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Companies for transfers from United Kingdom to Malawi
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Xoom, a PayPal service, allows you to send money in more than 160 countries. You can send cash for over-the-counter pickup or home delivery, as well as send by bank transfer or debit card."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Best option: Wise
We tested & reviewed 12 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of United Kingdom to Malawi searches, and was the top rated company supporting money transfers between GBP and MWK.
For a great mix of cost, speed & features, transfer from United Kingdom to Kwacha using Wise.
How to compare companies offering money transfers from United Kingdom to Malawi
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Malawi. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Malawi.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Get the most from sending money from United Kingdom to Malawi
Comparing providers offering services between the United Kingdom and Malawi based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire GBP-MWK market and have compared 12 providers offering services between the United Kingdom and Malawi.
This ensures you will get the most comprehensive options for sending Pound Sterling to Malawi.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific the United Kingdom to Malawi transfer needs.
Cheapest way to send money to Malawi from the United Kingdom: Dahabshiil
Data collected through our comparison over the past six months shows that Dahabshiil is 0% cheaper than the second-best option.
The cost is made up of an average fee of 1.99* GBP and an exchange rate for buying Kwacha with Pound Sterling that is -43.56% different to the mid-market rate.
If you want to secure the best rates on a United Kingdom to Malawi transfer, Dahabshiil offers value. We would still recommend searching for the amount you want to send to Malawi.
*The most common fee applied to GBP-MWK by Dahabshiil, based on data from the past six months.
Fastest money transfers from United Kingdom to Malawi: MoneyGram.
Through our comparison, we found MoneyGram to be the fastest option to transfer money from the United Kingdom to Kwacha in 71.4% of instances.
Over the last six months, sending money from the United Kingdom to Malawi through MoneyGram have an average fee of 11.5 GBP.
MoneyGram was one of 12 money transfer providers we compared for overall speed of sending money from the United Kingdom to Malawi. This speed test included depositing Pound Sterlings to an account and the average timeframe for sending money to Malawi.
When fast transfers are a priority, MoneyGram is our best choice for sending from United Kingdom to Malawi.
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to Malawi, they will keep you safe and relaxed while your money moves into MWK.
Understanding the costs involved when transferring money to Malawi from United Kingdom
When calculating the cost of sending money from the United Kingdom to Malawi, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-MWK mid-market rate is 2,194.5306 MWK per Pound Sterling. Finding a provider as close to this number as possible will ensure more Kwacha for your money.
As a comparison, the GBP-MWK mid-market rate for the past three months has averaged 2,211.9635 MWK per Pound Sterling, hitting a high of 2,252.3064 and a low of 2,175.7494.
Dahabshiil is currently offering the best exchange rate on transfers between the United Kingdom and Malawi.
Often the GBP-MWK exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Malawi.
Fees: Transfer fees are charged on top of a transfer. Dahabshiil currently offers lowest fees, at an average of 1.99 GBP 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 the United Kingdom from Malawi. The higher the total amount received in Malawi, the lower the cost of sending from the United Kingdom.
How to find the best exchange rate for Pound Sterling to Kwacha
Timing is essential for sending money between GBP and MWK. The exchange rate you secure impacts how much MWK you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to MWK has seen some fluctuation. On average, it stood at 2,211.9635.
During this period, the highest value recorded was 2,252.3064, while the lowest was 2,175.7494.
Wise, which is our recommended service to send money online from United Kingdom to Malawi offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best GBP-Kwacha exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Malawi!
Funding your United Kingdom to Malawi transfer
Bank transfers
The default option for sending money from the United Kingdom to Malawi is often a bank transfer.
Using a money transfer company such as Dahabshiil for transfers from the United Kingdom to Malawi, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 12 we tested, the cheapest provider for bank transfers from GBP to Malawi is Dahabshiil.
With an average fee of GBP1.99 to send money from the United Kingdom to Malawi, Dahabshiil offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from the United Kingdom to Malawi with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between the United Kingdom and Malawi.
Credit cards
is the best money transfer company of the 12 compared for credit card transfers from the United Kingdom to Malawi
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. 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 United Kingdom.
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 United Kingdom to Malawi.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP 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
