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Find the best ways to transfer money from United States to Malaysia

Compare the best deals on transfers from the United States to Malaysia. Explore the cheapest, fastest, and most reliable providers with the best USD to MYR exchange rates.

Read on for the insights and in-depth analysis, and all you need to send money to Malaysia from United States.

Transferring the other way? Send MYR from Malaysia to United States instead.
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Best recommended: Wise

Wise is our top pick for sending US Dollar to Malaysia.

Of the 16 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.

Wise appeared in 84.4% of United States to Malaysia searches, and was the top rated company supporting USD to MYR transfers.

Make your United States to Malaysia transfer using Wise for the best mix of cost and speed.

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How to compare deals on your United States to Malaysia transfer

Summary of recent searches

Top rated for transfers from United States to Malaysia
Wise
Total number of US - MY providers
16
Average cheapest fees & rate
Revolut
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Revolut
Best for debit card
Wise
Best for credit card
Wise

Considerations for money transfers from United States to Malaysia

1
Compare providers

Comparing providers offering services between the United States and Malaysia, based on your specific needs is the best way to send money with confidence.

Our comparison includes 16 companies that provide the ability to send US Dollar to Malaysia.

This ensures you get the best options for transfers to Malaysia from the United States, based on the amount you want to send.

2
Watch the US Dollar-Malaysian Ringgit exchange rate
3
Choose the right payment method
4
Use providers regulated in Malaysia and United States
5
Consider transfer limits
6
Receiving money in Malaysia
7
Have your ID ready
8
Tax declarations

Cheapest way to send money to Malaysia from the United States: Revolut

Revolut offers the cheapest combination of low fees and competitive exchange rates of the 16 providers we compared.

They offer an average fee of 0* USD and exchange rate between USD-MYR that is 0.16% different to the mid-market rate.

In comparison, Revolut is 0.3% cheaper than the second-best option.

To secure affordable and great rates on a USD to Malaysia transfer, Revolut is our recommended choice.

*The most common fee applied to USD-MYR by Revolut, based on data from the past six months.

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Fastest money transfers from United States to Malaysia: Wise.

Of the 16 money transfer companies tested, Wise offered the quickest way to send US Dollars to Malaysia.

Through our comparison, we found Wise to be the fastest option to transfer money from the United States to Malaysian Ringgit in 43.4% of instances.

Over the last six months, sending money from the United States to Malaysia through Wise have an average fee of 13.89 USD.

Wise was one of 16 money transfer providers we compared for overall speed of sending money from the United States to Malaysia. This speed test included depositing US Dollars to an account and the average timeframe for sending money to Malaysia.

When fast transfers are a priority, Wise is our best choice for sending from United States to Malaysia.

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Send large sums of money

Transferring bigger amounts of money to Malaysia from the United States needs a strong exchange rate and effective management of the transfer.

From the
16 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from the United States.

Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.

As such, we recommend Wise for large transfers between Malaysia and the United States.

Understanding the cost of transferring money from United States to Malaysia

The total cost of money transfers from United States to Malaysia is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

The Mid-Market and Exchange Rates: The mid-market rate for USD-MYR is currently 4.3403 MYR per US Dollar. Providers offering services closer to this rate will ensure more Malaysian Ringgit for your US Dollars.

  • To give a historic average, over the last three months the USD-MYR mid-market rate has been 4.4306 MYR per US Dollar, this has had a high of 4.7725 and a low of 4.1245.

  • From the 16 companies compared, Wise offers the best exchange rate on transfers to Malaysia and the United States.

  • Generally, the exchange rate you receive on converting USD to MYR will be the biggest factor impacting the cost of sending US Dollars to Malaysia.

Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut at an average of 0 USD per transfer over the last 6 months. In all cases, we recommend searching for your exact send amount as fees may change.

Amount Received: Money transfer companies will show you the amount eventually received in Malaysian Ringgit. Simply, the higher the amount received in the United States, the lower the cost of sending from Malaysia.

Finding the best exchange rate for US Dollar to Malaysian Ringgit

Timing is essential for sending money between USD and MYR. The exchange rate you secure impacts how much MYR you get for your USD.

Mid-market Rate
1
= 4.340336 MYR

Over the last six months, here’s what we’ve seen:

  • The exchange rate from USD to MYR averaged 4.4306 MYR.

  • The highest value recorded was 4.7725 MYR, while the lowest was 4.1245 MYR.

  • There are currently 16 providers offering transfers between the United States and Malaysia close to this rate

Want to secure the best USD-Malaysian Ringgit exchange rates?

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Payment options for transfers from United States to
Malaysia

  • Bank transfers

    Bank transfers are often the fastest and cheapest way to send money from the United States to Malaysia.

    Using a money transfer company such as Revolut for payments from the United States to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


    Revolut is the best money transfer provider for bank transfers of the 16 we compared when sending USD to Malaysia.

    With an average fee of 0 USD to transfer money from the United States to Malaysia, Revolut offers a great combination of competitive exchange rates and lower fees.


  • Prepaid and debit cards

    Sending money with a debit card from the United States to Malaysia is easy with Wise.


    Wise is a leader in debit card money transfers from the United States to Malaysia. They are the best option of the 16 transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from the United States to Malaysia, Instarem is the top choice of the 16 companies offering this service.

    Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and United States.


Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money from United States to Malaysia.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to MYR.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

How much money can be transferred from United States to Malaysia?
Are there any tax implications to sending money from United States to Malaysia?
Can I send money from United States to Malaysia with MoneyTransfers.com?
What are the typical transfer fees for sending US Dollars to Malaysia through various providers?
How long does it take to send money from United States to Malaysia?
What is the best exchange rate I can get for sending money from United States to Malaysia?
Are there any minimum or maximum transfer amounts for sending money from United States to Malaysia?
Can I schedule regular transfers between United States and Malaysia?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.