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Sending money from MALAYSIA to BANGLADESH

Data collected on: Feb 08, 2019
MYR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (MYR)sort descendingTotal cost (USD)sort descending
Firm
Western Union
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.990.32
Exchange rate margin (%)
0.30
0.30
Total cost (%)
0.460.46
Total cost (MYR)sort descendingTotal cost (USD)sort descending
2.810.92
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.990.32
Exchange rate margin (%)
0.54
0.54
Total cost (%)
0.700.70
Total cost (MYR)sort descendingTotal cost (USD)sort descending
4.271.40
Firm
MoneyGram
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.002.95
Exchange rate margin (%)
0.04
0.04
Total cost (%)
1.521.52
Total cost (MYR)sort descendingTotal cost (USD)sort descending
9.273.04
Firm
Xpress Money
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
-0.06
-0.06
Total cost (%)
1.581.58
Total cost (MYR)sort descendingTotal cost (USD)sort descending
9.643.16
Firm
Pos Malaysia
 
Payment instrument
Access point
Post Office branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.002.95
Exchange rate margin (%)
0.14
0.14
Total cost (%)
1.611.61
Total cost (MYR)sort descendingTotal cost (USD)sort descending
9.823.22
Firm
Bank Islam
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.002.95
Exchange rate margin (%)
0.14
0.14
Total cost (%)
1.611.61
Total cost (MYR)sort descendingTotal cost (USD)sort descending
9.823.22
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
9.002.95
Exchange rate margin (%)
0.14
0.14
Total cost (%)
1.611.61
Total cost (MYR)sort descendingTotal cost (USD)sort descending
9.823.22
Firm
AKbar Money Change
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.93
Exchange rate margin (%)
-0.30
-0.30
Total cost (%)
1.671.67
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.193.34
Firm
IME (International Money Express)
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.731.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.553.46
Firm
NBL Money Transfer
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.731.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.553.46
Firm
Agrani Remittance House
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.731.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.553.46
Firm
Max Money
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
10.003.28
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.731.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.553.46
Firm
Prabhu Money Transfer
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.731.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.553.46
Firm
CBL Money Transfer
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.731.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
10.553.46
Firm
Al-Rajhi Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
0.24
0.24
Total cost (%)
2.202.20
Total cost (MYR)sort descendingTotal cost (USD)sort descending
13.424.40
Firm
E-remit
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
0.33
0.33
Total cost (%)
2.302.30
Total cost (MYR)sort descendingTotal cost (USD)sort descending
14.034.60
Firm
Incentive Remit
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
0.43
0.43
Total cost (%)
2.402.40
Total cost (MYR)sort descendingTotal cost (USD)sort descending
14.644.80
Firm
ValYou
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
0.82
0.82
Total cost (%)
2.462.46
Total cost (MYR)sort descendingTotal cost (USD)sort descending
15.014.92
Firm
Unique Exchange
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
15.004.92
Exchange rate margin (%)
0.04
0.04
Total cost (%)
2.502.50
Total cost (MYR)sort descendingTotal cost (USD)sort descending
15.255.00
Firm
Merchantrade Money Transfer
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.92
Exchange rate margin (%)
0.09
0.09
Total cost (%)
2.552.55
Total cost (MYR)sort descendingTotal cost (USD)sort descending
15.565.10
Firm
Maybank Money Express
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
10.003.28
Exchange rate margin (%)
2.76
2.76
Total cost (%)
4.404.40
Total cost (MYR)sort descendingTotal cost (USD)sort descending
26.848.80
Firm
maybank2U
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.28
Exchange rate margin (%)
2.76
2.76
Total cost (%)
4.404.40
Total cost (MYR)sort descendingTotal cost (USD)sort descending
26.848.80
Firm
Maybank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.008.20
Exchange rate margin (%)
2.76
2.76
Total cost (%)
6.866.86
Total cost (MYR)sort descendingTotal cost (USD)sort descending
41.8513.72
Firm
Standard Chartered Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
20.006.56
Exchange rate margin (%)
3.90
3.90
Total cost (%)
7.187.18
Total cost (MYR)sort descendingTotal cost (USD)sort descending
43.8014.36
Firm
RHB Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
27.008.85
Exchange rate margin (%)
5.58
5.58
Total cost (%)
10.0110.01
Total cost (MYR)sort descendingTotal cost (USD)sort descending
61.0620.02
Firm
CIMB Group (Cash Laju)
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.009.84
Exchange rate margin (%)
7.04
7.04
Total cost (%)
11.9611.96
Total cost (MYR)sort descendingTotal cost (USD)sort descending
72.9623.92
Total Average First Quarter
3.093.09
Total Average Fourth Quarter 2018
3.273.27
Total Average
Fee
12.234.01
Exchange Rate Margin (%)
1.091.09
Total Cost Percent (%)
3.093.09
Total Cost (MYR) Total Cost (USD)
18.856.18
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash Mobile wallet Own/partner bank account
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (MYR)sort descendingTotal cost (USD)sort descending
Firm
Western Union
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.990.32
Exchange rate margin (%)
0.30
0.30
Total cost (%)
0.360.36
Total cost (MYR)sort descendingTotal cost (USD)sort descending
5.511.80
Firm
NBL Money Transfer
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
0.09
0.09
Total cost (%)
0.740.74
Total cost (MYR)sort descendingTotal cost (USD)sort descending
11.323.70
Firm
Max Money
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
10.003.27
Exchange rate margin (%)
0.09
0.09
Total cost (%)
0.740.74
Total cost (MYR)sort descendingTotal cost (USD)sort descending
11.323.70
Firm
CBL Money Transfer
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
0.09
0.09
Total cost (%)
0.740.74
Total cost (MYR)sort descendingTotal cost (USD)sort descending
11.323.70
Firm
AKbar Money Change
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
16.005.23
Exchange rate margin (%)
-0.30
-0.30
Total cost (%)
0.750.75
Total cost (MYR)sort descendingTotal cost (USD)sort descending
11.483.75
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.001.63
Exchange rate margin (%)
0.54
0.54
Total cost (%)
0.870.87
Total cost (MYR)sort descendingTotal cost (USD)sort descending
13.314.35
Firm
Pos Malaysia
 
