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Send money from United States 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."
"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."
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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."
"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."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
HSBCRecipient gets (MYR)RM 28,559.14Not recommended
Capital OneRecipient gets (MYR)RM 28,378.29Not recommended
PayPalRecipient gets (MYR)RM 27,214.78Not recommended
"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."
"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."
Best recommended: Wise
Of the 9 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
For example, sending 7,000 USD to MYR will cost you $32.79 in fees, and you will receive 29,422.53 MYR.
Make your United States to Malaysia transfer using Wise for the best mix of cost and speed.
How to compare deals on your United States to Malaysia transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from the United States to Malaysia.
- Choose a provider
Select the provider that offers you the best value & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Malaysia from the United States.
Summary of recent searches
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Considerations for money transfers from United States to Malaysia
Comparing providers offering services between the United States and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 9 companies that provide the ability to send US Dollar to Malaysia.
This ensures you get the best options for transfers to Malaysia from the United States, based on the amount you want to send.
Cheapest way to send money to Malaysia from the United States: Regency FX
They offer a fee of 0 USD and exchange rate between USD-MYR that is 0.27% different to the mid-market rate.
In comparison, Regency FX is 0.09% cheaper than the second-best option.
To secure affordable and great rates on a USD to Malaysia transfer, Regency FX is our recommended choice.
Fastest money transfers from United States to Malaysia: Wise.
Based on our recent data, transfer time for a $7,000 transfer to Malaysia with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.
Sending money from the United States to Malaysia through Wise will cost you 32.79 USD in fees & small markup.
Wise was one of 9 money transfer providers we compared for overall speed of sending money from the United States to Malaysia. This speed test included depositing US Dollars 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 States to Malaysia.
Send large sums of money
From the 9 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from the United States.
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 the United States.
Understanding the cost of transferring money from United States to Malaysia
The total cost of money transfers from United States to Malaysia is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for USD-MYR is currently 4.231 MYR per US Dollar. Providers offering services closer to this rate will ensure more Malaysian Ringgit for your US Dollars.
To give a historic average, over the last 7 days the USD-MYR mid-market rate has been 4.2232 MYR per US Dollar, this has had a high of 4.233 and a low of 4.2175.
From the 9 companies compared, Wise offers the best exchange rate on transfers to Malaysia and the United States.
Generally, the exchange rate you receive on converting USD to MYR will be the biggest factor impacting the cost of sending US Dollars to Malaysia.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Regency FX, just 0 USD per transfer. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Malaysian Ringgit. Simply, the higher the amount received in the United States, the lower the cost of sending from Malaysia.
Finding the best exchange rate for US Dollar to Malaysian Ringgit
Timing is essential for sending money between USD and MYR. The exchange rate you secure impacts how much MYR you get for your USD.
Over the last week, here’s what we’ve seen:
The exchange rate from USD to MYR averaged 4.2232 MYR.
The highest value recorded was 4.233 MYR, while the lowest was 4.2175 MYR.
There are currently 9 providers offering transfers between the United States and Malaysia close to this rate
Want to secure the best USD-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 States to Malaysia!
Payment options for transfers from United States to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from the United States to Malaysia.
Using a money transfer company such as Regency FX for payments from the United States 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.
Regency FX is the best money transfer provider for bank transfers of the 9 we compared when sending USD to Malaysia.
With a fee of 0 USD to transfer money from the United States to Malaysia, Regency FX offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from the United States to Malaysia is easy with Xe.
Xe is a leader in debit card money transfers from the United States to Malaysia. They are the best option of the 9 transfer companies compared.
Credit cards
When it comes to credit card transfers from the United States to Malaysia, we recommend comparing your options to get the best deal.
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 States.
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 States to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD 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
