Unicorn Currencies
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🇨🇦→🇲🇾

Send Money from Canada to Malaysia

Businesses in Canada paying Malaysia suppliers for Palm Oil. Send CAD from Canada, receive MYR in Malaysia with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local MYR delivery = no correspondent bank fees

Save £2,020 per £100k Payment

Canada to Malaysia corridor savings

Traditional Bank
£2,525
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local CAD collection
  • ✓ Transparent 0.5% spread
  • ✓ DuitNow
Your Savings
80%
£2,020 per £100k
At £300k-£3M monthly, save £5,055/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

  • CAD commodity currency (tracks oil/resources)
  • Interac e-Transfer for fast payments
  • FINTRAC oversight

Your Local Advantages

  • Local CAD account available
  • EFT (Electronic Funds Transfer) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in Malaysia: Compliance & Requirements

Regulatory Considerations

  • Bank Negara Malaysia FX regulations
  • Royal Malaysian Customs documentation
  • Sales Tax (5-10%) on goods
  • MDEC oversight for tech sector

Payment Best Practices

  • Malaysia = Palm oil leader, electronics hub (Penang)
  • DuitNow fastest for MYR payments
  • Halal certification important for food/pharma
  • Penang = Electronics manufacturing zone
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via DuitNow

Canada → Malaysia Corridor Insights

Popular Industries

  • Palm Oil
  • Electronics
  • Rubber

Peak Trading Hours

EST/PST (GMT-5/-8) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send CAD from Canada to Malaysia?

Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open AccountView Malaysia Details

Bank of Canada registered PSP | FINTRAC licensed MSB