Are You Looking for a Way to Send Money Online Internationally from Malaysia?
We only compare secure providers which we have researched, tested and approved. Important information
|Transfer fees:||RM15.65 MYR|
|Transfer time:||Instant-2 Days|
|Transfer fees:||RM5.00 MYR|
|Transfer time:||1-2 Days|
We want to find the best deal for you. So although we may receive a referral fee if you choose one of these providers. It won't affect the ranking of the provider, the exchange rates or any fees you are charged. Our results are sorted in order of cheapest to most expensive cost to you. Learn more.
How to send money online from Malaysia?
Sending money internationally doesn't have to be a hassle anymore. With online money transfer specialists, you can send money anywhere in the world quickly, easily and affordably.
To send money with an online money transfer specialist, follow these simple steps:
Find the right provider for you - When you send money online, you will have a large variety of providers to choose from. Different online money transfer specialists have different fees and exchange rates therefore we recommend doing a bit of research before registering with one of them. This can be easily done with our money transfer provider tool.
Create an account - Once you've found the right provider, you need to create an account with them and make sure you submit all the required documentation as early as possible to avoid unnecessary delays.
Get a quote and enter your recipient's details - The details you will need for the recipient of your transfer will depend on what country you will be sending your transfer to, but most often what you will need for the recipient: name, address, phone number, bank name, bank sort code and account number.
Choose how you want to pay - There are several ways in which you can pay for your online money transfer. The most common way is by bank transfer, although most providers also allow you to pay by debit or credit card. Make sure you keep an eye on the transfer time and fees when selecting the preferred method as using credit cards can increase costs while bank transfers might slow down your transfer.
Confirm the transaction & track your transfer - Once you've sent your money online, it's important to be aware that the transfer is usually final. This means that the money can't be reversed once it's been transferred, so make sure you are confident about the recipient before hitting send. Most providers also offer a tracking service, so you can keep an eye on your money as it makes its way to your loved ones. This way, you can relax knowing that your money is in safe hands.
What payment methods can I use to send money online?
There are a number of different ways that you can send money abroad online. The ideal way for your transfer will depend on several factors, such as how quickly you want your transfer to arrive, how much money you are sending, what payment method you want to use and how you want your recipient to receive your money.
We have collected the three most common methods of international money transfers:
Wire Transfers: One of the most common methods for sending money internationally is wire transfer. Wire transfer is an electronic way to move funds from one bank to another. For example, if you are studying abroad, your parents can use wire transfer to send you money. The transfer takes place through the SWIFT network, which is a messaging protocol between two banks involved in the transaction.
Online money transfer providers: This method has become increasingly popular in the last years, as it often offers a quicker and cheaper way to transfer your money online internationally. Providers such as Wise or WorldRemit are highly regulated offering a safe way to transfer money similar to banks.
Bank drafts: Bank drafts are another safe way to send money that is also popular. To do this, go to your bank and fill out a form with the recipient's information as well as how much you want to send. Bank drafts don't cost too much, but they can take up to 5 business days for the process to be completed. Before considering this option, make sure your bank can supply drafts online for you.
How to send money online using a debit or credit card?
You can send money online from Malaysia using a debit or credit card, by picking an international money transfer specialist like Wise, Western Union, or OFX.
Sending a payment with a debit card is usually cheaper compared to using a credit card - and some credit card issuers will also add their own fees, like a cash advance charge, when you send money overseas. If you like to learn more about how to save on your online transfer make sure you check out our cheapest money transfer guide.
If you'd rather pay for your transfer directly from your bank account, that's also an option with most international money transfer services and often being the cheapest method too.
How can you pay for your online transfer from Malaysia?
You have a variety of options to fund your international money transfer, depending on the provider you use.
Here are a few options from our 2 reviewed providers that allow you to send money from Malaysia:
Bank transfer, card (debit or credit), SWIFT, Google Pay or Apple Pay
Bank transfer, card (debit, credit, and prepaid) or Apple Pay
What is the best way to send money online?
There are a few different ways to send money online, and each method has its own advantages and disadvantages. The best way to send money online depends on your needs and preferences. We have collected some examples that might be helpful to find the best option for you:
What are the benefits of online transfers?
Not sure if sending money online is right for you? Here are some of the benefits of online transfers:
- Usually the cheapest option available
- Secure as long as you choose a regulated provider
- Easy to compare several providers and pick the best one for you
- Payments are usually fast - and can even be instant
- Send money to a bank account, or have your recipient collect it in cash near them
- Convenient - register, pay, and track your transfer from home
How much does it cost to send money online?
The cost of sending money online varies depending on the service you use, but most offer competitive rates and fees. In our comparison, out of the 2 providers, Wise tends to have the lowest costs when sending 2000 MYR from Malaysia to United States online.
- Wise: 15.65 MYR
- WorldRemit: 32.8 MYR
Is it safe to send money online when sending money from Malaysia?
