How to send money to Malaysia from the UK with the best GBP-MYR rate

We’ve compared 8 companies, and found TapTap Send to be the cheapest, while Revolut is the fastest.

Sending £6,000 gets you RM32,640 with TapTap Send at 5.4400 MYR per GBP, about 0.03% more than the next best option.

Best companies for GBP/MYR transfers

8 of 8 providers

Last updated on 10 November 2026

Based on 6,000 GBP transfer

Best companies for GBP/MYR transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee £23.21 1 GBP = 5.4528 MYR +0.01% vs mid-market Recipient gets RM 32,590.48 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malaysia with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£23.211 GBP = 5.4528 MYR
RM 32,590.48You pay£6,000.00
Promoted

Xe

Pay via Debit card
Fee £0.00 1 GBP = 5.4153 MYR +0.70% vs mid-market Recipient gets RM 32,491.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Malaysia with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 5.4153 MYR
RM 32,491.80You pay£6,000.00

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Showing top United Kingdom to Malaysia deals for 6,000 GBP. Do a live search with your exact amount for today's best rates.

TapTap Send

Pay via Debit card
Fee £0.00 1 GBP = 5.4400 MYR +0.25% vs mid-market Recipient gets RM 32,640.00 Minutes
Cheapest
Receive to bank account

Ways to receive money in Malaysia with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 GBP = 5.4400 MYR
RM 32,640.00You pay£6,000.00
Mobile walletMinutesAvailable via:BigPay
Free1 GBP = 5.4400 MYR
RM 32,640.00You pay£6,000.00
DuitNowMinutesAvailable via:TNG via DuitNow
Free1 GBP = 5.4400 MYR
RM 32,640.00You pay£6,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 5.4386 MYR +0.27% vs mid-market Recipient gets RM 32,631.83 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Malaysia with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 5.4386 MYR
RM 32,631.83You pay£6,000.00

Wise

Pay via Bank transfer
Fee £23.21 1 GBP = 5.4528 MYR +0.01% vs mid-market Recipient gets RM 32,590.48 Within minutes
Our top pick
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malaysia with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£23.211 GBP = 5.4528 MYR
RM 32,590.48You pay£6,000.00

OFX

Pay via Bank transfer
Fee £0.00 1 GBP = 5.4261 MYR +0.50% vs mid-market Recipient gets RM 32,556.58 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in Malaysia with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 5.4261 MYR
RM 32,556.58You pay£6,000.00

Xe

Pay via Debit card
Fee £0.00 1 GBP = 5.4153 MYR +0.70% vs mid-market Recipient gets RM 32,491.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Malaysia with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 5.4153 MYR
RM 32,491.80You pay£6,000.00

Xe

Pay via Bank transfer
Fee £0.00 1 GBP = 5.4153 MYR +0.70% vs mid-market Recipient gets RM 32,491.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Malaysia with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 5.4153 MYR
RM 32,491.80You pay£6,000.00

Xe

Pay via Credit card
Fee £0.00 1 GBP = 5.4153 MYR +0.70% vs mid-market Recipient gets RM 32,491.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Malaysia with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 5.4153 MYR
RM 32,491.80You pay£6,000.00

Wise

Pay via Debit card
Fee £42.19 1 GBP = 5.4528 MYR +0.01% vs mid-market Recipient gets RM 32,486.98 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malaysia with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£42.191 GBP = 5.4528 MYR
RM 32,486.98You pay£6,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee £50.30 1 GBP = 5.4431 MYR +0.19% vs mid-market Recipient gets RM 32,384.57 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in Malaysia with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£50.301 GBP = 5.4431 MYR
RM 32,384.57You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Only available via Mobile App

WorldRemit

Pay via Debit card
Fee £2.99 1 GBP = 5.3692 MYR +1.55% vs mid-market Recipient gets RM 32,199.39 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in Malaysia with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 2 days
£2.991 GBP = 5.3692 MYR
RM 32,199.39You pay£6,000.00
Card depositMinutes - 2 days
Free1 GBP = 5.3100 MYR
RM 31,859.76You pay£6,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee £0.00 1 GBP = 5.3295 MYR +2.30% vs mid-market Recipient gets RM 31,977.00 Minutes - 24 hours

Ways to receive money in Malaysia with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 5.3295 MYR
RM 31,977.00You pay£6,000.00
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
Free1 GBP = 5.3295 MYR
RM 31,977.00You pay£6,000.00
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
£4.991 GBP = 5.3295 MYR
RM 31,977.00You pay£6,004.99
Cash pickupMinutes - 24 hours
£4.991 GBP = 5.3295 MYR
RM 31,977.00You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee £0.00 1 GBP = 5.3295 MYR +2.30% vs mid-market Recipient gets RM 31,977.00 Minutes - 24 hours

Ways to receive money in Malaysia with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 5.3295 MYR
RM 31,977.00You pay£6,000.00
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
Free1 GBP = 5.3295 MYR
RM 31,977.00You pay£6,000.00
Card depositMinutes - 24 hoursAvailable via:Bank Debit Card
£4.991 GBP = 5.3295 MYR
RM 31,977.00You pay£6,004.99
Cash pickupMinutes - 24 hours
£4.991 GBP = 5.3295 MYR
RM 31,977.00You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee £0.00 1 GBP = 5.3295 MYR +2.30% vs mid-market Recipient gets RM 31,977.00 Minutes - 24 hours

Ways to receive money in Malaysia with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
Free1 GBP = 5.3295 MYR
RM 31,977.00You pay£6,000.00
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 5.3295 MYR
RM 31,977.00You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 5.3295 MYR
RM 31,977.00You pay£6,004.99

Wise

Pay via Credit card
Fee £155.92 1 GBP = 5.4528 MYR +0.01% vs mid-market Recipient gets RM 31,866.83 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malaysia with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
£155.921 GBP = 5.4528 MYR
RM 31,866.83You pay£6,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee £188.00 1 GBP = 5.4431 MYR +0.19% vs mid-market Recipient gets RM 31,635.06 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Malaysia with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£188.001 GBP = 5.4431 MYR
RM 31,635.06You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

How Our Results Work
Mid-market rate: 1 GBP = 5.4534 MYR Updates every 60 minutes.

How to send money from UK to Malaysia

Pick a company

For a one-off GBP transfer to Malaysia, I suggest picking the cheapest option which is TapTap Send.

TapTap Send was the cheapest on 8 of the 30 days it quoted £6,000 transfers to Malaysia.

On a 6,000 GBP transfer, TapTap Send delivers the most MYR.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/MYR rate.

Fund your transfer

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

Paying from your bank is usually the fastest, since most companies connect to your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer the verification is normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Malaysia?

How much GBP 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.

Our analysis shows TapTap Send was the cheapest in 20% of the transfers from £6,000 it quoted, and in 40% of all the transfers it quoted.

Cheapest service
£5000.25%£0.00RM 2,720.00with debit card to bank deposit+RM 32.31
£6000.32%£0.00RM 3,259.20with bank transfer to bank deposit+RM 34.21
£1,0000.19%£0.30RM 5,437.92with bank transfer to bank deposit+RM 54.95
£2,0000.18%£0.00RM 10,880.00with debit card to bank deposit+RM 110.10
£6,000This page0.25%£0.00RM 32,640.00with debit card to bank deposit+RM 346.79
£10,0000.24%£0.00RM 54,400.00with debit card to bank deposit+RM 571.68
£50,0000.25%£0.00RM 271,902.29with bank transfer to bank deposit+RM 2,693.49
£250,0000.20%£0.00RM 1,360,129.29with bank transfer to bank deposit+RM 9,307.04

Mid-market rate: 1 GBP = 5.4534 MYR

GBP/MYR Exchange Rate History

Is today a good time to send money from UK to Malaysia?

The cheapest way to send GBP to MYR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's TapTap Send), across 30 days of comparisons for 6,000 GBP transfers to Malaysia.

MYR received for £6,000, after fees

Tue, 10 Nov 2026Mid-market rateRM 32,720.18 TapTap Send RM 32,640.00TapTap SendRM 32,640.00Regency FXRM 32,631.83WiseRM 32,590.48

32,000
32,200
32,400
32,600
32,800
33,000
At the mid-market rateWith the cheapest optionTapTap SendRegency FXWise
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4081 – RM 32,448.32
Regency FX Cheapest 5.3935 £0.00 RM 32,360.71 −RM 87.61
TapTap Send 5.3900 £0.00 RM 32,340.00 −RM 108.32
Wise 5.4078 £23.21 RM 32,321.17 −RM 127.15
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4077 – RM 32,446.10
Regency FX Cheapest 5.3931 £0.00 RM 32,358.49 −RM 87.61
Wise 5.4080 £23.21 RM 32,322.36 −RM 123.74
TapTap Send 5.3800 £0.00 RM 32,280.00 −RM 166.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.3749 – RM 32,249.39
Xe Cheapest 5.3905 £0.00 RM 32,343.00 +RM 93.61
Regency FX 5.3604 £0.00 RM 32,162.32 −RM 87.07
Wise 5.3733 £23.21 RM 32,115.21 −RM 134.18
TapTap Send 5.3500 £0.00 RM 32,100.00 −RM 149.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4148 – RM 32,488.90
Regency FX Cheapest 5.4002 £0.00 RM 32,401.18 −RM 87.72
TapTap Send 5.3900 £0.00 RM 32,340.00 −RM 148.90
Wise 5.4097 £23.21 RM 32,332.76 −RM 156.14
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4374 – RM 32,624.54
Regency FX Cheapest 5.4227 £0.00 RM 32,536.45 −RM 88.09
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 104.54
Wise 5.4372 £23.21 RM 32,496.82 −RM 127.72
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4292 – RM 32,575.39
TapTap Send Cheapest 5.4300 £0.00 RM 32,580.00 +RM 4.61
Wise 5.4420 £23.21 RM 32,525.57 −RM 49.82
Regency FX 5.4146 £0.00 RM 32,487.44 −RM 87.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4292 – RM 32,575.39
Wise Cheapest 5.4420 £23.21 RM 32,525.57 −RM 49.82
Regency FX 5.4146 £0.00 RM 32,487.44 −RM 87.95
TapTap Send 5.4100 £0.00 RM 32,460.00 −RM 115.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4410 – RM 32,646.11
Regency FX Cheapest 5.4263 £0.00 RM 32,557.97 −RM 88.14
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 126.11
Wise 5.4407 £23.21 RM 32,517.86 −RM 128.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4503 – RM 32,701.94
TapTap Send Cheapest 5.4400 £0.00 RM 32,640.00 −RM 61.94
Regency FX 5.4356 £0.00 RM 32,613.64 −RM 88.30
Wise 5.4511 £23.21 RM 32,579.84 −RM 122.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4651 – RM 32,790.50
Regency FX Cheapest 5.4503 £0.00 RM 32,701.97 −RM 88.53
TapTap Send 5.4500 £0.00 RM 32,700.00 −RM 90.50
Wise 5.4648 £23.21 RM 32,662.02 −RM 128.48
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4730 – RM 32,837.95
Regency FX Cheapest 5.4582 £0.00 RM 32,749.29 −RM 88.66
Wise 5.4733 £23.21 RM 32,713.06 −RM 124.89
TapTap Send 5.4500 £0.00 RM 32,700.00 −RM 137.95
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4643 – RM 32,786.08
TapTap Send Cheapest 5.4500 £0.00 RM 32,700.00 −RM 86.08
Regency FX 5.4496 £0.00 RM 32,697.55 −RM 88.53
Wise 5.4647 £23.21 RM 32,661.42 −RM 124.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4639 – RM 32,783.34
TapTap Send Cheapest 5.4500 £0.00 RM 32,700.00 −RM 83.34
Regency FX 5.4491 £0.00 RM 32,694.82 −RM 88.52
Wise 5.4648 £23.21 RM 32,662.14 −RM 121.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4639 – RM 32,783.34
TapTap Send Cheapest 5.4500 £0.00 RM 32,700.00 −RM 83.34
Regency FX 5.4491 £0.00 RM 32,694.82 −RM 88.52
Wise 5.4648 £23.21 RM 32,662.14 −RM 121.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4539 – RM 32,723.21
TapTap Send Cheapest 5.4400 £0.00 RM 32,640.00 −RM 83.21
Regency FX 5.4391 £0.00 RM 32,634.86 −RM 88.35
