Send Money to Malaysia Securely

Information verified correct on May 23rd, 2017


Friends and family are never out of reach if you need to send money to Malaysia

Set-up a one off or ongoing payments from Australia to Malaysia quickly and easily using a number of services. If you, or someone you know are stuck in an emergency, and getting cash quickly is important, companies like Western Union can send money to Malaysia in minutes. If you want to send money to your family on an ongoing basis, you can even set up regular payments to an account in Malaysia.

There are a number of online and ‘bricks and mortar’ money transfer companies that you can use to send money to Malaysia. Read our page for information on the different alternatives and what you need to look for to find the best quote on your international money transfer.

Compare money transfer options to Malaysia

The table below lists some of the providers you can use to send money to Malaysia. Sort through different providers and services using the table headings, and click 'More' to read a review of the product, or 'Go to Site' to be taken directly to the provider's website.

Rates last updated May 23rd, 2017
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering exclusive exchange rates and $0 transfer fee on all transfers.
AUD 250 1 day Online, Phone, Agent Go to site More
Exclusive: World First International Money Transfers
Exclusive: World First International Money Transfers
Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
AUD 2,000 1 day Online, Phone Go to site More
Citibank Plus Everyday Account
Citibank Plus Everyday Account
A transaction account with free transfers to any country and no foreign transaction or international ATM withdrawal fees. AUD 0 Same day Online, Phone, Agent, Bank Account to Bank Account More
Travelex International Money Transfers
Travelex International Money Transfers
Send money to over 50 countries and choose from 48 currencies. AUD 500 2 days Online More
WorldRemit International Money Transfers
WorldRemit International Money Transfers
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. AUD 0 Within an hour Online, Bank Account to Bank Account, Cash Transfer Go to site More
Exchange4Free International Money Transfers
Exchange4Free International Money Transfers
With competitive exchange rates, no transfer fees and support for more than 60 currencies, Exchange4Free offers fast and affordable international money transfers. USD 100 1 day Online, Phone Go to site More
Sable International
Sable International
Exclusive offer: $0 transfer fee and Price Beat Guarantee
Quote "finder" when your Sable International account manager calls you - guaranteed to beat any competitors exchange rate.
AUD 0 1 day Online, Phone, Bank Account to Bank Account Go to site More

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

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Who to use to use to send money to Malaysia?

Banks vs money transfer companies?

Most of us already have an account with a financial institution. And this is usually the first place people look when they want to send money overseas. But is your bank going to give you the best deal on your international money transfer to Malaysia? It may be worth looking at specialist international money transfer companies; you may find your dollar goes a little further.

Money Transfer Service 1Money Transfer Service 2
Exchange rate1 AUD = 2.460097 MYR1 AUD = 2.7965087 MYR
Transfer fee$22.00 AUD$10.00 AUD
Amount received for $1000 AUD (in Malaysian Ringgit)2460.10 MYR2796.51 MYR
Transfer time3 - 5 business days.1 - 2 business days.
Transfer optionsOnline and in person to bank account.Online to bank account, cash pickup from local merchant.
Difference of+336.41 MYR

Rates are correct 26/10/14.

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How to compare transfer companies when you’re sending money to Malaysia

If this is the first time you’re sending money to Malaysia, you should know about the following when you compare quotes from different money transfer companies.

  • The exchange rate. This is the rate of conversion from Australian dollars to Malaysian Ringgit. The exchange rate is one of the most important considerations, but it’s not the only consideration. Be conscious of fees, too. Sometimes a provider can offer a good exchange rate, but will charge a fee for the transfer which eats into any gains made on the conversion.
  • Transfer fees. How much does it cost to send money to Malaysia? International transfer companies can charge a flat fee, a percentage or no fee at all. Most non-bank transfer companies will waive the transfer fee is you’re sending over a certain amount.
  • Pickup methods. Do you want to send the money directly to the recipient's bank account or do you want them to collect the cash from a local business? If a friend or relative doesn’t have access to a bank account (like if their wallet is stolen), then cash collection from a local merchant is the advised. Be aware that the collection method affects the time it takes for the cash to become available. Money sent from a non-bank transfer company and collected from a local business can be ready in minutes.
  • Transfer time. Transfer time and pick-up methods are linked. Sending money online to a bank account can take up to five business days before the funds are available; while sending money to be collected as cash from a business will be ready much sooner.
  • Minimum transfer amounts. The smallest amount of money you can send differs from provider to provider. Generally, you’re able to send as little as a few hundred Australian dollars at a time; however, transactions under a certain amount are likely to attract a transfer fee.
  • Customer service. Who can you speak to if something goes wrong with the transfer, or you want to confirm the specifics of the transaction. Check to see whether you can contact the provider’s customer service team on a weekend, and whether they offer a 24 hour service.
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How to send money to Malaysia from Australia

The Malaysian Ringgit is a commonly traded international currency. Although it’s not listed as a major international currency, you can buy and sell Ringgit with a number of overseas money transfer companies.


