How to send money to Malaysia
Find out how to transfer money to Malaysia with the best providers with these 4 steps
1. Check the MYR exchange rate against your sending currency
Even though the evolution of the exchange rate is unpredictable, it can help you save money to stay on top of it to optimize how many your recipient will receive. You should use our smart exchange rate alerts to stay updated about the MYR mid-market rate against your currency.
2. Find the most interesting deal by comparing the 13 available providers.
There are many services able to send money to Malaysia, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. Sending money with the best money transfer provider from the available options is a sure way to save money.
3. Pick the best service based on your criteria
Do you need to make a transfer to Malaysia at the lowest overall cost, as quickly as possible or with the best rated provider?
It is also interesting to have a look at the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most often available payment methods to send money to Malaysia online. On the recipient's side in Malaysia, choose if you need the money to be transferred to your recipient's account or received in cash (from an agent location).
4. Sign up and start your money transfer to Malaysia with the service you selected
Visit the provider's website to complete the sign-up process (you usually have to give information to prove your identity), and provide the details of your money transfer to Malaysia.