Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From myMY you can also send money to
Transfer money

Sending money from MALAYSIA to INDONESIA

Data collected on: Feb 19, 2025 - Mar 03, 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
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
9.43
Exchange rate margin(%)
0.02
Percentage difference between market reference rate 3,688.31 and exchange rate charged 3,687.69
Total cost (%)
1.57
Total cost (MYR)sort descending
9.58
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(%)
1.14
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,644.33
Total cost (%)
1.96
Total cost (MYR)sort descending
11.96
Firm
GPL Remittance
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
8.00
Exchange rate margin(%)
0.90
Percentage difference between market reference rate 3,677.05 and exchange rate charged 3,644.00
Total cost (%)
2.21
Total cost (MYR)sort descending
13.48
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
Medium 
Fee
7.00
Exchange rate margin(%)
1.53
Percentage difference between market reference rate 3,680.15 and exchange rate charged 3,624.00
Total cost (%)
2.68
Total cost (MYR)sort descending
16.35
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
12.00
Exchange rate margin(%)
1.12
Percentage difference between market reference rate 3,687.93 and exchange rate charged 3,646.72
Total cost (%)
3.09
Total cost (MYR)sort descending
18.85
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
14.00
Exchange rate margin(%)
0.87
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,654.29
Total cost (%)
3.17
Total cost (MYR)sort descending
19.34
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
11.00
Exchange rate margin(%)
1.39
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,635.00
Total cost (%)
3.19
Total cost (MYR)sort descending
19.46
Firm
Max Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
1.60
Percentage difference between market reference rate 3,682.08 and exchange rate charged 3,623.19
Total cost (%)
3.24
Total cost (MYR)sort descending
19.76
Firm
ValYou
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
11.00
Exchange rate margin(%)
1.57
Percentage difference between market reference rate 3,691.00 and exchange rate charged 3,633.00
Total cost (%)
3.37
Total cost (MYR)sort descending
20.56
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
14.00
Exchange rate margin(%)
1.18
Percentage difference between market reference rate 3,684.12 and exchange rate charged 3,640.74
Total cost (%)
3.48
Total cost (MYR)sort descending
21.23
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
Medium 
Fee
10.00
Exchange rate margin(%)
1.84
Percentage difference between market reference rate 3,674.50 and exchange rate charged 3,607.00
Total cost (%)
3.48
Total cost (MYR)sort descending
21.23
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
Medium 
Fee
10.00
Exchange rate margin(%)
1.88
Percentage difference between market reference rate 3,676.01 and exchange rate charged 3,607.00
Total cost (%)
3.52
Total cost (MYR)sort descending
21.47
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
14.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 3,686.17 and exchange rate charged 3,640.74
Total cost (%)
3.53
Total cost (MYR)sort descending
21.53
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
14.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 3,686.17 and exchange rate charged 3,640.74
Total cost (%)
3.53
Total cost (MYR)sort descending
21.53
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
14.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 3,686.17 and exchange rate charged 3,640.74
Total cost (%)
3.53
Total cost (MYR)sort descending
21.53
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
14.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 3,686.17 and exchange rate charged 3,640.74
Total cost (%)
3.53
Total cost (MYR)sort descending
21.53
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
14.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 3,686.17 and exchange rate charged 3,640.74
Total cost (%)
3.53
Total cost (MYR)sort descending
21.53
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
14.00
Exchange rate margin(%)
1.23
Percentage difference between market reference rate 3,686.17 and exchange rate charged 3,640.74
Total cost (%)
3.53
Total cost (MYR)sort descending
21.53
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
14.00
Exchange rate margin(%)
1.45
Percentage difference between market reference rate 3,689.63 and exchange rate charged 3,635.98
Total cost (%)
3.75
Total cost (MYR)sort descending
22.88
Firm
Pos Malaysia
Firm type: Post office
 
