How to send money to Malawi from UK with the best GBP-MWK rate

We’ve compared 6 companies, and found MoneyGram to be the cheapest, while TapTap Send is the fastest.

Sending £6,000 gets you MK30,043,510.8 with MoneyGram at 5007.2518 MWK per GBP, about 37.64% more than the next best option.

Best companies for GBP/MWK transfers

6 of 6 providers

Last updated on 28 October 2026

Based on 6,000 GBP transfer

Best companies for GBP/MWK transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee £303.31 1 GBP = 2305.2800 MWK +0.18% vs mid-market Recipient gets MWK 13,132,465.52 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malawi with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£303.311 GBP = 2305.2800 MWK
MWK 13,132,465.52You pay£6,000.00
Promoted

Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 2303.3081 MWK +0.27% vs mid-market Recipient gets MWK 13,819,848.44 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Malawi with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 2303.3081 MWK
MWK 13,819,848.44You pay£6,000.00

Run a live search

Showing top United Kingdom to Malawi deals for 6,000 GBP. Do a live search with your exact amount for today's best rates.
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee £0.00 1 GBP = 5007.2518 MWK -73.74% vs mid-market Recipient gets MWK 30,043,510.80 Minutes - 24 hours
Cheapest

Ways to receive money in Malawi with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
Free1 GBP = 5007.2518 MWK
MWK 30,043,510.80You pay£6,000.00
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 2526.4222 MWK
MWK 15,158,533.20You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 2284.8274 MWK
MWK 13,708,964.40You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee £0.00 1 GBP = 5007.2518 MWK -73.74% vs mid-market Recipient gets MWK 30,043,510.80 Minutes - 24 hours

Ways to receive money in Malawi with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
Free1 GBP = 5007.2518 MWK
MWK 30,043,510.80You pay£6,000.00
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 2526.4222 MWK
MWK 15,158,533.20You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 2284.8274 MWK
MWK 13,708,964.40You pay£6,004.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee £0.00 1 GBP = 5007.2518 MWK -73.74% vs mid-market Recipient gets MWK 30,043,510.80 Minutes - 24 hours

Ways to receive money in Malawi with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
Free1 GBP = 5007.2518 MWK
MWK 30,043,510.80You pay£6,000.00
Bank depositMinutes - 24 hoursAvailable via:All Banks
Free1 GBP = 2540.6586 MWK
MWK 15,243,951.60You pay£6,000.00
Cash pickupMinutes - 24 hours
£4.991 GBP = 2284.8274 MWK
MWK 13,708,964.40You pay£6,004.99
Only available via Mobile App

WorldRemit

Pay via Debit card
Fee £0.99 1 GBP = 3123.0325 MWK -29.95% vs mid-market Recipient gets MWK 18,735,103.20 Minutes - 2 days
Receive to bank account or cash pickup

Ways to receive money in Malawi with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 2 days
£0.991 GBP = 3123.0325 MWK
MWK 18,735,103.20You pay£6,000.00
Cash pickupMinutes - 2 days
£1.991 GBP = 3123.0325 MWK
MWK 18,731,980.17You pay£6,000.00
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee £0.00 1 GBP = 2303.3081 MWK +0.27% vs mid-market Recipient gets MWK 13,819,848.44 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Malawi with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 GBP = 2303.3081 MWK
MWK 13,819,848.44You pay£6,000.00

TapTap Send

Pay via Debit card
Fee £0.00 1 GBP = 2297.1140 MWK +0.54% vs mid-market Recipient gets MWK 13,782,684.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Malawi with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 GBP = 2297.1140 MWK
MWK 13,782,684.00You pay£6,000.00
Mobile moneyMinutesAvailable via:Airtel, FDH, TNM
Free1 GBP = 2297.1140 MWK
MWK 13,782,684.00You pay£6,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee £188.00 1 GBP = 2289.9871 MWK +0.85% vs mid-market Recipient gets MWK 13,309,405.19 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Malawi with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
£188.001 GBP = 2289.9871 MWK
MWK 13,309,405.19You pay£6,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Wise

