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Send money from Hong Kong to Malaysia(HKD → MYR)
HKD
MYR|Pricing observed Mid-market 0.5190Top-ranked estimateof 5 providers
Western Union
Rate 0.5170 · Fee HK$19.00
You send
HK$5,000
Estimated receipt
RM2,575
RM200 more than the lowest estimate · 0.39% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: For 5,000 HKD to MYR, Western Union ranks first among 5 provider estimates, with an estimated payout of 2,575.33 MYR. The first-ranked estimate pays 197.7 MYR more than the lowest estimate in this comparison.
Latest pricing observation: . Payouts are estimated from collected fees and markups with a mid-market reference. Collection schedules vary by source. Quotes are collected by currency pair, so we cannot confirm that every provider serves Hong Kong specifically — check availability, funding method and delivery method with the provider before you commit. How we collect and rank quotes.
What is the cheapest way to send HKD to MYR?
Sending HK$5,000 from Hong Kong to Malaysia. Ranked by estimated payout, with customer ratings used for closely matched results.
Source: SendMoneyCompare · Estimated payouts from collected pricing and mid-market rates
#ProviderRateFeeRecipient getsSend
Rate 0.5170·Fee HK$19.00·0.39% markup
Rate 0.5154·Fee HK$35.00·0.69% markup
4
HSBC HK
1-3 business days
RM2,436.61
recipient gets
Rate 0.5029·Fee HK$155.00·3.10% markup
Rate 0.5149·Fee Free·0.79% markup
Estimated payout difference: The first-ranked provider pays more than the lowest estimate by RM197.70 on a HK$5,000 transfer.
Some links on this page are affiliate links — we may earn a commission at no extra cost to you. Rankings come from live transfer data and are ordered by what your recipient receives. Whether a provider pays us plays no part in that order. Where payouts land within 0.1% of each other — less than rates typically move between our updates — the higher-rated provider is listed first. Editorial policy
Sending money from Hong Kong to Malaysia? Compare real-time exchange rates and fees across leading money transfer services. Find the provider that gives you the best MYR amount today.
Whether you're supporting family in Malaysia or paying for business services, finding the cheapest way to send money from Hong Kong matters. Exchange rate markups and transfer fees add up — especially on regular transfers. Our real-time comparison helps you cut costs by showing the exact amount your recipient gets from each provider.
Which provider offers the best HKD to MYR rate?
Western Union
4.3Exchange rate
0.5170
Fee
HK$19.00
Recipient gets
RM2,575.33
Speed
1 business day
Also available · Digital-asset rails
Crypto & stablecoin routes for HKD → MYR
For a tech-comfortable sender, stablecoin rails can beat every bank and app. These aren't one-tap services — each is a fiat on-ramp → blockchain → local cash-out. Here's the all-in cost and how each works.
HataBitcoin · LightningBeats mid-market
HashKey → XRP Ledger (XRP) → Hata (XRP) · ~3 seconds
2,609 MYR
0.60% rebate all-in
+
HataBitcoin · LightningBeats mid-market
HashKey → XRP Ledger (XRP) → Hata (XRP) · ~3 seconds
2,609 MYR
0.60% rebate all-in
- 1HashKey HKD→XRP: 0.12%
- 2XRP Ledger network: 0.000010 XRP
- 3Hata (XRP): 0.02% spread
- 41 MYR withdrawal fee
Also routable via XRP Ledger (XRP), Lightning Network (BTC), Stellar (XLM) (XLM).
Source: Hata Public Orderbook API
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, refreshed every 6 hours. Not financial advice.
Guides, fees & how it works
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Hong Kong to Malaysia route.
Cheapest transfer
Western Union
Delivers the most MYR for your money
Fastest transfer
Western Union
Delivers in 1 business day
Cash pickup
Western Union
Widest cash pickup network
Bank transfer
Western Union
Best rate for bank deposit to Malaysia
How to send money to Malaysia
Sending money to Malaysiais straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much HKD you want to send, compare providers above, and pick the one offering the best MYR amount for your transfer to Malaysia.
Step 2
Add your recipient
Enter your recipient's details in Malaysia — you'll need their bank account number. Complete the provider’s verification before expecting delivery.
Step 3
Send & track your transfer
Choose an available funding method, confirm the final payout and arrival estimate, then keep your tracking reference.
What you need to send money to Malaysia
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full name as registered with their Malaysian bank account (must match IC/passport)
Bank account number
Malaysian bank account number (typically 10–16 digits depending on the bank)
Example: 1234567890123456
Bank name
Name of the recipient's bank (e.g. Maybank, CIMB, Public Bank)
SWIFT/BIC code
SWIFT code for international wire transfers
Note: Malaysia does not use the IBAN system. Bank account numbers vary in length by bank — Maybank uses 12 digits, CIMB uses 14 digits, and Public Bank uses 10 digits. Malaysia's DuitNow system allows transfers using IC number, mobile number, or business registration number.
Transfer examples: HKD to MYR
See how much your recipient would get for common transfer amounts.
