Sunway Money review for Malaysia [2027]: Features, fees and more

Sunway Money lets Malaysian businesses send international payments. Read this review to learn all about its services and if they fit your business needs

Key takeaways

• Sunway Money is a Bank Negara Malaysia-licensed remittance provider for individuals and businesses sending international payments
• Transfers typically reach recipients within three business days (at most), with fees generally costing RM8 per transaction
• The World Account offers Malaysian businesses local USD and MYR receiving accounts, and allows users to send, receive, convert and hold foreign currencies

Sunway Money is a money transfer service provider that reports more than 22,000 users and RM8 billion in total transactions.¹ It is Malaysia’s first online remittance company and focuses on sending money overseas for personal and business purposes.^1,2  But Sunway Money does not offer foreign currency receiving or holding capabilities. Plus, most transfers through Sunway Money cost RM8, while some transactions are charged RM1.^1,3

This guide is an in-depth review of Sunway Money in Malaysia and also explores a multi-currency account by WorldFirst that lets users receive, send, hold and convert international funds.

What is Sunway Money?

Sunway Money is a Malaysian remittance provider and a wholly owned subsidiary of Sunway Berhad.¹  It offers online international money transfers for individuals and businesses in 90+ countries.^1,2  Businesses can use the service to pay overseas vendors via direct bank transfers, while individuals can send money for personal purposes, including family support and education expenses.^1,3  For individual-to-individual transfers, the payment methods are³:

• E-wallet payouts in BDT, PHP, CNY, PKR, IDR and NPR
• Cash payouts in NPR and PKR (coming soon)

Sunway Money fees in Malaysia

*Fees checked in October 2026

Quick look: pros and cons of Sunway Money

Key features of Sunway Money

International money transfers

Sunway Money supports international transfers in 30+ currencies (including USD, GBP and more) from Malaysia to destinations across Asia, Europe, North America, Oceania, the Middle East and Africa.^1,3  Non-native currency transfers are also available for certain routes, such as USD transfers to China.³

Transfer times depend on the destination, with funds typically reaching the recipient’s bank account immediately to up to three business days after the transaction.³  Actual settlement may vary by route and receiving bank.³

→ Understand how long does an international Wire transfer take

Business transfers

Malaysian businesses can use Sunway Money to send payments to overseas business beneficiaries for goods and services.^2,3  Transfers are made from a Malaysian business bank account to the recipient’s overseas bank account.³

There is a daily limit of RM5 million for company customers paying company beneficiaries for goods or services, subject to country-specific limits and other terms.³  Lower limits apply to payments involving personal or non-company beneficiaries.³

Online access and verification

Customers can access the Sunway Money website from overseas and sign in using their registered email address and password.³  Personal customers can complete e-KYC verification through the mobile application by submitting identification and a selfie.³  Business customers register through Sunway’s Fintech Platform and are contacted by dedicated personnel for verification.³

Customer support

Sunway Money provides customer support via email for queries.³ Complaints are acknowledged within 24 working hours.³

Who is Sunway Money for?

• Businesses paying overseas suppliers: Sunway Money lets businesses send international payments for goods and services²
• Businesses paying overseas contractors or partners: Companies can transfer funds to eligible beneficiaries in supported destinations²
• Individuals sending money abroad: Personal customers can send remittances to family and friends after activating their account through e-KYC verification³

How to open a Sunway Money account in Malaysia

1. Sign up: Register through the Sunway Money website or the designated business registration route.
2. Complete verification: Personal customers can use e-KYC in the mobile application; business customers follow the provider’s business verification process
3. Create a transfer: Enter the recipient and payment details for a supported destination
4. Confirm and send: Check the applicable fees and final amount before confirming the transaction

The World Account: A multi-currency account for Malaysian businesses

WorldFirst, an international payments provider, offers Malaysian businesses the World Account, a multi-currency account for cross-border business transactions. It allows businesses to receive and hold USD and MYR, convert funds between USD, MYR and CNH, and send payments in these currencies.

Incoming funds do not need to be converted straight away, giving businesses the option to keep their USD or MYR balances until required. The account also connects to more than 130 marketplaces and payment gateways, enabling businesses to receive sales payouts from services such as Amazon, Etsy, Shopee and Stripe.

Key features of the World Account

• Receive USD and MYR using dedicated local account details, allowing users to pay your business as they would a local account in the respective currency
• Retain incoming USD and MYR without immediate currency conversion
• Convert funds between USD, MYR and CNH
• Send payments in USD, MYR and CNH
• Receive payouts from 130+ marketplaces, e-commerce platforms and payment gateways, including Amazon, Etsy, Shopee and Stripe
• Pay suppliers on 1688.com using World Pay, the authorised international payment provider for 1688.com
• Lock in an exchange rate for a future USD, MYR or CNH conversion through Firm Orders

FAQs

1. Is Sunway Money available in Malaysia?

Yes. Sunway Money is a Malaysian remittance provider licensed by Bank Negara Malaysia under licence number 00627.¹

2. How much does Sunway Money cost?

The standard published transfer fee is generally RM8 per transaction for native currency transfers, with exceptions for certain destinations and amounts.³ Additional charges may apply.³

3. Can I receive international payments through Sunway Money?

Sunway Money allows sending money overseas.¹  Foreign currency receiving capabilities are not offered as part of this service.

4. Can I hold foreign currency in a Sunway Money account?

No, Sunway Money does not offer multi-currency account capabilities for holding foreign currency balances. Businesses needing to receive and hold foreign currency can look for a multi-currency business account.

Sources

• https://sunwaymoney.com
• https://sunwaymoney.com/business
• https://sunwaymoney.com/faq

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.