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Overall best way: WorldRemit
WorldRemit scored the highest of the 6 money transfer companies supporting ZAR to MWK transfers.
In total, WorldRemit appeared in 94.7% of South Africa to Malawi searches.
For a great mix of cost, speed & features, we advise using WorldRemit for your South Africa to Malawi transfer.
Getting the best deal on your South Africa to Malawi transfer
- Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from South Africa to Malawi.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Africa and Malawi.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Malawi.
Summary of recent searches
Get the most from sending money from South Africa to Malawi
Comparing providers offering services between South Africa and Malawi based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire ZAR-MWK market and have compared 6 providers offering services between South Africa and Malawi.
This ensures you will get the most comprehensive options for sending Rand to Malawi.
Whilst we rate WorldRemit as the best overall for transfers between the two countries, comparing gives you the best idea for your specific South Africa to Malawi transfer needs.
Cheapest way to send money from South Africa to Malawi: WorldRemit
On average, WorldRemit fees were 22.93* ZAR per transfer and customers would expect an exchange rate between ZAR-MWK that is 6.28% different to the mid-market rate
Against the others tested, WorldRemit is 0% cheaper than the second-best option.
To secure a cheap way to transfer ZAR to Malawi, WorldRemit is our recommendation.
*The most common fee applied to ZAR-MWK by WorldRemit, based on data from the past six months.
Fastest money transfers from South Africa to Malawi: WorldRemit.
Through our comparison, we found WorldRemit to be the fastest option to transfer money from South Africa to Kwacha in 94.9% of instances.
Over the last six months, sending money from South Africa to Malawi through WorldRemit have an average fee of 22.46 ZAR.
WorldRemit was one of 6 money transfer providers we compared for overall speed of sending money from South Africa to Malawi. This speed test included depositing Rands to an account and the average timeframe for sending money to Malawi.
When fast transfers are a priority, WorldRemit is our best choice for sending from South Africa to Malawi.
Transferring large sums of money
Of the 6 money transfer companies tested, WorldRemit is the strongest option for large transfers from South Africa to Malawi.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from South Africa to Malawi can become expensive through your bank or with the wrong provider.
WorldRemit is our choice for sending large sums of money to ZAR because they offer a strong all-round product.
Understanding the costs involved when transferring money to Malawi from South Africa
When calculating the cost of sending money from South Africa to Malawi, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current ZAR-MWK mid-market rate is 96.6385 MWK per Rand. Finding a provider as close to this number as possible will ensure more Kwacha for your money.
As a comparison, the ZAR-MWK mid-market rate for the past three months has averaged 96.5815 MWK per Rand, hitting a high of 101.4246 and a low of 93.0428.
WorldRemit is currently offering the best exchange rate on transfers between South Africa and Malawi.
Often the ZAR-MWK exchange rate you receive will be the biggest factor impacting the cost of sending Rand to Malawi.
Fees: Transfer fees are charged on top of a transfer. WorldRemit currently offers lowest fees, at an average of 22.93 ZAR over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Kwacha is the biggest indicator in the total cost of sending money to South Africa from Malawi. The higher the total amount received in Malawi, the lower the cost of sending from South Africa.
How to find the best exchange rate for Rand to Kwacha
Timing is essential for sending money between ZAR and MWK. The exchange rate you secure impacts how much MWK you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from ZAR to MWK has seen some fluctuation. On average, it stood at 96.5815.
During this period, the highest value recorded was 101.4246, while the lowest was 93.0428.
WorldRemit, which is our recommended service to send money online from South Africa to Malawi offers an exchange rate that is only 6.26% above the mid-market rate.
Want to secure the best ZAR-Kwacha exchange rates?
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Payment options for South Africa to Malawi money transfers
Bank transfers
Bank transfers are usually the best and easiest way to send money from South Africa to Malawi.
By using a money transfer company such as WorldRemit for transfers from South Africa to Malawi, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.
WorldRemit is the cheapest money transfer company for bank transfers from the 6 we compared for transfers from ZAR into Malawi.With an average fee of 22.93 ZAR to send money from South Africa to Malawi, WorldRemit offers a strong combination of competitive exchange rates and lower fees.
Debit cards and prepaid options
Sending money from South Africa to Malawi with a debit or a prepaid card is available through .
is a one of the cheaper options for debit card payments for transfers from South Africa to Malawi. This cost is against a total of 6 money transfer companies offering this option.
Credit cards
When it comes to international credit card transfers from South Africa to Malawi, emerges as our top choice of the 6 companies offering this service.
Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malawi and South Africa.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Africa to Malawi.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to MWK.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
