Best companies for EUR/MYR transfers
2 of 2 providers Last updated on 28 September 2026
Based on 7,000 EUR transfer Best companies for EUR/MYR transfers Sort Cheapest
Promoted MoneyGram Pay via Debit card	Fee €1.99 1 EUR = 4.5616 MYR +1.90% vs mid-market	Recipient gets RM 31,931.20 Minutes - 24 hours
2 reviews
Ways to receive money in Malaysia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Cash pickupMinutes - 24 hours €1.001 EUR = 4.5470 MYR RM 31,829.00You pay€7,001.00 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €7.001 EUR = 4.5468 MYR RM 31,827.60You pay€7,007.00
Run a live search Showing top Spain to Malaysia deals for 7,000 EUR. 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 EUR 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 EUR you're planning to spend in Malaysia.
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal.
$0 fee on first online transfers MoneyGram Pay via Debit card	Fee €1.99 1 EUR = 4.5616 MYR +1.90% vs mid-market	Recipient gets RM 31,931.20 Minutes - 24 hours
2 reviews Cheapest
Ways to receive money in Malaysia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Cash pickupMinutes - 24 hours €1.001 EUR = 4.5470 MYR RM 31,829.00You pay€7,001.00 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €7.001 EUR = 4.5468 MYR RM 31,827.60You pay€7,007.00

$0 fee on first online transfers MoneyGram Pay via Credit card	Fee €1.99 1 EUR = 4.5616 MYR +1.90% vs mid-market	Recipient gets RM 31,931.20 Minutes - 24 hours
2 reviews
Ways to receive money in Malaysia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Cash pickupMinutes - 24 hours €1.001 EUR = 4.5470 MYR RM 31,829.00You pay€7,001.00 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €7.001 EUR = 4.5468 MYR RM 31,827.60You pay€7,007.00
$0 fee on first online transfers MoneyGram Pay via Bank transfer	Fee €1.99 1 EUR = 4.5616 MYR +1.90% vs mid-market	Recipient gets RM 31,931.20 Minutes - 24 hours
2 reviews
Ways to receive money in Malaysia with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €1.991 EUR = 4.5616 MYR RM 31,931.20You pay€7,001.99 Cash pickupMinutes - 24 hours €1.001 EUR = 4.5470 MYR RM 31,829.00You pay€7,001.00
Ria Money Transfer Pay via Credit card	Fee €25.00 1 EUR = 4.5645 MYR +1.84% vs mid-market	Recipient gets RM 31,837.31 Minutes - 24 hours
0 reviews FastestRecommended
Ways to receive money in Malaysia with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €25.001 EUR = 4.5645 MYR RM 31,837.31You pay€7,000.00 Mobile walletMinutes - 24 hours €25.001 EUR = 4.5567 MYR RM 31,782.77You pay€7,000.00 Cash pickupMinutes - 24 hours €25.001 EUR = 4.5567 MYR RM 31,782.77You pay€7,000.00

Ria Money Transfer Pay via Debit card	Fee €25.00 1 EUR = 4.5645 MYR +1.84% vs mid-market	Recipient gets RM 31,837.31 Minutes - 24 hours
0 reviews
Ways to receive money in Malaysia with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €25.001 EUR = 4.5645 MYR RM 31,837.31You pay€7,000.00 Mobile walletMinutes - 24 hours €25.001 EUR = 4.5567 MYR RM 31,782.77You pay€7,000.00 Cash pickupMinutes - 24 hours €25.001 EUR = 4.5567 MYR RM 31,782.77You pay€7,000.00
How Our Results Work Mid-market rate: 1 EUR = 4.6491 MYR Updates every 60 minutes.

Why compare

EUR/MYR exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Spain to Malaysia

Pick a company

For a one-off transfer from Spain to Malaysia, I suggest picking MoneyGram, it will get you the most Malaysia

The best option will change depending on the amount, so it's good to to get the best EUR/MYR rate today.

Fund your transfer

You have 3 ways to pay, including debit card, credit card, and bank transfer.

Bizum only works between Spanish accounts and caps at €500, which is why these companies exist in the first place.

Verify and send

First time round you'll need your DNI, or your NIE if you're not Spanish, and a proof of address.

An empadronamiento certificate covers the address if you don't have a bill in your name yet.

Compare amounts

How much EUR are you sending to Malaysia?

How much EUR 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.


€500	-1.17%	€5.99	RM 2,323.38with bank transfer to bank deposit	+RM 41.84
€1,000	-0.69%	€0.00	RM 4,678.60with debit card to bank deposit	+RM 92.15
€2,000	-0.68%	€0.00	RM 9,357.20with debit card to bank deposit	+RM 160.99
€7,000This page	1.90%	€1.99	RM 31,931.20with debit card to bank deposit	+RM 37.56
€10,000	0.46%	€0.00	RM 46,278.48with debit card to bank deposit	+RM 437.33

Mid-market rate: 1 EUR = 4.6491 MYR

Ways to send money from Spain to Malaysia

2 companies send money from Spain to Malaysia, across online, app, and in person, and more.

Monthly remesas abroad

Money transfer apps

Sending monthly remesa is extremely popular in Spain.

Money transfer apps let you save contacts, schedule transfers, and lock-in rates.

Useful if you’re sending €100 to €300 monthly to Malaysia.

MoneyGram charges €1.99 on a €7,000 transfer and pays out 31,931.2 MYR in minutes - 24 hours, often straight into a mobile wallet, so the person receiving doesn't need a bank account.

