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You Send They Receive

You Send
Conversion Amount
You Send
Transaction Fee
Conversion Amount
Conversion Rate  
Recipient Receives
Conversion Amount
Conversion Rate
Recipient Receives

Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To Malaysia At Zero-Margin Rates
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Send Money To Malaysia

High remittance charges bleeding you dry on money transfers to Malaysia? InstaReM is here to save the day! Zero-Margin FX rates, no hidden charges and fast transfers, InstaReM offers you everything you have been looking for in a money transfer service. With a presence in more than 60 countries, InstaReM enables individuals and SMEs to transfer money to individuals and businesses in Malaysia from anywhere in the world.

All you need to do is register with us, set up a transfer and we will convert your money into Malaysian Ringgit with our Zero-Margin FX rates. We believe in being transparent with our clients and want you to be in charge of your money. Not only do we give you a detailed break up of your transaction, but also keep you posted about the status of your remittance to Malaysia.

Frequently Asked Questions
  • Is it safe to send money to Malaysia through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud, and money laundering.
  • How much does it cost to send money to Malaysia through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD to MYR and HKD to MYR, the fee is 0.5%. For payments from SGD to MYR, the fee is 0.25%. Please note that the fees are subject to change.
  • How much time does it take to send money to Malaysia through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Malaysia are covered by InstaReM? InstaReM covers all banks in Malaysia, including Maybank, CIMB, Public Bank Berhad, RHB Bank, Hong Leong Bank, AmBank, United Overseas Bank (Malaysia), Bank Rakyat, OCBC Bank (Malaysia) and HSBC Bank Malaysia, among many others.
  • What details are required to send money to Malaysia?
    1. Name: When sending to individuals in Malaysia, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Malaysia.
    3. Account no: Beneficiary’s local account number in Malaysia.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Malaysia.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Malaysia here.
  • Can I send money to the bank account of a business based in Malaysia through InstaReM? Yes. You can use InstaReM for business transfers to Malaysia.
  • What are the minimum and maximum limits for sending money to Malaysia through InstaReM?
    1. Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong.
    2. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore, and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available in Malaysia for payout? We make payouts in MYR and USD only.
  • For what purposes can I send money to Malaysia through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs to Malaysia from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Malaysia
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    *InstaReM does not support payments for FDI (Foreign Direct Investment) purposes. As per the guidelines by the financial regulatory authorities of Malaysia, payments for investment purposes are allowed only through banking channels.
  • No. InstaReM does not support transfers to an email address in Malaysia.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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