How to Transfer Money from Malaysia to Indonesia Using Maybank2u 2024

Learn how to transfer money from Malaysia to Indonesia using Maybank2u 2024. Discover the best options for overseas transfers and secure your funds efficiently.

Transferring money across borders has become increasingly common in today's interconnected world. 

If you're in Malaysia and need to send funds to someone in Indonesia, you're in luck! Maybank2u offers a reliable and efficient solution for this international money transfer. 

In this article, we will guide you through the process of transferring money from Malaysia to Indonesia using Maybank2u, ensuring that your funds reach their destination securely and conveniently.

Benefit Maybank2u's Foreign Telegraphic Transfer (FTT)

Maybank2u provides a straightforward and secure way to send money abroad. One of its key features is the Foreign Telegraphic Transfer (FTT)service, which offers several benefits:

Lower Rates: You can enjoy lower rates when you send a minimum of RM10,000 via Maybank2u or Maybank2u Biz web and the MAE app. This is especially advantageous for Maybank Private, Maybank Premier, or Maybank Privilege customers.

Secure SWIFT System: Your money is sent worry-free through the highly secured SWIFT system, ensuring the safety of your funds.

Convenient Online Transfers: You can easily initiate your transfers online via Maybank2u or Maybank2u Biz web and the MAE app, as well as at any Maybank branches and Maybank Money Exchange Booths.

Transparent Service Charges: Maybank2u provides upfront service charge details, and you can even guarantee the amount credited to the beneficiary's account using the Guaranteed OUR option.

Foreign Telegraphic Transfer Debit Master Foreign Currency Account via Maybank2U

Maybank2u also offers the Foreign Telegraphic Transfer Debit Master Foreign Currency Account (MFCA) service. 

This allows you to perform transfers in the recipient's preferred currency without worrying about fluctuating exchange rates or additional charges to their foreign currency account. 

This service is applicable to 16 foreign currencies.

It's important to note that you can only transfer the same currency type to the recipient's account. 

Mismatched currencies will be rejected. However, there is no additional fee for this service except for a flat service fee of RM10, which will be charged to your local RM account.

How to Transfer Money from Malaysia to Indonesia Using Maybank2u

Steps to Perform FTT Online

To perform an Overseas Transfer using Foreign Telegraphic Transfer (FTT) online via Maybank2u, follow these steps:

1. Login to Maybank2u website.
2. Click on "Transfer" and select "Transfer to Overseas."
3. Enter the destination country and the amount to transfer.
4. Choose "Foreign Telegraphic Transfer."
5. Submit the FTT transaction.

For Maybank2u.Biz website (for Maker) and the MAE app, similar steps apply, ensuring a convenient online experience for your international money transfer. 

How to Perform FTT with G'OUR Option

1. Log in to Maybank2u website.
2. Click on "Transfer" and choose "Transfer to Overseas."
3. Enter the destination country and transfer amount.
4. Select "Foreign Telegraphic Transfer."
5. Under "Transfer Details," choose "I will pay" for "Agent/Beneficiary Bank Fee."
6. Submit the FTT transaction.

Transfer Money to Indonesia from Malaysia via Western Union Maybank2u

Western Union is another option for sending money overseas. Here's what you need to know:

Benefits

Convenience of Choice: Senders can choose to transfer via 'Credit to Account' or 'Cash Pick-Up' at Western Union agents.

Receive Money Online: Beneficiaries can receive their money without visiting an agent with Credit to Account.

High Transfer Limit: You can send cash up to RM9,999.00 per day.

Available Anytime: Send and receive money at any time, even on Sundays, with minimal service maintenance downtime.

Competitive Fee: Western Union offers low service fees for each transfer.

Easy Cash Payout: Beneficiaries can easily collect cash at any Western Union partner location worldwide.

Wide Network: Receivers can cash out at 500,000 agent locations in over 200 countries.

Instant Transfer: Enjoy immediate and reliable money transfers worldwide via cash pick-up.

How to Transfer Online with Western Union via M2U

To transfer money overseas with Western Union via Maybank2u, follow these simple steps:

1. Select 'Pay & Transfer' in Maybank2u.
2. Click on 'Transfer.'
3. Choose 'Transfer to Overseas.'
4. Select your destination country.
5. Enter the amount you want to transfer and choose the preferred currency.
6. Select Western Union as the mode of transfer.
7. Fill in the transfer details, then click 'Transfer.'
8. Request a TAC number, confirm the transaction, and you're done!
9. You can even save your transaction as 'Favorite' for future use.

Service Charges

FTT and G’OUR Charges

• FTT via Over-the-Counter (Maybank branches and Maybank Forex Booths) incurs a service fee of RM30 for all countries (except Singapore, which is in SGD).
• FTT via Online (Maybank2u website, Maybank2u.Biz website, and MAE app) has a service fee of RM10 for all countries. Please note that this fee does not include G’OUR charges.
• Additional G’OUR Charges/Agent Beneficiary Bank Fee for IDR is IDR 15,000.
  

Money Transfer Fee Western Union 

The service fee for Western Union transfers depends on the amount transferred:

• For amounts up to RM150.00, the service fee is RM5.00.
• For amounts between RM150.01 and RM500.00, the service fee is RM8.00.
• For amounts between RM500.01 and RM3,000.00, the service fee is RM12.00.
• For amounts between RM3,000.01 and RM10,000.00, the service fee is RM15.00. 
  

In conclusion, how to transfer money from Malaysia to Indonesia using Maybank2u 2024 is a straightforward process. 

Both options provide convenience, reliability, and competitive fees for your international money transfer needs. 

Whether you choose Maybank2u or Western Union, you can rest assured that your funds will reach their destination securely and efficiently.