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Overall best choice: Instarem
We tested & reviewed dozens of money transfer providers, and Instarem scored highly.
Instarem appeared in 44.8% of Malaysia to United States searches, and was the top rated company out of 3 that support MYR to USD.
So for a great mix of cost, speed & features, make your Malaysia to United States transfer using Instarem.
How to get the best deal on your Malaysia to United States transfer
Summary of recent searches
Important things to consider before sending money from Malaysia to United States
Don't settle for the first option. Always compare ways to send money from Malaysia to United States to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between Malaysia and United States.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to United States.
Cheapest way to send money to United States from Malaysia: Instarem
Data collected over the past six months show that Instarem is 0% cheaper than the second-best option.
The RM829.49 transfer cost represents the most common fee for MYR to USD international transfers, based on data from the past six months.
If you want to secure the best rates on a MYR to United States transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to MYR-USD by Instarem, based on data from the past six months.
Fastest way to send money from Malaysia to United States: Instarem
Our data shows that Instarem came up as the fastest way to send money from Malaysia to United States in 44.1% of searches. This makes them well suited to urgent MYR to USD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malaysia to United States - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Instarem is your best choice at the moment. This service emerged as the quickest way to send money to United States from Malaysia in 44.1% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Instarem.
While Instarem may not always be the cheapest or fastest way to send MYR from Malaysia to United States, it’s the provider that will keep you safe and relaxed while your money moves into USD.
Understanding the costs involved when moving money from Malaysia to United States
When calculating the costs of money transfers between Malaysia and United States, here's what really matters:
The Mid-Market Rate: Today, the MYR-USD mid-market rate equals to 0.209052 USD per Malaysian Ringgit. Keep in mind that this rate fluctuates all the time.
The MYR-USD average exchange rate of the past three months has been 0.2106 USD per Malaysian Ringgit, with a high of 0.2156 and a low of 0.2084.
Fees and Markups: That's where Instarem shines, combining the best of both worlds: excellent MYR to USD rates that are only 0.05% away from the average.
How to find the best exchange rate for Malaysian Ringgit to US Dollar
Timing is essential sending money between MYR and USD. The exchange rate you secure impacts how much USD you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to USD has seen some fluctuation. On average, it stood at 0.2106.
During this period, the highest value recorded was 0.2156, while the lowest was 0.2084.
Instarem, which is our recommended service to send money online from Malaysia to United States offers an exchange rate that is only 0.07% above the mid-market rate.
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Payment methods available to fund your Malaysia to United States transfer
Bank transfers
Bank transfers are often the default option for sending money from Malaysia to United States.
By using a money transfer company such as Instarem for transfers from Malaysia to United States, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 3 we tested when sending MYR to United States.
With an average fee of MYR908.85 to send money from Malaysia to United States, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to United States with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Malaysia to United States, competing among a total of 3 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from Malaysia to United States, Instarem emerges as our top choice of the 3 companies offering this service.
Our comparison engine's last six months of data on MYR to USD searches show Instarem has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money 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 United States and Malaysia.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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
