Loading...
Send money from Italy to Malaysia(EUR → MYR)
EUR
MYR|Updated recentlyMid-market 4.6127Cheapest todayof 2 providers
TapTap Send
Rate 4.5800 · Fee free
You send
€1,000
Recipient gets
RM4,580
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Italy to Malaysia in May 2026 is TapTap Send, which delivers 4,579.98 MYR on a 1,000 EUR transfer with a fee of zero. According to SendMoneyCompare's comparison of 2 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 4 MYR.
Last reviewed: by Awais Imran, Reviews Editor
→
Rates are typical right now
40th percentile
Based on 8 days of data (2026-05-14 to 2026-05-21)
Today's best
RM458
TapTap Send
8-day avg
1 EUR = 4.58 MYR
Best rate
4.61
2026-05-19 · TapTap Send
Worst rate
4.56
2026-05-18 · TapTap Send
What is the cheapest way to send EUR to MYR?
Sending €1,000 from Italy to Malaysia. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 4.5800·Fee Free·0.71% markup
Best rate 8 of 8 days
↓ 0.4% over 8dAvg: 4.58 MYR (-0.1% vs avg)Range: 4.56–4.61
1
TapTap SendBest value
Under 3 minutes (95% of transfers)0.71% markup
Best rate 8 of 8 days
↓ 0.4% over 8dAvg: 4.58 MYR (-0.1% vs avg)Range: 4.56–4.61
4.5800
Free
RM4,579.98
Rate 4.5758·Fee Free·0.80% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient RM4.15 on a €1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Find the best way to send money from Italy to Malaysia. Our comparison tool shows live rates from 15+ providers — see exactly how much MYR your recipient will receive after all fees.
Whether you're supporting family in Malaysia or paying for business services, finding the cheapest way to send money from Italy 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 EUR to MYR rate?
TapTap Send
4.7Exchange rate
4.5800
Fee
Free
Recipient gets
RM4,579.98
Speed
Under 3 minutes (95% of transfers)
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 Italy to Malaysia route.
Cheapest transfer
TapTap Send
Delivers the most MYR for your money
Fastest transfer
TapTap Send
Delivers in Under 3 minutes (95% of transfers)
Bank transfer
TapTap Send
Best rate for bank deposit to Malaysia
How to send money to Malaysia
Sending money to Malaysia is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much EUR 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. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–2 business days.
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: EUR to MYR
See how much your recipient would get for common transfer amounts.
Send €500
ProviderFeeReceives
TapTap Send
4.58 · Under 3 minutes (95% of transfers)
Regency FX
4.58 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
TapTap SendFree4.58RM2,290Under 3 minutes (95% of transfers)
Regency FXFree4.58RM2,288Same day to 2 business days
Send €1,000
ProviderFeeReceives
TapTap Send
4.58 · Under 3 minutes (95% of transfers)
Regency FX
4.58 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
TapTap SendFree4.58RM4,580Under 3 minutes (95% of transfers)
Regency FXFree4.58RM4,576Same day to 2 business days
Send €5,000
ProviderFeeReceives
TapTap Send
4.58 · Under 3 minutes (95% of transfers)
Regency FX
4.58 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
TapTap SendFree4.58RM22,900Under 3 minutes (95% of transfers)
Regency FXFree4.58RM22,879Same day to 2 business days
How much does it cost to send money from Italy to Malaysia?
Transfer fees from Italy to Malaysia vary by provider. Specialist services charge €0–10 per transfer, while banks charge €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 €0–€10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (4.6127).
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.
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Malaysia?
Your recipient in Malaysia can receive money through these delivery methods. The best option depends on their location and preferences.
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 Italy 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.
FastExpress delivery
- TapTap SendUnder 3 minutes (95% of transfers)
Standard delivery
- Regency FXSame day to 2 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
EUR to MYR Exchange Rate History
Daily best exchange rates from top providers over the last 8 days. Rates shown are for sending $100.
| Date | TapTap Send | __mid Market__ |
|---|---|---|
| Trend | ||
| May 21 | 4.5800✓ | 4.5800✓ |
| May 20 | 4.5900✓ | 4.5900✓ |
| May 19 | 4.6100✓ | 4.6100✓ |
| May 18 | 4.5600✓ | 4.5600✓ |
| May 17 | 4.5700✓ | 4.5700✓ |
| May 16 | 4.5900✓ | 4.5900✓ |
| May 15 | 4.5800✓ | 4.5800✓ |
| May 14 | 4.6000✓ | 4.6000✓ |
Common questions about sending money from Italy to Malaysia
What is the cheapest way to send money from Italy 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 Italy 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 €1,000 from Italy 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 €1,000 transfer today.
Can I send money from Italy to Malaysia online?
Yes, all the providers we compare support online transfers from Italy 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 €25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge €0–10 with markups under 1%, saving you significantly on every transfer to Malaysia.
Everything about sending money to Malaysia
Recipient requirements, delivery methods, regulations, popular banks, and more.
More transfers from Italy
Other routes to Malaysia
Popular corridors
Top provider reviews
Useful guides
Compare all providers for Italy to Malaysia
Enter your exact amount to see personalised quotes from every provider on this route.
Compare providers now