International Money Transfer | Send Money Abroad with Wise (ex-TransferWise) (2024)

4.3/5 from 233,224 reviews

Join over 10 million people who choose Wise for fast and secure online money transfers. Send money abroad to 70+ countries, fast. Free from hidden fees and exchange rate markups

Regulated by Central Bank of Malaysia

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Trusted by 10 million customers

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You send exactly

0 MYR
12.80 MYROur fee
–
12.80 MYRTotal fees
=
987.20 MYRTotal amount we’ll convert
×
0.2337

Recipient gets

Should arrive in 11 hours

Get started

Save on exchange rate markups

The cost of your transfer comes from the fee and the exchange rate. Many high street banks offer “no fee”, while hiding a markup in the exchange rate, making you pay more.

At Wise, we’ll never do that. We only use the mid-market exchange rate, and show our fees upfront. This table compares the fees you’d really pay when sending money with the most popular banks and providers, or with us.

How do we select providers and collect this data?

Sending 1,000 MYR with	Recipient gets(Total after fees)
	230.67 USD
Transfer fee 12.80 MYR Exchange rate(1 MYR USD) 0.233659 Exchange rate markup 0 MYR Cost of transfer 12.80 MYR

	227.02 USD- 3.65 USD
Transfer fee 10 MYR Exchange rate(1 MYR USD) 0.229309 Exchange rate markup 18.62 MYR Cost of transfer 28.62 MYR

	198.35 USD- 32.32 USD
Transfer fee 138.42 MYR Exchange rate(1 MYR USD) 0.230217 Exchange rate markup 14.73 MYR Cost of transfer 153.15 MYR

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International Money Transfer | Send Money Abroad with Wise (ex-TransferWise) (7)

Send money abroad from Malaysia in 3 easy steps

Enter amount to send in MYR.

Pay in MYR with your debit card or credit card, or send the money from your online banking.

Choose recipient.

Select who you want to send money to and which pay-out method to use.

Send MYR, receive USD.

The recipient gets money in USD directly from Wise’s local bank account.

Create free account now

International Money Transfer | Send Money Abroad with Wise (ex-TransferWise) (11)

Get dedicated support for large transfers

Moving big money? Get our how to guide and start a chat with our team of large-amount experts.

Get started with large transfers

How to send money abroad from Malaysia

Just tap in how much, and where to.
Then make a local payment to Wise, whether it's with a bank transfer, Swift or your debit or credit card.
And that's it.

Wise converts your money at the 'inter-bank' rate – the real rate – so you save big time (even versus the guys saying there's 'zero' commission). On Wise, there's no room for sneaky bank surcharges or creeping hidden charges.

How much does it cost to send money abroad?

Pay a small, flat fee and percentage

To send money in MYR to USD, you pay a small, flat fee of 7.17 MYR + 0.57% of the amount that's converted (you'll always see the total cost upfront). See our transfer calculator.

Fee depends on your chosen transfer type

Some transfer types have different fees which are usually tiny.

No hidden fees

No big fees, hidden or otherwise. So it's cheaper than what you're used to.

Fees for our low cost transfers

Fixed fee

7.17 MYR

Variable feeup to 113,032.40 MYR/month

0.57%

Variable feemore than 113,032.40 MYR/month

Discount applies

How long will a money transfer take?

On many popular routes, Wise can send your money within one day, as a same day transfer, or even an instant money transfer.

Sometimes, different payment methods or routine checks may affect the transfer delivery time. We’ll always keep you updated, and you can track each step in your account.

Your transfer route

MYR

USD

Should arrive

in 11 hours

How to send money with Wise

Register for free.

Choose an amount to send.

Tell us how much you want to send. We’ll show you our fees upfront, and tell you when your money should arrive.

Add recipient’s bank details.

Fill in the details of your recipient’s bank account.

Verify your identity.

For some currencies, or for large transfers, we need a photo of your ID. This helps us keep your money safe.

Pay for your transfer.

Send your money with a bank transfer, or a debit or credit card.

That’s it.

We’ll handle the rest. You can track your transfer in your account, and we'll tell your recipient it's coming.

Best ways to send money internationally

Bank Transfer
Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.
Read more how to use bank transfers as a payment option.

Protecting you and your money

Safeguarded with leading banks

We hold your money with established financial institutions, so it's separate from our own accounts and in our normal course of business not accessible to our partners. Read more here.

Extra-secure transactions

We use 2-factor authentication to protect your account and transactions. That means you — and only you — can get to your money.

Data protection

We’re committed to keeping your personal data safe, and we’re transparent in how we collect, process, and store it.

Dedicated anti-fraud team

We work round the clock to keep your account and money protected from even the most sophisticated fraud.

Online scams are on the rise. Learn how to stay safe.

International Money Transfer | Send Money Abroad with Wise (ex-TransferWise) (17)

Send money abroad with the Wise app

Looking for an app to send money abroad? Send money, receive payments from abroad, check exchange rates – all in one app.

Cheaper transfers abroad - free from hidden fees and exchange rate markups.
Check exchange rates - see on the app how exchange rates have changed over time.
Repeat your previous transfers - save the details, and make your monthly payments easier.

Learn more about the Wise app