💸 Money Transfer

International transfers at the real exchange rate, with the fee shown before you send — a reliable option for moving money between Malaysia and abroad. About Wise: Wise (formerly TransferWise) is an international money transfer service known for using the real mid-market exchange rate rather than adding a hidden markup, showing the exact fee upfront before you commit to a transfer. Key Features: Real Exchange Rate: Uses the actual mid-market rate, not an inflated rate with a hidden margin. Upfront Fee Display: See exactly what you'll pay and what the recipient will get before sending. Multi-Currency Support: Send and hold money in multiple currencies through one account. Fast Transfers: Many transfers complete within a day or two, sometimes faster. How to Get Started: Create a Wise account online or through the app. Verify your identity as required for international transfers. Enter the transfer amount and destination to see the exact fee and exchange rate. Send the transfer and track its progress until the recipient receives funds. Important Notice: While Wise is reliable for many corridors, always double-check current transfer times and any limits specific to sending money to or from Malaysia, as these can change.

Transfers designed with migrant workers in mind, offering bank deposit options for recipients receiving money from Malaysia. About Remitly: Remitly is an international money transfer service built specifically with migrant workers and their families in mind, offering fast bank deposit delivery options for recipients receiving transfers sent from Malaysia. Key Features: Bank Deposit Option: Direct deposit into a recipient's bank account in supported destination countries. Speed Options: Choose between faster transfers at a higher fee or slower economy transfers. Mobile-First Design: The app is built primarily for sending money from a phone, convenient for regular remittances. Transparent Pricing: Fees and exchange rates are shown clearly before you commit to a transfer. How to Get Started: Download the Remitly app or visit their website. Create an account and verify your identity. Choose the transfer speed and delivery method for your recipient. Complete the transfer and track its progress. Important Notice: Fees and exchange rates vary based on the speed option chosen, current promotions and destination country — compare the total cost against Wise and Western Union before committing to one for regular use.

The widest cash-pickup network in the world — useful for sending money from Malaysia to recipients without a bank account elsewhere. About Western Union: Western Union is one of the longest-established international money transfer services, known especially for its extensive cash pickup network, letting recipients collect funds abroad without needing a bank account. Key Features: Extensive Pickup Network: One of the widest networks of physical pickup locations globally. No Bank Account Needed for Recipients: Recipients can collect cash directly, useful where banking access is limited in the destination country. Online and In-Person Sending: Send transfers from Malaysia either through the app/website or at a physical Western Union location. Established Trust: A long operating history gives it wide recognition and trust across generations of users. How to Get Started: Send a transfer either online through the Western Union app/website or at a physical location in Malaysia. Provide the recipient's exact name as it appears on their ID. Complete the transfer and note the reference number (MTCN). Share the MTCN with the recipient so they can collect the funds at an agent location. Important Notice: Fees for cash pickup transfers can be higher than some digital-only alternatives — compare costs if the recipient does have a bank account and a digital option would work instead.

A Malaysian remittance and money services company, offering international transfers alongside prepaid cards and other financial services. About Merchantrade: Merchantrade is a Malaysian financial services company offering international money transfer alongside prepaid card and other financial products, with a network of physical branches across the country. Key Features: Physical Branch Network: A wide network of physical locations across Malaysia for in-person transfers. International Remittance: Send money to a range of destination countries, particularly popular corridors for Malaysia's migrant worker population. Prepaid Card Services: Also offers prepaid card products for everyday spending and remittance purposes. Local Malaysian Company: A domestic provider with strong understanding of Malaysia's specific remittance needs. How to Get Started: Visit a Merchantrade branch or use their online/app service if available. Provide the recipient's details and destination country. Complete the transfer and pay the applicable fee. Provide the recipient with any reference information needed to collect funds. Important Notice: Compare Merchantrade's rates and fees against Wise, Western Union and other options for your specific corridor, since the best value can vary depending on destination country and transfer amount.