First part of receiving money is correct.

Second part u can either send money to urself via the convert or send option in ur usd account.  im assuming the send will send the usd and the bank converts the ammount, for convert u  use the wise rate and goes into ur myr account. Charges not sure though. But do give it a test and let us know. Interested to know.

I don't think the other poster is quite right.

There are 2 options, depending on your choice of MY bank account.

1. MY bank account, created in Wise app.
This uses the  "convert" function.

2. Local MY bank account. e.g. CIMB or Maybank.
This uses the "send" function.

Both will use Wise's conversion rate and fees. You can see the conversion rate and fee when you initiate the transfer - this is very transparent.
Then you can compare and decide whether you want to confirm the transfer.

I transfer money from my EU account to my local MY account frequently, they're all using Wise's rate. I dunno why the other poster said it uses bank rate - the point of Wise is that it uses Wise's rate and not standard bank rates.

The way Wise works is that they act like the money changer. They take your money in USD in US, then order their branch in MY to disburse the money to your MY account. . That's how they bypassed the banks and offer competitive rates.

Ah! I see. but this only applicable when the sender also using Wise account. So presumably sender using their local bank (not wise account) to bank in USD into my WISE USD account, I guess I would need to request sender to check what is their bank fee to wise account and increase the amount so that the sender would bare the transfer fee.



Can I say if my wise USD account just to accept (receive ) USD from sender, if sender using their local bank (instead of wise account) to transfer USD to my wise account, I need to request sender to check the charges and probably to up for the transfer fee charges ?



Upon receiving USD in my WISE USD account, withdraw from wise account to local bank (example: maybank) after convert it to MYR, does it have some fee here?

You need to be aware that Wise is a multi-currency account. You need to "open" an account for each country you're interested.
That's why I always specify Wise US account. If you go to the Wise website, you can see images with different country flags in the app - each flag represent an account.
E.g. a person can hold:
100 USD
150 Euro
50 in SGD
200 GBP



Understand this. Thanks thanks!

Yes, give your Wise US account details to the sender. Once you have the money in your Wise USD account, up to you to:

1. Keep it there in USD, use the Wise card for while travelling overseas like in US or anywhere. Even in Malaysia (basically like you use credit card while overseas, only now in reverse. And yes, again using Wise's conversion rate + the fees).

2. Convert whatever amount you wish to MYR (by transferring it to Maybank). Using Wise's conversion rate + fees, based on the example above.
The example I give the sender is MYSELF. I'm the one sending/transferring 100 Euro  from my Wise EU account to my local CIMB account. I'm giving you the example of how it would look like, once you have 100 USD in your Wise USD account and wants to transfer it you local Maybank account.

I don't know enough about US bank transfers, whether it's free for all. lIke in EU it's supposed to be free. In Malaysia, we used to have IBG fees of like RM0.50 - RM1.  but now it's also all free. You can google or ask the person in US how much is the fee, but I doubt it will be high. 
Look at the example I provided. it's already very clear. The fee here is 0.88 Euro deducted by Wise before conversion.  That is all the fees imposed. You will received the amount stated in your Maybank account (in the example above, 452.28 MYR).

You can try with a small amount before converting if you're still unclear or unsure.