Panda Remit is the cheapest way to send money from Canada to Malaysia based on the 11 companies we analyzed, giving your recipient 2,902.77 MYR from $1,000.
| 11 of 11 providers Last updated on 28 September 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/MYR transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $6.81 1 CAD = 2.8855 MYR -0.01% vs mid-market | Recipient gets RM 2,865.86 Same day | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $6.811 CAD = 2.8855 MYR RM 2,865.86You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $1.99 1 CAD = 2.8310 MYR +1.90% vs mid-market | Recipient gets RM 2,831.00 6-12 Hours | |
Ways to receive money in Malaysia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,001.99 Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,004.99 Cash pickup6-12 Hours $5.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,005.99 | |||
Run a live search Showing top Canada to Malaysia deals for 1,000 CAD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live CAD to MYR rates. | |||
Run a live search These companies offer multi-currency accounts for spending MYR. We suggest doing a live search based on how much CAD you're planning to spend in Malaysia. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
 Panda Remit Pay via Bank Transfer | Fees: $8.99 1 CAD = 2.9291 MYR -1.51% vs mid-market | Recipient gets RM 2,902.77 6-12 Hours | |
Ways to receive money in Malaysia with Panda Remit when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $8.991 CAD = 2.9291 MYR RM 2,902.77You pay$1,000.00 | |||
 Remitbee Pay via Debit Card | Fees: $0.00 1 CAD = 2.8826 MYR +0.09% vs mid-market | Recipient gets RM 2,882.60 Next Day | |
Ways to receive money in Malaysia with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 2.8826 MYR RM 2,882.60You pay$1,000.00 | |||
| Remitbee Pay via Interac | Fees: $0.00 1 CAD = 2.8826 MYR +0.09% vs mid-market | Recipient gets RM 2,882.60 Next Day | |
Ways to receive money in Malaysia with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 2.8826 MYR RM 2,882.60You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 2.8826 MYR +0.09% vs mid-market | Recipient gets RM 2,882.60 Next Day | |
Ways to receive money in Malaysia with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 2.8826 MYR RM 2,882.60You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 2.8826 MYR +0.09% vs mid-market | Recipient gets RM 2,882.60 Next Day | |
Ways to receive money in Malaysia with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 2.8826 MYR RM 2,882.60You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $3.92 1 CAD = 2.8838 MYR +0.05% vs mid-market | Recipient gets RM 2,872.51 Within minutes | |
Ways to receive money in Malaysia with Koho when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $3.921 CAD = 2.8838 MYR RM 2,872.51You pay$1,000.00 DuitNowWithin minutesAvailable via:DuitNow $3.921 CAD = 2.8838 MYR RM 2,872.51You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 2.8693 MYR +0.55% vs mid-market | Recipient gets RM 2,869.30 6-12 Hours | |
Ways to receive money in Malaysia with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 2.8693 MYR RM 2,869.30You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 2.8693 MYR +0.55% vs mid-market | Recipient gets RM 2,869.30 6-12 Hours | |
Ways to receive money in Malaysia with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 2.8693 MYR RM 2,869.30You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 2.8664 MYR +0.65% vs mid-market | Recipient gets RM 2,866.41 6-12 Hours | |
Ways to receive money in Malaysia with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 2.8664 MYR RM 2,866.41You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $6.81 1 CAD = 2.8855 MYR -0.01% vs mid-market | Recipient gets RM 2,865.86 Same day | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $6.811 CAD = 2.8855 MYR RM 2,865.86You pay$1,000.00 | |||
 TapTap Send Pay via Debit Card | Fees: $0.00 1 CAD = 2.8600 MYR +0.88% vs mid-market | Recipient gets RM 2,860.00 Minutes | |
Ways to receive money in Malaysia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 CAD = 2.8600 MYR RM 2,860.00You pay$1,000.00 Mobile walletMinutesAvailable via:BigPay Free1 CAD = 2.8600 MYR RM 2,860.00You pay$1,000.00 DuitNowMinutesAvailable via:TNG via DuitNow Free1 CAD = 2.8600 MYR RM 2,860.00You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $12.51 1 CAD = 2.8855 MYR -0.01% vs mid-market | Recipient gets RM 2,849.41 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $12.511 CAD = 2.8855 MYR RM 2,849.41You pay$1,000.00 | |||