Wise 5.4542 £23.21 RM 32,598.61 −RM 124.60
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4444 – RM 32,666.25
TapTap Send Cheapest 5.4300 £0.00 RM 32,580.00 −RM 86.25
Regency FX 5.4297 £0.00 RM 32,578.05 −RM 88.20
Wise 5.4455 £23.21 RM 32,546.73 −RM 119.52
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4205 – RM 32,522.80
Regency FX Cheapest 5.4058 £0.00 RM 32,434.98 −RM 87.82
TapTap Send 5.4000 £0.00 RM 32,400.00 −RM 122.80
Wise 5.4202 £23.21 RM 32,395.22 −RM 127.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4074 – RM 32,444.49
Regency FX Cheapest 5.3928 £0.00 RM 32,356.89 −RM 87.60
TapTap Send 5.3900 £0.00 RM 32,340.00 −RM 104.49
Wise 5.4069 £23.21 RM 32,315.97 −RM 128.52
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4353 – RM 32,611.93
Regency FX Cheapest 5.4206 £0.00 RM 32,523.87 −RM 88.06
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 91.93
Wise 5.4344 £23.21 RM 32,480.09 −RM 131.84
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4370 – RM 32,621.87
Regency FX Cheapest 5.4223 £0.00 RM 32,533.79 −RM 88.08
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 101.87
Wise 5.4340 £23.21 RM 32,477.82 −RM 144.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4368 – RM 32,620.66
Regency FX Cheapest 5.4221 £0.00 RM 32,532.58 −RM 88.08
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 100.66
Wise 5.4340 £23.21 RM 32,477.82 −RM 142.84
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4600 – RM 32,759.76
Regency FX Cheapest 5.4452 £0.00 RM 32,671.31 −RM 88.45
TapTap Send 5.4400 £0.00 RM 32,640.00 −RM 119.76
Wise 5.4603 £23.21 RM 32,635.13 −RM 124.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4681 – RM 32,808.56
Regency FX Cheapest 5.4533 £0.00 RM 32,719.97 −RM 88.59
TapTap Send 5.4500 £0.00 RM 32,700.00 −RM 108.56
Wise 5.4683 £23.21 RM 32,682.88 −RM 125.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4816 – RM 32,889.73
Regency FX Cheapest 5.4668 £0.00 RM 32,800.93 −RM 88.80
TapTap Send 5.4600 £0.00 RM 32,760.00 −RM 129.73
Wise 5.4799 £23.21 RM 32,752.51 −RM 137.22
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4565 – RM 32,738.95
Xe Cheapest 5.4459 £0.00 RM 32,675.40 −RM 63.55
Regency FX 5.4418 £0.00 RM 32,650.56 −RM 88.39
TapTap Send 5.4400 £0.00 RM 32,640.00 −RM 98.95
Wise 5.4573 £23.21 RM 32,617.20 −RM 121.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4384 – RM 32,630.20
Regency FX Cheapest 5.4237 £0.00 RM 32,542.10 −RM 88.10
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 110.20
Wise 5.4383 £23.21 RM 32,503.88 −RM 126.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4250 – RM 32,549.71
Regency FX Cheapest 5.4103 £0.00 RM 32,461.82 −RM 87.89
TapTap Send 5.4100 £0.00 RM 32,460.00 −RM 89.71
Wise 5.4203 £23.21 RM 32,396.17 −RM 153.54
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4292 – RM 32,575.29
Regency FX Cheapest 5.4146 £0.00 RM 32,487.34 −RM 87.95
TapTap Send 5.4100 £0.00 RM 32,460.00 −RM 115.29
Wise 5.4203 £23.21 RM 32,396.17 −RM 179.12
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4417 – RM 32,650.24
Regency FX Cheapest 5.4270 £0.00 RM 32,562.08 −RM 88.16
Wise 5.4414 £23.21 RM 32,521.87 −RM 128.37
TapTap Send 5.4200 £0.00 RM 32,520.00 −RM 130.24
Exchange rateFeeRecipient getsDifference
Mid-market rate 5.4534 – RM 32,720.18
TapTap Send Cheapest 5.4400 £0.00 RM 32,640.00 −RM 80.18
Regency FX 5.4386 £0.00 RM 32,631.83 −RM 88.35
Wise 5.4528 £23.21 RM 32,590.48 −RM 129.70

