Here you’ll find answers to the most common questions about Malaysian ringgit (MYR) transfers.
Sending to MYR
Who can I send MYR to?
You can send MYR to individual and business bank accounts in Malaysia.
What information do I need about my recipient?
You’ll need their full name, bank name, and bank account number. This should be 7–20 digits long.
How much can I send?
You can send up to 975,000 MYR per transfer. We may ask for more documents if you send more than 200,000 MYR.
How long does it usually take for the money to arrive?
Once we receive and convert your money, it usually takes 2 working days to arrive in your recipient’s bank account. Conversion can take up to 2 working days.
We’ll always give you an estimate for how long your transfer will take when you set it up.
Learn more about how long transfers take
Are there any restrictions on sending to MYR?
If your recipient has a non-resident local bank account in Malaysia, they can only receive a maximum of 10,000 MYR per day. Their bank might close the account if they try to receive more than this.
Sending from MYR
How can I pay for my transfer from MYR?
You can pay by bank transfer or FPX from Malaysia.
How much can I send?
Malaysians and Expatriates are allowed to send 30,000 MYR per day.
If you are a foreign worker, you can send up to 5,000 MYR per month.
Where can I send from?
You can only send MYR from banks within Malaysia. You can’t send MYR by SWIFT.
How long does it usually take for the money to arrive?
It usually takes 0–2 working days for your money to get to us, depending on how you pay for your transfer. Then, we convert it and send it out. Conversion can take up to 2 working days.
Check the guide for the currency you’re sending to for an estimate on how long it will take to arrive in your recipient’s account after we send it out.
Are there any restrictions on sending from MYR?
You can’t send MYR from a business account.
You can send up to 30 recipients in a quarter of a calendar year.
Foreign workers can only send up to 5,000 MYR to 5 recipients in their home country per month.
I’ve cancelled my payment, how long will my refund take?
We’ll let you know when we’ve refunded your money. The time it takes for you to get your refund depends on how you paid,
FPX/bank transfers take 2 working days
If you paid by FPX or bank transfer, we’ll need more information before sending your refund. We’ll send you an email about this.
Make sure to wait until the above time frame has passed before getting in touch about a refund — we’re not able to speed up the process.