Send Money to Malaysia with the Real Exchange Rates

Do you need to make a

Bank Transfer to Malaysia in Malaysian Ringgit?

TransferMate makes transferring money to Malaysia quick and easy! Get the best rate on Malaysian Ringgit and avoid international transfer fees. TransferMate convert your funds into Malaysian Ringgit at the best rate, without transfer fees and with no hidden charges or commission.

Over 15,000 companies use TransferMate each month and our team of trade experts can make business payments in Malaysian Ringgit within 24 hours in most cases.

Make a Local Payment Simply make a local payment to any one of TransferMate's 200+ bank accounts by wire transfer or ACH.
Competitive exchange Rate TransferMate will convert your currency to USD at a very competitive exchange rate, with minimal fees. In fact, we don't charge any fees on transfers over $5000!
Beneficiary receives Funds Funds arrive in your beneficiary's account within 2-3 working days.

What information do I need to make a bank Transfer to Malaysia?

To transfer money to Malaysia bank account, you will need to provide the following beneficiary details:

BENEFICIARY'S BIC/SWIFT CODE
BENEFICIARY'S FULL NAME
BENEFICIARY'S BANK NAME
BENEFICIARY'S IBAN/ACCOUNT NUMBER
Beneficiary's Address

Your beneficiary in Malaysia or your bank will be able to provide these details to you.

FREQUENTLY ASKED QUESTIONS

General

Why is this solution better than using my bank?

Free to sign up and compare with your bank
Savings: Lower Transfer Fees and Better Exchange Rates than using your bank
Faster International Payments
Global ACH
Complete Transparency
24/7 Online Access
Online Payment tracking and automated payee notification
Automated system for verifying payee bank account details

How do I sign up and how long does it take?

Simply and register in just 2 minutes. Once you have completed this form you will receive a quick form to sign and return by scan/fax to funds@transfermate.com

Our team may request further documents to identify your business however one of our team can advise at a later stage.

Are there any fees?

There are no transfer fees over 5,000 for registered businesses.
A fee of €10 is applied to all transactions initiated by individuals.
For transfers under 5,000 there may be a small fee which is typically less than those charged by a bank.

How secure is the site?

Our site uses Secure Socket Layer (SSL), 256-bit encryption to protect your transaction details. 256-bit encryption is the latest and strongest data encryption techniques commercially available for securing information among you, our client and our website.

SSL works by encrypting/scrambling data from our website to your computer. The data is encrypted on our web server and can only be decrypted/unscrambled by the person with the correct decrypt/unscramble key.

You can verify our sites use of SSL in two places, by the user of "s" in https in the address bar of the site and by the padlock in your status bar at the bottom of your web browser.

Why do I have to deposit funds into a client account?

We require cleared funds to be received into our bank account before we can process your money transfer. Please note this account has been designated a client account with our bankers, meaning it can only hold client money. Please see the Account Details tab for the relevant account specific to your transfer destination.

Can I send you multiple transfers in one payment?

Yes, this is called a batch payment and is popular for any company needing to make multiple foreign currency payments. You simply send us a list of the payments you need to make. Our currency desk will contact you and tell you what the total will be in your local currency. You then send us just one payment and we handle the multiple payments for you.

How long does a transfer take?

Once your funds have cleared in our Client account, the converted funds will be credited to your nominated overseas account in no longer than 2 working days.

Please remember that transfers must be uploaded by 12pm to be processed on the same day!
In most cases we endeavour to transfer funds to your beneficiary from their local currency which speeds up the payment.

Can I track my payments?

Yes, using our online system you can view a history of all payments booked and a live status of every payment.

How can we ensure quick delivery of funds to your beneficiary?

As a member of the global SWIFT network TransferMate delivers these funds directly through SWIFT. This also means we can monitor and track your funds at all times.

What currencies can our team handle?

Our team are able to process payments in all major and exotic currencies traded globally, except for restricted currencies.

What happens, if I decide to cancel my transaction?

In the event that you are unable to fully settle your payment order at the rate you have booked, we will close out the payment order at its then prevailing market rates and any loss or costs incurred by us will be met in full by you in accordance with the firms Terms and Conditions. In cases of non co-operation the firm retains the right to invoke a late settlement penalty as set out in the terms and conditions.

How do I make a complaint?

Interpay Ltd trading as Transfermate, endeavours to meet the highest customer service standard. If you feel that we have not achieved this goal we have set up a complaints handling process at the following page: Complaints Process

Had a different query in mind? Send it on.

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What customers say about TransferMate

Clive Knauf

For me there are 3 important things when it comes to transferring my funds between countries.
1. My funds are secure,
2. The transfer occurs quickly,
3. That the exchange rate is fair.
Transfermate ticks all three boxes, and with it being an online system I can do it whenever and wherever I want. So far I've used the service 12 times over 15 months, and it works for me.
Gillian Conway

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On time, right amount, no extra or hidden charges. I will be using from now on for all my money transfers.
Michelle O'Neill

Our accountant recommended TransferMate to us over a year ago and I have to say that they have made a real difference to our company. Overall, we have made substantial savings and we would have no hesitation in recommending TransferMate.
Kerry Bowden

It is so easy to make payments and the savings to our company have been considerable. It always frustrated me to pay so much in bank fees for international transfers but now with Transfermate the flat fee means more money in our coffers.
Mark, PLW, UK

Apart from the obvious monetary saving of using Transfermate, their Quickbooks app offers simplicity - even for those not so versed in accounting (like me). Everything regarding the transaction is entered for you, making reconciling a breeze. I highly recommend TransferMate!

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Send Money to Malaysia

Transfer Money to Malaysia in Malaysian Ringgit

Better exchange rates, lower transfer fees, faster and secure