How to send money to Malaysia

Take advantage of low fees and competitive exchange rates when sending money to Malaysia.


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Sending money from the Hong Kong to Malaysia doesn’t have to be an expensive or time-consuming process. You can convert Hong Kong dollars to Malaysian ringgit in no time at all, and for many transfer companies, you won’t even have to leave the comfort you your home. Our guide will tell you how to make your transfer and give you plenty of places to start.

Compare international money transfers to Malaysia

Select your currency and transfer amount, and compare the fees, rates and transfer times of different providers.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day HKD 0.00 0.534 MYR
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees Go to site Show details
USD 10 1 - 2 days HKD 120.00 0.536 MYR
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
SGD 1 1 day HKD 62.00 0.536 MYR
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 Transfer money to over 30 countries with nominal fees and the mid-market exchange rate.
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USD 50 1 day HKD 35.00 0.536 MYR
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 1 Within an hour HKD 20.00 0.533 MYR
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
USD 100 1 day HKD 15.00 0.528 MYR
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 Send money in 45 currencies.
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GBP 5,000 1 - 2 days HKD 0.00 0.528 MYR
可匯款至20+個國家,無手續費。 Transfer money to 20+ countries with no transaction fees. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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Sending money to Malaysia

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Malaysia. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

Banks versus money transfer services

We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major HK banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.

Max Sends Money to Malaysia

Max wants to send $7,500 to his girlfriend in Malaysia as a gift to celebrate one year of their successful long-distance relationship. But when he sees the exchange rate offered by the major HK bank he has an account with, Max decides to compare two money transfer companies instead.

Money transfer company 1Money transfer company 2
Exchange rate1 HKD = 0.54729 MYR1.00 HKD = 0.5415 MYR
Transfer fee49.50 HKD30.00 HKD
Transfer methodBank account depositCash pickup
Processing time2 business dayMinutes
Amount received (in MYR)4,217.25 MYR4,061.33 MYR

As you can see, although the second company gets Max’s money to Malaysia quicker and for a lower fee, company 1 offers better exchange rate so the recipient will receive $155.92 MYR more (about $277 HKD)

How to compare transfer companies when sending money to Malaysia

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Some companies will only offer online or in-branch transfers while others will also offer the option of placing transfers over the phone or using a mobile app.
  • Turnaround time. Processing times can vary from a few minutes to several days, so check how long each provider will take to complete your transaction.
  • Minimum amount. Is there a minimum transfer limit in place, and if so, is it likely to be higher than the amounts you will want to transfer?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. Does the company offer 24/7 customer support if you ever have a question or concern?

Foreign exchange rates explained

When making a money transfer, you might start wondering what exactly is an exchange rate? To put it simply, exchange rate is the way international businesses and banks convert one currency into another. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. Every country’s exchange rate is flexible and impacted by the global market, so checking the rates daily will help you get a better idea of what to expect when making a transfer to someone in Malaysia.
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Options for sending money to Malaysia from Hong Kong

  • Bank transfers. A transfer from your HK bank account to a Malaysian account is a secure and simple transfer option.
  • Online money transfer providers. You can send fast and affordable transfers to Malaysia from your PC, tablet or smart phone. This comes with options for cash pickup or direct deposit.
  • Cheques. You can obtain an international guaranteed cheque from your bank and mail it overseas, but this is a time-intensive process and runs the risk of the check being lost while being shipped.
  • Money transfer companies with cash pickup options. Western Union and MoneyGram allow you to transfer cash that can be picked up in person from branches throughout Malaysia.
  • PayPal. PayPal offers secure and simple money transfers to Malaysia.

How to send money to Malaysia

Ready to make a transfer? Here are the basic steps you’ll need to follow.

  1. Compare your money transfer options above.
  2. Select a provider that suits your needs.
  3. Create an account.
  4. Start a transaction.
  5. Enter your recipient’s information.
  6. Select a transfer amount.
  7. Pay for your transfer.
  8. Save your tracking number.

Don’t forget to follow up on your transaction! If there is any trouble, your tracking number will be helpful when you contact customer service, and if you recipient is picking up cash, they may need it to complete their end of the transfer.

Emergency cash transfers in Malaysia

Some companies will offer the option of sending instant transfers, which usually mean the funds will be available to your recipient within about 10 minutes. However, be aware of the fact that you’ll usually pay an extra fee for quick transfers, and you may also need to settle for a lower exchange rate. With this in mind, take care to closely check the fee and exchange rate that apply to your transaction so you can avoid any nasty surprises.

Tips for picking up cash in Malaysia

It always pays to exercise caution when picking up a sum of cash, so keep the following safety tips in mind in Malaysia:

  • Be wary of thieves. Keep your wallet hidden and keep a firm hold of your bag at all times.
  • There’s always safety in numbers, so ask a friend to come along with you when you pick up your funds.
  • Avoid areas where crime is known to be a problem and take your funds to your bank as soon as possible.
  • As a general rule, it’s always good to avoid carrying large sums of cash.
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Cash pickup locations in Malaysia

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