Send HK$500
ProviderFeeReceives
Western Union
0.52 · 1 business day
Wise
0.52 · 1-2 business days
InstaReM
0.52 · 1-3 business days
HSBC HK
0.50 · 1-3 business days
OFX
0.50 · 1-3 business days
Regency FX
0.51 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
Western UnionHK$1.900.52RM2581 business day
WiseHK$2.450.52RM2571-2 business days
InstaReMHK$3.500.52RM2561-3 business days
HSBC HKHK$15.500.50RM2441-3 business days
OFXHK$21.400.50RM2381-3 business days
Regency FXFree0.51RM257Same day to 2 business days
Send HK$1,000
ProviderFeeReceives
Western Union
0.52 · 1 business day
Wise
0.52 · 1-2 business days
InstaReM
0.52 · 1-3 business days
HSBC HK
0.50 · 1-3 business days
OFX
0.50 · 1-3 business days
Regency FX
0.51 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
Western UnionHK$3.800.52RM5151 business day
WiseHK$4.900.52RM5141-2 business days
InstaReMHK$7.000.52RM5121-3 business days
HSBC HKHK$31.000.50RM4871-3 business days
OFXHK$42.800.50RM4761-3 business days
Regency FXFree0.51RM515Same day to 2 business days
Send HK$5,000
ProviderFeeReceives
Western Union
0.52 · 1 business day
Wise
0.52 · 1-2 business days
InstaReM
0.52 · 1-3 business days
HSBC HK
0.50 · 1-3 business days
OFX
0.50 · 1-3 business days
Regency FX
0.51 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
Western UnionHK$19.000.52RM2,5751 business day
WiseHK$24.500.52RM2,5701-2 business days
InstaReMHK$35.000.52RM2,5591-3 business days
HSBC HKHK$155.000.50RM2,4371-3 business days
OFXHK$214.000.50RM2,3781-3 business days
Regency FXFree0.51RM2,574Same day to 2 business days
How much does it cost to send money from Hong Kong to Malaysia?
Transfer fees from Hong Kong to Malaysia vary by provider. Specialist services charge HK$0–10 per transfer, while banks charge HK$25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total MYR your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically HK$0–HK$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (0.5190).
Ways to send money to Malaysia
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit is the dominant method in Malaysia, which has a highly developed banking system. DuitNow (Malaysia's real-time payment platform) is modernizing transfers. E-wallets like GrabPay and Touch 'n Go are popular for smaller amounts.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Malaysia?
Check these receiving options with the provider. Availability depends on the sending country, recipient and transfer conditions.
Bank Deposit
1–2 business days
Direct transfer to any Malaysian bank account. The standard and most popular method.
WiseRemitlyWorldRemitWestern Union+1 more
GrabPay Wallet
Minutes
Transfer to GrabPay e-wallet — Grab's popular Southeast Asian payment platform.
Remitly
Touch 'n Go eWallet
Minutes
Transfer to TNG eWallet — Malaysia's widely used contactless payment platform.
Remitly
Cash Pickup
Minutes
Collect cash from agent locations and post offices across Malaysia.
Western UnionMoneyGramRia Money Transfer
What are the transfer limits and regulations for Malaysia?
Important rules and requirements to know before sending money to Malaysia.
Regulatory body
Bank Negara Malaysia (BNM)
Inbound transfer limits
No cap on incoming remittances for personal transfers
Documentation you may need
- Sender's government-issued photo ID
- Recipient's MyKad (IC) or passport number may be needed
- Purpose of payment for transfers exceeding MYR 50,000
Important things to know
- Bank Negara Malaysia regulates all money service businesses and cross-border payments.
- Malaysia is both a major sender and receiver of remittances due to its large foreign worker population.
- The ringgit (MYR) is a managed float currency — BNM intervenes to prevent excessive volatility.
- DuitNow enables instant domestic transfers and is being expanded for cross-border ASEAN payments.
How long does it take to send money to Malaysia?
Most transfers from Hong Kong to Malaysia arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Malaysia for a small premium.
Delivery times shown here are published by the providers and payment schemes. We do not measure when transfers actually arrive, so treat them as estimates and confirm the time with your provider before you send.
Standard delivery
- Western Union1 business day
- Wise1-2 business days
- InstaReM1-3 business days
- HSBC HK1-3 business days
- OFX1-3 business days
Popular banks in Malaysia
These are the most commonly used banks for receiving international transfers in Malaysia.
BankSWIFT/BICNotes
Maybank
MABORJM1XXX
CIMB Bank
CIABORMYK1XXX
Public Bank Berhad
PABORJMKXXX
RHB Bank
RHABORJM1XXX
Hong Leong Bank
HLABORMYKXXX
AmBank
AMABORJMXXX
Frequently asked questions
Common questions about sending money from Hong Kong to Malaysia
What is the cheapest way to send money from Hong Kong to Malaysia?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Hong Kong to Malaysia?
Most specialist providers deliver to Malaysia within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send HK$5,000 from Hong Kong to Malaysia?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much MYR your recipient would receive from a HK$5,000 transfer today.
Can I send money from Hong Kong to Malaysia online?
Yes, all the providers we compare support online transfers from Hong Kong to Malaysia. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to Malaysia?
Money transfer services are almost always cheaper. Banks typically charge HK$25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge HK$0–10 with markups under 1%, saving you significantly on every transfer to Malaysia.
More for this corridor
Everything about sending money to Malaysia
Recipient requirements, delivery methods, regulations, popular banks, and more.
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How does your bank compare?
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