Send Money to Malaysia from Indonesia: Best and Cheapest Way

Thanks to technological advancements, everything is increasingly borderless now. It is also true with financial activities, including international money transfers. For example, sending money to Malaysia from Indonesia is getting securely easier, faster, and more affordable. 

You may have family members or relatives who work, study, or even live in Malaysia. Or else, Malaysia is your home country? What do you usually do when you want to send them money?

The question is, what are the best and cheapest ways to send money from Indonesia to Malaysia?

People Also Read: How To Easily Send Money To Thailand From Indonesia

3+ Best Ways to Send Money from Indonesia to Malaysia

Photo by CXO Media

The following are some of the most common ways you have probably used or often used. By and large, you can choose transfers via banks or applications. 

#1 – Bank to Bank Transfer

Most banks provide services of interbank money sending, including international transfers. All you need to do is come to the bank as the sending bank. The process is fairly easy; you have to fill in some data on the so-called overseas remittance form. Complete the data correctly. 

Of course, you need to ask and agree upon the transfer fee that will charge you, depending on the destination country you want to send the money to. 

#2 – Transfer via ATM

In addition to coming to the bank or sending money via the bank tellers, you can make interbank overseas transfers through your ATM facilities. For this purpose, you need to know about the so-called bank swift code. You can look it up on the Internet or the bank you use. 

#3 – Western Union

Western Union is more likely one of the well-known companies or agents for people to send money from and to Indonesia. All you have to do is come to one of the Western Union offices or agents and don't forget to bring a valid ID card (KTP/SIM/Passport). 

Similar to bank-to-bank money transfer transactions, you must fulfill some requirements to complete the submission form. 

#4 – Application 

In addition to official bank applications for mobile or internet banking services, you can also use other popularly trusted applications to send money abroad, such as PayPal, Flip Globe, and the like. Once again, the transaction process and transfer fees depend highly on each recipient country.

Among the above ways, what do you think is the best way to send money to Malaysia?

The Cheapest Way to Send Money to Malaysia from Indonesia

As mentioned earlier, you can also turn to applications for international money transfers. One of the best, not to mention the cheapest options out there, is Flip Globe by Flip.

Launched in 2021, Flip Globe is an international transfer service that individuals can use by using the Flip application. To date, 

Why choose Flip Globe?

To date, this service has served overseas money transfers in more than 55 countries around the globe. You can send money to various countries on different continents, including Asia, Europe, America, and Africa. Of course, Malaysia is one of them.

Why is it the cheapest way to send money to Malaysia?

First and foremost, Flip Globe has no hidden fees for inter-nation money transfer transactions. In other words, you won’t be charged with, for example, provision fees, telex fees, or bank correspondence fees. 

Moreover, Flip Globe offers the best exchange and selling compared to other banks. Please note that you must convert your Indonesian Rupiah to the destination country's currency for all overseas transactions. Accordingly, if you want to send money to Malaysia, you must convert it to Malaysian Ringgit first. 

How much does it cost to send money to Malaysia, and how long is the transfer process time?

When you wish to send money to Malaysia using Flip Globe, you only have to pay IDR45,000 as the transfer fee. 

Offering a same-day transfer process won’t take long for the destination account to receive the money. For information, the transfer time limit is at noon Western Indonesian Time.

Being a neighbor, you don’t have to wait long to send money to Malaysia from Indonesia. If you want a more efficient yet less costly and more secure way, try Flip Globe. No hidden fees are applied; it is indeed one of the best alternatives you can opt for.