Send money to Malawi

Best Services To Transfer Money to Malawi

Sending money to Malawi is pretty easy and straightforward. See the method below along with some services you can use.

How to send money

1. Search for money transfer services. Compare their Malawian Kwacha (MWK) exchange rate offering, fees & other charges, options for payment as well as delivery, speed, and other relevant details. It is recommended that you do this comparison each time you need to send money as many of these criteria change from time to time.
2. Select the most suitable provider and open an online account on their website. Once your account is approved, you are set.
3. Fill out the provided transfer form by supplying every detail that is relevant to the transaction like the amount, recipient’s information, and delivery method.
4. Double-check to be sure that the data you’ve supplied are accurate, just to forestall any hiccups that may otherwise occur. Then, go ahead with the payment. Using a transfer company with efficient customer support will be very good in the event of any issues.

Which Service to Use?

• Inter-bank Transfers. Most banks support direct transfer from your account to the recipient's. It is a secure method, but they often add a significantly high margin on the average market exchange rate for Malawian Kwacha (MWK) and possibly some extra charges. It is sometimes slower too.
• Cash Transfer Services. Some cash-transfer firms can arrange for cash collection in Malawi. They also offer convenience and speed. But this service may also attract exorbitant charges.
• Digital Transfers. The e-Transfer sites online are another popular and cost-effective alternative to consider as they can help you move money to anywhere on the planet. And the beneficiary can receive the money on the same day or next. These online money transfer providers will have flexible alternatives for both payment and delivery.

How to Wire Money With no Bank Account

Many Malawians have no traditional bank account. This leaves cash delivery as the most preferred option for receiving money. However, there are more residents now with a mobile wallet. So, you can also do an e transfer directly to the receiver's mobile money wallet.

How to Get Money to Malawi Fast?

How speedy a transfer will be is largely dictated by your method of funding the transaction and the recipient’s means of collecting the funds. Things may happen a little faster if cards or cash were used instead of doing a bank transfer. Additionally, if your beneficiary chooses to collect cash or mobile money, it could speed up the transfer.

How much does it cost?

The actual cost of sending money is made up of what you pay as fees or charges and the amount lost through currency conversions. A remittance service may collect zero fees but use a very unfavorable exchange rate which will result in less value of the final amount sent. You may benefit more from using a service with a higher upfront fee but gives you a very attractive currency exchange rate. It's about the final sum that gets to your recipient. Be ready to pay a little more for emergency transfers.

Picking a Platform to Send Money

Our reliable comparison tool helps you to

• Pick out a platform with suitable offers to use
• Discover very cheap means of wire transfers through (utilizing rates & charges) made available in real-time exactly what you'll spend to engage a funds transfer service to avoid the traps of hidden charges.
• Discover companies that are running promos or giving discounts and other attractions.