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Compare rates and fees for sending money to Malaysia
There are multiple ways to easily send and receive money in Malaysia but these will largely depend on the provider you decide to use.
What’s the Fastest Way to Send Money to Malaysia?
The quickest way for money transfer to Malaysia is through the faster options offered by companies such as Western Union and Ria Money Transfer. For the sake of not spending a fortune on speed, we recommend you use the fast option with Ria Money Transfer.
In either case, you can expect your money to arrive at its Malaysian destination in a matter of minutes.
What’s the Cheapest Way to Send Money Online to Malaysia?
The cheapest way to send moneyonline to Malaysia is through OFX (if you are sending large amounts). OFX charges a very small currency exchange fee that is determined by the amount of money being transferred. The more money you transfer through OFX, the better deal you end up getting. On the lower end, OFX takes 1% of the transfer. However, as you send more money, this rate declines to the eventual lowest possible rate of 0.4%. The only catch is that they do carry a minimum transfer amount.
If you need to transfer small amounts of money regularly, than Ria Money Transfer and Wise offer similarly low prices, but only for smaller transfers. For Ria Money Transfer, use the slow option to save money.
What’s the Easiest Way to Send Money to Malaysia?
TransferWise is the easiest way to send funds online to Malaysia. As a peer-to-peer system, TransferWise has a nice, streamlined process for sending cash online to Malaysia. All you need to do is follow three simple steps:
Tap in the amount of money to be sent
Tap in the destination
Pay TransferWise for the transaction.
Wait one or two days for the funds to arrive
What’s the Overall Best Way to Transfer Money to Malaysia?
The overall best way to send money online to Malaysia is through Wise. Wise offers the best balance between cost, ease of use, and speed that you’ll find for Malaysia.
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