Save up to 80% on international money transfers from Malaysia

To get started with Airwallex FX & Transfers, sign up on the Airwallex website and complete the KYC onboarding. Once your profile is approved, you can fund your MYR balance from your local bank, book FX conversions, and send international transfers to 120+ countries via local rails or SWIFT directly from the Airwallex dashboard or via API.

The fastest way to transfer money internationally is to use a modern fintech platform that sends funds over local payment rails instead of the SWIFT network. With Airwallex, 94% of payments are routed through local clearing systems, and 93% of transactions arrive on the same working day. That’s significantly quicker than traditional SWIFT transfers, which can take several business days to reach the recipient.

Airwallex supports international transfers to 200+ countries globally, so you can pay overseas partners almost anywhere you do business. Within that coverage, Airwallex routes payments through local payment rails in 120+ countries, giving Malaysia businesses a faster and more cost‑effective alternative to traditional SWIFT transfers on most major routes.

For Malaysian banks, international transfers are usually processed via the SWIFT network and may include transfer fees, FX mark-ups, and possible intermediary bank charges. The exact cost depends on the bank, currency, and destination. Airwallex routes 94% of its transfers through local payment rails instead of SWIFT, and no SWIFT fees apply for these transfers. You only pay a transparent FX margin when a currency conversion is required.

To transfer money to an international bank account with Airwallex, log in to your Airwallex account, go to the transfers section, and create a new transfer. Choose the funding currency, enter your recipient’s bank details, select the payout currency and route (local rails where available, or SWIFT if required), review the FX rate and fees upfront, then confirm the transfer and track its status in your dashboard.

An international money transfer can take up to several business days, depending on the provider and payment route. With Airwallex, 93% of transactions arrive on the same working day, and 45% of transactions arrive instantly.

Yes, you can track your money transfer in real time within your Airwallex account. Each payment shows a clear status in your dashboard, and you can configure notifications so your team is alerted when a transfer is processed, completed, or requires attention.

In Malaysia, Airwallex operates through Airwallex (Malaysia) Sdn. Bhd., which is regulated by Bank Negara Malaysia as a licensed remittance business under the Money Services Business Act 2011. Customer funds are held in segregated accounts with licensed banks, separate from Airwallex’s own operating funds, in line with local regulatory requirements. This helps ensure your money is kept distinct and safeguarded under applicable Malaysian rules.

Airwallex also maintains internationally recognised security standards, including PCI DSS, SOC 1, and SOC 2 compliance, and uses encryption and multi-factor authentication to protect account access and transactions.

Yes, Airwallex supports DuitNow for domestic MYR payments, both for collecting funds via DuitNow QR and for paying out to suppliers, contractors, or employees via DuitNow Transfer, with local DuitNow payouts settling within 0–2 business days.

No. Malaysia does not use the IBAN system. For international transfers, you'll generally need your bank account number and SWIFT/BIC code instead. Airwallex provides the bank details your overseas partners need to send payments to your account.