If you're ever trying to send money from Malaysia abroad, it can be daunting with so many providers available and make you wonder which ones are safe. However, on Exiap, we only compare companies that are known to be secure and trusted by users all around the world.
If you're searching for the safest way to send money from Malaysia, utilise providers who are registered and follow FCA guidelines. In certain scenarios, operators may also need to adhere to PRA regulations. If these multiple initials have confusion written all over them, don't worry-- let's explore what they mean:
FSCS - Financial Services Compensation Scheme - The FSCS safeguards customers in the event that their bank, insurer, or other eligible financial service company collapses. If your bank goes bankrupt or experiences any other financial difficulties, you may be able to get compensated through the FSCS.
FCA - The Financial Conduct Authority - must give permission for nearly all financial activities. The FCA makes sure that standards are met and businesses are trading safely by regulating and overseeing their practices.
PRA - Prudential Regulation Authority - The PRA's primary goal is to protect customers' money by ensuring that banks and other financial institutions are being managed safely and controlling risks.
What is the safest way to send money online?
As long as you pick a reputable provider, it is safe to send money online from Malaysia. Online money transfer services are usually licensed and regulated like banks - and they’re already super popular with customers around the world.
In fact, Wise is trusted by 13+ million people, and Western Union processes a spectacular 24 transactions a second on average!
This is how the 2 companies we found that can help you transfer money from from Malaysia rank in terms of number or reviews and average score on TrustPilot:
- Wise: 190,147 reviews, rated 4.4/5 on Trustpilot
- WorldRemit: 72,637 reviews, rated 4.1/5 on Trustpilot
How much money can you transfer online?
Depending on the provider, there will always be a minimum and maximum amount set for online money transfers from Malaysia. To make sure that your pick is right for you, compare different services and find one that suits your needs while also providing secure transfers in your currency. Some companies are better equipped to handle large sums of money being transferred at once, whereas others can help with midsize payments.
No matter the size of what you need to transfer, use our comparison tool to explore your options and get an estimate from each potential provider.
How long will an online money transfer take?
Some payments can be instant - but with some providers, an online money transfer can take 2 to 5 days to arrive. It really depends on the provider, the destination country, and the value of the transfer.
Often the fastest money transfers are paid by card and you can also cut unnecessary delays by preparing any verification documents well in advance.
- Wise: Instant-2 Days
- WorldRemit: 1-2 Days
How to send money online instantly?
You can send money online instantly from Malaysia with some specialist services - but the delivery time will depend on the currencies and countries involved. Most providers give an estimated delivery time before you confirm, so you can compare several to find the best for you.
If you are looking for more information on instant transfers, make sure you check out our guide page on best way to send money instantly.
Where can you send money online?
We compare money transfer solutions for over 100 different destinations, so we can help you find the best deal possible. Whether you're sending money to family and friends or transferring business payments, we have a solution that will meet your needs.
Sending money online is a convenient way to transfer funds internationally from Malaysia. It can be cheaper than other methods, and many providers offer fast and secure transactions. Before choosing a provider, make sure you compare the exchange rates, fees, and delivery times of different services to find the best option for your needs.
Looking for more expert advice on sending money internationally?
Looking for the best way to send money abroad? Use our 2023 guide to become an expert in transferring money.
You now have more choice than ever before when it comes to sending money internationally.
The best way to send money back to the Malaysia depends on the individual, find the best one for you.
Find the best way to send money instantly and securely to a foreign country online.
FAQ About How To Send Money Online
An international online money transfer is a transaction that allows you to send money from one country to another through the use of an online service. There are many different services available, so it's important to do your research before choosing one. In general, these services offer competitive exchange rates and low fees, making them a convenient option for those looking to send money abroad.
There are many payment methods that can be used to send money online. Some of the most popular methods include: credit/debit cards, bank transfers, and online payment platforms such as PayPal, Google Pay or Apple Pay. It's important to choose a payment method that is convenient and reliable for you.
There are many good apps to send money, but some of the most popular ones include: Wise, OFX, CurrencyFair. Each app has its own set of features, so be sure to do your research before choosing one.
In case you don't have a debit card with you may still be able to send money online using bank transfer, your credit card, Google Pay or Apple Pay. International providers such as Wise, WorldRemit, [[cheapest-3rd-provider-name]]([cheapest-3rd-provider-affiliate-url]) all offer different methods to pay for your international online transfer.
To send money online, you'll need the recipient's name, address and bank account information. You may also need to know the recipient's email address or mobile number. The exact details required might change depending on the country you are sending your payments to.
There are a few ways you can transfer money to another person online. You can use a money transfer service, such as Wise or CurrencyFair, or you can use a peer-to-peer payment service, such as PayPal or Venmo. Each method has its own advantages and disadvantages, so be sure to research the best option for you.