You can use your banking institution to send money to Malaysia. The recipient must have a bank account that they have access to in Malaysia to collect the money. Transfers can take between 2 - 10 days. Your financial institution will generally charge a fee for this service.

  • Citibank Global Transfers. You can send money to a Citibank account in Malaysia from your Citibank bank account in Australia for free. The funds transfer is instant. The money is available as soon as you send it.

Non banks

There are a number of non-bank companies you can use to send money to Malaysia.

  • Western Union. Send money online or in person at a Western Union outlet and it can be available to collect in a matter in minutes.
  • Travelex. Send money to a Malaysian bank account using Travelex international payments. The minimum transfer amount is $500 and a small flat fee is charged for the service.
  • Paypal. Paypal also have an overseas transfer service if you want to send money to Malaysia. It’s free to sign up for a Paypal account. The recipient will need to link their bank account to their bank account to get the money.

Compare money transfer services to Malaysia

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Emergency cash transfers to Malaysia

Wallets and bags can go missing while you’re on holiday. If you’re in Malaysia and you’re stuck without cash, there are options to get access to emergency cash. Consider the following:

  • Cash pickup services. Get someone to send you the money using a cash pickup service like Western Union or Moneygram. For a small fee, money can be available only minutes after it has been sent from Australia.
  • Emergency cash advances. Visa, MasterCard and American Express can give you an emergency cash advance if your card is lost or stolen. The card scheme will make the money in your account available through a participating merchant in Malaysia.
  • Travel insurance. Your travel insurance policy may have an emergency assistance benefit that includes a provision of emergency cash. Check your policy terms and conditions to see whether you’re eligible to receive this benefit.
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Cash pickup locations in Malaysia

If you need send money quickly, companies like Western Union can complete a transfer in a matter of minutes. The money is collected from a participating Malaysian business. Some examples of pickup locations include:

Western Union

  • Alif Money Changer Ampang.

    Lot 19 Ground Floor Tesco Hypermarket

    Ampang Kuala Lumpur,

    Kuala Lumpur.

    Open Monday to Sunday 10am - 10pm.

  • Ank Rakyat Japan Tangsi.

    Bang Rakyat Tingkat
    Bawah Jalan Tangsi
    Kuala Lumpur.
    Monday to Friday open 9am - 5pm.


  • CIMB Bank - KL Sentral.

    Lot 23. Departure Hall Ground Floor

    KL City Terminal KL Sentral Stat,

    Kuala Lumpur.

    Monday to Friday 9.15am - 4.30pm & Saturday to Sunday 12am - 11.59pm.

  • Prabhu Money Transfer - PUDU.

    Floor 12 Myanmar Mini Shopping Centre No. F4
    First 18 - 20 Japan Leboh.320268786.

    Monday to Sunday 12am - 11.59pm.

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Tips for picking up cash in Malaysia

Australians are advised to exercise a normal degree of caution when travelling to and around Malaysia. Common sense is the best approach if you’re concerned about picking up a large amount of cash in public. Travel in a group, keep your valuables close to you and don’t waive around large amounts of cash in public.

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How to send money to Malaysia

If you want to send money to a Malaysian bank account, you’ll need the following details.

  • Bank name, BIC & Account number.

If you want to carry out a bank to bank transfer, the above information should be enough to complete the transfer. If you’re sending the money through an international payment service like Western Union, you may be required to open an account first. You will need to provide basic personal information about yourself to complete the registration.

Expect to supply the following information about yourself to send money to Malaysia.

  • Your name.
  • Date of birth.
  • Your contact information, including email address
  • Your address.

Following your registration and completion of the funds transfer, you should be given a receipt (generally on the email you provided) with a reference number.

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

Exclusive: World First International Money Transfers

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Sable International

Exclusive offer: $0 transfer fee and Price Beat Guarantee
Quote "finder" when your Sable International account manager calls you - guaranteed to beat any competitors exchange rate.

Exclusive: CurrencyFair International Money Transfers

Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.

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20 Responses to Send Money to Malaysia Securely

  1. Default Gravatar
    Adriaan | April 7, 2017

    I need to send money to a university in Malaysia. Can WorldRemit do a bank transfer or do I need to use a different organisation?

    • Staff
      Jason | April 8, 2017

      Hi Adrian,

      Thank you for your enquiry.

      WorldRemit can do bank transfer, cash pickup and airtime top-up to Malaysia. Please click this link for more information about WorldRemit. You may also compare WorldRemit with the other money transfer agencies above for more options.

