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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."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"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."
"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."
Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 66.7% of Malaysia to the United States searches in the last 6 months, and was the top rated company out of 5 that support MYR to USD.
So for a great blend of cost, speed & features, make your Malaysia to the United States transfer using Wise.
How to to send from Malaysia to United States in the best way
- Always compare rates
Money transfers to United States should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Malaysia to the United States.
- Choose a provider
Select the provider that offers you the best value on your Malaysian Ringgit & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the United States.
Summary of recent searches
Get the most from sending money from Malaysia to United States
Comparing providers offering services between Malaysia and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire MYR-USD market and have compared 5 providers offering services between Malaysia and the United States.
This ensures you will get the most comprehensive options for sending Malaysian Ringgit to the United States.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Malaysia to the United States transfer needs.
Cheapest way to transfer money to the United States from Malaysia: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
Instarem offers this through a combination of an average 513,896.66* MYR fee per transfer and exchange rate between MYR-USD that is 0.15% different to the mid-market rate
If you want the cheapest way to send Malaysian Ringgit to the United States, Instarem is our recommended choice.
*The most common fee applied to MYR-USD by Instarem, based on data from the past six months.
Fastest money transfers to the United States from Malaysia: Wise.
Through our comparison, we found Wise to be the fastest option for sending Malaysian Ringgit to US Dollar 59.1% of the time. For fast transfers between MYR and USD, Wise is a great option.
When sending money from Malaysia to the United States, Wise has an average fee of 49.36 MYR. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 5 money transfer providers offering Malaysia to the United States transfers for overall speed. This included transfer times to after depositing Malaysian Ringgit to a money transfer account.
When you want the fastest way to send, Wise is our recommended choice for Malaysia to the United States transfers.
Sending large sums of money?
Of the 5 companies tested, Wise is the best rated for larger transfer amounts.
Whether for a property purchase, or as a gift, sending large amounts of money to United States from Malaysia can be expensive.
Wise is our choice for big transfers to MYR because of all round price, speed and management when making large transfers.
Understanding the cost of money transfers from Malaysia to United States
The total cost of sending money to United States from Malaysia is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for MYR-USD is 0.222 USD per Malaysian Ringgit.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your Malaysian Ringgits.
Over the last three months, the average MYR-USD mid-market rate has seen each Malaysian Ringgit worth 0.2232 USD. Within this we see a high of 0.2411, and a low of 0.2119.
Of the 5 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 MYR to USD.
Fees: When sending money you may have to pay fees. Instarem has had an average fee of 513,896.66 MYR per transfer over the last 6 months, the lowest of the 5 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from Malaysia.
Getting the best exchange rate for Malaysian Ringgit to US Dollar
Tracking the mid-market rate can make a huge difference when sending money MYR to USD. The exchange rate you secure impacts how much USD you get for your MYR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from MYR to USD has seen some fluctuation. On average, it has been 0.2232.
During this period, the highest value level was 0.2411, with a low of 0.2119.
Wise, which is our recommended service to send money online from Malaysia to United States offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best MYR-US Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Malaysia to United States!
Paying for your Malaysia to United States transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Malaysia to the United States.
By using a money transfer company such as Instarem for transfers from Malaysia to the United States, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Instarem is the cheapest provider for bank transfers from the 5 we tested when sending MYR to the United States.
With an average fee of 513,896.66 MYR to send money from Malaysia to the United States, Instarem offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to the United States with a debit or a prepaid card is easy with .
is a one of the better options in the market for international debit card transfers from Malaysia to the United States.
Credit cards
For credit card transfers from Malaysia to the United States, is our top choice of the 5 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Malaysia.
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 Malaysia to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
