Transferring Money (AUD) to Malaysia

Lstrawberrybug on 24/08/2016 - 11:59

hi guys

what's the most cost-effective and safest way to transfer cash to a Malaysian bank account?

I'm with CBA and a netbank transfer costs $22 but includes a disclaimer around the receiving banks processing fee etc. I've never used online transfer sites such as OzForex, is this better?

Thanks

Financial

Comments

  • noyesmaybeok on 24/08/2016 - 12:07

    Yes Ozforex is good. WesternUnion direct to bank maybe an option.

  • retiredfeline on 24/08/2016 - 12:25

    Also check the rate at Transferwise.

  • cloudy on 24/08/2016 - 12:53

    Oxforex is good and easy to use.

  • strawberrybug on 24/08/2016 - 14:00

    thanks everyone, just signed up to OFX using the ozb referral link :)

  • illumination on 02/09/2016 - 00:08

    Citibank Plus Debit account would be an alternative option to send money overseas. However, you won't know what rate you're gonna get until it arrives but from memory the rate is decent. They don't charge fees for international money transfers.

    What kind of rate were you getting with OFX?

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