      Kind regards,

  2. Default Gravatar
    Adelyn | December 28, 2016

    My friend has just transferred USD100 from his account in Australia to Maybank Malaysia. The Aus bank charged him AUS22 dollars while i expect the charges from Maybank wouldn’t be as much as what the Aus bank charges. It turns out that Maybank deducted RM 190.80 from the amount. Any reason why this is so high?

    What is the safest and cheapest way to transfer money in this case?

    • Staff
      Anndy | December 28, 2016

      Hi Adelyn,

      Thanks for reaching out.

      Some banks really charge fees for receiving funds from other banks or countries. You can directly get in touch with Maybank and ask them about the composition of the total RM 190.80 fee.

      Other options for sending money to Malaysia are listed in the above comparison table. You can take advantage of our money transfer calculator on top of the table to know how much the recipient will receive per amount that you will send.


  3. Default Gravatar
    Zu | December 19, 2016

    My Bank Draft Cheque is from Burkina Faso.Which bank in Malaysia may I deposit/clear my bank draft cheque.Thank you.

    • Staff
      Anndy | December 19, 2016

      Hi Zu,

      Thanks for your question.

      Bank drafts are generally accepted by many banking institutions around the world. If you have a bank account in Malaysia, you can first check with your bank if they accept such bank draft and what sort of fees apply for doing so.


  4. Default Gravatar
    Izzat | September 3, 2016

    Hi,i want to ask about the fee if we tranfer from overseas to it the fee will deduction from the transfer money? Because a lots of overseas people asking me to pay the fee…

    • Staff
      Shirley | September 6, 2016

      Hi Izzat,

      Thanks for your question.

      Yes, generally the fee is deducted from the original transfer amount. People usually top up the transfer amount with the fee to ensure the recipient receives the stated amount.

      Hope this helps.

  5. Default Gravatar
    al | July 5, 2016

    Is there activation fee for transaction?

    • Staff
      Clarizza | July 5, 2016

      Hi Al,

      Thanks for your question.

      Money transfer services may charge a transfer or service fee. In some cases the fee is tiered, based on the amount of cash you plan on transferring. For example, transferring funds up to $10,000 will incur a flat $15 fee and then $25 to transfer $10,000 or more. There may also be third-party fees involved, so please do check with the service you choose to transfer your funds with.

      Hope this helps.


  6. Default Gravatar
    | June 14, 2016

    A relative is in Malaysia on holiday and out of funds, can i send money to him. He’s an australian. If so how can he pick up the funds?

    • Staff
      Clarizza | June 14, 2016

      Hi K,

      Thanks for your question. Yes, you can send money to your friend in Malaysia. Our Money Transfer services table above shows services that allow you to either transfer money to your friend’s account electronically or if your friend prefers, he can also pick up cash at the agent (although of the services in that table, only World Remit offers cash pickup). You can also speak to an FX expert through the form above if you have any specific questions.

      You may also want to consider using Western Union or MoneyGram? We also have a page on International Cash Transfers if that helps.

      Once you’ve chosen the money transfer service, you can find out more by clicking on the green button in our table.

      Hope that helps.


  7. Default Gravatar
    peter | March 11, 2016

    Hi, sir I have a question. I am from Malaysia. Actually i am doing online selling with some old coins,and then the buyer started to contact me. After the deal ,he/she want to make payment by transfer the money thru wire transfer.he/she tole me to give my bank detail. Ok, i gave.
    the problems is why i am going to pay the activation fees before that money is totally transfer to my account?they ask me to pay the activation money rm 1000 or even more of that,they said after i paid the activation fees ,the money will transfer to my account immediately.
    sir,is this true?

    • Staff
      Shirley | March 14, 2016

      Hi Peter,

      Thanks for your question.

      Unfortunately we cannot speak for Malaysian banks or international money transfer services as we’re an Australian financial comparison service.

      We’d recommend that you get in touch with your local bank instead, or the bank that is charging you the activation fee.

  8. Default Gravatar
    George | March 11, 2016

    The best exchange rate currency company for money transfer from malaysia to Australia currency

    • Staff
      Shirley | March 14, 2016

      Hi George,

      Thanks for your question.

      At this current point in time, our comparison shows that the exchange rates are currently equal between World First and Travelex.

    • Default Gravatar
      | March 18, 2016

      Worldfirst does not transfer money from Malaysia to Australia. Can you

    • Staff
      Shirley | March 21, 2016

      Hi George,

      Thanks for your question.

      The products on this page allow you to transfer money from Australia to Malaysia. If you’re sending from Malaysia, we recommend that you compare international money transfer services based in Malaysia.

    • Default Gravatar
      | March 15, 2016

      What is the cheapest way to transfer money FROM Malaysia to Australia.


    • Staff
      Shirley | March 16, 2016

      Hi George,

      Thanks for your question.

      Please use our calculator to help you find the cheapest way – this will depend on the amount you’re sending.

Ask a question