International money transfers are becoming increasingly important for Malaysians, whether they are sending money to family overseas, paying education fees, travelling abroad or managing international business transactions.
With the growing demand for faster and more convenient cross-border payments, MBSB Bank is taking another step forward in digital banking by expanding its Global Easy Transfer (GET) service.
Powered by Wise Platform, MBSB Bank’s GET service now allows customers to transfer up to RM150,000 daily across 20 major international currencies, offering greater flexibility and convenience when sending money overseas.
The expanded service aims to make international transfers simpler, faster and more transparent, combining Wise’s global payment infrastructure with MBSB Bank’s established banking platform.
Send Money Overseas with a Higher Daily Transfer Limit
One of the biggest highlights of the latest GET expansion is the increased daily transfer limit of RM150,000. This provides MBSB Bank customers with greater flexibility when making larger international payments.
Customers can now send money across 20 major currencies, including the US Dollar (USD), British Pound Sterling (GBP), Euro (EUR) and UAE Dirham (AED). These currencies cover several important international payment corridors, making the service relevant to individuals and businesses with overseas financial commitments.
Whether it is supporting family members studying abroad, paying international suppliers or managing personal financial matters overseas, the higher transfer limit offers more convenience through a single digital banking platform.
Faster International Transfers Through the M Journey App
Speed is another important factor when choosing an international money transfer service. Nobody wants to wait several days just to find out whether their money has reached its destination.
Through GET, customers can initiate overseas transfers directly from the MBSB Bank M Journey mobile application. The service also allows users to track their transactions in real time, providing better visibility throughout the transfer process.
According to MBSB Bank, 90% of transfers made through GET have been completed within just one minute since the service was launched.
This is particularly encouraging for customers who value quick transactions and want greater certainty when sending money internationally.
The service also recorded more than 90% of transactions coming from repeat users, suggesting that customers who have experienced GET continue to use it for their international payment needs.
Digital Transfers Can Help Reduce International Payment Costs
Apart from speed and convenience, transfer costs remain an important consideration for anyone sending money overseas.
Exchange rate differences, transaction fees and additional charges can affect the final amount received by the recipient. This is why having access to competitive exchange rates and transparent pricing is becoming increasingly important.
The World Bank’s Remittance Prices Worldwide report highlighted this difference, with the average cost of digital remittances standing at 4.59% in the third quarter of 2025, compared with 7.30% for non-digital remittances.
This shows how digital payment solutions can potentially make international money transfers more cost-efficient.
Through its partnership with Wise Platform, MBSB Bank aims to offer customers a more convenient digital experience with competitive exchange rates and improved transparency when transferring money overseas.
MBSB Bank and Wise Strengthen Their Digital Banking Partnership
The expanded GET service reflects the growing collaboration between traditional financial institutions and fintech companies.
MBSB Bank’s Group Chief Executive Officer, Rafe Haneef, said international transfers have become a regular part of financial life for many Malaysians, particularly for education, family support, travel, investments and business-related needs.
He added that customers today expect greater control and visibility over their transactions without compromising speed, security and cost transparency.
Meanwhile, Samarth Bansal, General Manager for APAC at Wise Platform, highlighted the importance of making international payments as fast, simple and transparent as domestic transactions.
The partnership brings together Wise’s global payments technology and MBSB Bank’s regulated banking capabilities to improve the international payment experience for Malaysian customers.
Making International Money Transfers More Accessible
With the latest expansion, MBSB Bank is positioning Global Easy Transfer as a convenient option for customers who regularly need to send money overseas.
The combination of a RM150,000 daily transfer limit, 20 supported currencies, real-time tracking and the ability to complete most transactions within a minute makes GET an interesting addition to Malaysia’s growing digital banking landscape.
For Malaysians who frequently manage international financial commitments, having access to an overseas transfer service directly through a banking application could make everyday financial matters much easier.
As digital banking continues to evolve, partnerships such as MBSB Bank and Wise Platform demonstrate how technology can help make cross-border payments more accessible, efficient and convenient.
The service is available via the M Journey app for existing MBSB Bank customers, while new customers can open an account with MBSB Bank via www.mbsb.com/mbsbbank/ to begin using GET.
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