Companies for transfers to Malaysia
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Send money anytime, anywhere with the TalkRemit app. There's zero fees on your first transaction and you're able to send to family and friends in over 40 countries."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Dahabshiil specialises in secure, affordable international money transfers, offering services across 120+ countries. It provides low fees, fast transactions, and mobile wallet options.
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
Best recommended: Wise
Of the 12 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 100% of Canada to Malaysia searches, and was the top rated company supporting CAD to MYR transfers.
Make your Canada to Malaysia transfer using Wise for the best mix of cost and speed.
How to get the best deal on your Canada to Malaysia transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to Malaysia.
- Choose a provider
Select the provider that offers you the best value & service for your needs
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations for money transfers from Canada to Malaysia
Comparing providers offering services between Canada and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 12 companies that provide the ability to send Canadian Dollar to Malaysia.
This ensures you get the best options for transfers to Malaysia from Canada, based on the amount you want to send.
Cheapest way to send money to Malaysia from Canada: Remitbee
Data collected over the past six months shows that Remitbee is 0.1% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Malaysia transfer, make sure you pick Remitbee to send your money online.
*The most common fee applied to CAD-MYR by Remitbee, based on data from the past six months.
Fastest money transfers from Canada to Malaysia: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from Canada to Malaysian Ringgit in 50% of instances.
Over the last six months, sending money from Canada to Malaysia through Paysend have an average fee of 0 CAD.
Paysend was one of 12 money transfer providers we compared for overall speed of sending money from Canada to Malaysia. This speed test included depositing Canadian Dollars to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Paysend is our best choice for sending from Canada to Malaysia.
Send large sums of money
From the 12 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Canada.
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 Canada.
Understanding the costs involved when moving money from Canada to Malaysia
When calculating the costs of money transfers between Canada and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the CAD-MYR mid-market rate equals 3.139 MYR per Canadian Dollar.
The CAD-MYR average exchange rate for the past three months has been 3.2219 MYR per Canadian Dollar, with a high of 3.2256 and a low of 3.2126.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to MYR.
How to find the best exchange rate for Canada to Malaysia
Timing is essential for sending money between CAD and MYR. The exchange rate you secure impacts how much MYR you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to MYR has seen some fluctuation. On average, it stood at 3.2219.
During this period, the highest value recorded was 3.2256, while the lowest was 3.2126.
Wise, which is our recommended service to send money online from Canada to Malaysia offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Malaysia!
Payment options for transfers from Canada to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Canada to Malaysia.
Using a money transfer company such as Remitbee for payments from Canada 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.
Remitbee is the best money transfer provider for bank transfers of the 12 we compared when sending CAD to Malaysia.
With an average fee of 0 CAD to transfer money from Canada to Malaysia, Remitbee offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Canada to Malaysia is easy with Wise.
Wise is a leader in debit card money transfers from Canada to Malaysia. They are the best option of the 12 transfer companies compared.
Credit cards
When it comes to credit card transfers from Canada to Malaysia, is the top choice of the 12 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 Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Canada to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
