Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to INDONESIA

Data collected on: Mar 25, 2021
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.28
1.58
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,436.43
1.58
3.223.22
19.646.44
Pos Malaysia
Firm type: Bank
Payment instrument
Access point
Post Office branch
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
1.39
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,443.18
1.39
3.023.02
18.426.04
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.28
4.85
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,322.26
4.85
6.496.49
39.5912.98
RHB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
27.008.85
7.61
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,225.81
7.61
12.0412.04
73.4424.08
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.93
1.91
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,425.00
1.91
3.873.87
23.617.74
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
16.005.25
1.19
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,450.15
1.19
3.813.81
23.247.62
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.28
2.11
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,418.00
2.11
3.753.75
22.887.50
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
3.22
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,379.00
3.22
4.864.86
29.659.72
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
11.003.61
0.19
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,485.05
0.19
1.991.99
12.143.98
KL Remit Xchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Low
10.003.28
1.93
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,424.00
1.93
3.573.57
21.787.14
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.28
3.22
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,379.00
3.22
4.864.86
29.659.72
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.28
6.71
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,257.33
6.71
8.358.35
50.9416.70
Mandiri International Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
4.21
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,344.48
4.21
5.035.03
30.6810.06
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
1.39
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,443.18
1.39
3.023.02
18.426.04
CBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.93
2.25
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,412.97
2.25
4.224.22
25.748.44
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.28
2.25
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,412.97
2.25
3.893.89
23.737.78
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
1.28
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,446.88
1.28
2.102.10
12.814.20
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
20.006.56
6.40
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,267.97
6.40
9.689.68
59.0519.36
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
25.008.20
4.85
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,322.26
4.85
8.958.95
54.6017.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.001.64
0.73
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,465.95
0.73
1.551.55
9.463.10
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
20.006.56
6.40
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,267.97
6.40
9.689.68
59.0519.36
Maybank Money Express
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Agent
Medium
10.003.28
4.85
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,322.26
4.85
6.496.49
39.5912.98
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
6.712.20
0.32
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,480.43
0.32
1.421.42
8.662.84
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.28
1.91
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,425.00
1.91
3.553.55
21.667.10
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
1.91
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,425.00
1.91
3.553.55
21.667.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
1.41
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,442.26
1.41
2.232.23
13.604.46
EZ Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
18.005.90
0.62
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,470.00
0.62
3.573.57
21.787.14
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
2.49
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,404.64
2.49
4.134.13
25.198.26
Total Average First Quarter
4.754.75
Total Average Fourth Quarter 2020
6.266.26
Total Average
Fee
11.703.84
Exchange Rate Margin (%)
2.832.83
Total Cost Percent (%)
4.754.75
Total Cost (MYR) Total Cost (USD)
28.959.49
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
11.003.59
0.19
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,485.05
0.19
0.910.91
13.924.55
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
11.103.63
0.32
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,480.43
0.32
1.041.04
15.915.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.003.27
0.73
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,465.95
0.73
1.391.39
21.276.95
EZ Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
18.005.88
0.62
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,470.00
0.62
1.791.79
27.398.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
1.28
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,446.88
1.28
1.931.93
29.539.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.39
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,443.18
1.39
2.042.04
31.2110.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.41
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,442.26
1.41
2.072.07
31.6710.35
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.27
1.58
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,436.43
1.58
2.232.23
34.1211.15
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
16.005.23
1.19
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,450.15
1.19
2.232.23
34.1211.15
Pos Malaysia
Firm type: Bank
Payment instrument
Access point
Post Office branch
Sending network coverage
Medium
Receiving method
Agent
High
15.004.90
1.39
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,443.18
1.39
2.372.37
36.2611.85
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.91
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,425.00
1.91
2.562.56
39.1712.80
KL Remit Xchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Low
10.003.27
1.93
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,424.00
1.93
2.592.59
39.6312.95
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
1.91
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,425.00
1.91
2.692.69
41.1613.45
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.27
2.11
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,418.00
2.11
2.762.76
42.2313.80
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
15.004.90
1.91
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,425.00
1.91
2.892.89
44.2214.45
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.27
2.25
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,412.97
2.25
2.902.90
44.3714.50
CBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.92
2.25
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,412.97
2.25
3.033.03
46.3615.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
2.49
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,404.64
2.49
3.143.14
48.0415.70
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
3.22
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,379.00
3.22
3.883.88
59.3619.40
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.27
3.22
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,379.00
3.22
3.883.88
59.3619.40
Mandiri International Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.63
4.21
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,344.48
4.21
4.544.54
69.4622.70
Maybank Money Express
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Agent
Medium
10.003.27
4.85
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,322.26
4.85
5.505.50
84.1527.50
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.27
4.85
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,322.26
4.85
5.505.50
84.1527.50
Maybank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
25.008.17
4.85
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,322.26
4.85
6.486.48
99.1432.40
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.27
6.71
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,257.33
6.71
7.367.36
112.6136.80
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
20.006.54
6.40
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,267.97
6.40
7.717.71
117.9638.55
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.17
6.40
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,267.97
6.40
8.048.04
123.0140.20
RHB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
27.008.82
7.61
Percentage difference between market reference rate 3,491.55 and exchange rate charged 3,225.81
7.61
9.389.38
143.5146.90
Total Average First Quarter
3.673.67
Total Average Fourth Quarter 2020
5.155.15
Total Average
Fee
12.934.23
Exchange Rate Margin (%)
2.832.83
Total Cost Percent (%)
3.673.67
Total Cost (MYR) Total Cost (USD)
56.1918.36
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet Own/partner bank account