Our fees are changing on transfers from USD to MYR.

TransferWise content team
29.01.18
1 minute read

We have some news. Our fees are changing on transfers from USD to MYR.

Here’s how much your transfers will now cost, depending on the amount you send:

Amount Old fee New fee Difference Payment method
$100 $3.00 $3.90 $0.90 more Direct Debit
$250 $3.00 $5.30 $2.30 more Direct Debit
$500 $5.00 $7.50 $2.50 more Direct Debit
$750 $7.50 $9.80 $2.30 more Direct Debit
$1,000 $10.00 $12.00 $2.00 more Direct Debit
$2,500 $25.00 $25.50 $0.50 more Direct Debit
$5,000 $50.00 $48.00 $2.00 cheaper Direct Debit
$10,000 $85.00 $78.00 $7.00 cheaper Wire
$25,000 $190.00 $190.50 $0.50 more Wire
$50,000 $365.00 $378.00 $13.00 more Wire

The fee used to be 1% on amounts up to $5,000, and 0.7% on any remaining amount over $5,000.

The new pricing will be:

  • $3.00 + 0.90% for direct debit and debit cards,
  • $3.00 + 0.75% for wire transfers (note that your bank is likely to charge you $25-50, on top of our fees, for wires),
  • $3.00 + 2.60% for credit cards.

You can read more about why we've made this change here.

TransferWise is the smart, new way to send money abroad.

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