Question 1

What's the best way to send money from Hong Kong to Malaysia?

Accepted Answer

Sending money internationally to Malaysia from Hong Kong can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Hong Kong Dollar to MYR remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Malaysia. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Malaysian Ringgit.

Question 2

How to get the best rate to transfer money to Malaysia from Hong Kong?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Malaysia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Hong Kong to Malaysia transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your HKD to Malaysian Ringgit money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way for transferring money to Malaysia from Hong Kong?

Accepted Answer

Finding the cheapest way to send money from Hong Kong to Malaysia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer HKD to MYR via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Hong Kong to Malaysia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.

Question 4

How to send money from Hong Kong to Malaysia through a bank?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Hong Kong to Malaysia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the HKD to MYR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Hong Kong bank for your Malaysia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

How to send money to Malaysia from Hong Kong fast?

Accepted Answer

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Hong Kong to Malaysia. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert HKD to MYR fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Hong Kong Dollar amount reaching Malaysia. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Malaysian Ringgit quickly to Malaysia, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.

Question 6

Which are the best money transfer companies to send money to Malaysia from Hong Kong?

Accepted Answer

The first step in selecting the best money transfer operators for Hong Kong to Malaysia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Hong Kong Dollar to Malaysian Ringgit money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Malaysia.

Question 7

Step by step guide to send money to Malaysia from Hong Kong

Accepted Answer

With so many possible ways to transfer Hong Kong Dollar to Malaysian Ringgit, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Hong Kong to Malaysia remittance transaction, you can follow the below step by step procedure.

Create an account at your chosen operator.
You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
Add bank accounts for both the sender in Hong Kong and the receiver in Malaysia. Using bank deposits can be the cheapest option to send money.
Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
At this point, you are pretty much done, and the operator will take it on from here.
Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your HKD to Malaysian Ringgit money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.

1 HKD	0.51 MYR
5 HKD	2.53 MYR
10 HKD	5.07 MYR
25 HKD	12.67 MYR
50 HKD	25.34 MYR
100 HKD	50.68 MYR
150 HKD	76.02 MYR
200 HKD	101.36 MYR
250 HKD	126.70 MYR
300 HKD	152.04 MYR
400 HKD	202.72 MYR
500 HKD	253.40 MYR
600 HKD	304.08 MYR
700 HKD	354.76 MYR
800 HKD	405.44 MYR
1000 HKD	506.80 MYR
1500 HKD	760.20 MYR
2000 HKD	1,013.60 MYR
2500 HKD	1,267.00 MYR
3000 HKD	1,520.40 MYR
4000 HKD	2,027.20 MYR
5000 HKD	2,534.00 MYR
10000 HKD	5,068.00 MYR
15000 HKD	7,602.00 MYR
20000 HKD	10,136.00 MYR
30000 HKD	15,204.00 MYR
40000 HKD	20,272.00 MYR
50000 HKD	25,340.00 MYR
100000 HKD	50,680.00 MYR

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