Best ways to send money from Malaysia
We've compared the cheapest, fastest and safest ways to send money from Malaysia to the UK. Take a look at our comparison table and our detailed review below.
Comparing 6 providers for your transfer of RM5000 MYR to GBP
Wise cost breakdown
Wise's transfer fee is RM34.20 and their exchange rate is 0.1828. Wise uses the mid-market rate, so that means no additional fees.
The total cost of this transaction is: the transfer fee of RM34.20 + exchange rate fee RM0.00 (Wise uses the mid-market rate) = RM34.20.
This makes Wise the cheapest provider in the table to send RM5,000.00 to GBP.
Read Wise review- Amount you send (fees included)RM5,000.00
- Transfer feeRM34.20
- Wise exchange rate0.1828
- Equal to the mid-market rate 0.1828
- Fee within the exchange rateRM0.00
- Total costRM34.20
- Amount received£907.58
Maybank cost breakdown
Maybank's transfer fee is RM10.00 and their exchange rate is 0.1798. That rate is lower than the mid-market rate of 0.1828, which will cost you RM82.25.
The total cost of this transaction is: the transfer fee of RM10.00 + the exchange rate fee RM82.25 = RM92.25
This makes Maybank the second cheapest provider in the table to send RM5,000.00 to GBP.
- Amount you send (fees included)RM5,000.00
- Transfer feeRM10.00
- Maybank exchange rate0.1798
- 1.62% lower than the mid-market rate 0.1828
- Fee within the exchange rateRM82.25
- Total costRM92.25
- Amount received£897.24
Public Bank Berhad cost breakdown
Public Bank Berhad's transfer fee is RM32.00 and their exchange rate is 0.1795. That rate is lower than the mid-market rate of 0.1828, which will cost you RM90.48.
The total cost of this transaction is: the transfer fee of RM32.00 + the exchange rate fee RM90.48 = RM122.48
This makes Public Bank Berhad the third cheapest provider in the table to send RM5,000.00 to GBP.
- Amount you send (fees included)RM5,000.00
- Transfer feeRM32.00
- Public Bank Berhad exchange rate0.1795
- 1.79% lower than the mid-market rate 0.1828
- Fee within the exchange rateRM90.48
- Total costRM122.48
- Amount received£891.84
CIMB cost breakdown
CIMB's transfer fee is RM10.00 and their exchange rate is 0.1786. That rate is lower than the mid-market rate of 0.1828, which will cost you RM116.77.
The total cost of this transaction is: the transfer fee of RM10.00 + the exchange rate fee RM116.77 = RM126.77
This makes CIMB the fourth cheapest provider in the table to send RM5,000.00 to GBP.
- Amount you send (fees included)RM5,000.00
- Transfer feeRM10.00
- CIMB exchange rate0.1786
- 2.28% lower than the mid-market rate 0.1828
- Fee within the exchange rateRM116.77
- Total costRM126.77
- Amount received£891.19
WorldRemit cost breakdown
WorldRemit's transfer fee is RM5.00 and their exchange rate is 0.1782. That rate is lower than the mid-market rate of 0.1828, which will cost you RM128.11.
The total cost of this transaction is: the transfer fee of RM5.00 + the exchange rate fee RM128.11 = RM133.11
This makes WorldRemit the fifth cheapest provider in the table to send RM5,000.00 to GBP.
- Amount you send (fees included)RM5,000.00
- Transfer feeRM5.00
- WorldRemit exchange rate0.1782
- 2.5% lower than the mid-market rate 0.1828
- Fee within the exchange rateRM128.11
- Total costRM133.11
- Amount received£890.98
HSBC Malaysia cost breakdown
HSBC Malaysia's transfer fee is RM31.00 and their exchange rate is 0.179. That rate is lower than the mid-market rate of 0.1828, which will cost you RM105.88.
The total cost of this transaction is: the transfer fee of RM31.00 + the exchange rate fee RM105.88 = RM136.88
This makes HSBC Malaysia the sixth cheapest provider in the table to send RM5,000.00 to GBP.
