Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to send money to Malaysia

Find the cheapest way to send money to Malaysia from the Philippines.


Fact checked

Just a couple of hours away by plane and with visa-free entry, Malaysia has consistently remained as one of the top tourist and work destinations for Filipinos. Over 800,000 Filipinos live and work in Malaysia, aside from the more than 600,000 Filipino tourists visiting the country annually. Meanwhile, Malaysian tourists in the Philippines are at an annual average of 145,000, with at least 600,000 Malaysians living in the Philippines.

Whether you’re sending money to family in Kuala Lumpur or friends in Kota Kinabalu, we’ll help find the best option for you. When looking into providers, make sure to consider fees and exchange rates so you can make the most of your transfer.

Compare money transfers to Malaysia from the Philippines

Name Product Minimum Transfer Transfer Time Transfer Fee
1 - 2 days
USD 3.99
WorldRemit Philippines lets you use your debit, credit or pre-paid card to send instant mobile airtime top-ups.

Compare up to 4 providers

What’s in this guide?

How to send money to Malaysia in a few simple steps

  1. Pick your service. Use our table to find out which services send money to Malaysia from the Philippines. You can also use it to compare exchange rates, transfer fees and more.
  2. Set up an account. You’ll need to provide identification like a passport or driver’s licence, especially for larger transactions. After the first time, you won’t need to do this again.
  3. Choose your payment method. You can typically choose to pay from your bank account, credit card or debit card. Some methods may have more limits on the amount you can send than others.
  4. Pick a delivery method. Do you want to send money directly to your recipient’s bank account, to their mobile phone, or arrange a cash pick-up in Kuala Lumpur, Penang Island or Kota Kinabalu?
  5. Enter your transaction details. This includes the transfer amount, currency you’re sending and the recipient’s information.
  6. Double-check your transfer. Make sure all the details are correct, especially the receiver’s. You can also review the final exchange rate and any other fees.
  7. Send your money. The money will be deposited into your recipient’s account in Malaysia.
  8. Receive an email/SMS confirmation. This will include your tracking number along with confirmation of your transfer. Your recipient will need to present this number if they’re picking it up in cash.

How to compare transfer companies when sending money to Malaysia

  • Exchange rates. How do each company’s exchange rates compare to the competition? Be aware that a provider may offer a good exchange rate but charge a fee that eats into any gains made on the conversion.
  • 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?
  • Pick-up methods. Can your recipient 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

An exchange rate determines how much one country’s currency is worth in another currency. For example, PHP/MYR refers to how many Malaysian ringgits you can buy with one Philippine peso. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency.

PHP to MYR: Historical rate chart

Updated: 26 Sep 2020 12:32:16 UTC

What are the ways I can send money to Malaysia?

The Malaysian ringgit is traded regularly on global currency markets, which means you have plenty of options to choose from when looking to send money to Malaysia. These include the following:

  • Bank transfers. A transfer from your Philippine 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 computer, tablet or smartphone. This comes with options for cash pick-up or direct deposit.
  • International money orders. Although not a quick option, you can choose to post an international guaranteed cheque from your bank.
  • Money transfer companies with cash pick-up 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.

Tips for making an international money transfer

What documents and information will I need?

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

  • Recipient’s full name
  • Recipient’s address
  • Bank name
  • Bank Identification Code (BIC)
  • Account name, number and BSB

Before you make your first transaction with a money transfer specialist, you’ll need to open an account. Due to anti-money laundering laws, you’ll need to verify your identity and provide information on your:

  • Full name
  • Date of birth
  • Contact information
  • Address
  • Proof of your identity and address, which can include your passport or driver’s licence

If you decide to use your bank to make the transfer, they’ll already have all these details and you won’t have to go through another registration process.

  • Making an emergency transfer to someone in Malaysia

If you or a loved one is in Malaysia and stuck without cash, there are options to get access to emergency funds. Unfortunately, your fastest possible transfer will often be the most expensive one. Carefully review the exchange rate and transfer fee against your needs so you understand exactly how much it will cost you.

Tips for picking up cash 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.
Back to top

Cash pick-up locations in Malaysia

Next steps

If you’ve compared your options and found the right money transfer service for you, head over to the provider’s website and register for an account. The verification part of the process may take some time but once you’re set up, you’ll be able to transfer money straightaway.

MUST READ: Some words and phrases you need to know

  • Remittance – penghantaran wang
  • Remittance fees – yuran penghantaran wang
  • Overseas remittance – penghantaran wang ke luar negara
  • Send money overseas – menghantar wang ke luar negara
  • Send money to Philippines – menghantar wang kepada Philippines

Frequently asked questions

Image: Shutterstock

Go to site