Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From myMY you can also send money to
Transfer money

Sending money from MALAYSIA to BANGLADESH

Data collected on: Feb 07, 2025 - Mar 05, 2025
MYR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (MYR)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
3.61
Percentage difference between market reference rate 28.46 and exchange rate charged 27.43
Total cost (%)
4.43
Total cost (MYR)sort descending
27.02
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5.00
Exchange rate margin(%)
3.78
Percentage difference between market reference rate 28.46 and exchange rate charged 27.38
Total cost (%)
4.60
Total cost (MYR)sort descending
28.06
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
5.00
Exchange rate margin(%)
3.78
Percentage difference between market reference rate 28.46 and exchange rate charged 27.38
Total cost (%)
4.60
Total cost (MYR)sort descending
28.06
Firm
NBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
3.18
Percentage difference between market reference rate 28.46 and exchange rate charged 27.55
Total cost (%)
4.82
Total cost (MYR)sort descending
29.40
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
3.36
Percentage difference between market reference rate 28.46 and exchange rate charged 27.50
Total cost (%)
5.00
Total cost (MYR)sort descending
30.50
Firm
CBL Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
9.00
Exchange rate margin(%)
3.53
Percentage difference between market reference rate 28.46 and exchange rate charged 27.45
Total cost (%)
5.01
Total cost (MYR)sort descending
30.56
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
3.53
Percentage difference between market reference rate 28.46 and exchange rate charged 27.45
Total cost (%)
5.17
Total cost (MYR)sort descending
31.54
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
3.53
Percentage difference between market reference rate 28.46 and exchange rate charged 27.45
Total cost (%)
5.17
Total cost (MYR)sort descending
31.54
Firm
Agrani Remittance House
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
3.53
Percentage difference between market reference rate 28.46 and exchange rate charged 27.45
Total cost (%)
5.17
Total cost (MYR)sort descending
31.54
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
4.40
Percentage difference between market reference rate 28.46 and exchange rate charged 27.20
Total cost (%)
5.22
Total cost (MYR)sort descending
31.84
Firm
ValYou
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
12.00
Exchange rate margin(%)
3.36
Percentage difference between market reference rate 28.46 and exchange rate charged 27.50
Total cost (%)
5.33
Total cost (MYR)sort descending
32.51
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
3.71
Percentage difference between market reference rate 28.46 and exchange rate charged 27.40
Total cost (%)
5.35
Total cost (MYR)sort descending
32.64
Firm
MoneyMatch Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8.00
Exchange rate margin(%)
4.14
Percentage difference between market reference rate 28.46 and exchange rate charged 27.28
Total cost (%)
5.45
Total cost (MYR)sort descending
33.25
Firm
Merchantrade Money Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
4.06
Percentage difference between market reference rate 28.46 and exchange rate charged 27.30
Total cost (%)
5.70
Total cost (MYR)sort descending
34.77
Firm
ValYou
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
4.06
Percentage difference between market reference rate 28.46 and exchange rate charged 27.30
Total cost (%)
5.70
Total cost (MYR)sort descending
34.77
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
12.00
Exchange rate margin(%)
3.99
Percentage difference between market reference rate 28.46 and exchange rate charged 27.32
Total cost (%)
5.96
Total cost (MYR)sort descending
36.36
Firm
IME (International Money Express)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
4.59
Percentage difference between market reference rate 28.46 and exchange rate charged 27.15
Total cost (%)
6.23
Total cost (MYR)sort descending
38.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
15.00
Exchange rate margin(%)
3.82
Percentage difference between market reference rate 28.46 and exchange rate charged 27.37
Total cost (%)
6.28
Total cost (MYR)sort descending
38.31
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
4.76
Percentage difference between market reference rate 28.46 and exchange rate charged 27.10
Total cost (%)
6.40
Total cost (MYR)sort descending
39.04
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
4.94
Percentage difference between market reference rate 28.46 and exchange rate charged 27.05
Total cost (%)
6.58
Total cost (MYR)sort descending
40.14
Firm
Incentive Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
5.08
Percentage difference between market reference rate 28.46 and exchange rate charged 27.01
Total cost (%)
6.72
Total cost (MYR)sort descending
40.99
Firm
Incentive Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
5.08
Percentage difference between market reference rate 28.46 and exchange rate charged 27.01
Total cost (%)
6.72
Total cost (MYR)sort descending
40.99
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
20.00
Exchange rate margin(%)
4.22
Percentage difference between market reference rate 28.46 and exchange rate charged 27.26
Total cost (%)
7.50
Total cost (MYR)sort descending
45.75
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
24.19
Exchange rate margin(%)
3.62
Percentage difference between market reference rate 28.46 and exchange rate charged 27.43
Total cost (%)
7.59
Total cost (MYR)sort descending
46.30
Firm
Al-Rajhi Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
30.00
Exchange rate margin(%)
5.26
Percentage difference between market reference rate 28.46 and exchange rate charged 26.96
Total cost (%)
10.18
Total cost (MYR)sort descending
62.10
Firm
CIMB Group (Cash Laju)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
10.01
Percentage difference between market reference rate 28.46 and exchange rate charged 25.61
Total cost (%)
11.65
Total cost (MYR)sort descending
71.07
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
30.00
Exchange rate margin(%)
6.80
Percentage difference between market reference rate 28.46 and exchange rate charged 26.52
Total cost (%)
11.72
Total cost (MYR)sort descending
71.49
Firm
Standard Chartered Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
30.00
Exchange rate margin(%)
6.87
Percentage difference between market reference rate 28.46 and exchange rate charged 26.50
Total cost (%)
11.79
Total cost (MYR)sort descending
71.92
Firm
Standard Chartered Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
30.00
Exchange rate margin(%)
6.87
Percentage difference between market reference rate 28.46 and exchange rate charged 26.50
Total cost (%)
11.79
Total cost (MYR)sort descending
71.92
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
30.00
Exchange rate margin(%)
6.88
Percentage difference between market reference rate 28.46 and exchange rate charged 26.50
Total cost (%)
11.80
Total cost (MYR)sort descending
71.98
Firm
RHB Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
25.00
Exchange rate margin(%)
8.98
Percentage difference between market reference rate 28.46 and exchange rate charged 25.90
Total cost (%)
13.08
Total cost (MYR)sort descending
79.79
Firm
RHB Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
25.00
Exchange rate margin(%)
8.98
Percentage difference between market reference rate 28.46 and exchange rate charged 25.90
Total cost (%)
13.08
Total cost (MYR)sort descending
79.79
Firm
CIMB Group (Cash Laju)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
30.00
Exchange rate margin(%)
10.39
Percentage difference between market reference rate 28.46 and exchange rate charged 25.50
Total cost (%)
15.31
Total cost (MYR)sort descending
93.39
Total Average First Quarter 2025
7.49
Total Average Fourth Quarter 2024
5.70
Total Average
Fee
14.85
Exchange Rate Margin (%)
5.05
Total Cost Percent (%)
7.49
Total Cost (MYR)
45.68
Non-Transparent records
Cash Bank account transfer Debit card
3-5 days Less than one hour 2 days
Bank account Mobile wallet Cash Own/partner bank account
      © 2023 The World Bank Group, All Rights Reserved