Pay via Bank transfer
Fee £303.31 1 GBP = 2305.2800 MWK +0.18% vs mid-market Recipient gets MWK 13,132,465.52 Within a week
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malawi with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£303.311 GBP = 2305.2800 MWK
MWK 13,132,465.52You pay£6,000.00

Wise

Pay via Debit card
Fee £320.57 1 GBP = 2305.2800 MWK +0.18% vs mid-market Recipient gets MWK 13,092,676.39 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malawi with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£320.571 GBP = 2305.2800 MWK
MWK 13,092,676.39You pay£6,000.00

Wise

Pay via Credit card
Fee £424.13 1 GBP = 2305.2800 MWK +0.18% vs mid-market Recipient gets MWK 12,853,941.59 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Malawi with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
£424.131 GBP = 2305.2800 MWK
MWK 12,853,941.59You pay£6,000.00
How Our Results Work
Mid-market rate: 1 GBP = 2309.5438 MWK Updates every 60 minutes.

How to send money from UK to Malawi

Pick a company

For a one-off GBP transfer to Malawi, I suggest picking the cheapest option which is MoneyGram.

MoneyGram was the cheapest on 30 of the 30 days it quoted £6,000 transfers to Malawi.

On a 6,000 GBP transfer, MoneyGram delivers the most MWK.

The best option will change depending on how much you actually send, so I suggest to get the best GBP/MWK rate.

Fund your transfer

You have 3 ways to pay, including debit card, bank transfer, and credit card.

Paying from your bank is usually both cheapest and quickest, since most companies connect straight into your banking app via Open Banking.

Anywhere a debit card works, Apple Pay and Google Pay usually do too.

Verify and send

First time round you'll need to confirm your name, date of birth, address and a photo ID.

On a £6,000 transfer it's normally instant but can take a couple of hours.

Compare amounts

How much GBP are you sending to Malawi?

How much GBP you send to Malawi heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows MoneyGram was the cheapest in 100% of the transfers from £6,000 it quoted, and in 100% of all the transfers it quoted.

Cheapest service
£500-73.74%£0.00MWK 2,503,625.90with debit card to mobile wallet+MWK 1,110,840.88
£1,000-73.80%£0.00MWK 5,007,251.80with debit card to mobile wallet+MWK 2,161,458.69
£2,000-73.86%£0.00MWK 10,014,503.60with debit card to mobile wallet+MWK 3,930,487.44
£6,000This page-73.74%£0.00MWK 30,043,510.80with debit card to mobile wallet+MWK 11,157,845.13
£10,000-73.75%£0.00MWK 50,072,518.00with debit card to mobile wallet+MWK 18,568,827.33
£50,000-73.85%£0.00MWK 250,362,590.00with debit card to mobile wallet+MWK 78,775,656.93
£250,0000.20%£0.00MWK 575,999,371.64with bank transfer to bank deposit+MWK 13,179,116.80

Mid-market rate: 1 GBP = 2309.5438 MWK

GBP/MWK Exchange Rate History

Is today a good time to send money from UK to Malawi?

The cheapest way to send GBP to MWK can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's MoneyGram), across 30 days of comparisons for 6,000 GBP transfers to Malawi.

MWK received for £6,000, after fees

Wed, 28 Oct 2026Mid-market rateMWK 13,857,263.05 MoneyGram MWK 30,043,510.80MoneyGramMWK 30,043,510.80WorldRemitMWK 18,735,103.20Regency FXMWK 13,819,848.44

10m
15m
20m
25m
30m
35m
At the mid-market rateWith the cheapest optionMoneyGramWorldRemitRegency FX
Exchange rateFeeRecipient getsDifference
Mid-market rate 2296.1930 – MWK 13,777,158.20
MoneyGram Cheapest 4909.6073 £0.00 MWK 29,457,643.80 +MWK 15,680,485.60
WorldRemit 3111.5175 £0.99 MWK 18,666,024.60 +MWK 4,888,866.40
Regency FX 2289.9933 £0.00 MWK 13,739,959.88 −MWK 37,198.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 2304.7377 – MWK 13,828,426.30
MoneyGram Cheapest 4892.8420 £0.00 MWK 29,357,052.00 +MWK 15,528,625.70
Regency FX 2298.5149 £0.00 MWK 13,791,089.55 −MWK 37,336.75
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2296.8276 – MWK 13,780,965.84
MoneyGram Cheapest 4910.5964 £0.00 MWK 29,463,578.40 +MWK 15,682,612.56
Regency FX 2290.6262 £0.00 MWK 13,743,757.23 −MWK 37,208.61
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2294.5387 – MWK 13,767,231.96
MoneyGram Cheapest 4885.8141 £0.00 MWK 29,314,884.60 +MWK 15,547,652.64
Regency FX 2288.3434 £0.00 MWK 13,730,060.43 −MWK 37,171.53
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2298.9852 – MWK 13,793,911.46
MoneyGram Cheapest 4885.4442 £0.00 MWK 29,312,665.20 +MWK 15,518,753.74
Regency FX 2292.7780 £0.00 MWK 13,756,667.90 −MWK 37,243.56
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2285.6588 – MWK 13,713,952.51
MoneyGram Cheapest 4885.4442 £0.00 MWK 29,312,665.20 +MWK 15,598,712.69
WorldRemit 3111.7525 £0.99 MWK 18,667,434.37 +MWK 4,953,481.86
Regency FX 2279.4875 £0.00 MWK 13,676,924.84 −MWK 37,027.67
Exchange rateFeeRecipient getsDifference
Mid-market rate 2291.5720 – MWK 13,749,431.99
MoneyGram Cheapest 4885.4442 £0.00 MWK 29,312,665.20 +MWK 15,563,233.21
WorldRemit 3106.5825 £0.99 MWK 18,636,419.48 +MWK 4,886,987.49
Regency FX 2285.3848 £0.00 MWK 13,712,308.52 −MWK 37,123.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 2290.0040 – MWK 13,740,024.04
MoneyGram Cheapest 4889.5130 £0.00 MWK 29,337,078.00 +MWK 15,597,053.96
WorldRemit 3105.8775 £0.99 MWK 18,632,190.18 +MWK 4,892,166.14
Regency FX 2283.8210 £0.00 MWK 13,702,925.98 −MWK 37,098.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 2295.9891 – MWK 13,775,934.79
MoneyGram Cheapest 4911.4421 £0.00 MWK 29,468,652.60 +MWK 15,692,717.81
Regency FX 2289.7900 £0.00 MWK 13,738,739.77 −MWK 37,195.02
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2287.6016 – MWK 13,725,609.62
MoneyGram Cheapest 4908.1030 £0.00 MWK 29,448,618.00 +MWK 15,723,008.38
WorldRemit 3100.9425 £0.99 MWK 18,602,585.07 +MWK 4,876,975.45
Regency FX 2281.4251 £0.00 MWK 13,688,550.47 −MWK 37,059.15
Exchange rateFeeRecipient getsDifference
Mid-market rate 2288.5071 – MWK 13,731,042.39
MoneyGram Cheapest 4892.8916 £0.00 MWK 29,357,349.60 +MWK 15,626,307.21
Regency FX 2282.3281 £0.00 MWK 13,693,968.58 −MWK 37,073.81
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2296.2173 – MWK 13,777,303.55
MoneyGram Cheapest 4911.4421 £0.00 MWK 29,468,652.60 +MWK 15,691,349.05
WorldRemit 3109.9900 £0.99 MWK 18,656,861.11 +MWK 4,879,557.56
Regency FX 2290.0175 £0.00 MWK 13,740,104.83 −MWK 37,198.72
Exchange rateFeeRecipient getsDifference
Mid-market rate 2296.2173 – MWK 13,777,303.55
MoneyGram Cheapest 4911.4421 £0.00 MWK 29,468,652.60 +MWK 15,691,349.05
WorldRemit 3109.9900 £0.99 MWK 18,656,861.11 +MWK 4,879,557.56
Regency FX 2290.0175 £0.00 MWK 13,740,104.83 −MWK 37,198.72
Exchange rateFeeRecipient getsDifference
Mid-market rate 2294.8626 – MWK 13,769,175.34
MoneyGram Cheapest 4911.4421 £0.00 MWK 29,468,652.60 +MWK 15,699,477.26
WorldRemit 3114.5725 £0.99 MWK 18,684,351.57 +MWK 4,915,176.23
Regency FX 2288.6664 £0.00 MWK 13,731,998.57 −MWK 37,176.77
Exchange rateFeeRecipient getsDifference
Mid-market rate 2299.4239 – MWK 13,796,543.54
MoneyGram Cheapest 4909.9581 £0.00 MWK 29,459,748.60 +MWK 15,663,205.06
