Question 1

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

Accepted Answer

With the global remittance market booming, there are so many choices for South African Rand to MYR 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 Malaysia from South Africa. 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 MYR 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 exchange rate for your money transfers from South Africa to Malaysia?

Accepted Answer

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your ZAR to Malaysian Ringgit money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from South Africa to Malaysia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for ZAR to MYR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.

Question 3

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

Accepted Answer

Finding the cheapest way to send money from South Africa 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 ZAR 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 South Africa 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 to Malaysia from South Africa through a bank?

Accepted Answer

We do not recommend using your local bank in South Africa for your next ZAR to MYR 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 South Africa to Malaysia (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 MYR to Malaysia. These companies will let you use your local bank account in South Africa to pay for your Malaysia money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

What is the fastest way to do a money transfer to Malaysia from South Africa?

Accepted Answer

The speed of your South African Rand to Malaysian Ringgit 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 ZAR to MYR. 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 Malaysia from South Africa 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 Malaysia 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 MYR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than South Africa bank to Malaysia bank transfer.

Question 6

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

Accepted Answer

Since the South African Rand to Malaysian Ringgit money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in South Africa that may also be able to send money to Malaysia. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your ZAR to MYR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Malaysia gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next South Africa to Malaysia transaction.

Question 7

Step by step guide to send money to Malaysia from South Africa

Accepted Answer

Follow the below easy steps to send money to Malaysia from South Africa.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your South Africa bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in Malaysia).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your ZAR to MYR remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 ZAR	0.23 MYR
5 ZAR	1.16 MYR
10 ZAR	2.31 MYR
25 ZAR	5.78 MYR
50 ZAR	11.56 MYR
100 ZAR	23.11 MYR
150 ZAR	34.67 MYR
200 ZAR	46.22 MYR
250 ZAR	57.78 MYR
300 ZAR	69.33 MYR
400 ZAR	92.44 MYR
500 ZAR	115.55 MYR
600 ZAR	138.66 MYR
700 ZAR	161.77 MYR
800 ZAR	184.88 MYR
1000 ZAR	231.10 MYR
1500 ZAR	346.65 MYR
2000 ZAR	462.20 MYR
2500 ZAR	577.75 MYR
3000 ZAR	693.30 MYR
4000 ZAR	924.40 MYR
5000 ZAR	1,155.50 MYR
10000 ZAR	2,311.00 MYR
15000 ZAR	3,466.50 MYR
20000 ZAR	4,622.00 MYR
30000 ZAR	6,933.00 MYR
40000 ZAR	9,244.00 MYR
50000 ZAR	11,555.00 MYR
100000 ZAR	23,110.00 MYR

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