 Remitly Pay via Debit Card | Fees: $1.99 1 CAD = 2.8437 MYR +1.45% vs mid-market | Recipient gets RM 2,843.70 2 Days | |
Ways to receive money in Malaysia with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days $1.991 CAD = 2.8437 MYR RM 2,843.70You pay$1,001.99 | |||
| Remitly Pay via Credit Card | Fees: $22.02 1 CAD = 2.8437 MYR +1.45% vs mid-market | Recipient gets RM 2,843.70 2 Days | |
Ways to receive money in Malaysia with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $22.021 CAD = 2.8437 MYR RM 2,843.70You pay$1,022.02 | |||
| Remitly Pay via Bank Transfer | Fees: $0.99 1 CAD = 2.8437 MYR +1.45% vs mid-market | Recipient gets RM 2,843.70 2 Days | |
Ways to receive money in Malaysia with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days $0.991 CAD = 2.8437 MYR RM 2,843.70You pay$1,000.99 | |||
| Remitly Pay via Interac | Fees: $0.99 1 CAD = 2.8437 MYR +1.45% vs mid-market | Recipient gets RM 2,843.70 2 Days | |
Ways to receive money in Malaysia with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days $0.991 CAD = 2.8437 MYR RM 2,843.70You pay$1,000.99 | |||
| Wise Pay via Debit Card | Fees: $17.83 1 CAD = 2.8855 MYR -0.01% vs mid-market | Recipient gets RM 2,834.06 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $17.831 CAD = 2.8855 MYR RM 2,834.06You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $1.99 1 CAD = 2.8310 MYR +1.90% vs mid-market | Recipient gets RM 2,831.00 6-12 Hours | |
Ways to receive money in Malaysia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,001.99 Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,004.99 Cash pickup6-12 Hours $5.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $1.99 1 CAD = 2.8310 MYR +1.90% vs mid-market | Recipient gets RM 2,831.00 6-12 Hours | |
Ways to receive money in Malaysia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,001.99 Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,004.99 Cash pickup6-12 Hours $5.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $1.99 1 CAD = 2.8310 MYR +1.90% vs mid-market | Recipient gets RM 2,831.00 6-12 Hours | |
Ways to receive money in Malaysia with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,001.99 Bank deposit6-12 HoursAvailable via:All Banks $4.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,004.99 Cash pickup6-12 Hours $5.991 CAD = 2.8310 MYR RM 2,831.00You pay$1,005.99 | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 2.8235 MYR +2.16% vs mid-market | Recipient gets RM 2,823.53 Next Day | |
Ways to receive money in Malaysia with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 2.8235 MYR RM 2,823.53You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 2.8235 MYR +2.16% vs mid-market | Recipient gets RM 2,823.53 Next Day | |
Ways to receive money in Malaysia with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 2.8235 MYR RM 2,823.53You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $32.58 1 CAD = 2.8855 MYR -0.01% vs mid-market | Recipient gets RM 2,791.50 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $32.581 CAD = 2.8855 MYR RM 2,791.50You pay$1,000.00 | |||
 Ria Money Transfer Pay via Debit Card | Fees: $45.00 1 CAD = 2.9065 MYR -0.74% vs mid-market | Recipient gets RM 2,775.71 6-12 Hours | |
Ways to receive money in Malaysia with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $45.001 CAD = 2.9065 MYR RM 2,775.71You pay$1,000.00 Mobile wallet6-12 Hours $45.001 CAD = 2.9065 MYR RM 2,775.71You pay$1,000.00 Cash pickup6-12 Hours $45.001 CAD = 2.9065 MYR RM 2,775.71You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 2.9065 MYR -0.74% vs mid-market | Recipient gets RM 2,717.58 6-12 Hours | |
Ways to receive money in Malaysia with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $65.001 CAD = 2.9065 MYR RM 2,717.58You pay$1,000.00 Mobile wallet6-12 Hours $65.001 CAD = 2.9065 MYR RM 2,717.58You pay$1,000.00 Cash pickup6-12 Hours $65.001 CAD = 2.9065 MYR RM 2,717.58You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 2.8852 MYR Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Panda Remit at 2,902.77 MYR on $1,000.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 6 ways to pay, including debit card, bank transfer, credit card, interac, bill payment, and cash deposit.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
First time round you'll need a photo ID, and often where the money came from.
Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.