You can pay for the transfers via debit card, credit card, and bank transfer, but Bizum is usually not accepted as a funding method.

For cash pickup and deposit

In-person transfers

The locutorio on the corner has been sending money home for decades, and for families who need to collect cash the same day, this is the best way.

Pay MoneyGram the €7,000 by card or transferencia, and they can collect cash in Malaysia.

Worth noting, cash transfers are faster than online methods, but usually more expensive, so .

For one-off transfers

Online transfers

For medium sized or one-off transfers to Malaysia, an online money transfer service funded from your bank account is better than any bank.

MoneyGram turns €7,000 into 31,931.2 MYR with a €1.99 fee and 1.9% markup.

Sending large amounts

Currency brokers

Currency brokers are best for sending €10,000+ to Malaysia. This can be things like selling property, moving a pension, moving back home, etc…

Brokers like Regency FX, Key Currency, or TorFX charge no fee on large transfers, just a margin that gets smaller as the amount grows.

You also get an account manager, access to forward contracts, limit orders, and more.

For businesses and autónomos paying abroad

Global accounts

Companies like Wise Business, Payoneer, or Airwallex are best suited for businesses in Spain making payments to Malaysia.

You can pay suppliers and freelancers, process invoices, make batch payments, and much more.

Ways to fund EUR and receive MYR in Malaysia

How you fund the transfer and how your recipient receives it affect the fees and how much MYR they get.

With MoneyGram, paying by debit card and receiving through a bank deposit is the cheapest combination. Sending €7,000 gives your recipient 31,931.2 MYR.

For funding your transfer from Spain, you can use debit card, credit card, and bank transfer.

Bizum only supports domestic transfers in Spain, so it cannot send money to Malaysia directly.

Pay from your Spanish bank account

Deposit your funds with a SEPA Instant (essentially your bank transfer) using your ES IBAN.

It is fast to fund the transfer, although delivery to Malaysia depends on the company's payout time and delivery method.

In Malaysia, the recipient can use bank deposit, mobile wallet, cash pickup, and card deposit to receive money.

Payout is available through All Banks.

Collect cash in Malaysia

Your recipient can collect MYR from a participating MoneyGram location in Malaysia.

1

Debit card Bank deposit

You pay €7,001.99

RM31,931

Cheapest
2

Debit card Mobile wallet

You pay €7,001.99

RM31,931

RM0
3

Credit card Bank deposit

You pay €7,001.99

RM31,931

RM0
4

Credit card Mobile wallet

You pay €7,001.99

RM31,931

RM0
5

Bank transfer Mobile wallet

You pay €7,001.99

RM31,931

RM0

Show moreShow less

6

Bank transfer Bank deposit

You pay €7,001.99

RM31,931

RM0
7

Debit card Cash pickup

You pay €7,001.00

RM31,829

-RM102
8

Credit card Cash pickup

You pay €7,001.00

RM31,829

-RM102
9

Bank transfer Cash pickup

You pay €7,001.00

RM31,829

-RM102
10

Debit card Card deposit

You pay €7,007.00

RM31,828

-RM104
11

Credit card Card deposit

You pay €7,007.00

RM31,828

-RM104

What to consider when sending money from Spain

Here are a few things to know before sending money from Spain to Malaysia.

Find the best EUR/MYR transfer

These are the current best options for sending €7,000 to Malaysia:

Cheapest option

Use RM31,931.2, pay by debit card and choose bank deposit for the payout. Your recipient gets 31,931.2 MYR, which is 0.29% more than the next best option.

Fastest option

With MoneyGram, a debit card payment to bank deposit gives your recipient 31,931.2 MYR in minutes - 24 hours.

SEPA & MYR are different

SEPA and SEPA Instant only work within the Eurozone, and Bizum largely operates in Spain.

Sending EUR to Malaysia is different because it needs a currency conversion.

SEPA or SEPA Instant can be used to fund the transfer itself (since both are in EUR), but it does not guarantee instant transfer to Malaysia.

Expect questions on a large payment

Your bank or transfer company can ask for a justificante showing the source and purpose of a large or unusual transfer.

Keep the sale agreement for property, an invoice for tuition or a bank statement for savings.

Ask your bank to raise its own online transfer limit before the payment is due, rather than splitting a payment to avoid a check.

Staying safe when sending money

A payment or electronic-money institution is not the same as a bank, so do not assume its stored balance has bank deposit protection.

For bank deposits, protection normally comes from the deposit guarantee scheme in the bank's home country.

For a transfer service, check how customer money is safeguarded and avoid leaving a large balance there longer than needed.

When in doubt, use the Banco de Espana register to check the legal entity behind a transfer service.

Live EUR-MYR Exchange Rate

Finding the best rate to send money from Spain to Malaysia

The exchange rate has a direct impact on how much MYR your recipient gets. A weekly comparison makes it easier to judge today's EUR/MYR rate.

Mid-market rate:1 EUR = 4.642073 MYR

How we analyse the market

Every company here is authorised to operate in Spain, and you can check any of them on the Banco de España register yourself.

We track 2 of them on EUR to MYR, comparing fees, rates and the ways money can be paid in and collected. Each one also goes through our own review.

Pricing mostly comes straight from the companies, and anything we collect by hand is marked in the table.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Spain

Send money to Malaysia

How to send money to Malaysia from Spain with the best EUR-MYR rate

Best companies for EUR/MYR transfers