Send Money to Malaysia Securely

Information verified correct on January 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 January 23rd, 2017

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Exclusive: OFX (Ozforex) International Money Transfers
Exclusive offer: Special exchange rates ... 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
Rates are always
changing, click to check
your price today
Go to site More
Exclusive: World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
AUD 500 2 days
Rates are always
changing, click to check
your price today
Go to site More
Citibank Plus Everyday Account
A transaction account with free ... A transaction account with free transfers to any country and no foreign transaction or international ATM withdrawal fees.
AUD 0 Same day
Rates are always
changing, click to check
your price today
Travelex International Payments
Send money to over 50 ... Send money to over 50 countries and choose from 48 currencies.
AUD 500 2 days
Rates are always
changing, click to check
your price today
WorldRemit international money transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
AUD 0 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More

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.

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