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Transfers to a bank account
The 6 best options to transfer GBP to a bank account in Malaysia
Cash pick-up at an agent location
The 3 best options to send GBP for cash pick-up at agent locations in Malaysia
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We found 9 options available to make a transfer from the United Kingdom to Malaysia.
If you want to transfer to a bank account in in Malaysia, InstaReM is currently the cheapest provider with competitive fees of 0.7 GBP and a competitive GBP-MYR conversion rate (current rate: 1 GBP = 5.2136 MYR).
Adding the fees and exchange rate margin, the total cost with InstaReM is 0.78 GBP, compared to that, the total cost of your transfer would be 8.68 GBP (around 11x as much) if you wanted to use Western Union to make the same transfer.
Two other money transfer providers worth considering for your transfer are Orbit Remit and TransferWise.
If the beneficiary of your transfer wants to be able to pick up in cash in Malaysia, then WorldRemit is at the moment the most competitive option with zero transfer fees and a very competitive GBP-MYR conversion rate (current rate: 1 GBP = 5.0911 MYR).
Adding the fees and exchange rate margin, the total cost for a cash transfer with WorldRemit is 4.62 GBP, but the total cost would be 19.36 GBP if you were to use MoneyGram to make the same transfer.
This recommendation was updated a few minutes ago.
Hi! I'm Pascal and I am in charge of making Monito as helpful as possible for you. Don't hesitate to drop me a line if you have a question, if you need help to understand the results or to find the best operator for your transfer.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. Once you fill out the above form and click on compare, you’ll see a list of all the options to send money between two countries. The cheapest option is at the top, but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Monito is not a money transfer company. We’re here to help you find the best way to send money abroad. Just tell us which country you’re sending money from and which country you want to send money to, and we’ll show you a list of all available services. Once you select the best one for your needs, you'll be redirected to their website to get started with your money transfer.
As much as we try to have complete information and to include as many money transfer companies in our results, we sometimes miss a few. In this case, the best solution would be to write us a short message to let us know what’s missing!