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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 69.8% of United States to Malawi searches, and was the top rated company out of 7 that support USD to MWK.
So for a great mix of cost, speed & features, make your United States to Malawi transfer using Wise.
How to get the best deal on your United States to Malawi transfer
Summary of recent searches
Important things to consider before sending money from United States to Malawi
Don't settle for the first option. Always compare ways to send money from United States to Malawi to find out about fees, speed, and reliability.
Our analysis included 7 providers that operate between United States and Malawi.
Through this, you get a comprehensive view of all the options you have in United States when you need to send money to Malawi.
Cheapest way to send money to Malawi from United States: XE
Data collected over the past six months show that XE is 0.7% cheaper than the second-best option.
The $0.71 transfer cost represents the most common fee for USD to MWK international transfers, based on data from the past six months.
If you want to secure the best rates on a USD to Malawi transfer, make sure you pick XE to send your money online.
*The most common fee applied to USD-MWK by XE, based on data from the past six months.
Fastest way to send money from United States to Malawi: WorldRemit
Our data shows that WorldRemit came up as the fastest way to send money from United States to Malawi in 52.8% of searches. This makes them well suited to urgent USD to MWK money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from United States to Malawi - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, WorldRemit is your best choice at the moment. This service emerged as the quickest way to send money to Malawi from United States in 52.8% 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 USD from United States 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 United States to Malawi
When calculating the costs of money transfers between United States and Malawi, here's what really matters:
The Mid-Market Rate: Today, the USD-MWK mid-market rate equals to 1733.543733 MWK per US Dollar. Keep in mind that this rate fluctuates all the time.
The USD-MWK average exchange rate of the past three months has been 1437.3436 MWK per US Dollar, with a high of 1741.495 and a low of 1081.4976.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent USD to MWK rates that are only -1.23% away from the average.
How to find the best exchange rate for US Dollar to Kwacha
Timing is essential sending money between USD and MWK. The exchange rate you secure impacts how much MWK you get for your USD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from USD to MWK has seen some fluctuation. On average, it stood at 1437.3436.
During this period, the highest value recorded was 1741.495, while the lowest was 1081.4976.
Wise, which is our recommended service to send money online from United States to Malawi offers an exchange rate that is only -0.73% above the mid-market rate.
Want to secure the best USD-Kwacha exchange rates?
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Payment methods available to fund your United States to Malawi transfer
Bank transfers
Bank transfers are often the default option for sending money from United States to Malawi.
By using a money transfer company such as XE for transfers from United States to Malawi, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, XE is the cheapest provider for bank transfers from the 7 we tested when sending USD to Malawi.
With an average fee of USD0.62 to send money from United States to Malawi, XE offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from United States 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 United States to Malawi, competing among a total of 7 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 United States to Malawi, Wise emerges as our top choice of the 7 companies offering this service.
Our comparison engine's last six months of data on USD 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 United States.
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 United States to Malawi .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD 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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