equivalent) | 3.46% |
| Average FX margin | 2.54% |
| Money transfer operators | 3.28% across 26 services |
| Banks | 9.51% across 9 services |
| Surveyed | 8 Jul 2025 to 4 Sep 2025, 22 providers |
Every service surveyed, cheapest first
Total cost is the fee plus the FX margin, as a share of MYR 610.
| Provider | Type | Pay by | Receive as | Speed | Fee | FX margin | Total cost |
|---|---|---|---|---|---|---|---|
| CBL Money Transfer | Money Transfer Operator | Bank account transfer | Bank account | Less than one hour | MYR 7.00 | 0.14% | 1.29% |
| CBL Money Transfer | Money Transfer Operator | Bank account transfer | Mobile wallet | Less than one hour | MYR 7.00 | 0.14% | 1.29% |
| CBL Money Transfer | Money Transfer Operator | Debit card | Mobile wallet | Less than one hour | MYR 7.00 | 0.14% | 1.29% |
| GPL Remittance | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 8.00 | 0.20% | 1.51% |
| Wise | Money Transfer Operator | Bank account transfer | Bank account | Less than one hour | MYR 10.53 | 0.02% | 1.75% |
| Western Union | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 5.00 | 1.21% | 2.03% |
| Pos Malaysia | Post Office | Cash | Cash | Less than one hour | MYR 15.00 | -0.43% | 2.03% |
| Max Money | Money Transfer Operator | Bank account transfer | Cash | Same day | MYR 10.00 | 0.77% | 2.41% |
| WorldRemit | Money Transfer Operator | Bank account transfer | Bank account | Same day | MYR 7.50 | 1.47% | 2.70% |
| WorldRemit | Money Transfer Operator | Debit card | Bank account | Same day | MYR 7.50 | 1.47% | 2.70% |
| E-remit | Money Transfer Operator | Bank account transfer | Bank account | Next day | MYR 11.00 | 0.97% | 2.77% |
| Akbar Money Changer | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 10.00 | 1.19% | 2.83% |
| Ria | Money Transfer Operator | Debit card | Bank account | Less than one hour | MYR 14.00 | 0.76% | 3.06% |
| Ria | Money Transfer Operator | Bank account transfer | Bank account | Less than one hour | MYR 14.00 | 0.76% | 3.06% |
| Ria | Money Transfer Operator | Debit card | Cash | Less than one hour | MYR 14.00 | 0.76% | 3.06% |
| Merchantrade Money Transfer | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 15.00 | 0.67% | 3.13% |
| Western Union | Money Transfer Operator | Bank account transfer | Cash | Less than one hour | MYR 14.00 | 0.94% | 3.24% |
| IME (International Money Express) | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 12.00 | 1.40% | 3.37% |
| E-remit | Money Transfer Operator | Bank account transfer | Cash | Next day | MYR 15.00 | 0.97% | 3.43% |
| MoneyGram | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 14.00 | 1.51% | 3.81% |
| Valyou | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 15.00 | 1.42% | 3.88% |
| Valyou | Money Transfer Operator | Bank account transfer | Cash | Less than one hour | MYR 15.00 | 1.42% | 3.88% |
| EZ Money | Money Transfer Operator | Cash | Bank account | Same day | MYR 18.00 | 1.25% | 4.20% |
| EZ Money | Money Transfer Operator | Cash | Cash | Less than one hour | MYR 18.00 | 1.25% | 4.20% |
| Valyou | Money Transfer Operator | Bank account transfer | Bank account | 2 days | MYR 12.00 | 4.12% | 6.09% |
| Valyou | Money Transfer Operator | Bank account transfer | Cash | Less than one hour | MYR 12.00 | 4.24% | 6.21% |
| Maybank | Bank | Bank account transfer | Bank account | 2 days | MYR 10.00 | 4.66% | 6.30% |
| KL Remit Xchange | Money Transfer Operator | Bank account transfer | Cash | Less than one hour | MYR 15.00 | 5.70% | 8.16% |
| CIMB Group (Cash Laju) | Bank | Bank account transfer | Bank account | 2 days | MYR 10.00 | 6.72% | 8.36% |
| CIMB Group (Cash Laju) | Bank | Bank account transfer | Own/partner Bank account | 2 days | MYR 10.00 | 6.72% | 8.36% |
| RHB Bank | Bank | Bank account transfer | Bank account | 2 days | MYR 25.00 | 5.34% | 9.44% |
| HLB SuperRemit | Bank | Bank account transfer | Bank account | Less than one hour | MYR 20.00 | 6.41% | 9.69% |
| CIMB Group (Cash Laju) | Bank | Bank account transfer | Bank account | 2 days | MYR 20.00 | 6.67% | 9.95% |
| CIMB Group (Cash Laju) | Bank | Bank account transfer | Own/partner Bank account | 2 days | MYR 20.00 | 6.67% | 9.95% |
| HLB (Hong Leong Bank) | Bank | Bank account transfer | Bank account | 2 days | MYR 30.00 | 6.36% | 11.28% |
| Al-Rajhi Bank | Bank | Bank account transfer | Bank account | 3-5 days | MYR 30.00 | 7.33% | 12.25% |
How the cost has moved
The average was 6.07% in Q2 2016, the first quarter in this series with data for the corridor, and 4.80% in Q3 2025.
The UN target
The UN Sustainable Development Goals aim to bring the global average cost of sending remittances below 3% by 2030 and to remove corridors costing more than 5%. The World Bank measures the 5% test on the average of the three cheapest qualifying services in each corridor, not on the corridor average. source In this corridor the three cheapest services surveyed averaged 1.29% (a plain average, without the World Bank's qualifying rules).
Related
Frequently asked questions
How much does it cost to send money from Malaysia to Indonesia?
Sending MYR 610 from Malaysia to Indonesia cost 4.80% of the amount on average in Q3 2025, across 36 services surveyed by the World Bank. The lowest cost was 1.29% (CBL Money Transfer) and the highest 12.25%. MYR 610 is the World Bank's standard amount for this corridor, set as the equivalent of US$200. A year earlier, in Q3 2024, the average was 4.77%.
Which service cost least from Malaysia to Indonesia?
In the World Bank's Q3 2025 survey the lowest total cost was 1.29% of MYR 610, from CBL Money Transfer. Costs change with exchange rates, so check current prices with each provider.
Where Polynopsis fits
The companies surveyed here move money across borders every day, and many of them prefund payout partners in the receiving country. Polynopsis is liquidity software for those companies: one live position across their banks, payout partners and wallets, with a warning before a corridor runs dry.
Data: World Bank, Remittance Prices Worldwide (complete dataset, licensed CC BY 4.0). Averages and charts are worked out by Polynopsis from that dataset. Services without a US$200 quote are left out of the averages, so a few corridors differ slightly from the World Bank site. Each corridor uses the local send amount the World Bank set as the equivalent of US$200; where that amount is now worth much less than US$200, fixed fees make the percentage cost higher.
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
Why it is called Polynopsis · About Polynopsis · Glossary · Corridor runway calculator