Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to PHILIPPINES

Data collected on: Oct 29, 2020
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.
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
7.642.50
0.04
Percentage difference between market reference rate 11.66 and exchange rate charged 11.65
0.04
1.301.30
7.932.60
EZ Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
15.004.92
-0.90
Percentage difference between market reference rate 11.66 and exchange rate charged 11.76
-0.90
1.561.56
9.523.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
0.99
Percentage difference between market reference rate 11.66 and exchange rate charged 11.54
0.99
1.811.81
11.043.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
1.981.98
12.083.96
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.62
1.07
Percentage difference between market reference rate 11.66 and exchange rate charged 11.53
1.07
2.382.38
14.524.76
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
0.99
Percentage difference between market reference rate 11.66 and exchange rate charged 11.54
0.99
2.632.63
16.045.26
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
16.005.25
0.13
Percentage difference between market reference rate 11.66 and exchange rate charged 11.64
0.13
2.752.75
16.785.50
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
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
2.802.80
17.085.60
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
13.004.26
0.99
Percentage difference between market reference rate 11.66 and exchange rate charged 11.54
0.99
3.123.12
19.036.24
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
3.313.31
20.196.62
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.28
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
3.313.31
20.196.62
CBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
3.313.31
20.196.62
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.92
1.07
Percentage difference between market reference rate 11.66 and exchange rate charged 11.53
1.07
3.533.53
21.537.06
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.92
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
3.623.62
22.087.24
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
15.004.92
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
3.623.62
22.087.24
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
15.004.92
1.33
Percentage difference between market reference rate 11.66 and exchange rate charged 11.50
1.33
3.793.79
23.127.58
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.92
1.33
Percentage difference between market reference rate 11.66 and exchange rate charged 11.50
1.33
3.793.79
23.127.58
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.004.92
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
4.134.13
25.198.26
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
12.003.93
2.70
Percentage difference between market reference rate 11.66 and exchange rate charged 11.34
2.70
4.674.67
28.499.34
maybank2U
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.28
3.39
Percentage difference between market reference rate 11.66 and exchange rate charged 11.26
3.39
5.035.03
30.6810.06
United Overseas Bank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
27.008.85
2.70
Percentage difference between market reference rate 11.66 and exchange rate charged 11.34
2.70
7.137.13
43.4914.26
Maybank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.20
3.39
Percentage difference between market reference rate 11.66 and exchange rate charged 11.26
3.39
7.497.49
45.6914.98
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.28
6.31
Percentage difference between market reference rate 11.66 and exchange rate charged 10.92
6.31
7.957.95
48.5015.90
RHB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
27.008.85
5.62
Percentage difference between market reference rate 11.66 and exchange rate charged 11.00
5.62
10.0510.05
61.3120.10
Total Average Fourth Quarter 2020
3.963.96
Total Average Third Quarter 2020
3.733.73
Total Average
Fee
13.364.38
Exchange Rate Margin (%)
1.771.77
Total Cost Percent (%)
3.963.96
Total Cost (MYR) Total Cost (USD)
24.167.92
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
EZ Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
15.004.90
-0.90
Percentage difference between market reference rate 11.66 and exchange rate charged 11.76
-0.90
0.080.08
1.220.40
Transferwise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
13.764.50
0.04
Percentage difference between market reference rate 11.66 and exchange rate charged 11.65
0.04
0.940.94
14.384.70
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
16.005.23
0.13
Percentage difference between market reference rate 11.66 and exchange rate charged 11.64
0.13
1.171.17
17.905.85
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.61
1.07
Percentage difference between market reference rate 11.66 and exchange rate charged 11.53
1.07
1.601.60
24.488.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
0.99
Percentage difference between market reference rate 11.66 and exchange rate charged 11.54
0.99
1.641.64
25.098.20
Incentive Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
0.99
Percentage difference between market reference rate 11.66 and exchange rate charged 11.54
0.99
1.641.64
25.098.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
1.811.81
27.699.05
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
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
1.811.81
27.699.05
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
13.004.25
0.99
Percentage difference between market reference rate 11.66 and exchange rate charged 11.54
0.99
1.841.84
28.159.20
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
15.004.90
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
2.142.14
32.7410.70
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.90
1.33
Percentage difference between market reference rate 11.66 and exchange rate charged 11.50
1.33
2.312.31
35.3411.55
GPL Remittance
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
Medium
15.004.90
1.33
Percentage difference between market reference rate 11.66 and exchange rate charged 11.50
1.33
2.312.31
35.3411.55
CBL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
2.332.33
35.6511.65
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
12.003.92
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
2.462.46
37.6412.30
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.92
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
2.462.46
37.6412.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.006.54
1.16
Percentage difference between market reference rate 11.66 and exchange rate charged 11.52
1.16
2.472.47
37.7912.35
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
15.004.90
1.67
Percentage difference between market reference rate 11.66 and exchange rate charged 11.46
1.67
2.652.65
40.5513.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25.008.17
1.07
Percentage difference between market reference rate 11.66 and exchange rate charged 11.53
1.07
2.712.71
41.4613.55
Al-Rajhi Bank
Firm type: Bank
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
12.003.92
2.70
Percentage difference between market reference rate 11.66 and exchange rate charged 11.34
2.70
3.493.49
53.4017.45
maybank2U
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.003.27
3.39
Percentage difference between market reference rate 11.66 and exchange rate charged 11.26
3.39
4.044.04
61.8120.20
United Overseas Bank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
27.008.82
2.70
Percentage difference between market reference rate 11.66 and exchange rate charged 11.34
2.70
4.474.47
68.3922.35
Maybank
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
25.008.17
3.39
Percentage difference between market reference rate 11.66 and exchange rate charged 11.26
3.39
5.025.02
76.8125.10
CIMB Group (Cash Laju)
Firm type: Bank
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Medium
10.003.27
6.31
Percentage difference between market reference rate 11.66 and exchange rate charged 10.92
6.31
6.966.96
106.4934.80
RHB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
27.008.82
5.62
Percentage difference between market reference rate 11.66 and exchange rate charged 11.00
5.62
7.387.38
112.9136.90
Total Average Fourth Quarter 2020
2.742.74
Total Average Third Quarter 2020
2.472.47
Total Average
Fee
14.824.84
Exchange Rate Margin (%)
1.771.77
Total Cost Percent (%)
2.742.74
Total Cost (MYR) Total Cost (USD)
41.9013.69
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash