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Companies for transfers from United Kingdom to Malaysia
"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."
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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."
"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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Card-to-card transfers can be received in just two minutes."
"Send money to over 40 destinations online and in the mobile app."
"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."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Best recommended: Wise
Of the 17 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 100% of United Kingdom to Malaysia searches, and was the top rated company supporting GBP to MYR transfers.
Make your United Kingdom to Malaysia transfer using Wise for the best mix of cost and speed.
How to compare companies offering money transfers from United Kingdom to Malaysia
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Malaysia. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Malaysia.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations for money transfers from United Kingdom to Malaysia
Comparing providers offering services between the United Kingdom and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 17 companies that provide the ability to send Pound Sterling to Malaysia.
This ensures you get the best options for transfers to Malaysia from the United Kingdom, based on the amount you want to send.
Cheapest way to send money to Malaysia from the United Kingdom: Revolut
Data collected through our comparison over the past six months shows that Revolut is % cheaper than the second-best option.
The cost is made up of an average fee of 0* GBP and an exchange rate for buying Malaysian Ringgit with Pound Sterling that is 0.17% different to the mid-market rate.
If you want to secure the best rates on a United Kingdom to Malaysia transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Malaysia.
*The most common fee applied to GBP-MYR by Revolut, based on data from the past six months.
Fastest money transfers from United Kingdom to Malaysia: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from the United Kingdom to Malaysian Ringgit in 80% of instances.
Over the last six months, sending money from the United Kingdom to Malaysia through Wise have an average fee of 6.99 GBP.
Wise was one of 17 money transfer providers we compared for overall speed of sending money from the United Kingdom to Malaysia. This speed test included depositing Pound Sterlings to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Wise is our best choice for sending from United Kingdom to Malaysia.
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to Malaysia, they will keep you safe and relaxed while your money moves into MYR.
Understanding the costs involved when transferring money to Malaysia from United Kingdom
When calculating the cost of sending money from the United Kingdom to Malaysia, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-MYR mid-market rate is 5.5881 MYR per Pound Sterling. Finding a provider as close to this number as possible will ensure more Malaysian Ringgit for your money.
As a comparison, the GBP-MYR mid-market rate for the past three months has averaged 5.8217 MYR per Pound Sterling, hitting a high of 6.0805 and a low of 5.6049.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and Malaysia.
Often the GBP-MYR exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Malaysia.
Fees: Transfer fees are charged on top of a transfer. Revolut currently offers lowest fees, at an average of 0 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Malaysian Ringgit is the biggest indicator in the total cost of sending money to the United Kingdom from Malaysia. The higher the total amount received in Malaysia, the lower the cost of sending from the United Kingdom.
Tracking the exchange rate for Pound Sterling to Malaysian Ringgit
Getting a better exchange rate between GBP and MYR can make a huge difference to the overall cost of sending money.
Over the last six months, between the United Kingdom and Malaysia, the average numbers are:
GBP to MYR saw an average 5.8217 MYR mid-market rate.
The highest point was 6.0805 MYR, while the lowest was 5.6049 MYR.
17 providers are currently offering transfers between the United Kingdom and Malaysia.
Want to secure the best GBP-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 United Kingdom to Malaysia!
Payment options for transfers from United Kingdom to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from the United Kingdom to Malaysia.
Using a money transfer company such as Revolut for payments from the United Kingdom 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.
Revolut is the best money transfer provider for bank transfers of the 17 we compared when sending GBP to Malaysia.
With an average fee of 0 GBP to transfer money from the United Kingdom to Malaysia, Revolut offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from the United Kingdom to Malaysia is easy with Wise.
Wise is a leader in debit card money transfers from the United Kingdom to Malaysia. They are the best option of the 17 transfer companies compared.
Credit cards
When it comes to credit card transfers from the United Kingdom to Malaysia, is the top choice of the 17 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 United Kingdom.
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 United Kingdom to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP 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