- Amount you send (fees included)RM5,000.00
- Transfer feeRM31.00
- HSBC Malaysia exchange rate0.179
- 2.06% lower than the mid-market rate 0.1828
- Fee within the exchange rateRM105.88
- Total costRM136.88
- Amount received£889.33
How we found the best ways to send money
Our database includes 27 secure providers. For your specific transfer of RM5000 from MYR to GBP, we found 6 providers that support this route and for the amount you want to send. We sort these by the cheapest total cost, displaying the freshest data available, whether via direct feed or manual collection. This process is never influenced by referral fees, ensuring you get a fair and transparent comparison every time. Learn more
Quick Verdict: The best ways to send money from Malaysia to the UK
| Category | Winner | Key Stats |
|---|---|---|
| 💰Cheapest Cost | Wise | Total Fees: £34.2 |
| 📈Best Exchange Rate | Wise | Rate: 0.1828 |
| ⚡Fastest Transfer | Wise | Time: Instant-2 Days |
| ⭐Customer Favourite | Wise | TrustScore: 4.3/5 |
You can transfer money from Malaysia with a bank, or you can choose a specialist transfer provider. Often, these providers offer a faster, more efficient, and cheaper way to send money from Malaysia to the UK.
How to send money from Malaysia: Step-by-Step
The good news is that sending money from Malaysia is easier than ever. Plus you can usually do everything with your phone or laptop - with no need to stand in line at a bank or money changer’s office. Here’s how to send money from Malaysia in 5 simple steps:
- Choose a Money Transfer Service
- Enter the amount of money you want to transfer into our comparison tool
- Compare rates, fees, and delivery speed. You’ll see a range of options from reliable providers, so you can compare and pick the best for your specific transfer
- Consider user reviews and security features
- Register with your chosen provider
- Register with your chosen provider (e.g Wise, Maybank, Public Bank Berhad)
- Verify your ID if required
- Enter Recipient Details
- Add the recipient’s full name and bank details or email, depending on the method
- Add the recipient’s full name and bank details or email, depending on the method
- Select Amount and Currency
- Choose how much to send and the currency (e.g. MYR to GBP)
- Review exchange rates and fees upfront
- Pay for Your Transfer
- Choose from options like bank debit, credit card, apple/google pay or bank transfer (depending on what's available from the provider)
- Get confirmation and a tracking link if available
- Notify your recipient if needed
You can send money to the UK from Malaysia using your bank, a specialist money transfer service, an e-wallet, or by visiting a physical money remittance store. Each option has different pros and cons, so the best for you will depend on your specific transfer and personal requirements.
The cheapest way to transfer money from Malaysia
Of the 6 providers we found for sending money from Malaysia to the UK, here is how the top 5 stack up based on cost.
| Provider | Total Cost | Exchange Rate |
|---|---|---|
| Wise (Cheapest Option) | £34.2 | 0.1828 MYR to GBP |
| Maybank (Runner Up) | £92.25 | 0.1798 MYR to GBP |
| Public Bank Berhad (Alternative) | £122.48 | 0.1795 MYR to GBP |
| CIMB (Alternative) | £126.77 | 0.1786 MYR to GBP |
| WorldRemit (Alternative) | £133.11 | 0.1782 MYR to GBP |
Why this matters
- The Savings: Choosing Wise saves you 102.68 MYR compared to HSBC Malaysia, which is the most expensive of the providers we reviewed.
- The "Hidden" Cost: Always check the Exchange Rate + Upfront Fee. Some providers claim "zero fees" but hide costs in the rate.
- The Interbank Rate: The current true market rate is 0.18277.
If the real rate is 0.18277, a bank might offer you a rate of roughly 0.18825, keeping the difference for themselves.
Finding alternative ways to transfer money from Malaysia shouldn't be hard. Review our full list of cheap ways to transfer money from Malaysia to help you with your search.
The fastest way to transfer money from Malaysia
Of the 6 providers we found for sending money from Malaysia to the UK, here is how the top 5 stack up based on speed.
| Provider | Estimated Time |
|---|---|
| Wise (Fastest Option) | Instant-2 Days |
| WorldRemit (Runner Up) | 1-2 Days |
Speed comparison: banks vs digital providers
The fastest provider for transferring money from Malaysia is currently Wise, taking roughly Instant-2 Days.
- Banks (usually slower): Most banks use the SWIFT network. This system passes your money through several intermediaries—like taking a flight with 3 layovers. It typically takes 3-5 working days.
- Transfer Specialists (usually faster): Companies like Wise often have their own local bank accounts in both countries. They don't "send" the money across borders; they pay out from their local reserves instantly.
