Overall best way: Wise
We tested & reviewed 9 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 100% of United States to Malawi searches, and was the top rated company supporting payments the United States into Kwacha.
So for a great mix of cost, speed & features, make your United States to Malawi transfer using Wise.
How to compare deals on your United States to Malawi transfer
Get the most from sending money from United States to Malawi
Comparing providers offering services between the United States and Malawi based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire USD-MWK market and have compared 9 providers offering services between the United States and Malawi.
This ensures you will get the most comprehensive options for sending US Dollar 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 States to Malawi transfer needs.
Cheapest way to send money to Malawi from the United States: Revolut
They offer an average fee of 0* USD and exchange rate between USD-MWK that is 0.06% different to the mid-market rate.
In comparison, Revolut is 1.4% cheaper than the second-best option.
To secure affordable and great rates on a USD to Malawi transfer, Revolut is our recommended choice.
*The most common fee applied to USD-MWK by Revolut, based on data from the past six months.
Fastest money transfers from United States to Malawi: WorldRemit.
Through our comparison, we found WorldRemit to be the fastest option to transfer money from the United States to Kwacha in 42.9% of instances.
Over the last six months, sending money from the United States to Malawi through WorldRemit have an average fee of 2.99 USD.
WorldRemit was one of 9 money transfer providers we compared for overall speed of sending money from the United States to Malawi. This speed test included depositing US Dollars 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 United States to Malawi.
Send large sums of money
From the 9 options we compared, Wise offers the strongest all round option for large transfers to Malawi from the United States.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Kwachas to Kwacha.
As such, we recommend Wise for large transfers between Malawi and the United States.
Understanding the costs involved when transferring money to Malawi from United States
When calculating the cost of sending money from the United States to Malawi, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current USD-MWK mid-market rate is 1,734.2651 MWK per US Dollar. Finding a provider as close to this number as possible will ensure more Kwacha for your money.
As a comparison, the USD-MWK mid-market rate for the past three months has averaged 1,732.6335 MWK per US Dollar, hitting a high of 1,745.3201 and a low of 1,718.3537.
Wise is currently offering the best exchange rate on transfers between the United States and Malawi.
Often the USD-MWK exchange rate you receive will be the biggest factor impacting the cost of sending US Dollar to Malawi.
Fees: Transfer fees are charged on top of a transfer. Revolut currently offers lowest fees, at an average of 0 USD 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 States from Malawi. The higher the total amount received in Malawi, the lower the cost of sending from the United States.
How to find the best exchange rate for US Dollar to Kwacha
Timing is essential for 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 1,732.6335.
During this period, the highest value recorded was 1,745.3201, while the lowest was 1,718.3537.
Wise, which is our recommended service to send money online from United States to Malawi offers an exchange rate that is only 0% above the mid-market rate.
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United States to Malawi money transfer payment methods
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, 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 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.