Send Money To Malaysia
Personal
Business
From
United States
USD
To
Malaysia
MYR
1 USD equals
4.508 MYR
Updated on December 21, 2024
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Score
Transfer Now
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.
Transfer Options
Bank transfer- Debit card (UK only)
- BPAY (Australia only)
- Direct debit (U.S. only)
Features
0.4% margin for new customers referred by iCompareFX- Fee-free transfers
- Scheduled transfers
- Online and phone transfers
Best For
Pay no fees for personal transfers- Get competitive exchange rates
- Lets you schedule transfers with ease
Trading in some currencies possible only over the phone- Website access only in English
Transfer Options
- Bank Transfer
- BPAY (Australia)
Features
- Fee-free transfers
- Competitive exchanges rates
- Limit orders
- Multilingual website and customer service
Best For
- No fees for personal transfers
- Accepts payments in several currencies
- Target specific rates using limit orders
- No debit or credit card payments
- No scheduled transfers
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.
Transfer Options
- Bank Transfer
- Debit / Credit card
- Google / Apply Pay
- POLi (Australia)
Features
- Bank account transfers and cash transfers
- Mobile airtime and mobile wallets top up
- Home delivery of transferred funds
- Multicurrency WorldRemit Wallet
- Multilingual website
Best For
- Transfers to cash pickup locations
- Transparent rates and fees
- Low minimum transfer amount
- No hedging tools
- No scheduled transfers
Transfer Options
- Bank Transfer
- Credit Card
- Debit Card
- Country specific alternatives
Features
- Transparent fee structure
- Send money to email addresses
- Multicurrency account with debit card
- Multilingual website & app
Best For
- User friendly mobile app
- Multi-currency account
- Travel debit card
- No scheduled transfers
- No dedicated account manager
Transfer Options
- Bank transfer
- Debit card
- Credit card
- Bank debit
Features
Best For
Jump to a section
How to send money to Malaysia
Step 1
Review and compare the competition, sign up
Review and compare the competition, sign up
Review and compare your money transfer options before selecting the best provider.
Sign up with the company you choose as an individual or a business by entering the required information.
Your service provider might need details from a valid government-issued ID document to verify your identity.
Step 2
Examine exchange rate history before fInalizing the transfer
Examine exchange rate history before fInalizing the transfer
Go through historical MYR exchange rates to determine how it fares against your home currency at any point in time.
If you are ready to send money to Malaysia, ask your service provider for a rate quote by informing them about the amount you wish to transfer.
Finalizing the transfer requires that you accept the quote.
The rate on offer is then locked, and you need to provide the recipient's Malaysian bank account details.
Step 3
Processing the transfer
Processing the transfer
To transfer money to Malaysia, you need to pay your service provider first. Once it receives your payment, it transfers funds to the recipient's local bank account.
How long the transfer process takes might depend on the payment method, your country of residence, and the recipient's bank.
You may track online the progress of your transfer. You might also receive text or email notifications from your service provider.
Convert USD to MYR
Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
USD
MYR
Sending money online through specialist money transfer companies.
Expect to receive between RM446.29 and RM449 when sending money from USD to MYR at today's exchange rate.
Compare that to sending money overseas through retail banks. Expect to receive approximately RM428.26, not including additional banking fees. That is an average saving of RM19.38.
Expect to receive between RM446.29 and RM449 when sending money from USD to MYR at today's exchange rate.
Compare that to sending money overseas through retail banks. Expect to receive approximately RM428.26, not including additional banking fees. That is an average saving of RM19.38.
Currency exchange rate in the last 30 days
Need more information?
Read useful guides on international remittance and more detailed reviews on the best money transfer services.
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