Malaysia

The following tables show how much it costs to remit money from Malaysia to

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

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Find out by selecting sending and receiving countries below:

Remitting from Malaysia to Indonesia

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in IDR | USD

See prices in MYR | USD

7001760

				Total cost
Firm name	Firm type	Fee (IDR)	Exchange rate margin (%)	Percent (%)	IDR	Transfer speed	Network Coverage	Date
IME (M) (International Money Express Malaysia)	MTO	10.00	1.33	2.76	19.32	Same day	Nationwide	Sep 10, 2009
Maybank	Bank	10.00	4.43	5.86	41.02	2 days	Nationwide	Sep 10, 2009
CIMB Group (Cash Laju)	Bank	10.00	4.81	6.24	43.68	Same day	Nationwide	Sep 10, 2009
Pos Malaysia	Post office	10.77	5.34	6.88	48.16	Less than one hour	Nationwide	Sep 10, 2009
Western Union	MTO	10.77	5.34	6.88	48.16	Less than one hour	Nationwide	Sep 10, 2009
MoneyGram	MTO	13.46	5.08	7.01	49.07	Less than one hour	Nationwide	Sep 10, 2009
RHB Bank	Bank	12.00	5.60	7.31	51.17	3-5 days	Nationwide	Sep 10, 2009
HLB (Hong Leong Bank)	Bank	30.00	5.69	9.98	69.86	3-5 days	Nationwide	Sep 10, 2009
HSBC Bank Malaysia	Bank	45.00	7.61	14.04	98.28	6 days or more	Nationwide	Sep 10, 2009
Bank Average		21.40	5.63	8.68	60.76
MTO Average		11.41	3.92	5.55	38.85
Post office Average		10.77	5.34	6.88	48.16
Total Average		16.89	5.03	7.44	52.08

	Total cost
Firm name	Firm type	Fee (IDR)	Exchange rate margin (%)	Percent (%)	IDR	Transfer speed	Network Coverage	Date
IME (M) (International Money Express Malaysia)	MTO	10.00	1.33	1.90	33.44	Same day	Nationwide	Sep 10, 2009
Maybank	Bank	10.00	4.43	5.00	88.00	2 days	Nationwide	Sep 10, 2009
CIMB Group (Cash Laju)	Bank	10.00	4.81	5.38	94.69	Same day	Nationwide	Sep 10, 2009
MoneyGram	MTO	13.46	5.08	5.85	102.96	Less than one hour	Nationwide	Sep 10, 2009
Pos Malaysia	Post office	10.77	5.34	5.95	104.72	Less than one hour	Nationwide	Sep 10, 2009
Western Union	MTO	10.77	5.34	5.95	104.72	Less than one hour	Nationwide	Sep 10, 2009
RHB Bank	Bank	12.00	5.60	6.28	110.53	3-5 days	Nationwide	Sep 10, 2009
HLB (Hong Leong Bank)	Bank	30.00	5.69	7.39	130.06	3-5 days	Nationwide	Sep 10, 2009
HSBC Bank Malaysia	Bank	45.00	7.61	10.17	178.99	6 days or more	Nationwide	Sep 10, 2009
Bank Average		21.40	5.63	6.84	120.38
MTO Average		11.41	3.92	4.57	80.43
Post office Average		10.77	5.34	5.95	104.72
Total Average		16.89	5.03	5.99	105.42

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
IME (M) (International Money Express Malaysia)	MTO	2.86	1.33	2.76	5.52	Same day	Nationwide	Sep 10, 2009
Maybank	Bank	2.86	4.43	5.86	11.72	2 days	Nationwide	Sep 10, 2009
CIMB Group (Cash Laju)	Bank	2.86	4.81	6.24	12.48	Same day	Nationwide	Sep 10, 2009
Pos Malaysia	Post office	3.08	5.34	6.88	13.76	Less than one hour	Nationwide	Sep 10, 2009
Western Union	MTO	3.08	5.34	6.88	13.76	Less than one hour	Nationwide	Sep 10, 2009
MoneyGram	MTO	3.85	5.08	7.01	14.02	Less than one hour	Nationwide	Sep 10, 2009
RHB Bank	Bank	3.43	5.60	7.31	14.62	3-5 days	Nationwide	Sep 10, 2009
HLB (Hong Leong Bank)	Bank	8.57	5.69	9.98	19.96	3-5 days	Nationwide	Sep 10, 2009
HSBC Bank Malaysia	Bank	12.86	7.61	14.04	28.08	6 days or more	Nationwide	Sep 10, 2009
Bank Average		6.11	5.63	8.68	17.36
MTO Average		3.26	3.92	5.55	11.10
Post office Average		3.08	5.34	6.88	13.76
Total Average		4.83	5.03	7.44	14.88
Total Average in First Quarter 2009		5.60	4.98	7.78	15.56

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
IME (M) (International Money Express Malaysia)	MTO	2.84	1.33	1.90	9.50	Same day	Nationwide	Sep 10, 2009
Maybank	Bank	2.84	4.43	5.00	25.00	2 days	Nationwide	Sep 10, 2009
CIMB Group (Cash Laju)	Bank	2.84	4.81	5.38	26.90	Same day	Nationwide	Sep 10, 2009
MoneyGram	MTO	3.82	5.08	5.85	29.25	Less than one hour	Nationwide	Sep 10, 2009
Pos Malaysia	Post office	3.06	5.34	5.95	29.75	Less than one hour	Nationwide	Sep 10, 2009
Western Union	MTO	3.06	5.34	5.95	29.75	Less than one hour	Nationwide	Sep 10, 2009
RHB Bank	Bank	3.41	5.60	6.28	31.40	3-5 days	Nationwide	Sep 10, 2009
HLB (Hong Leong Bank)	Bank	8.52	5.69	7.39	36.95	3-5 days	Nationwide	Sep 10, 2009
HSBC Bank Malaysia	Bank	12.78	7.61	10.17	50.85	6 days or more	Nationwide	Sep 10, 2009
Bank Average		6.08	5.63	6.84	34.20
MTO Average		3.24	3.92	4.57	22.85
Post office Average		3.06	5.34	5.95	29.75
Total Average		4.80	5.03	5.99	29.95
Total Average in First Quarter 2009		5.43	4.98	6.06	30.30

6051630

				Total cost
Firm name	Firm type	Fee (MYR)	Exchange rate margin (%)	Percent (%)	MYR	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	11.00	2.85	4.67	28.25	6 days or more	N/A	Feb 06, 2009
Western Union	MTO	11.00	2.85	4.67	28.25	Next day	N/A	Feb 06, 2009
MoneyGram	MTO	14.63	2.95	5.36	32.43	Less than one hour	N/A	Feb 06, 2009
IME (M) (International Money Express Malaysia)	MTO	15.00	3.89	6.36	38.48	Same day	N/A	Feb 06, 2009
RHB Bank	Bank	12.00	5.91	7.90	47.80	2 days	N/A	Feb 06, 2009
CIMB Group (Cash Laju)	Bank	10.00	7.60	9.25	55.96	2 days	N/A	Feb 06, 2009
HSBC Bank Malaysia	Bank	30.00	6.64	11.60	70.18	3-5 days	N/A	Feb 06, 2009
HLB (Hong Leong Bank)	Bank	32.00	7.14	12.42	75.14	2 days	N/A	Feb 06, 2009
Bank Average		21.00	6.82	10.29	62.25
MTO Average		13.54	3.23	5.47	33.09
Post office Average		11.00	2.85	4.67	28.25
Total Average		16.95	4.98	7.78	47.07
Total Average in 2008		15.56	5.44	8.01	48.46

