Do you have relatives or family living in Malaysia and need to transfer money to Malaysia? Luckily, transferring money to Malaysia is now hassle-free, thanks to the variety of methods and services available. From Rupiah to Ringgit, the process is as simple as making a domestic transfer.
Before initiating a transfer to Malaysia, one crucial thing you need to know is the SWIFT code for Malaysian bank. Why is this important? Because this code serves as the “address” for your international transfer. Major Malaysian banks like Maybank, Public Bank, and RHB Bank each have unique SWIFT codes.
Also read: 15 Options on What Business to Open in Malaysia with Low Cost
Check the SWIFT Code for Transfers to Malaysia
The SWIFT code (Society for Worldwide Interbank Financial Telecommunication) acts as a “postal code” in the world of international banking, ensuring your money reaches the correct bank. This 8-11 character code serves as a unique identifier for banks globally.
Without this code, your transfer to Malaysia could face delays or even fail. Each Malaysian bank has its own SWIFT code, such as MBBEMYKL for Maybank—where “MBBE” identifies the bank, “MY” stands for Malaysia, and “KL” refers to Kuala Lumpur.
Finding the SWIFT code of your target bank is easy using the SWIFT/BIC Checker on the Transfez website. Simply select the country and bank name to retrieve the SWIFT code. Alternatively, you can search for the SWIFT code on search engines like Google, Bing, or Yahoo. For greater certainty, check the bank’s official website or contact their customer service directly.
Services for Sending Money to Malaysia
Here are some services you can use to transfer money to Malaysia.
1. Wise
This digital platform offers transfer fees starting from IDR 57,000, with delivery times ranging from instant to two business days. Wise is known for competitive exchange rates and transparent processes, ideal for small to medium-sized transfers.
2. Western Union
One of the oldest money transfer services with an extensive network of agents across Indonesia. The process is straightforward: visit a nearby Western Union agent with a valid ID, such as a national ID card, driver’s license, or passport. Transfers can be completed in minutes, though fees tend to be higher.
3. Banks
A traditional method still favored by many for international transfers. Start by filling out a remittance form at the sending bank and providing accurate details. Be sure to ask about administration fees, as each bank has different policies for transfers to Malaysia.
Why Choose Transfez to Transfer Money to Malaysia?
Why use Transfez for transferring money to Malaysia? Aside from its low fees, this service allows you to send money to over 70 countries and in 33 currencies with the best exchange rates. Your transactions are also secure, as Transfez is officially registered and monitored by Bank Indonesia.
Steps to Transfer Money to Malaysia with Transfez:
1. Download and register an account on the Transfez app.
2. Enter the amount you want to send.
3. Verify your identity.
4. Provide recipient details for the transfer.
5. Make the payment.
6. Transaction complete.
Check Out Other Money Transfer Destinations with Transfez
Transfer Money to China
Transfer Money to Taiwan
Transfer Money to Thailand
Transfer Money to Philippines
Transfer Money to India
Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Transfez Business can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
With Transfez, there’s no need to worry about transfer costs and time! You only pay a flat fee of IDR 45,000 per transaction, regardless of the transfer amount. No hidden fees. Transfers are also super fast, with your money arriving within 1 hour on business days. So what are you waiting for? Download the Transfez app today and enjoy the convenience of transferring money to Malaysia without the hassle of excessive fees or delays.
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