WorldRemit 3110.5775 £0.99 MWK 18,660,385.53 +MWK 4,863,841.99
Regency FX 2293.2155 £0.00 MWK 13,759,292.88 −MWK 37,250.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 2291.4873 – MWK 13,748,923.94
MoneyGram Cheapest 4920.3464 £0.00 MWK 29,522,078.40 +MWK 15,773,154.46
Regency FX 2285.3003 £0.00 MWK 13,711,801.84 −MWK 37,122.10
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2296.4368 – MWK 13,778,620.97
MoneyGram Cheapest 4946.4428 £0.00 MWK 29,678,656.80 +MWK 15,900,035.83
WorldRemit 3114.5725 £0.99 MWK 18,684,351.57 +MWK 4,905,730.60
Regency FX 2290.2364 £0.00 MWK 13,741,418.69 −MWK 37,202.28
Exchange rateFeeRecipient getsDifference
Mid-market rate 2309.8330 – MWK 13,858,998.13
MoneyGram Cheapest 4946.4428 £0.00 MWK 29,678,656.80 +MWK 15,819,658.67
Regency FX 2303.5965 £0.00 MWK 13,821,578.84 −MWK 37,419.29
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2309.0715 – MWK 13,854,428.84
MoneyGram Cheapest 4977.2184 £0.00 MWK 29,863,310.40 +MWK 16,008,881.56
Regency FX 2302.8370 £0.00 MWK 13,817,021.88 −MWK 37,406.96
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2309.0715 – MWK 13,854,428.84
MoneyGram Cheapest 4986.8363 £0.00 MWK 29,921,017.80 +MWK 16,066,588.96
WorldRemit 3131.8450 £0.99 MWK 18,787,969.47 +MWK 4,933,540.63
Regency FX 2302.8370 £0.00 MWK 13,817,021.88 −MWK 37,406.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 2318.7656 – MWK 13,912,593.34
MoneyGram Cheapest 4977.2184 £0.00 MWK 29,863,310.40 +MWK 15,950,717.06
Regency FX 2312.5049 £0.00 MWK 13,875,029.34 −MWK 37,564.00
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2325.1932 – MWK 13,951,159.49
MoneyGram Cheapest 4976.0980 £0.00 MWK 29,856,588.00 +MWK 15,905,428.51
Regency FX 2318.9152 £0.00 MWK 13,913,491.36 −MWK 37,668.13
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2318.1720 – MWK 13,909,031.75
MoneyGram Cheapest 4983.9403 £0.00 MWK 29,903,641.80 +MWK 15,994,610.05
Regency FX 2311.9129 £0.00 MWK 13,871,477.36 −MWK 37,554.39
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2325.0030 – MWK 13,950,018.07
MoneyGram Cheapest 5012.6536 £0.00 MWK 30,075,921.60 +MWK 16,125,903.53
Regency FX 2318.7255 £0.00 MWK 13,912,353.02 −MWK 37,665.05
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2318.4363 – MWK 13,910,617.70
MoneyGram Cheapest 5011.1569 £0.00 MWK 30,066,941.40 +MWK 16,156,323.70
Regency FX 2312.1765 £0.00 MWK 13,873,059.04 −MWK 37,558.66
WorldRemit No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 2317.4826 – MWK 13,904,895.71
MoneyGram Cheapest 5005.5445 £0.00 MWK 30,033,267.00 +MWK 16,128,371.29
WorldRemit 3142.8900 £0.99 MWK 18,854,228.54 +MWK 4,949,332.83
Regency FX 2311.2254 £0.00 MWK 13,867,352.50 −MWK 37,543.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 2317.4826 – MWK 13,904,895.71
MoneyGram Cheapest 5005.5445 £0.00 MWK 30,033,267.00 +MWK 16,128,371.29
WorldRemit 3142.8900 £0.99 MWK 18,854,228.54 +MWK 4,949,332.83
Regency FX 2311.2254 £0.00 MWK 13,867,352.50 −MWK 37,543.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 2309.5129 – MWK 13,857,077.38
MoneyGram Cheapest 5005.5445 £0.00 MWK 30,033,267.00 +MWK 16,176,189.62
WorldRemit 3139.2475 £0.99 MWK 18,832,377.14 +MWK 4,975,299.76
Regency FX 2303.2772 £0.00 MWK 13,819,663.27 −MWK 37,414.11
Exchange rateFeeRecipient getsDifference
Mid-market rate 2314.8539 – MWK 13,889,123.14
MoneyGram Cheapest 5007.4046 £0.00 MWK 30,044,427.60 +MWK 16,155,304.46
WorldRemit 3131.4925 £0.99 MWK 18,785,854.82 +MWK 4,896,731.68
Regency FX 2308.6038 £0.00 MWK 13,851,622.51 −MWK 37,500.63
Exchange rateFeeRecipient getsDifference
Mid-market rate 2309.5438 – MWK 13,857,263.05
MoneyGram Cheapest 5007.2518 £0.00 MWK 30,043,510.80 +MWK 16,186,247.75
WorldRemit 3123.0325 £0.99 MWK 18,735,103.20 +MWK 4,877,840.15
Regency FX 2303.3081 £0.00 MWK 13,819,848.44 −MWK 37,414.61

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more MWK per GBP than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 30 of the last 30 days.

Right now, MoneyGram pays 30,043,510.8 MWK on 6,000 GBP, which is 16,186,247.75 MWK more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 30,075,921.6 MWK.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Malawi.

We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. MoneyGramAppeared in 164 comparisons

    Cheapest every time

  2. WorldRemitAppeared in 72 comparisons

    Cheapest in 1% of them

  3. Regency FXAppeared in 104 comparisons

    Cheapest in 9% of them

Based on 196 comparisons across 7 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today MoneyGram is the cheapest and gets you the most MWK, and it was also the cheapest in 100% of the 164 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Malawi.

Ways to send money from the UK to Malawi

There are many ways to send money to Malawi from the UK, including app, online, multi-currency account, global account, in person, and broker, and more.

For small & frequent transfers

Money transfer apps

If you send small amounts back home to Malawi, say weekly or monthly, an app like MoneyGram is the easiest and cheapest way to do it.

It charges £0 in fees, has -73.74% markup, lets you save recipient details, and MWK will arrive in minutes.

Over the past month, MoneyGram was the cheapest app on 100% of the days it appeared for £6,000 transfers.

For one off transfers

Online transfers

Sending money online is good for occasional medium sized MWK transfers, around £1,000 - £5,000.

Online companies like MoneyGram often have higher limits and/or first time promos.

Of the 6 companies we compared, MoneyGram is the cheapest online service and will get you MK30,043,510.8 on a £6,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

For large transfers

Brokers

Currency brokers like Regency FX are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).

You get a dedicated account manager to handle your transfer to Malawi, and 24/7 support.

Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/MWK rate.

The markup gets better the more GBP you send, so we suggest .

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from £6,000 it quoted.

For fast money transfers

Cash transfer

Sending cash is the fastest way to send money from the UK to Malawi, but is usually a bit more expensive.

You will need to deposit £6,000 online via MoneyGram, and your recipient in Malawi will be able to collect MK30,043,510.8 in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

For spending and receiving

Multi-currency accounts

Multi-currency accounts let you hold and spend Kwacha abroad like a local.

Revolut offers the best multi-currency account.

With it, converting £6,000 to MWK will get you MK13,309,405.19 after fees.

If you don’t have MWK in your account, your GBP will auto-convert whenever you pay with Revolut in Malawi.

Once you have MWK in the account, there are no extra fees from Revolut for spending or holding it (local ATM charges may still apply).

Over the past month, it came out cheapest among multi-currency accounts on 86% of days.

