Receiving country · World Bank RPW · MY
Send money to Malaysia
Inbound average cost sits in the lower fleet tercile at 4.1% across 2 source corridors - a cheaper receive market than most RPW peers.
- 4.1%
- Avg inbound cost
- 0.7%
- Cheapest · from Singapore
- 2
- Source corridors
Inbound-cost tercile vs fleet
Malaysia posts a 4.1% average inbound cost, below the fleet lower tercile (~5.3%) - across 2 source corridors. Cheapest tracked floor: 0.7% from Singapore.
- #21 of 110
- cost corpus rank (cheapest=#1)
- 4.1%
- average inbound cost
- 0.7%
- cheapest source: Singapore
- 2
- source corridors tracked
Inbound cost bands to Malaysia
2 source corridors counted once by recorded average cost on a $200 send. The four bands sum to 2.
NEAR Near-target 3–5% lane · country average 4.1%
Cheapest Ways to Send Money to Malaysia
Low inbound cost into Malaysia
World Bank RPW tracks 2 inbound corridors into Malaysia at an average 4.12% - below the fleet lower tercile (~5.3%). That places Malaysia among cheaper receive markets on the panel, 2.3 pp under the ~6.4% global average.
The three cheapest inbound corridors to Malaysia right now are from Singapore at 0.65% via Wise, Australia at 0.80% via InstaReM. These are floor prices on a $200 transfer into Malaysia, fee plus FX margin.
For senders pointing money toward Malaysia, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About Malaysia inbound data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This country's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average inbound cost 4.12%; 2 source corridors tracked to Malaysia; vintage 2026-08-10.
Frequently Asked Questions
How much money is sent to Malaysia each year?
Malaysia has no positive WDI total_inflow in this build; RPW still quotes 2 inbound corridors at 4.12% average cost.
What is the cheapest way to receive money in Malaysia?
On World Bank RPW $200 sends, the cheapest inbound floors into Malaysia are from Singapore, Australia, as low as 0.65%. Country average inbound cost is 4.12% (lower fleet tercile).
How have remittance costs to Malaysia changed over time?
Malaysia's current average inbound cost is 4.12%, below the fleet lower tercile (~5.3%) and 2.3 pp under the ~6.4% global RPW average. RPW has tracked this receive market since 2011.
Where does Malaysia sit among remittance-receiving countries?
Among 110 tracked receiving countries on PlainRemit with World Bank RPW cost data, Malaysia ranks #21 of 110 by average inbound transfer cost (cheapest = #1). /send-to browses alphabetically; this cost ordinal is the analytical placement basis.