If speed is your priority, avoiding traditional banks is usually the best strategy.
The best rated provider to transfer money from Malaysia
Of the 6 providers we found for transferring money from Malaysia, here is how the top 5 stack up based on user reviews from Trustpilot.
| Provider | TrustScore | Volume |
|---|---|---|
| Wise (Best Rated) | 4.3 / 5 (Excellent) | 279118 reviews |
| WorldRemit (Runner Up) | 3.8 / 5 (Great) | 93022 reviews |
| CIMB (Alternative) | 3 / 5 (Average) | 4 reviews |
| Public Bank Berhad (Alternative) | 2.9 / 5 (Average) | 2 reviews |
| Maybank (Alternative) | 1.8 / 5 (Poor) | 87 reviews |
How to read these reviews
When choosing a provider, don't just look at the score out of 5. You should also consider the Review Volume.
A provider like Wise with a score of 4.3 and 279118 reviews is generally safer than a newer company with a perfect 5.0 rating but only 10 reviews.
Exchange rate trend between MYR/GBP
As with many currencies, the MYR/GBP exchange rate moves over time, due to changes in supply and demand. Exchange rate fluctuations can be caused by underlying shifts in how well the economy in Malaysia or the UK is doing, changes in political stability, or even simple speculation, where traders buy or sell currencies based on how they think trends are going to change.
Right now, RM1 buys £0.18277
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Conclusion
When it comes to choosing the best provider for sending money from Malaysia to the UK, it really depends on what your needs are.
The cheapest provider shown in our comparison table is Wise. If the transfer time is what you're interested in, then Wise is also the fastest way to transfer money to the UK. Wise can get your money to your recipient in the UK in Instant-2 Days.
If safety is what interests you the most when it comes to picking the best international money transfer provider from Malaysia, then all the providers we listed above are regulated by different financial institutions and should be safe to send money from Malaysia with.
FAQs: sending money from Malaysia
The details you'll need to send money internationally from Malaysia to the UK may vary by provider, and based on the value of the transfer. At a minimum, whenever you make an international bank transfer you will typically be asked for:
- Sort code
- Account number
You can't send money to the UK from Malaysia for free. International transfers cost providers money to arrange, so there's always a fee somewhere to make sure that the business covers its costs and generates profit. However, many providers choose to make the fees you pay trickier to spot by adding them into the exchange rates used for transfers.
There is no official best time to send money from Malaysia to the UK and that depends on a variety of factors such as when you need to send money or when you want the funds to be received. It’s also going to depend on a variety of other factors such as, the time when you send money or the fees you are offered by providers or banks.
When you’re sending a high value payment it’s especially important to do your research and find a provider which is safe and which offers low fees and great exchange rates. It’s also well worth comparing some providers based on transfer times, as the delivery time can also vary pretty widely.
Some international money transfer services offer discounts for high value transfers, either through lower fees or a better exchange rate. Use the Exiap cost comparison calculator to make sure you’re getting the very best deal available for your specific transfer.
While sending a high value payment works very similarly to sending any other transfer overseas, the provider may require additional information to verify the payment. You might be asked to prove the source of the funds, for example, to comply with local and international financial services legislation. If you’re sending a large amount of money you’ll also need to make sure the provider you’ve picked can support the amount, as maximum payment limits may apply.
To send money to the UK using one of the international money transfer providers in our tables, the fees range from 34.2 MYR with Wise to 136.88 MYR with HSBC Malaysia (but the fee could be even higher with a bank). The exact cost depends a lot on where you’re sending money, how much you’re sending, how you want to pay, and how you want the payment to be received.
Typically sending money directly to a recipient’s bank account using a specialist service can be done with fairly low costs, while traditional bank transfer fees can be higher. Paying for your transfer with either a credit card or cash can often mean the fees crank up, too.
When you’re sending money internationally, don’t forget that the overall fee you pay can include the transfer fee, an extra charge wrapped up in the exchange rate used, and third party charges like a cash advance fee from your credit card issuer.
There is no legal limit on how much money can be sent to or from Malaysia to the UK, although banks and other payment providers may impose their own limits.
Money transfer limits can vary quite widely between providers, and may also change depending on how you want to fund your transfer. You could find different limits in place when you pay by card compared to paying using a bank transfer, for example.




