Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to PHILIPPINES

Data collected on: Aug 23, 2022-Sep 04, 2022
MYR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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 descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
0.23
Percentage difference between market reference rate 12.52 and exchange rate charged 12.50
0.23
1.051.05
6.412.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
0.30
Percentage difference between market reference rate 12.52 and exchange rate charged 12.49
0.30
1.121.12
6.832.24
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.64
0.53
Percentage difference between market reference rate 12.52 and exchange rate charged 12.46
0.53
1.351.35
8.242.70
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
-0.27
Percentage difference between market reference rate 12.50 and exchange rate charged 12.53
-0.27
1.371.37
8.362.74
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.28
-0.27
Percentage difference between market reference rate 12.50 and exchange rate charged 12.53
-0.27
1.371.37
8.362.74
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
8.462.77
0.00
Percentage difference between market reference rate 12.57 and exchange rate charged 12.57
0.00
1.391.39
8.482.78
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
0.60
Percentage difference between market reference rate 12.57 and exchange rate charged 12.50
0.60
1.421.42
8.662.84
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
0.67
Percentage difference between market reference rate 12.57 and exchange rate charged 12.49
0.67
1.491.49
9.092.98
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
0.84
Percentage difference between market reference rate 12.56 and exchange rate charged 12.45
0.84
1.661.66
10.133.32
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
0.85
Percentage difference between market reference rate 0.22 and exchange rate charged 0.22
0.85
1.661.66
10.133.32
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.64
0.90
Percentage difference between market reference rate 12.57 and exchange rate charged 12.46
0.90
1.721.72
10.493.44
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.28
0.08
Percentage difference between market reference rate 12.49 and exchange rate charged 12.48
0.08
1.721.72
10.493.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
0.92
Percentage difference between market reference rate 0.22 and exchange rate charged 0.22
0.92
1.741.74
10.613.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
0.94
Percentage difference between market reference rate 12.56 and exchange rate charged 12.44
0.94
1.761.76
10.743.52
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.62
0.51
Percentage difference between market reference rate 12.51 and exchange rate charged 12.45
0.51
1.821.82
11.103.64
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
8.002.62
0.53
Percentage difference between market reference rate 12.57 and exchange rate charged 12.50
0.53
1.851.85
11.293.70
CBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Bank branch
High
10.003.28
0.32
Percentage difference between market reference rate 12.49 and exchange rate charged 12.45
0.32
1.961.96
11.963.92
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
0.37
Percentage difference between market reference rate 12.50 and exchange rate charged 12.45
0.37
2.012.01
12.264.02
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
13.004.26
0.01
Percentage difference between market reference rate 12.54 and exchange rate charged 12.54
0.01
2.142.14
13.054.28
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.28
0.88
Percentage difference between market reference rate 12.49 and exchange rate charged 12.38
0.88
2.522.52
15.375.04
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.28
0.88
Percentage difference between market reference rate 12.49 and exchange rate charged 12.38
0.88
2.522.52
15.375.04
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.92
0.08
Percentage difference between market reference rate 12.49 and exchange rate charged 12.48
0.08
2.542.54
15.495.08
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.004.92
0.44
Percentage difference between market reference rate 12.52 and exchange rate charged 12.47
0.44
2.892.89
17.635.78
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.92
0.49
Percentage difference between market reference rate 12.53 and exchange rate charged 12.47
0.49
2.952.95
18.005.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.92
0.67
Percentage difference between market reference rate 12.52 and exchange rate charged 12.44
0.67
3.133.13
19.096.26
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
12.003.93
1.42
Percentage difference between market reference rate 12.67 and exchange rate charged 12.49
1.42
3.383.38
20.626.76
Maybank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.28
2.30
Percentage difference between market reference rate 12.50 and exchange rate charged 12.21
2.30
3.943.94
24.037.88
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.28
2.30
Percentage difference between market reference rate 12.50 and exchange rate charged 12.21
2.30
3.943.94
24.037.88
RHB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.20
0.86
Percentage difference between market reference rate 12.53 and exchange rate charged 12.42
0.86
4.954.95
30.209.90
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
31.8010.43
0.56
Percentage difference between market reference rate 12.49 and exchange rate charged 12.42
0.56
5.775.77
35.2011.54
EZ Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.004.92
3.47
Percentage difference between market reference rate 12.50 and exchange rate charged 12.07
3.47
5.935.93
36.1711.86
United Overseas Bank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.20
2.84
Percentage difference between market reference rate 12.54 and exchange rate charged 12.18
2.84
6.946.94
42.3313.88
Total Average Third Quarter
2.562.56
Total Average Second Quarter
2.332.33
Total Average
Fee
10.823.55
Exchange Rate Margin (%)
0.790.79
Total Cost Percent (%)
2.562.56
Total Cost (MYR) Total Cost (USD)
15.635.13
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
-0.27
Percentage difference between market reference rate 12.50 and exchange rate charged 12.53
-0.27
0.380.38
5.811.90
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
-0.27
Percentage difference between market reference rate 12.50 and exchange rate charged 12.53
-0.27
0.380.38
5.811.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
0.23
Percentage difference between market reference rate 12.52 and exchange rate charged 12.50
0.23
0.560.56
8.572.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
0.30
Percentage difference between market reference rate 12.52 and exchange rate charged 12.49
0.30
0.630.63
9.643.15
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
0.08
Percentage difference between market reference rate 12.49 and exchange rate charged 12.48
0.08
0.730.73
11.173.65
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
13.004.25
0.01
Percentage difference between market reference rate 12.54 and exchange rate charged 12.54
0.01
0.860.86
13.164.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.63
0.53
Percentage difference between market reference rate 12.52 and exchange rate charged 12.46
0.53
0.860.86
13.164.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
0.60
Percentage difference between market reference rate 12.57 and exchange rate charged 12.50
0.60
0.920.92
14.084.60
CBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Bank branch
High
10.003.27
0.32
Percentage difference between market reference rate 12.49 and exchange rate charged 12.45
0.32
0.970.97
14.844.85
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
14.954.89
0.00
Percentage difference between market reference rate 12.57 and exchange rate charged 12.57
0.00
0.980.98
14.994.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
0.67
Percentage difference between market reference rate 12.57 and exchange rate charged 12.49
0.67
0.990.99
15.154.95
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
0.37
Percentage difference between market reference rate 12.50 and exchange rate charged 12.45
0.37
1.021.02
15.615.10
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.61
0.51
Percentage difference between market reference rate 12.51 and exchange rate charged 12.45
0.51
1.031.03
15.765.15
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
15.004.90
0.08
Percentage difference between market reference rate 12.49 and exchange rate charged 12.48
0.08
1.061.06
16.225.30
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
8.002.61
0.53
Percentage difference between market reference rate 12.57 and exchange rate charged 12.50
0.53
1.061.06
16.225.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
0.85
Percentage difference between market reference rate 0.22 and exchange rate charged 0.22
0.85
1.171.17
17.905.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.63
0.90
Percentage difference between market reference rate 12.57 and exchange rate charged 12.46
0.90
1.221.22
18.676.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
0.92
Percentage difference between market reference rate 0.22 and exchange rate charged 0.22
0.92
1.251.25
19.136.25
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.004.90
0.44
Percentage difference between market reference rate 12.52 and exchange rate charged 12.47
0.44
1.421.42
21.737.10
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.90
0.49
Percentage difference between market reference rate 12.53 and exchange rate charged 12.47
0.49
1.471.47
22.497.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
0.84
Percentage difference between market reference rate 12.56 and exchange rate charged 12.45
0.84
1.491.49
22.807.45
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.27
0.88
Percentage difference between market reference rate 12.49 and exchange rate charged 12.38
0.88
1.531.53
23.417.65
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.27
0.88
Percentage difference between market reference rate 12.49 and exchange rate charged 12.38
0.88
1.531.53
23.417.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
0.94
Percentage difference between market reference rate 12.56 and exchange rate charged 12.44
0.94
1.591.59
24.337.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.006.54
0.67
Percentage difference between market reference rate 12.52 and exchange rate charged 12.44
0.67
1.971.97
30.149.85
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
12.003.92
1.42
Percentage difference between market reference rate 12.67 and exchange rate charged 12.49
1.42
2.202.20
33.6611.00
RHB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.17
0.86
Percentage difference between market reference rate 12.53 and exchange rate charged 12.42
0.86
2.492.49
38.1012.45
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
31.8010.39
0.56
Percentage difference between market reference rate 12.49 and exchange rate charged 12.42
0.56
2.642.64
40.3913.20
Maybank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.27
2.30
Percentage difference between market reference rate 12.50 and exchange rate charged 12.21
2.30
2.952.95
45.1414.75
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.27
2.30
Percentage difference between market reference rate 12.50 and exchange rate charged 12.21
2.30
2.952.95
45.1414.75
EZ Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.004.90
3.47
Percentage difference between market reference rate 12.50 and exchange rate charged 12.07
3.47
4.454.45
68.0922.25
United Overseas Bank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.17
2.84
Percentage difference between market reference rate 12.54 and exchange rate charged 12.18
2.84
4.474.47
68.3922.35
Total Average Third Quarter
1.541.54
Total Average Second Quarter
1.291.29
Total Average
Fee
11.493.76
Exchange Rate Margin (%)
0.790.79
Total Cost Percent (%)
1.541.54
Total Cost (MYR) Total Cost (USD)
23.537.69
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet