Send money from Ethiopia to Malaysia and pay ringgit into a bank account or a wallet
Ethiopian freelancers and companies who earn US dollars use this corridor to pay people in Malaysia, alongside families supporting a student in Kuala Lumpur or Penang. The dollars sit in your Grey USD account, you convert the amount required into ringgit, and the payment goes to a Malaysian bank account or to a mobile wallet. What arrives is ringgit, ready to spend locally.
ETB
MYR
-
Trusted by 3M+ people around the world
GOOGLE PLAY •22K REVIEWS
APP STORE • 12K REVIEWS
From US dollars in Ethiopia to ringgit in Malaysia
Dollar earners in Ethiopia are the senders here. Freelance developers, 3D artists and consultants who bill clients outside the country lead the corridor, followed by Ethiopian businesses paying Malaysian suppliers and service providers. Families meeting tuition and living costs for a relative at a Malaysian university form the third group, funding it out of the same dollar income.
Everything is sent from US dollars already in hand. Lead Bank provides the USD account attached to your Grey balance, complete with US routing and account numbers, so clients and employers abroad can pay you into it. A Malaysian payment is made by converting part of that balance into ringgit at the rate shown before you confirm.
Ringgit reaches people through the channels Malaysians already use. Bank payouts go to Maybank, CIMB Bank, Public Bank, RHB Bank and Hong Leong Bank, identified by bank name and account number rather than an IBAN. Wallet payouts reach Touch n Go eWallet and GrabPay on the mobile number registered to the wallet.
How to send money to Malaysia from Ethiopia
Sign up
Set up a Grey account on your phone and verify your identity with a passport or another accepted photo document. Grey Inc is registered with FinCEN, registered address 651 N Broad St, Suite 206, Middletown, DE 19709, United States.
Fund
Your Grey USD account from Lead Bank comes with US routing and account numbers to give to clients or to an employer, and you can also wire dollars in from a dollar account held elsewhere. Malaysian payments draw on that dollar balance.
Send
Choose a bank payout and enter the bank name with the account number, or choose a wallet and enter the registered mobile number. Check the ringgit amount, the rate and the fee on screen, then confirm to lock the rate.
What it costs to send money from Ethiopia to Malaysia
A ringgit transfer is charged in two places, and only one of them is announced. The fee is on the screen; the margin is folded into the exchange rate, where it shrinks the ringgit delivered without ever being called a cost. That is why a transfer promoted as having no fee can still be the more expensive choice.
The honest test is the ringgit figure. Put an identical dollar amount into Grey and into whichever rival you are considering, then compare what each one undertakes to deliver in Malaysia. Fee and margin are both inside that number, so there is nothing further to calculate.
Correspondent banking makes this comparison impossible to run in advance. Charges can be taken by intermediaries while the payment is moving, and the sum credited in Kuala Lumpur may fall short of the sum agreed in Addis Ababa. Grey names the ringgit figure first and pays that figure.
Because these payments repeat, small differences add up quickly. An agency settling the same Malaysian contractor each month, or a household sending fees every semester, converts the same dollars again and again.
How the US dollar to ringgit rate is fixed
Dollar to ringgit pricing moves through the trading day, so Grey fixes your rate at the point of confirmation. The ringgit figure you approve is the figure paid out, whichever way the market turns afterwards.
Only one conversion takes place. The money starts as dollars you already hold, so nothing has to be bought into dollars first, and the transfer carries a single rate and a single margin rather than two in sequence.
Waiting is a legitimate option. Dollars in Grey stay in dollars until you decide to convert them, so if a Malaysian payment is not urgent you can choose the day on which the ringgit is bought.
How Grey compares with an ordinary bank wire to Malaysia
A standard wire to Malaysia is routed through correspondent banks, which brings cut-off times, business days and deductions that can be taken after the instruction leaves Ethiopia. Grey passes the final leg to Malaysian banks and wallet providers directly, so the money posts as a local ringgit credit instead of an inbound foreign payment.
The practical difference is certainty about the amount. The ringgit figure is agreed before the transfer goes, no intermediary can shave it, and the status of the payout stays visible in the app rather than behind a telephone enquiry to a branch.
What your recipient in Malaysia sees
Your recipient gets ringgit in a bank account or a wallet they already use. There is no Grey account to open at their end and nothing to collect in person.
