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    Send Money to Malaysia

    We save you time and money when transferring money to Malaysia by comparing providers to help you get the Best Service, Rates and Fees.

     
     
     

    Compare Online MYR Money Transfers

    Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

    We make it easy to save money by making these fees and exchange rates easier to see and compare. With the below foreign transfer comparison table, you can quickly find the best way to send money internationally.

    Using your Bank to make international wire transfer to Malaysia can be very expensive – often 5% to 10% worse than using a foreign exchange specialist to send to a Malaysian bank account or pay a ringgit invoice.

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    Top Transfer to Malaysia Providers

    When choosing a provider to send money to Malaysia finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer service, mobile apps and extra fees.

    You can read more about Currency Transfer and Travel Tips for Malaysia in our Malaysia FX guide.

     

     

    OFX

    OFX at a glance

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals.

    Their transactions are transparent, unlike most banks. Also, as the rates are displayed on the site, customers can see what rates they can expect.

    How much does it cost?

    Transfer Fee: OFX usually charge a flat fee for smaller amounts, but if you click on the link below or mention that you are a BestExchangeRates customer, then your transfers will be fee free.

    Exchange Rate: OFX add a margin to the exchange rate when they convert your money. OFX exchange rates are highly competitive for global money transfers – either the best or very close to the best exchange rates prevailing in the market.

    How to transfer money with OFX

    1. Create a free online account and login to get a live quote for your transfer.
    2. Enter your recipients details including bank account, financial institution number, account number and branch transit number.
    3. Click 'Finalise transaction' and then pay for your transaction using a bank or wire transfer.

    How long does it take?

    Once OFX receive your payment the transfer recipient will receive the converted funds into their account in 1-2 business days.

    Is OFX safe?

    Yes they are. OFX is regulated in each country that they operate. See our full review of OFX for more information.

    Use OFX for:

    • Good exchange rates and lock-in rate for larger amounts
    • 24/7 local phone support
    • Good Mobile phone app
    • BestExchangeRates users get the transfer fees waived.

    For more details on OFX exchange rates, service and what their users think read our guide OFX Foreign Transfers Reviewed.

     

     

     

    OFX

    XE Money Transfers at a glance

    XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal.

    Transfers can be booked online and over the phone and most are processed within a single working day.

    For more details on XE exchange rates, service and what their users think read our guide XE Foreign Transfers Reviewed.

     

     

     

    OFX

    WorldRemit at a glance

    WorldRemit - Send Money Online Anytime, Anywhere. 24/7 online service – no agents to visit. Bank Transfers - Cash Pickup - Mobile Money - Airtime top-up.

    Register from the below button for a Zero Fee first transfer.

    With WorldRemit, funds can be sent to bank accounts, mobile money wallets, can be picked up as cash at partnering banks and can be used to top up a loved one’s mobile phone.

    WorldRemit is an online service with no physical outlets, which allows for lower costs and greater convenience; it’s also the first of the new wave of FX companies to offer instant WhatsApp notifications on the status of transfers.

    WorldRemit isn’t a viable choice for large payments, such as property purchases, because its maximum transfer sizes are quite limited in many countries.

    For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.

    Extra July BONUS: Get your first THREE transfers FREE - Just use the code 3FREE - This code is valid until 31 July 2021 at 11pm GMT+1.
    Countries included in the promo: France, Canada, Germany, Denmark, Finland, Poland, Italy, Spain, Iceland, US, UK, Australia, Belgium, Netherlands, South Africa, Sweden, New Zealand, and Norway


     

     

    OFX

    Wise at a glance

    Wise (formerly TransferWise) always aim to converts money at the real mid-market exchange rate. There’s just a small, fair service fee and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.

    Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.

    Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.

    Multi-currency Accounts: Regardless of which country you live in, with a Wise Borderless Account you receive a unique set of GBP, EUR, USD, AUD, NZD, SGD, RON, CAD, HUF and TRY account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.

    Read our Review of Wise Borderless Account.

    For more details on Wise exchange rates, service and what their users think read our guide Wise Foreign Transfers Reviewed.

     

     

     

    Latest Malaysian Ringgit Trend

     
    USD to MYR at 4.2220 has risen 1.6% above its 90-day average, range 4.0955-4.2345.
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    90-DAYHIGH1d
     

     

    Malaysian Ringgit Forecasts

    The Malaysian ringgit has fallen to year lows in late July on the surge in pandemic cases – nearly 200 deaths and 12,000 new COVID-19 cases. MYR Forecasts