	Total cost
Firm name	Firm type	Fee (MYR)	Exchange rate margin (%)	Percent (%)	MYR	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	14.00	2.85	3.71	60.47	6 days or more	N/A	Feb 06, 2009
Western Union	MTO	14.00	2.85	3.71	60.47	Next day	N/A	Feb 06, 2009
MoneyGram	MTO	14.63	2.95	3.84	62.59	Less than one hour	N/A	Feb 06, 2009
IME (M) (International Money Express Malaysia)	MTO	15.00	3.89	4.81	78.40	Same day	N/A	Feb 06, 2009
RHB Bank	Bank	12.00	5.91	6.65	108.40	2 days	N/A	Feb 06, 2009
CIMB Group (Cash Laju)	Bank	10.00	7.60	8.21	133.82	2 days	N/A	Feb 06, 2009
HSBC Bank Malaysia	Bank	30.00	6.64	8.48	138.22	3-5 days	N/A	Feb 06, 2009
HLB (Hong Leong Bank)	Bank	32.00	7.14	9.10	148.33	2 days	N/A	Feb 06, 2009
Bank Average		21.00	6.82	8.11	132.19
MTO Average		14.54	3.23	4.12	67.16
Post office Average		14.00	2.85	3.71	60.47
Total Average		17.70	4.98	6.06	98.78
Total Average in 2008		15.56	5.39	6.35	103.50

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	3.64	2.85	4.67	9.34	6 days or more	N/A	Feb 06, 2009
Western Union	MTO	3.64	2.85	4.67	9.34	Next day	N/A	Feb 06, 2009
MoneyGram	MTO	4.84	2.95	5.36	10.72	Less than one hour	N/A	Feb 06, 2009
IME (M) (International Money Express Malaysia)	MTO	4.96	3.89	6.36	12.72	Same day	N/A	Feb 06, 2009
RHB Bank	Bank	3.97	5.91	7.90	15.80	2 days	N/A	Feb 06, 2009
CIMB Group (Cash Laju)	Bank	3.31	7.60	9.25	18.50	2 days	N/A	Feb 06, 2009
HSBC Bank Malaysia	Bank	9.92	6.64	11.60	23.20	3-5 days	N/A	Feb 06, 2009
HLB (Hong Leong Bank)	Bank	10.58	7.14	12.42	24.84	2 days	N/A	Feb 06, 2009
Bank Average		6.94	6.82	10.29	20.58
MTO Average		4.48	3.23	5.47	10.94
Post office Average		3.64	2.85	4.67	9.34
Total Average		5.60	4.98	7.78	15.56
Total Average in 2008		5.14	5.44	8.01	16.02

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	4.29	2.85	3.71	18.55	6 days or more	N/A	Feb 06, 2009
Western Union	MTO	4.29	2.85	3.71	18.55	Next day	N/A	Feb 06, 2009
MoneyGram	MTO	4.49	2.95	3.84	19.20	Less than one hour	N/A	Feb 06, 2009
IME (M) (International Money Express Malaysia)	MTO	4.60	3.89	4.81	24.05	Same day	N/A	Feb 06, 2009
RHB Bank	Bank	3.68	5.91	6.65	33.25	2 days	N/A	Feb 06, 2009
CIMB Group (Cash Laju)	Bank	3.07	7.60	8.21	41.05	2 days	N/A	Feb 06, 2009
HSBC Bank Malaysia	Bank	9.20	6.64	8.48	42.40	3-5 days	N/A	Feb 06, 2009
HLB (Hong Leong Bank)	Bank	9.82	7.14	9.10	45.50	2 days	N/A	Feb 06, 2009
Bank Average		6.44	6.82	8.11	40.55
MTO Average		4.46	3.23	4.12	20.60
Post office Average		4.29	2.85	3.71	18.55
Total Average		5.43	4.98	6.06	30.30
Total Average in 2008		4.77	5.39	6.35	31.75

6051630

				Total cost
Firm name	Firm type	Fee (MYR)	Exchange rate margin (%)	Percent (%)	MYR	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	4.00	3.13	3.79	22.93	Up to 7 days	-	May 20, 2008
IME (M) (International Money Express Malaysia)	MTO	15.00	3.24	5.72	34.61	Same day	-	May 20, 2008
Western Union	MTO	11.00	5.33	7.15	43.26	Next day	-	May 20, 2008
CIMB Group (Cash Laju)	Bank	10.00	5.84	7.50	45.38	1-2 days	-	May 20, 2008
RHB Bank	Bank	12.00	5.59	7.57	45.80	2 days	-	May 20, 2008
MoneyGram	MTO	13.06	5.84	8.00	48.40	10 minutes	-	May 20, 2008
Maybank	Bank	10.00	6.85	8.50	51.42	1-2 days	-	May 20, 2008
HSBC Bank Malaysia	Bank	35.00	5.08	10.86	65.70	3-5 days	-	May 20, 2008
HLB (Hong Leong Bank)	Bank	30.00	8.05	13.01	78.71	2 days	-	May 20, 2008
Bank Average		19.40	6.28	9.49	57.41
MTO Average		13.02	4.80	6.96	42.11
Post office Average		4.00	3.13	3.79	22.93
Total Average		15.56	5.44	8.01	48.46
First Quarter 2009		16.95	4.98	7.78	47.07

