Send Money To Malaysia

Personal
Business
From
United States Flag
United States
USD
To
Malaysia Flag
Malaysia
MYR
1 USD equals
4.07 MYR
Updated on November 27, 2020
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
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

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
71
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
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

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

TransferWise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Malaysia

      How To Step Icon
      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.
      How To Step Icon
      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.
      How To Step Icon
      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 RM402.88 and RM405.32 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 RM386.6, not including additional banking fees. That is an average saving of RM17.5.
      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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