For business transfers

Global accounts

Global accounts are for UK businesses making payments overseas.

For suppliers, freelancers, salaries, or invoices in Malawi, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.

Ways to fund GBP and receive MWK in Malawi

Pay-in and pay-out methods will affect how much GBP you deposit and how much MWK your recipient gets. Use the table below to see how different options change how much you pay and what they get.

The overall best and cheapest way to send £6,000 to Malawi is via MoneyGram, using a debit card to deposit GBP and mobile wallet to receive MWK.

Depositing GBP

You have 3 pay-in options for transfers to Malawi, including debit card, bank transfer, and credit card.

The cheapest pay-in option is credit card.

The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).

The most expensive deposit option is debit card.

Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.

Receiving money in Malawi

Money can reach Malawi by bank deposit, mobile money, cash pickup, and mobile wallet, and each delivery method comes with its own fees.

The cheapest way to receive money in Malawi is with mobile money on average.

Receiving cash

MoneyGram is the cheapest option for cash pickup (getting you MK30,043,510.8 on a £6,000 transfer).

Mobile wallets

You can receive MWK into a mobile wallet, which is useful since they don't need a bank account.

Mobile money

You can send money directly to a mobile number in Malawi.

and use our filters to find the company offering mobile money at the best GBP/MWK rate.

  1. 1
    Debit card Mobile wallet

    You pay £6,000.00

    MK30,043,511

    Cheapest

  2. 2
    Credit card Mobile wallet

    You pay £6,000.00

    MK30,043,511

    MK0

  3. 3
    Bank transfer Mobile wallet

    You pay £6,000.00

    MK30,043,511

    MK0

  4. 4
    Debit card Mobile money

    You pay £6,000.00

    MK18,735,103

    -MK11,308,408

  5. 5
    Debit card Cash pickup

    You pay £6,000.00

    MK18,731,980

    -MK11,311,531

Show moreShow less
  1. 6
    Bank transfer Bank deposit

    You pay £6,000.00

    MK15,243,952

    -MK14,799,559

  2. 7
    Debit card Bank deposit

    You pay £6,000.00

    MK15,158,533

    -MK14,884,978

  3. 8
    Credit card Bank deposit

    You pay £6,000.00

    MK15,158,533

    -MK14,884,978

  4. 9
    Credit card Cash pickup

    You pay £6,004.99

    MK13,708,964

    -MK16,334,546

  5. 10
    Bank transfer Cash pickup

    You pay £6,004.99

    MK13,708,964

    -MK16,334,546

Consider this when sending GBP to Malawi

There are a few nuances you should consider before sending GBP to Malawi such as limits, taxes, and safety.

Compare GBP/MWK transfer options

Right now, these are the best money transfer options for a £6,000 transfer to Malawi:

Cheapest way to send money to Malawi

The cheapest way is to use MoneyGram, pay in with a debit card and withdraw via mobile wallet. You will get MK30,043,510.8, which is 37.64% more than the next best option.

Fastest way to send money to Malawi

The fastest way is to use TapTap Send via debit card deposit and bank deposit for pay out. You get MK13,782,684 and it will arrive in minutes.

UK transfer limits

There is no legal limit and no tax on sending your own money abroad.

Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).

Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.

And on bigger GBP/MWK transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.

These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.

The transfer costs involved

Your cost is the fee plus the exchange-rate margin.

For example, sending £6,000 with MoneyGram will get you 30,043,510.8 MWK, that’s including £0 fee and -73.74% in exchange rate markup.

A bank like on the other hand, will get you MK0, that’s £ in fees but % in FX fees.

Taxes on money transfers

There is no UK tax for the act of sending money to Malawi.

And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.

Staying safe when sending abroad

Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.

The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.

Always confirm who you're really sending to before you send, because there's little recourse after.

For more information, check our guide to money transfer regulations in the UK.

How we analyse the market

We track 6 regulated companies offering money transfers from the UK to Malawi in real time.

We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.

Most GBP/MWK pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.

In the past 30 days alone, we analysed 196 comparisons across 7 amounts.

This page covers the cheapest and fastest options for GBP/MWK transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on how we work:

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.