For inward international fund transfer to the malaysia swift code is also needed on top of recipient name bank name and account number. Normally it takes take approximately between 1 to 3 days for the fund to be credited to recipient s account.
Send money from your bank account to another bank account in malaysia using these steps.
How to transfer money from us bank to malaysia bank. So it s cheaper than what you re used to. 2 then simply enter the amount you want to transfer the accounts you want to transfer from and to and select the make recurring link. No big fees hidden or otherwise.
Find the wire transfer section from the website of your financial institution check any transfer limits there might be. To send money in usd to malaysia you pay a small flat fee of 6 2 usd 0 58 of the amount that s converted you ll always see the total cost upfront. 1 from the transfer money page select the external account transfers tab.
To send us dollars to a bank account in malaysian ringgits in malaysia instarem is currently the cheapest provider with zero transfer fees and a good usd myr exchange rate currently at 1 usd 4 0575 myr. Similar to local bank transfer there is no local bank codes needed. Monito compares 7 different money transfer providers available for sending money to malaysia from the united states.
Some payment methods have an added fee but that s usually tiny too.