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Financial Technology Blog

When transferring money to Malaysia, GlobalWebPay is a safe and straightforward way to undercut atrocious bank rates and costs.

Reason to choose GlobalWebPay

With their straightforward, online service, sending money abroad is simple. You can send money from any UK bank account to any Malaysian bank account with GlobalWebPay. 

They convert your money at the ‘inter-bank’ rate – the genuine rate – allowing you to save a lot of (even if the folks claiming ‘zero’ commission claim otherwise). Deceptive bank surcharges and creepy hidden fees have no place on the platform. Other reasons are:

  • Low fees for sending any amount in Malaysian Ringgit 
  • Send the entire amount in MYR without incurring any recipient costs. 
  • Competitive, bank-beating exchange rates 
  • Fast delivery of funds; generally same day 
  • Transfers to any Malaysian ringgit bank account are safe and secure.

Who can use GlobalWebPay

Individuals and businesses with a UK bank account can open a GlobalWebPay account to send funds to Malaysia. You’ll find their online service convenient and straightforward to use, whether you’re transferring funds to friends and family or making payments for your business. With their low transfer costs and bank-beating exchange rates, you may use GlobalWebPay for one-time or frequent transactions. With GlobalWebPay, you can send funds in just a few clicks from the comfort of your own home.

A trusted, reliable, and secure online service

When it comes to handling their customers’ money transfers to Malaysia, GlobalWebPay is committed to the greatest levels of security. To keep your money safe, they keep all customer monies in segregated bank accounts. HMRC and the Financial Conduct Authority both license and oversee GlobalWebPay (FRN 631844). Thousands of satisfied, verifiable customer reviews (rating ‘excellent’ – 4.9 out of 5) have been accumulated over the last decade

Cost of transaction

GBP-to-Malaysia transfers cost 0.16 GBP + 0.5%, which is a small, flat fee that will be displayed on your bill.

There may be an additional fee for some payment methods, but it’s usually very small.

Hidden or otherwise, there are no big fees. As a result, it’s more affordable than you might expect.

Duration of transaction

Your transaction can be completed within one day, as a same-day transfer, or even an instant money transfer, on many popular routes.

The delivery time of a transfer can be affected by a variety of factors, including payment methods and normal procedures. you will be kept up to date at all times, and you’ll be able to monitor the progress of your order in your account.

Steps to send money

  • Enter how much you want to spend and where you want to spend it
  • Select a mode transfer, either bank transfer, quick, or your debit or credit card