How much CAD you send to Malaysia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | 0.07% | $0.00 | RM 288.26with debit card to bank deposit | +RM 17.57 | |
| $500 | 0.10% | $0.00 | RM 1,441.30with debit card to bank deposit | +RM 27.00 | |
| $1,000This page | -1.51% | $8.99 | RM 2,902.77with bank transfer to bank deposit | +RM 57.98 | |
| $10,000 | 0.08% | $0.00 | RM 28,826.00with debit card to bank deposit | +RM 207.32 | |
| $50,000 | $0.00 | RM 144,130.00with debit card to bank deposit | +RM 21,522.41 |
Mid-market rate: 1 CAD = 2.8852 MYR
There are 11 companies sending money to India, but how you send depends on your needs.
Most common option
Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.
Bring $1,000 in cash to the closest Remitly location, and your recipient picks up 2,843.7 MYR within minutes.
Cash transfers cost more
Cash transfer to Malaysia is usually the most expensive option, compare your options above to get the best deal.
For transfers home
An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.
Panda Remit charges $8.99 in fees and adds -1.51% markup, so your $1,000 delivers 2,902.77 MYR in 6-12 hours.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of 11 online companies, Panda Remit is the cheapest and currently gets you 2,902.77 MYR on a $1,000 transfer after a $8.99 fee and -1.51% markup.
Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.
For large transfers from Canada
For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.
Brokers like OFX charge no fees but add 0.65% on CAD/MYR interbank rate.
The markup gets lower the more you send, with an account manager handling it end to end.
If you're sending large amounts. expect more questions about the transfers, so have statements and documents ready to avoid delays.
If you already have one
Some neobanks in Canada include international transfers with no transfer fee as part of the account.
Koho sends your $1,000 for $3.92 in fees with 0.05% markup.
It's a good option for small ocasional transfers, but I still suggest .
For businesses paying abroad
Global accounts handle the business side, paying suppliers, contractors and overseas invoices in MYR.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
For spending abroad and getting paid
If part of your life runs in MYR, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.
Wise lets you hold CAD and MYR, and convert between them at low cost.
For example, converting $1,000 costs $6.81 in fees at -0.01% markup, which gets you 2,865.86 MYR.
With Panda Remit, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 2,902.77 MYR.
Deposit CAD using debit card, bank transfer, credit card, interac, bill payment, and cash deposit.
I suggest using Interac e-Transfer for simplicity
Follow the company's Interac instructions and check the business name before sending.
Do not send to an email address supplied outside the company's app or website.
The recipient can receive MYR through bank deposit, mobile wallet, duitnow, and cash pickup.
For a bank deposit payout, you will need the recipient's bank details in Malaysia.
You pay $1,000.00
RM2,903
Cheapest
You pay $1,000.00
RM2,883
-RM20
You pay $1,000.00
RM2,883
-RM20
You pay $1,000.00
RM2,883
-RM20
You pay $1,000.00
RM2,873
-RM30
You pay $1,000.00
RM2,869
-RM33
You pay $1,000.00
RM2,860
-RM43
You pay $1,000.00
RM2,860
-RM43
You pay $1,005.99
RM2,831
-RM72
You pay $1,001.99
RM2,831
-RM72
You pay $1,005.99
RM2,831
-RM72
You pay $1,001.99
RM2,831
-RM72
You pay $1,004.99
RM2,831
-RM72
You pay $1,005.99
RM2,831
-RM72
Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.
For a $1,000 transfer to Malaysia, these are the cheapest, fastest and easiest options available now.
Best way to send money to Malaysia
Panda Remit is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,902.77 MYR, which is 0.69% more than the next best option.
Fastest way to send money to Malaysia
TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 2,860 MYR in minutes.
An Interac e-Transfer cannot go directly to a recipient in Malaysia.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
There is no C$10,000 legal cap on electronic transfers from Canada.
A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.
The bank or transfer company makes that report, you do not file it yourself.
But you may be asked for proof of where the money came from.
Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.
Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.
Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.
Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.
If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.
If you live in Quebec, also confirm that it is allowed to provide money services there.
The rate has a direct impact on the MYR amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 2.881222 MYR
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 11 FINTRAC-registered companies sending CAD to Malaysia, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
Each goes through our review. More on who we are, why you can trust us and getting started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
Advanced filters
Advanced filters
Tailor this money transfer comparison to your needs.
Show companies that support specific transfer features.
Only show providers with user feedback and reviews.
Hide selected providers from the CAD/MYR comparison.
Money Transfer Comparison
Fill in the form and we’ll find you the best rates.
Please share your experience with …