By Mohammed Waseem
If you live in Malaysia and want to send money internationally, POS Malaysia Berhad is a very good option. They are the premier postal service provider for Malaysia and have a wide range of services offered, including international money transfer. They have over 1000 touch points across the country, which enables senders to use any of them to send money quickly.
The touch points include POS outlets, POS Minis, POS24 self-service-terminals, Post-on-Wheels mobile outlets and postal and stamp agents. They are a trusted way to send money order to 21 countries at only RM 4 per transaction. The supported countries include India, Canada, Sri Lanka, Pakistan, Singapore, South Africa, United Arab Emirates, Vietnam and few other Asian countries.
Money can also be received at POS from any of the supported countries. In most cases, the service is offered in partnership with Western Union. Western Union can be used to send money to any part of the world, but money order can be sent only to the 21 supported countries; and here, the limits are set by POS themselves.
In order to send money using Western Union, one has to visit a post office and complete the ‘send money’ form available there. After this, a money transfer control number is given to the sender which has to be communicated to the recipient. To receive money, one can provide the money transfer control number at the post office for confirmation and collect the cash without any deduction or charge.
Maximum amount that can be sent by money order has been limited based on the recipient’s country. To quote a few examples, senders can send a maximum of USD 2000 to Bangladesh, CAD 2000 to Canada, USD 1000 to Turkey, USD 1500 to Indonesia and PKR 50000 to Pakistan. To check the limits for other countries, this link can be followed.
Domestic Money Order can be used to send money locally within Malaysia. The limit applicable here, is RM 10000 and the fee chargeable is RM 2. Express Money service is also available for a fee of RM 6 per transaction.