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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Spain to Malawi searches, and was the top rated company out of 5 that support EUR to MWK.
So for a great mix of cost, speed & features, make your Spain to Malawi transfer using Wise.
How to get the best deal on your Spain to Malawi transfer
Summary of recent searches
Important things to consider before sending money from Spain to Malawi
Don't settle for the first option. Always compare ways to send money from Spain to Malawi to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between Spain and Malawi.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Malawi.
Cheapest way to send money to Malawi from Spain: Wise
Data collected over the past six months show that Wise is 4.1% cheaper than the second-best option.
The €0.44 transfer cost represents the most common fee for EUR to MWK international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to Malawi transfer, make sure you pick Wise to send your money online.
*The most common fee applied to EUR-MWK by Wise, based on data from the past six months.
Fastest way to send money from Spain to Malawi: PayPal
Our data shows that PayPal came up as the fastest way to send money from Spain to Malawi in 66.7% of searches. This makes them well suited to urgent EUR to MWK money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to Malawi - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, PayPal is your best choice at the moment. This service emerged as the quickest way to send money to Malawi from Spain in 66.7% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send EUR from Spain to Malawi, it’s the provider that will keep you safe and relaxed while your money moves into MWK.
Understanding the costs involved when moving money from Spain to Malawi
When calculating the costs of money transfers between Spain and Malawi, here's what really matters:
The Mid-Market Rate: Today, the EUR-MWK mid-market rate equals to 1845.750697 MWK per Euro. Keep in mind that this rate fluctuates all the time.
The EUR-MWK average exchange rate of the past three months has been 1838.036 MWK per Euro, with a high of 1869.4909 and a low of 1812.8647.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent EUR to MWK rates that are only 0.06% away from the average.
How to find the best exchange rate for Euro to Kwacha
Timing is essential sending money between EUR and MWK. The exchange rate you secure impacts how much MWK you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to MWK has seen some fluctuation. On average, it stood at 1838.036.
During this period, the highest value recorded was 1869.4909, while the lowest was 1812.8647.
Wise, which is our recommended service to send money online from Spain to Malawi offers an exchange rate that is only 0.06% above the mid-market rate.
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Payment methods available to fund your Spain to Malawi transfer
Bank transfers
Bank transfers are often the default option for sending money from Spain to Malawi.
By using a money transfer company such as Wise for transfers from Spain to Malawi, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 5 we tested when sending EUR to Malawi.
With an average fee of EUR3.44 to send money from Spain to Malawi, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Spain to Malawi with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Spain to Malawi, competing among a total of 5 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from Spain to Malawi, Wise emerges as our top choice of the 5 companies offering this service.
Our comparison engine's last six months of data on EUR to MWK searches show Wise has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malawi and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Spain to Malawi .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to MWK.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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