	Total cost
Firm name	Firm type	Fee (MYR)	Exchange rate margin (%)	Percent (%)	MYR	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	4.00	2.71	2.96	48.25	Up to 7 days	-	May 20, 2008
IME (M) (International Money Express Malaysia)	MTO	15.00	3.24	4.16	67.81	Same day	-	May 20, 2008
Western Union	MTO	11.00	5.33	6.01	97.96	Next day	-	May 20, 2008
RHB Bank	Bank	12.00	5.59	6.33	103.18	2 days	-	May 20, 2008
CIMB Group (Cash Laju)	Bank	10.00	5.84	6.46	105.30	1-2 days	-	May 20, 2008
MoneyGram	MTO	13.06	5.84	6.65	108.40	10 minutes	-	May 20, 2008
HSBC Bank Malaysia	Bank	35.00	5.08	7.22	117.69	3-5 days	-	May 20, 2008
Maybank	Bank	10.00	6.85	7.46	121.60	1-2 days	-	May 20, 2008
HLB (Hong Leong Bank)	Bank	30.00	8.05	9.89	161.21	2 days	-	May 20, 2008
Bank Average		19.40	6.28	7.47	121.76
MTO Average		13.02	4.80	5.60	91.28
Post office Average		4.00	2.71	2.96	48.25
Total Average		15.56	5.39	6.35	103.50
First Quarter 2009		17.70	4.98	6.06	98.78

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	1.32	3.13	3.79	7.58	Up to 7 days	-	May 20, 2008
IME (M) (International Money Express Malaysia)	MTO	4.96	3.24	5.72	11.44	Same day	-	May 20, 2008
Western Union	MTO	3.64	5.33	7.15	14.30	Next day	-	May 20, 2008
CIMB Group (Cash Laju)	Bank	3.31	5.84	7.50	15.00	1-2 days	-	May 20, 2008
RHB Bank	Bank	3.97	5.59	7.57	15.14	2 days	-	May 20, 2008
MoneyGram	MTO	4.32	5.84	8.00	16.00	10 minutes	-	May 20, 2008
Maybank	Bank	3.31	6.85	8.50	17.00	1-2 days	-	May 20, 2008
HSBC Bank Malaysia	Bank	11.57	5.08	10.86	21.72	3-5 days	-	May 20, 2008
HLB (Hong Leong Bank)	Bank	9.92	8.05	13.01	26.02	2 days	-	May 20, 2008
Bank Average		6.41	6.28	9.49	18.98
MTO Average		4.30	4.80	6.96	13.92
Post office Average		1.32	3.13	3.79	7.58
Total Average		5.14	5.44	8.01	16.02
First Quarter 2009		5.60	4.98	7.78	15.56

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Pos Malaysia	Post office	1.23	2.71	2.96	14.80	Up to 7 days	-	May 20, 2008
IME (M) (International Money Express Malaysia)	MTO	4.60	3.24	4.16	20.80	Same day	-	May 20, 2008
Western Union	MTO	3.37	5.33	6.01	30.05	Next day	-	May 20, 2008
RHB Bank	Bank	3.68	5.59	6.33	31.65	2 days	-	May 20, 2008
CIMB Group (Cash Laju)	Bank	3.07	5.84	6.46	32.30	1-2 days	-	May 20, 2008
MoneyGram	MTO	4.01	5.84	6.65	33.25	10 minutes	-	May 20, 2008
HSBC Bank Malaysia	Bank	10.74	5.08	7.22	36.10	3-5 days	-	May 20, 2008
Maybank	Bank	3.07	6.85	7.46	37.30	1-2 days	-	May 20, 2008
HLB (Hong Leong Bank)	Bank	9.20	8.05	9.89	49.45	2 days	-	May 20, 2008
Bank Average		5.95	6.28	7.47	37.35
MTO Average		3.99	4.80	5.60	28.00
Post office Average		1.23	2.71	2.96	14.80
Total Average		4.77	5.39	6.35	31.75
First Quarter 2009		5.43	4.98	6.06	30.30

