Remitly
Fast, affordable remittances for immigrants worldwide
Availability in Malaysia and eligibility criteria are determined by the provider. Check terms before applying.
View providerPenang Digital Bank · Money Transfers · Malaysia
Compare money transfers providers available to Penang, Malaysia residents — with clear fees, features, and eligibility in one place.
Eligibility, pricing, and availability vary by provider, residency, and regulation in Malaysia. Confirm the terms directly with each provider before opening an account.
Up to three eligible picks for Penang, ranked from our verified partner directory for Malaysia. Availability in Malaysia and eligibility criteria are set by each provider.
Fast, affordable remittances for immigrants worldwide
Availability in Malaysia and eligibility criteria are determined by the provider. Check terms before applying.
View providerSend money to 130+ countries — fast, low-fee international transfers
Availability in Malaysia and eligibility criteria are determined by the provider. Check terms before applying.
View providerBetter rates are only the beginning — personal & business FX
Availability in Malaysia and eligibility criteria are determined by the provider. Check terms before applying.
View providerHow we pick: providers shown here come from our verified affiliate directory filtered by availability in Asia and Malaysia, competitive fees, multi-currency support, and user ratings. Rankings may include affiliate partners — see the disclosure below.
Local guide
Money transfer services let people in Penang, Malaysia send money abroad or receive it in MYR (Malaysian ringgit). The real cost is the fee plus the gap between the provider's exchange rate and the mid-market rate, so compare both.
Before you sign up in Penang
PayNet, the national payments infrastructure supervised by BNM, operates DuitNow for instant 24/7 transfers using mobile, NRIC, or business registration numbers, and RENTAS for high-value interbank settlements; FPN/FPX handles online debits.
Sources: Bank Negara Malaysia · PayNet: DuitNow and national rails
8 providers to compare, including the three featured above.
WorldFirst-powered multi-currency accounts and transfers across 2,500+ cities and 200+ countries.
Award-winning FX specialist since 1996
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Common questions about money transfers in Penang
Compare the featured money transfers providers for Penang and open your account online.
Compare All ProvidersDisclosure: Digital Bank Networks is not a bank. We are an independent comparison platform. Some of the providers on this page are our affiliate partners, and we may receive compensation when you open an account through our links. This does not affect our ratings or rankings, which are based on independent analysis. All information is provided for educational purposes only. Please review each provider's terms and conditions before opening an account.