Payment instrument
Access point
Post Office branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
0.14
0.14
Total cost (%)
0.920.92
Total cost (MYR)sort descendingTotal cost (USD)sort descending
14.084.60
Firm
Xpress Money
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
-0.06
-0.06
Total cost (%)
0.920.92
Total cost (MYR)sort descendingTotal cost (USD)sort descending
14.084.60
Firm
Bank Islam
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
0.14
0.14
Total cost (%)
0.920.92
Total cost (MYR)sort descendingTotal cost (USD)sort descending
14.084.60
Firm
Western Union
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
0.14
0.14
Total cost (%)
0.920.92
Total cost (MYR)sort descendingTotal cost (USD)sort descending
14.084.60
Firm
Al-Rajhi Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
0.24
0.24
Total cost (%)
1.021.02
Total cost (MYR)sort descendingTotal cost (USD)sort descending
15.615.10
Firm
Unique Exchange
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
15.004.90
Exchange rate margin (%)
0.04
0.04
Total cost (%)
1.021.02
Total cost (MYR)sort descendingTotal cost (USD)sort descending
15.615.10
Firm
MoneyGram
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
0.04
0.04
Total cost (%)
1.021.02
Total cost (MYR)sort descendingTotal cost (USD)sort descending
15.615.10
Firm
IME (International Money Express)
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.071.07
Total cost (MYR)sort descendingTotal cost (USD)sort descending
16.375.35
Firm
Agrani Remittance House
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.071.07
Total cost (MYR)sort descendingTotal cost (USD)sort descending
16.375.35
Firm
Prabhu Money Transfer
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.071.07
Total cost (MYR)sort descendingTotal cost (USD)sort descending
16.375.35
Firm
Merchantrade Money Transfer
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
0.09
0.09
Total cost (%)
1.071.07
Total cost (MYR)sort descendingTotal cost (USD)sort descending
16.375.35
Firm
E-remit
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
0.33
0.33
Total cost (%)
1.121.12
Total cost (MYR)sort descendingTotal cost (USD)sort descending
17.145.60
Firm
Incentive Remit
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
15.004.90
Exchange rate margin (%)
0.43
0.43
Total cost (%)
1.411.41
Total cost (MYR)sort descendingTotal cost (USD)sort descending
21.577.05
Firm
ValYou
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
0.82
0.82
Total cost (%)
1.471.47
Total cost (MYR)sort descendingTotal cost (USD)sort descending
22.497.35
Firm
Maybank Money Express
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
10.003.27
Exchange rate margin (%)
2.76
2.76
Total cost (%)
3.423.42
Total cost (MYR)sort descendingTotal cost (USD)sort descending
52.3317.10
Firm
maybank2U
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
2.76
2.76
Total cost (%)
3.423.42
Total cost (MYR)sort descendingTotal cost (USD)sort descending
52.3317.10
Firm
Maybank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.008.17
Exchange rate margin (%)
2.76
2.76
Total cost (%)
4.404.40
Total cost (MYR)sort descendingTotal cost (USD)sort descending
67.3222.00
Firm
Standard Chartered Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
20.006.54
Exchange rate margin (%)
3.90
3.90
Total cost (%)
5.205.20
Total cost (MYR)sort descendingTotal cost (USD)sort descending
79.5626.00
Firm
RHB Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
27.008.82
Exchange rate margin (%)
5.58
5.58
Total cost (%)
7.357.35
Total cost (MYR)sort descendingTotal cost (USD)sort descending
112.4636.75
Firm
CIMB Group (Cash Laju)
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
30.009.80
Exchange rate margin (%)
7.04
7.04
Total cost (%)
9.009.00
Total cost (MYR)sort descendingTotal cost (USD)sort descending
137.7045.00
Total Average First Quarter
2.002.00
Total Average Fourth Quarter 2018
2.172.17
Total Average
Fee
14.004.58
Exchange Rate Margin (%)
1.091.09
Total Cost Percent (%)
2.002.00
Total Cost (MYR) Total Cost (USD)
30.6110.00
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors To Bangladesh
Least Costly Corridors From Malaysia
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