We compared 8 companies sending money from the United States to Malaysia. TapTap Send is the best and cheapest, while Revolut is the fastest.
Sending $7,000 with TapTap Send gets your recipient 28,350 MYR at 4.0500 MYR per USD.
| 8 of 8 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze USD/MYR exchange rates from our comparisons. | |||
| Based on 7,000 USD transfer Best companies for USD/MYR transfersAll money transfer offers for USD/MYR transfers, sorted by most MYR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee $30.68 1 USD = 4.0455 MYR 0.00% vs mid-market | Recipient gets RM 28,194.38 Same day | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $30.681 USD = 4.0455 MYR RM 28,194.38You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 USD = 4.0193 MYR +0.65% vs mid-market | Recipient gets RM 28,135.10 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4.0193 MYR RM 28,135.10You pay$7,000.00 | |||
Run a live search Showing top United States to Malaysia deals for 7,000 USD. 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 USD 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 USD you're planning to spend in Malaysia. | |||
Run a live search These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal. | |||
 TapTap Send Pay via Debit card | Fee $0.00 1 USD = 4.0500 MYR -0.11% vs mid-market | Recipient gets RM 28,350.00 Minutes | |
Ways to receive money in Malaysia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 USD = 4.0500 MYR RM 28,350.00You pay$7,000.00 Mobile walletMinutesAvailable via:BigPay Free1 USD = 4.0500 MYR RM 28,350.00You pay$7,000.00 DuitNowMinutesAvailable via:TNG via DuitNow Free1 USD = 4.0500 MYR RM 28,350.00You pay$7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 4.0347 MYR +0.27% vs mid-market | Recipient gets RM 28,242.72 Minutes - 24 hours | |
Ways to receive money in Malaysia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4.0347 MYR RM 28,242.72You pay$7,000.00 | |||
| Wise Pay via Bank transfer | Fee $30.68 1 USD = 4.0455 MYR 0.00% vs mid-market | Recipient gets RM 28,194.38 Same day | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $30.681 USD = 4.0455 MYR RM 28,194.38You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 USD = 4.0254 MYR +0.50% vs mid-market | Recipient gets RM 28,177.59 Minutes - 24 hours | |
Ways to receive money in Malaysia with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4.0254 MYR RM 28,177.59You pay$7,000.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 USD = 4.0193 MYR +0.65% vs mid-market | Recipient gets RM 28,135.10 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4.0193 MYR RM 28,135.10You pay$7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Cash deposit | Fee $60.79 1 USD = 4.0179 MYR +0.69% vs mid-market | Recipient gets RM 28,125.30 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $60.791 USD = 4.0179 MYR RM 28,125.30You pay$7,060.79 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee $40.50 1 USD = 4.0371 MYR +0.21% vs mid-market | Recipient gets RM 28,095.91 Within minutes | |
Ways to receive money in Malaysia with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $40.501 USD = 4.0371 MYR RM 28,095.91You pay$7,000.00 | |||
| 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. | |||
| $0 fee on first online transfers MoneyGram Pay via Debit card | Fee $1.99 1 USD = 4.0065 MYR +0.97% vs mid-market | Recipient gets RM 28,045.50 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Card depositMinutes - 24 hoursAvailable via:Bank Debit Card $1.991 USD = 4.0065 MYR RM 28,045.50You pay$7,001.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $0.991 USD = 4.0051 MYR RM 28,035.70You pay$7,000.99 Bank depositMinutes - 24 hoursAvailable via:All Banks $1.991 USD = 3.9777 MYR RM 27,843.90You pay$7,001.99 Cash pickupMinutes - 24 hours $75.991 USD = 3.9345 MYR RM 27,541.50You pay$7,075.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee $74.99 1 USD = 4.0065 MYR +0.97% vs mid-market | Recipient gets RM 28,045.50 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Card depositMinutes - 24 hoursAvailable via:Bank Debit Card $74.991 USD = 4.0065 MYR RM 28,045.50You pay$7,074.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $1.991 USD = 4.0051 MYR RM 28,035.70You pay$7,001.99 Bank depositMinutes - 24 hoursAvailable via:All Banks $1.991 USD = 3.9777 MYR RM 27,843.90You pay$7,001.99 Cash pickupMinutes - 24 hours $5.991 USD = 3.9345 MYR RM 27,541.50You pay$7,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $210.00 1 USD = 4.0051 MYR +1.01% vs mid-market | Recipient gets RM 28,035.70 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $210.001 USD = 4.0051 MYR RM 28,035.70You pay$7,210.00 Bank depositMinutes - 24 hoursAvailable via:All Banks $177.991 USD = 3.9777 MYR RM 27,843.90You pay$7,177.99 Cash pickupMinutes - 24 hours $179.991 USD = 3.9345 MYR RM 27,541.50You pay$7,179.99 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee $2.99 1 USD = 4.0050 MYR +1.01% vs mid-market | Recipient gets RM 28,023.37 Minutes - 2 days | |
Ways to receive money in Malaysia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days $2.991 USD = 4.0050 MYR RM 28,023.37You pay$7,000.00 | |||
| Xe Pay via Debit card | Fee $35.00 1 USD = 4.0193 MYR +0.65% vs mid-market | Recipient gets RM 27,994.42 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $35.001 USD = 4.0193 MYR RM 27,994.42You pay$7,000.00 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 4.0193 MYR +0.65% vs mid-market | Recipient gets RM 27,291.05 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 4.0193 MYR RM 27,291.05You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 4.045598 MYR Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then TapTap Send is the best option.
