Question 1

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

Accepted Answer

With the global remittance market booming, there are so many choices for Malaysian Ringgit to NGN money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Nigeria from Malaysia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final NGN amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best remit rate for transferring money from Malaysia to Nigeria?

Accepted Answer

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Nigeria from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to Nigerian Naira remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to NGN remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.

Question 3

What's the cheapest way to send money from Malaysia to Nigeria?

Accepted Answer

Finding the cheapest way to send money from Malaysia to Nigeria 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 MYR to NGN 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 Malaysia to Nigeria 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 Malaysia to Nigeria through a bank?

Accepted Answer

We do not recommend using your local bank in Malaysia for your next MYR to NGN overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Malaysia to Nigeria (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending NGN to Nigeria. These companies will let you use your local bank account in Malaysia to pay for your Nigeria money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money to Nigeria from Malaysia fast?

Accepted Answer

The speed of your Malaysian Ringgit to Nigerian Naira funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MYR to NGN. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Nigeria from Malaysia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Nigeria if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout NGN into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malaysia bank to Nigeria bank transfer.

Question 6

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

Accepted Answer

Comparing money transfer companies for sending money to Nigeria from Malaysia can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Nigeria. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malaysian Ringgit to Nigerian Naira transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Nigerian Naira yield on every Malaysian Ringgit that you send.

Question 7

Step by step guide to do a money transfer from Malaysia to Nigeria

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Malaysia to Nigeria, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Malaysia to Nigeria that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in Nigeria where they can receive monies in Nigerian Naira.
Then, provide details of your Malaysia bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your MYR travel to another part of the globe.

1 MYR	356.43 NGN
5 MYR	1,782.15 NGN
10 MYR	3,564.31 NGN
25 MYR	8,910.77 NGN
50 MYR	17,821.53 NGN
100 MYR	35,643.06 NGN
150 MYR	53,464.59 NGN
200 MYR	71,286.12 NGN
250 MYR	89,107.65 NGN
300 MYR	106,929.18 NGN
400 MYR	142,572.24 NGN
500 MYR	178,215.30 NGN
600 MYR	213,858.36 NGN
700 MYR	249,501.42 NGN
800 MYR	285,144.48 NGN
1000 MYR	356,430.60 NGN
1500 MYR	534,645.90 NGN
2000 MYR	712,861.20 NGN
2500 MYR	891,076.50 NGN
3000 MYR	1,069,291.80 NGN
4000 MYR	1,425,722.40 NGN
5000 MYR	1,782,153.00 NGN
10000 MYR	3,564,306.00 NGN
15000 MYR	5,346,459.00 NGN
20000 MYR	7,128,612.00 NGN
30000 MYR	10,692,918.00 NGN
40000 MYR	14,257,224.00 NGN
50000 MYR	17,821,530.00 NGN
100000 MYR	35,643,060.00 NGN

Compare today's MYR to NGN (Malaysian Ringgit to Nigerian Naira) exchange rates

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

How to get the best remit rate for transferring money from Malaysia to Nigeria?

What's the cheapest way to send money from Malaysia to Nigeria?

How to send money from Malaysia to Nigeria through a bank?

How to send money to Nigeria from Malaysia fast?

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

Step by step guide to do a money transfer from Malaysia to Nigeria

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