Are You Looking for a Way to Send Money Online from Malaysia?
By sending money online to someone based abroad, you could save both time and money compared to relying on your bank. Here’s why.
How can you send money online?
Sending money overseas used to mean an inevitable trip to the bank. But recently, online money transfer specialists have become more popular, thanks to their convenience and low costs. Now you can send money online to individuals and businesses more or less anywhere in the world, safely, without even needing to leave home.
How to send money online using a debit or credit card?
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’d rather pay for your transfer direct from your bank account, that’s also an option with most international money transfer services - and often the cheapest payment method available, too.
How much does it cost to send money online?
How much it costs to send money online will depend on the provider you pick, the destination country, the exchange rate used, the amount transferred, how you pay, and any transfer fee applied. Comparing a few options is the best way to get the cheapest available online money transfer for your needs.
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 to find the cheapest way to send money online?
There are a few things you need to consider when finding the cheapest way to send money online from Malaysia. The first is the exchange rate. Make sure you compare the exchange rates of different providers before deciding on one.
The second thing you need to consider is the fees. Some providers will charge you a flat fee, while others will charge a percentage of the total amount you're sending. Make sure you compare the fees of different providers before deciding on one.
The third thing you need to consider is the speed of the transfer. Some providers will allow you to send money almost instantly, while others may take a few days. Make sure you compare the speed of different providers before deciding on one.
Finally, make sure you read the terms and conditions of the provider you're thinking of using. Some providers will have hidden fees or other charges that you may not be aware of.
How long will an online money transfer take?
Some payments can be instant - but with some providers, an online money transfer can take 1 to 5 days to arrive. It really depends on the provider, the destination country, and the value of the transfer.
Often the fastest payments are funded by card - and you can also cut unnecessary delays by preparing any verification documents well in advance.
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.
Is it safe to send money online?
As long as you pick a reputable provider, it is safe to send money online. Online money transfer services are usually licensed and regulated in the United Kingdom just 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!
Sending money online is a convenient way to transfer funds internationally. 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.
As more of our lives move onto our smart devices, many apps have been launched to help make money transfers easy and intuitive. Some of the best apps to send money internationally include Wise, Revolut, Remitly and Western Union.
To transfer money to someone else’s bank account online from the UK, you’ll need their:
Bank name and address
Bank account number or IBAN
Bank SWIFT/BIC code