Remitting from Malaysia to Philippines

Collection period for Third quarter 2009

See prices in PHP | USD

7001760

				Total cost
Firm name	Firm type	Fee (PHP)	Exchange rate margin (%)	Percent (%)	PHP	Transfer speed	Network Coverage	Date
Iremit	MTO	9.00	1.95	3.24	22.68	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	15.00	1.81	3.95	27.65	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	15.00	1.95	4.09	28.63	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	18.00	1.95	4.52	31.64	Same day	Nationwide	Sep 11, 2009
Maybank	Bank	10.00	3.25	4.68	32.76	2 days	Nationwide	Sep 11, 2009
MoneyGram	MTO	14.20	2.67	4.70	32.90	Less than one hour	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	20.00	3.97	6.83	47.81	3-5 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	27.00	3.39	7.25	50.75	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	17.63	5.92	8.44	59.08	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	17.63	5.92	8.44	59.08	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		19.00	3.54	6.25	43.75
MTO Average		14.80	2.71	4.82	33.74
Post office Average		17.63	5.92	8.44	59.08
Total Average		16.35	3.28	5.61	39.27

	Total cost
Firm name	Firm type	Fee (PHP)	Exchange rate margin (%)	Percent (%)	PHP	Transfer speed	Network Coverage	Date
Iremit	MTO	9.00	1.95	2.46	43.30	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	15.00	1.81	2.66	46.82	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	15.00	1.95	2.80	49.28	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	18.00	1.95	2.97	52.27	Same day	Nationwide	Sep 11, 2009
MoneyGram	MTO	14.20	2.67	3.48	61.25	Less than one hour	Nationwide	Sep 11, 2009
Maybank	Bank	10.00	3.25	3.82	67.23	2 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	27.00	3.39	4.93	86.77	3-5 days	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	20.00	3.97	5.11	89.94	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	17.63	5.92	6.92	121.79	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	17.63	5.92	6.92	121.79	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		19.00	3.54	4.62	81.31
MTO Average		14.80	2.71	3.55	62.48
Post office Average		17.63	5.92	6.92	121.79
Total Average		16.35	3.28	4.21	74.10

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Iremit	MTO	2.57	1.95	3.24	6.48	Next day	Nationwide	Sep 11, 2009
IME (M) (International Money Express Malaysia)	MTO	4.29	1.81	3.95	7.90	Same day	Nationwide	Sep 11, 2009
Iremit	MTO	4.29	1.95	4.09	8.18	Next day	Nationwide	Sep 11, 2009
Iremit	MTO	5.14	1.95	4.52	9.04	Same day	Nationwide	Sep 11, 2009
Maybank	Bank	2.86	3.25	4.68	9.36	2 days	Nationwide	Sep 11, 2009
MoneyGram	MTO	4.06	2.67	4.70	9.40	Less than one hour	Nationwide	Sep 11, 2009
Standard Chartered Bank	Bank	5.71	3.97	6.83	13.66	3-5 days	Nationwide	Sep 11, 2009
United Overseas Bank	Bank	7.71	3.39	7.25	14.50	3-5 days	Nationwide	Sep 11, 2009
Pos Malaysia	Post office	5.04	5.92	8.44	16.88	Less than one hour	Nationwide	Sep 11, 2009
Western Union	MTO	5.04	5.92	8.44	16.88	Less than one hour	Nationwide	Sep 11, 2009
Bank Average		5.43	3.54	6.25	12.50
MTO Average		4.23	2.71	4.82	9.64
Post office Average		5.04	5.92	8.44	16.88
Total Average		4.67	3.28	5.61	11.22