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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Send money anytime, anywhere with the TalkRemit app. There's zero fees on your first transaction and you're able to send to family and friends in over 40 countries."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
Best recommended: Wise
Of the 18 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 100% of Spain to Malaysia searches, and was the top rated company supporting EUR to MYR transfers.
Make your Spain to Malaysia transfer using Wise for the best mix of cost and speed.
How to send money from Spain to Malaysia
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Malaysian Ringgit from Spain.
- Choose a provider
Select the provider offering the best way to send to Malaysia based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Malaysian Ringgit will soon be on their way to Malaysia.
Summary of recent searches
Considerations for money transfers from Spain to Malaysia
Comparing providers offering services between Spain and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 18 companies that provide the ability to send Euro to Malaysia.
This ensures you get the best options for transfers to Malaysia from Spain, based on the amount you want to send.
Cheapest way to send money to Malaysia from Spain: TalkRemit
The cost is a combination of an average fee of 0* EUR and an exchange rate for converting Euro to Malaysian Ringgit that is 0.02% different to the mid-market rate.
On average, TalkRemit is 0% cheaper than the second-best option.
We would recommend TalkRemit for low cost, affordable transfers from Malaysian Ringgits to Malaysia.
*The most common fee applied to EUR-MYR by TalkRemit, based on data from the past six months.
Fastest money transfers from Spain to Malaysia: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from Spain to Malaysian Ringgit in 100% of instances.
Over the last six months, sending money from Spain to Malaysia through Paysend have an average fee of 0 EUR.
Paysend was one of 18 money transfer providers we compared for overall speed of sending money from Spain to Malaysia. This speed test included depositing Euros to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Paysend is our best choice for sending from Spain to Malaysia.
Send large sums of money
From the 18 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Spain.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.
As such, we recommend Wise for large transfers between Malaysia and Spain.
Understanding the cost of moving money to Malaysia from Spain
The total cost of money transfers to Malaysia from Spain, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for EUR-MYR is 4.686 MYR per Euro.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Malaysian Ringgit for your Euros.
On average for the last three months, the EUR-MYR mid-market rate has been 4.9432 MYR per Euro. This hit a high of 5.0915, and a low of 4.657.
From the 18 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting EUR to MYR.
Fees: Some money transfers between Spain and Malaysia will be subject to fees. TalkRemit has had an average fee of 0 EUR per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Malaysian Ringgit eventually received in Malaysia.
This number should guide you, as a higher amount of money received in Malaysia means a better overall cost of sending money from Spain.
Getting best exchange rate for transferring Euro to Malaysian Ringgit
When transferring money between EUR and MYR, timing can make a huge difference. The exchange rate you secure impacts how much MYR you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the mid-market rate from EUR to MYR has fluctuated slightly. On average, it was 4.9432.
Across this six month period, the highest value recorded was 5.0915, while the lowest was 4.657.
Wise, which is our recommended service to send money online from Spain to Malaysia offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best EUR-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Spain to Malaysia!
Payment options for transfers from Spain to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Spain to Malaysia.
Using a money transfer company such as TalkRemit for payments from Spain to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
TalkRemit is the best money transfer provider for bank transfers of the 18 we compared when sending EUR to Malaysia.
With an average fee of 0 EUR to transfer money from Spain to Malaysia, TalkRemit offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Spain to Malaysia is easy with Wise.
Wise is a leader in debit card money transfers from Spain to Malaysia. They are the best option of the 18 transfer companies compared.
Credit cards
When it comes to credit card transfers from Spain to Malaysia, Xe is the top choice of the 18 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Spain to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
