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This guide walks through some popular money changers in Mid Valley Megamall in Kuala Lumpur. You can convert currencies and/or send remittances overseas with them.
Table of contents
- Understand the mid-market exchange rate
- How to check Mid Valley money changers’ exchange rates
- Meet Wise: a cheap, fast way to send money abroad💡
Sending money abroad? Wise is up to 4x cheaper than Malaysian banks
If you’re sending an international payment, you may want to know about Wise.
As each provider can set their own exchange rates, you’ll need to research the rates beforehand. Bear in mind that some providers offer different rates based on the amount you want to exchange, or the branch you visit.
The mid-market rate is the one which the bank or provider uses when buying and selling currencies on the global markets. However, this is not usually the rate that’s passed on to customers. Instead, it’s common to see a markup or margin - an extra fee - added to the customer rate. You may want to look for a provider with an exchange rate close to the mid-market exchange rate - and low, transparent fees - to get the best deal.
Exchange rates change all the time, so you’ll need to check out the offers available when you want to exchange currency.
You can check their exchange rates online or by calling their branches. Here are the contact details for a few of the most popular money changing options.
|Provider name||Exchange rates online||Opening hours||Phone|
|MaxMoney Mid Valley¹⁻²||Max Money: Exchange rates||10am - 10pm daily||03-2282 9500/8500|
|My Money Master Sdn. Bhd.³||My Money Master: Exchange rates||10am - 10pm||1800-22-3030|
|Jadeline Exchange Sdn. Bhd.⁴||Jadeline Exchange: Exchange rates||Not available - call store to check prior to visiting||03-2202-1002|
|KL Remit Exchange Midvalley Mega Mall⁵||KL Remit: Exchange rates (these rates are only applicable for a Bukit Bintang branch)||10 a.m - 10 p.m||03-2287-2005|
|Maybank Mid Valley Branch⁶||Maybank Malaysia: Foreign Exchange Counter Rates||9.15am - 4pm - hours may be affected by Covid 19, check with branch prior to visiting||03-2282-8969/0098|
If you need to send a payment to someone overseas, you can also find a selection of providers in Mid Valley Megamall to help you. For instance, Max Money and KL Reit offer overseas remittance service, too, at their branches.⁷⁻⁸
But if you’re sending a payment directly from your bank account to another account held abroad, you may not even need to leave your home so get started.
Wise use the mid-market exchange rate with cheap, transparent transfer fees, and is up to 4x cheaper than banks in Malaysia.
Money changers in Mid Valley can pay out in cash as well as to recipients’ bank accounts, but if you prefer making an international transfer completely online, then Wise could be your choice.
To send money with Wise,
- Register for free
- Choose an amount to send
- Add recipient’s bank details
- Verify your identity
- Pay for your transfer by bank transfer or debit/credit card
And that is it! You can track your transfer in your account and your recipient will also be notified when a transfer reaches them.
Join over 10 million customers and experience a cheaper, faster way to send money abroad.
If you’re in or around Mid Valley Megamall you have a choice of money exchange and international remittance services. Many of the specialist stores have long opening hours for customer convenience, and offer a range of services including international payments which can be disbursed in cash, and travel money exchange. However, it’s well worth shopping around to find the best available exchange rate and fee for your specific transaction, as the rates available may vary.
If you’re looking to send a remittance from your MYR bank account to a bank account in a foreign country, you may not even need to head out to the mall. With Wise, you can send money abroad online, with the real mid-market exchange rate and small, transparent transfer fees.
- Mid Valley Megamall - Max Money
- MaxMoney - Get In Touch With Us
- My Money Master - Contact Us
- Jadeline Exchange
- KL Remit Exchange
- Maybank - Covid-19
- KL Remit Exchange - Services
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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