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Banking which international money transfer service is best, Transferwise, Moneymatch, WU, MoneyGram
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TSgooroojee
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  Apr 30 2020, 10:22 PM, updated 6y ago
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I'm looking for a comparison between different service providers that help us send money from Malaysia to other countries. Which service is the best in your experience so far?
Criteria should be:
- total fees and charges
- speed of transfer
- supported sources of funds (bank, credit card)
- supported destinations for funds (bank, eWallet, agents, cash out from ATM)
- ease of use for sender
- ease of funds collection
- network strength
Candidates include:
- Western Union
- Bank TT (SWIFT)
- MoneyGram
- SpeedSend
- Paypal
- TransferWise
- MoneyMatch
- BigPay
- WorldRemit
- InstaRem
Thanks for sharing.
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TSgooroojee
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Apr 30 2020, 10:43 PM
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QUOTE(GrumpyNooby @ Apr 30 2020, 10:26 PM) Sorry what is the difference between this thread and the one existing thread? https://forum.lowyat.net/topic/4857608that thread only compare 3 providers against 1 dimension - cost. is it better to ask the question there? saw the thread was quite dead. |
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TSgooroojee
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Apr 30 2020, 11:40 PM
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QUOTE(CSW1990 @ Apr 30 2020, 10:52 PM) what is the best way to transfer money from Malaysia to China? Western Union ? |
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TSgooroojee
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May 1 2020, 07:57 PM
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QUOTE(David_Yang @ May 1 2020, 12:14 PM) Very difficult. Transferwise cannot do this currency pair, so maybe Instarem is best, but rate is not so good and tiny limit also I think (not did before). Other currencies Transferwise usually beats Instarem, but MYR/SGD is different, much more competition going on  Interestingly, Tranglo (BigPay) supports MoneyExpress which transfers foreign money via app into the UnionPay account of people in China, but they aren't offering it to us yet! https://www.unionpayintl.com/en/servicesPro...rderRemittance/ |
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TSgooroojee
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Jul 8 2020, 12:16 PM
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QUOTE(timo1003 @ Jul 8 2020, 12:10 PM) Hi guys. If I wish to transfer money to China and I only have Western Union/Transferwise/Moneygram as options which would be the best one? Amount is less than rm2k. Hope some experts can chip in on this. Really appreciate it. Tq. Moneygram seems best |
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TSgooroojee
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Jul 8 2020, 03:44 PM
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QUOTE(timo1003 @ Jul 8 2020, 03:27 PM) Thanks for this. Have you tried moneygram? I've checked their website and it seems I need to go to one of their agents to do it. So I just bring my money to the agent and fill up the forms and get it done with? Yes, or most banks offer moneygram service too.. some online.. |
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TSgooroojee
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Jul 8 2020, 07:45 PM
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QUOTE(timo1003 @ Jul 8 2020, 06:42 PM) So when you say bank offer moneygram, do I just go to say maybank branch and it can be done on the spot? And no other documents needed? Just money in my account? ? |
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TSgooroojee
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Jul 29 2020, 10:45 AM
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Note that Bigpay can now transfer to China via UnionPay / AliPay ... Flat fee of rm23.
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