Payment instrument
Access point
Post Office branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
14.00
Exchange rate margin(%)
1.49
Percentage difference between market reference rate 3,706.36 and exchange rate charged 3,651.00
Total cost (%)
3.79
Total cost (MYR)sort descending
23.12
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
15.00
Exchange rate margin(%)
1.39
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,635.00
Total cost (%)
3.85
Total cost (MYR)sort descending
23.49
Firm
KL Remit Xchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
15.00
Exchange rate margin(%)
1.41
Percentage difference between market reference rate 3,674.75 and exchange rate charged 3,623.00
Total cost (%)
3.87
Total cost (MYR)sort descending
23.61
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
15.00
Exchange rate margin(%)
1.46
Percentage difference between market reference rate 3,699.03 and exchange rate charged 3,645.00
Total cost (%)
3.92
Total cost (MYR)sort descending
23.91
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
15.00
Exchange rate margin(%)
1.46
Percentage difference between market reference rate 3,699.03 and exchange rate charged 3,645.00
Total cost (%)
3.92
Total cost (MYR)sort descending
23.91
Firm
Akbar Money Changer
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(%)
2.36
Percentage difference between market reference rate 3,657.30 and exchange rate charged 3,571.00
Total cost (%)
4.00
Total cost (MYR)sort descending
24.40
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
15.00
Exchange rate margin(%)
1.57
Percentage difference between market reference rate 3,691.00 and exchange rate charged 3,633.00
Total cost (%)
4.03
Total cost (MYR)sort descending
24.58
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
15.00
Exchange rate margin(%)
1.65
Percentage difference between market reference rate 3,683.74 and exchange rate charged 3,623.00
Total cost (%)
4.11
Total cost (MYR)sort descending
25.07
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
Medium 
Fee
10.00
Exchange rate margin(%)
2.69
Percentage difference between market reference rate 3,684.12 and exchange rate charged 3,584.90
Total cost (%)
4.33
Total cost (MYR)sort descending
26.41
Firm
EZ Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
18.00
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 3,708.50 and exchange rate charged 3,640.00
Total cost (%)
4.80
Total cost (MYR)sort descending
29.28
Firm
EZ Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
18.00
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 3,708.50 and exchange rate charged 3,640.00
Total cost (%)
4.80
Total cost (MYR)sort descending
29.28
Firm
HLB SuperRemit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
20.00
Exchange rate margin(%)
1.87
Percentage difference between market reference rate 3,692.13 and exchange rate charged 3,623.18
Total cost (%)
5.15
Total cost (MYR)sort descending
31.42
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
7.50
Exchange rate margin(%)
4.32
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,527.04
Total cost (%)
5.55
Total cost (MYR)sort descending
33.86
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
7.50
Exchange rate margin(%)
4.32
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,527.04
Total cost (%)
5.55
Total cost (MYR)sort descending
33.86
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
12.00
Exchange rate margin(%)
4.81
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,508.77
Total cost (%)
6.78
Total cost (MYR)sort descending
41.36
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
Medium 
Fee
10.00
Exchange rate margin(%)
6.46
Percentage difference between market reference rate 3,686.23 and exchange rate charged 3,448.28
Total cost (%)
8.10
Total cost (MYR)sort descending
49.41
Firm
RHB Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
4.96
Percentage difference between market reference rate 3,685.77 and exchange rate charged 3,503.00
Total cost (%)
9.06
Total cost (MYR)sort descending
55.27
Firm
RHB Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
25.00
Exchange rate margin(%)
4.96
Percentage difference between market reference rate 3,685.77 and exchange rate charged 3,503.00
Total cost (%)
9.06
Total cost (MYR)sort descending
55.27
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
Medium 
Fee
20.00
Exchange rate margin(%)
6.84
Percentage difference between market reference rate 3,688.74 and exchange rate charged 3,436.42
Total cost (%)
10.12
Total cost (MYR)sort descending
61.73
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
Medium 
Fee
20.00
Exchange rate margin(%)
6.84
Percentage difference between market reference rate 3,688.74 and exchange rate charged 3,436.42
Total cost (%)
10.12
Total cost (MYR)sort descending
61.73
Firm
HLB (Hong Leong 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(%)
5.96
Percentage difference between market reference rate 3,692.13 and exchange rate charged 3,472.22
Total cost (%)
10.88
Total cost (MYR)sort descending
66.37
Firm
HLB (Hong Leong 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(%)
5.96
Percentage difference between market reference rate 3,692.13 and exchange rate charged 3,472.22
Total cost (%)
10.88
Total cost (MYR)sort descending
66.37
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
Medium 
Fee
30.00
Exchange rate margin(%)
6.68
Percentage difference between market reference rate 3,707.94 and exchange rate charged 3,460.20
Total cost (%)
11.60
Total cost (MYR)sort descending
70.76
Total Average First Quarter 2025
4.96
Total Average Fourth Quarter 2024
5.01
Total Average
Fee
14.68
Exchange Rate Margin (%)
2.55
Total Cost Percent (%)
4.96
Total Cost (MYR)
30.23
Non-Transparent records
Bank account transfer Cash Debit card
Next day Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet Own/partner bank account
      © 2023 The World Bank Group, All Rights Reserved