Banks and wallets
Bank payouts credit Maybank, CIMB Bank, Public Bank, RHB Bank and Hong Leong Bank from the bank name and account number. Wallet payouts reach Touch n Go eWallet and GrabPay through the mobile number registered to the wallet.
How the money lands
A bank payout appears as a ringgit deposit on the account statement, nothing more exotic than that. A wallet payout adds ringgit to the wallet balance held against the registered mobile number, ready to be spent or moved on.
GreyTag
If your recipient is a Grey user too, pay their GreyTag instead. Transfers between Grey users complete instantly and free, in any currency.
How to fund a transfer to Malaysia
Ringgit is bought with dollars that are already inside Grey, so funding has to come before sending. The route you take to get dollars in therefore decides how soon the ringgit can leave.
Payments from clients or employers
Hand over the Grey USD account details once, and everything paid to you afterwards lands in Grey without further involvement from you.
A dollar wire in
The routing and account numbers in the app let you wire dollars across from any other bank where you hold a dollar account.
An existing balance
Dollars already in Grey are ready to convert into ringgit, so the payment can be released as soon as you have checked the figures.
Regular senders on this corridor tend to keep a standing dollar balance rather than funding each transfer separately. Malaysian invoices and semester fees rarely arrive on the day a client settles, and dollars held in advance mean the ringgit goes out when it is required.
Who sends money from Ethiopia to Malaysia
Freelancers and remote workers
Developers, designers and consultants in Ethiopia who invoice abroad in dollars and pay Malaysian collaborators out of the same balance.
Businesses and agencies
Ethiopian companies paying Malaysian suppliers, manufacturers and service firms, commonly releasing several ringgit payouts on the same date each month.
Professionals on a foreign payroll
People resident in Ethiopia but employed by a company abroad and paid in dollars, forwarding part of that salary to Malaysia.
Families funding study costs
Households covering tuition, hostel fees and monthly spending for a relative at a university in Kuala Lumpur or Penang, from dollar income.
The senders on this corridor all earn US dollars in Ethiopia. Freelancers and remote workers lead, followed by businesses paying Malaysian suppliers, professionals on a foreign payroll, and families supporting relatives studying in Malaysia.
The best way to send money from Ethiopia to Malaysia
A global money app you can actually trust
Bank-grade encryption protects what you hold, each ringgit payout is tracked from the moment you confirm it, and support answers inside the app. If something about a Malaysian payment looks wrong, raise it where you sent it and follow the reply to a resolution.
FAQs
How much does it cost to send money from Ethiopia to Malaysia?
Grey shows the fee and the dollar to ringgit rate before you confirm. Compare the ringgit figure delivered, not the fee by itself.
How long does a transfer to Malaysia take?
Grey does not quote a fixed delivery time here. The ringgit posts to the bank account or the wallet balance once the payout is processed.
What details do I need to send money to Malaysia?
For a bank payout, the bank name and the account number. For a wallet, the mobile number registered to that wallet.
Which Malaysian banks does Grey pay?
Maybank, CIMB Bank, Public Bank, RHB Bank and Hong Leong Bank all receive ringgit credits from Grey transfers.
Can I pay a mobile wallet instead of a bank?
Yes. Touch n Go eWallet and GrabPay are paid on the registered mobile number, which suits smaller and more frequent amounts.
Is there a limit on the amount I can send?
Limits are tied to the verification level on your account, and the figure that applies is displayed in the app before confirmation.
Can I track a payment to Malaysia?
Yes. Each payout is followed in the Grey app from the point of confirmation until it has settled at the Malaysian end.
Is Grey safe for sending money to Malaysia?
Grey Inc is registered with FinCEN in the United States, and bank-grade encryption protects your balance and every transfer sent.
How do I get dollars into Grey?
Clients or an employer can pay your Grey USD account, you can wire dollars in from another bank, or use an existing balance.
What record is kept of each transfer?
The app keeps a receipt per payment showing the dollars sent, the rate applied, the fee charged and the ringgit paid out.
What if I enter the wrong account number?
Check the account number before confirming. If a payout has already gone out on wrong details, report it in the app for support to trace.
Get digital banking
at your fingertips