For recurring transfers, I'd suggest using an app or a multi-currency account with TapTap Send.
For large transfers using a broker like Regency FX is the best option.
If your recipient needs cash, MoneyGram is the cheapest.
How much you send will affect the best option for you right now.
You have 4 ways to pay for your transfer to Malaysia, including bank transfer, debit card, credit card, and cash deposit.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
There are 8 companies available for sending money from the US to Malaysia, across app, broker, online, multi-currency account, global account, and in person, and more.
For regular transfers home
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
TapTap Send charges $0 on a $7,000 transfer with -0.11% markup, saves your recipient's details for next time, and MYR arrives in minutes.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
Sending without a US bank account
Paying in cash at an agent can work without a US bank account.
The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.
Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 28,125.3 MYR in minutes - 24 hours.
However, transfers funded with cash or a money order carry a 1% federal tax from January 2021. To avoid it, fund with a debit card or bank account instead (most agents take both).
For one-off transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Malaysia.
Of all online companies listed here, Wise gets you the most MYR per USD.
On a $7,000 transfer, you will get 28,194.38 MYR after a $30.68 fee and 0% markup.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
For large transfers to Malaysia (e.g. a property purchase, tuition, or moving to Malaysia), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/MYR that gets lower the more you send.
It's also good to check Wise since you get a bulk discount on transfers over $25,000.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
Holding & spending currencies
A multi-currency account like Wise is the best for holding and receiving MYR.
This is useful for traveling to Malaysia, building up MYR balance, or receiving payments in MYR.
Wise converts $7,000 at 0% markup plus small fee and holds the MYR until you spend it.
With TapTap Send, paying by debit card and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 28,350 MYR.
Deposit USD by bank transfer, debit card, credit card, and cash deposit.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but the it may take some time for it to clear before a money transfer company can send the money to Malaysia.
You can deposit cash
You'll need to visit nearest MoneyGram branch and had over $7,000.
MoneyGram is the cheapest option and will get you 28,125.3 MYR on $7,000 transfer after fees.
Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Malaysia.
Your recipient in Malaysia can collect MYR through bank deposit, mobile wallet, duitnow, card deposit, and cash pickup.
They can collect cash in Malaysia
Your recipient can collect MYR from a participating MoneyGram location in Malaysia.
They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.
You pay $7,000.00
RM28,350
Cheapest
You pay $7,000.00
RM28,350
RM0
You pay $7,000.00
RM28,350
RM0
You pay $7,000.00
RM28,243
-RM107
You pay $7,060.79
RM28,125
-RM225
You pay $7,001.99
RM28,046
-RM305
You pay $7,074.99
RM28,046
-RM305
You pay $7,001.99
RM28,036
-RM314
You pay $7,210.00
RM28,036
-RM314
You pay $7,177.99
RM27,844
-RM506
You pay $7,075.99
RM27,542
-RM809
You pay $7,005.99
RM27,542
-RM809
You pay $7,179.99
RM27,542
-RM809
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
Cheapest way to send money to Malaysia
The cheapest option is TapTap Send, funded by debit card with bank deposit for the payout. Your recipient gets 28,350 MYR, which is 0.38% more than the next best option.
Fastest way to send money to Malaysia
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 28,095.91 MYR, with the money arriving in within minutes.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, TapTap Send is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Malaysia.
While TapTap Send may not always be the cheapest or fastest way to send MYR, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
The rate changes how much MYR your recipient gets for your USD. Recent movement gives you a useful benchmark before you send.
Mid-market rate:1 USD = 4.044501 MYR
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Malaysia and United States.
We work with leading money transfer companies to provide real time fees and exchange rates.
We also conduct detailed company reviews, combined with in-depth analysis, we can offer the best deals on the market - every time you want to transfer money from United States to Malaysia.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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