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more MYR per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 2 of the last 30 days.

Right now, TapTap Send pays 32,640 MYR on 6,000 GBP, which is 80.18 MYR less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 32,800.93 MYR.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Malaysia.

We've tracked 238 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

  1. TapTap SendAppeared in 238 comparisons

    Cheapest in 40% of them

  2. Regency FXAppeared in 117 comparisons

    Cheapest in 74% of them

  3. WiseAppeared in 238 comparisons

    Cheapest in 3% of them

Based on 238 comparisons across 8 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today TapTap Send is the cheapest and gets you the most MYR, but it was the cheapest in only 40% of the 238 comparisons it appeared in over the past month.

If it's a one-off transfer, go with TapTap Send, since it's the cheapest right now.

Ways to send money from the UK to Malaysia

There are many ways to send money to Malaysia from the UK, including app, currency broker, online, multi-currency account, global business account, and in person, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Malaysia, say weekly or monthly, an app like TapTap Send is the easiest and cheapest way to do it.

It charges £0 in fees, has 0.25% markup, lets you save recipient details, and MYR will arrive in minutes.

Over the past month, TapTap Send was the cheapest app on 77% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized MYR transfers, around £1,000 - £5,000.

Online companies like Wise often have higher limits and/or first time promos.

Of the 8 companies we compared, Wise is the cheapest online service and will get you RM32,590.48 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 24 of the 30 days it quoted.

For large transfers

Brokers

Currency brokers like Regency FX are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).

You get a dedicated account manager to handle your transfer to Malaysia, and real human support.

Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/MYR rate.

The markup gets better the more GBP you send, so we suggest .

Our analysis shows Regency FX was the cheapest broker in 97% of the transfers from £6,000 it quoted.

For spending and receiving

Multi-currency accounts

Multi-currency accounts let you hold and spend Malaysian Ringgit abroad like a local.

Wise offers the best multi-currency account.

With it, converting £6,000 to MYR will get you RM32,590.48 after fees.

If you don’t have MYR in your account, your GBP will auto-convert whenever you pay with Wise in Malaysia.

Once you have MYR in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Malaysia, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Ways to fund GBP and receive MYR in Malaysia

Pay-in and pay-out methods will affect how much GBP you deposit and how much MYR your recipient gets. Use the table below to see how different options change how much you pay and what they get.

The overall best and cheapest way to send £6,000 to Malaysia is via TapTap Send, using a debit card to deposit GBP and bank deposit to receive MYR.

Depositing GBP

You have 3 pay-in options for transfers to Malaysia, including bank transfer, debit card, and credit card.

The cheapest pay-in option is bank transfer.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is credit card.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Malaysia

Money can reach Malaysia by bank deposit, mobile wallet, card deposit, DuitNow, and cash pickup, and each delivery method comes with its own fees.

The cheapest way to receive money in Malaysia is with bank deposit on average.

Receiving cash

MoneyGram is the cheapest option for cash pickup (getting you RM31,977 on a £6,000 transfer).

Mobile wallets

You can receive MYR into a mobile wallet, which is useful since they don't need a bank account.

  1. 1
    Debit card Bank deposit

    You pay £6,000.00

    RM32,640

    Cheapest

  2. 2
    Debit card Mobile wallet

    You pay £6,000.00

    RM32,640

    RM0

  3. 3
    Debit card DuitNow

    You pay £6,000.00

    RM32,640

    RM0

  4. 4
    Bank transfer Bank deposit

    You pay £6,000.00

    RM32,632

    -RM8

  5. 5
    Credit card Bank deposit

    You pay £6,000.00

    RM32,492

    -RM148

Show moreShow less
  1. 6
    Debit card Card deposit

    You pay £6,004.99

    RM31,977

    -RM663

  2. 7
    Debit card Cash pickup

    You pay £6,004.99

    RM31,977

    -RM663

  3. 8
    Bank transfer Mobile wallet

    You pay £6,000.00

    RM31,977

    -RM663

  4. 9
    Bank transfer Cash pickup

    You pay £6,004.99

    RM31,977

    -RM663

  5. 10
    Credit card Mobile wallet

    You pay £6,000.00

    RM31,977

    -RM663

  6. 11
    Credit card Card deposit

    You pay £6,004.99

    RM31,977

    -RM663

  7. 12
    Credit card Cash pickup

    You pay £6,004.99

    RM31,977

    -RM663

Consider this when sending GBP to Malaysia

There are a few nuances you should consider before sending GBP to Malaysia such as limits, taxes, and safety.

Compare GBP/MYR transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Malaysia:

Cheapest way to send money to Malaysia

The cheapest way is to use TapTap Send, pay in with a debit card and withdraw via bank deposit. You will get RM32,640, which is 0.03% more than the next best option.

Fastest way to send money to Malaysia

The fastest way is to use Revolut via bank transfer deposit and bank deposit for pay out. You get RM32,384.57 and it will arrive in within minutes.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/MYR transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with TapTap Send will get you 32,640 MYR, that’s including £0 fee and 0.25% in exchange rate markup.

Taxes on money transfers

There is no UK tax for the act of sending money to Malaysia.

And, regular gifts from your normal income are free of inheritance tax straight away, with no cap and no seven-year wait, as long as you can still cover your usual living costs.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 8 regulated companies offering money transfers from the UK to Malaysia in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/MYR pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 238 comparisons across 8 amounts.

This page covers the cheapest and fastest options for GBP/MYR transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on how we work:

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