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Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours
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How to send money to Malaysia
Gather the relevant banking information including the name on the recipient’s bank account, the account number and the SWIFT/BIC code.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Choose ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money to Malaysia using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
What currency is used in Kuala Lumpur, Malaysia?
The primary currency in Malaysia is the Malaysian Ringgit. Ringgit is the much preferred currency, but you may occasionally be able to pay for some items in hotels in foreign currencies such as US or Aussie dollars. Be aware that hotel exchange rates are often poor. You will need ringgit in all rural areas and when dealing with local shop owners. Many travel forums on Kuala Lumpur suggest that converting currency at Malaysian airports may give you poor exchange rates.
Malaysia Money Transfers – FAQs
Is there any limit on how much money I can send to Malaysia?
No. OFX can transfer any amount over $250.
Can I send money from an Malaysian bank account to Australia?
Unfortunately, we cannot send ringgit from Malaysia to Australia. However, if your Malaysian account is in another currency such as USD or AUD, we can help.
Does OFX transfer money to all Malaysian banks?
OFX can transfer funds to most banks in Malaysia, including, but not limited to:
Hong Leong Bank
Bank of America Malaysia