You might have heard from friends or family that sending MYR out of Malaysia will incur additional charges. But did you know there are ways to avoid the deduction? We show how you can make an international money transfer hassle-free and without any additional charges.
How to transfer money overseas from Malaysia
You can transfer money overseas from Malaysia with the help of a money transfer service. The best way to do this is by using a bank-to-bank transfer that allows you to send money directly from your bank account. You will be able to make the money transfer in any currency and your recipient can expect to receive the same in no time.
Send money abroad from Malaysia with minimal fees
If you’re planning on sending money to someone abroad, you want to make sure you get the best exchange rate possible. The best way to do this is by using a money transfer service provider that offers low fees and fast delivery times. You can expect fees as low as RM 5 if you want to make an international money transfer.
How long does it take to remit money?
The time taken to remit money depends on the amount of money you’re sending, the method you are using, and the country where you’re sending it. Generally speaking, a bank transfer will take 3-5 business days. A wire transfer will with a money transfer company will usually take a day. You can also avail of quick transfer services if you have an emergency.
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