Dear forumer ,
I have a plan move to Australia to stay with my relative and work in Australia for few years ,

My concern here is ,

How should i transfer back the money from Australia account to my MALAYSIA account ??


what is the best alternative or bank account i should apply in malaysia in order for me to make oversea money transfer ??

Transferwise. have been using this for a year or so without any issues.

Find the local money transfer services

Here in Malaysia, a lot of the money changer also operate as money transfer service, with rates better than what's offered by official banks.

Otherwise you can use western union, but I think they cannot transfer INTO your bank account

Hi

you transfer your money from which country to which country ? can you kindly let me know the process or step ?


how about this finder ?

i found an article from google
https://www.finder.com/ca/international-mon...MYS&amount=5000

Bitcoin

i am thinking of western union too , but i not sure how does it really WORK .

dear sir , what you mean by cannot transfer into your account ? if cannot transfer to my personal account then where should i transfer my money using western union ?

i wish to have a better safe and official way

From the UK to Malaysia. if you go to transferwise's website, they will guide you step by step. once verified (takes about 2 days) you can start transferring. i use this above anything else simply because i get the exchange at spot rate and its super convenient. duration isn't too bad either - the transfer usually takes 3-4 days which is fine by me.

i had register an account for demo purpose but it ask for SWIFT CODE when i trying to transfer the money .

it is the SWIFT code i need to refer to this link > https://www.theswiftcodes.com/malaysia/

what i know is that for WU usually the recipient has to physically come to collect the money in cash - this is what i mean by not "INTO the account"

when I worked in Brunei, I asked around and found a few money changer outlets that also runs official money transfer service to overseas. I could have transferred officially through my bank (BIBD, at that time), but the rates are noticeably worse than what the money changers offer.

if you do go the same route, always make sure the money transfer service is official, eh... unlicensed/unofficial ones may be raided, or worse may runaway with your money. IIRC a couple of years ago, some of the expats here suffered the first case. they transferred their money through unofficial channels. yes the outlet was very trustworthy, but it just so happens just around peak time, the outlet was raided by officials. some of the big guns transferred money more than rm 20k (/k salary, no less!!!) and it was still processing, so their money went into LIMBO...

use buttcoins.

anyway, paypal.
they will ask you for ID when total transfer pass rm5000.
for money laundering thing i guess.
you can withdraw to your bank account.

This post has been edited by shirohamada: Sep 27 2017, 12:06 PM

guys... this is serious /k la

+1. The best solution ever. I used this to transfer money from aus to myr.

cant we use maybank? i heard the fees not that high and is safe

thank you for your reminder .

Dear sir K | P ,

It is we just need to do one time full verification then we can start transferring the money ??

Is there any agent fee ? May i know how long it took to transfer the money from aus to myr ?

Maybank ?? how does maybank work ? you mean western union way ?? or how ?

The fee will be around AUD7 only. Yeap only one time full verification. Normally, it took around 3-5 days only. Very fast and efficient. The rate close to google rate. Best rate ever.


For example today, rate 3.316. You would get approximately RM3293 for AUD1000



This post has been edited by l K l P l: Sep 27 2017, 01:53 PM

thank you for your clear detail ,

but how about the payment transfer will be made ??

from a AUD bank account direct to Malaysia Bank account ?

Use ur AUD bank account to transfer to transferwise account. Transferwise will give u the account no. Then, they will transfer to your malaysian bank account after few days.

bring back cash

My dear friend , that is not the solution .

I am not planning to coming back within few years , at least 1 or 2 years , but i still need to transfer some money back to my parent so i need to find a better way to transfer money thru online .

western union, or just open bank in aus and transfer back to malaysia acc.

the only solution if u prefer as logically