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Overall best way: Moneycorp
We tested & reviewed 6 transfer providers, and Moneycorp scored highly.
In the last six months, Moneycorp appeared in 40.9% of Malawi to Nigeria searches, and was the top rated company supporting payments Malawi into Naira.
So for a great mix of cost, speed & features, make your Malawi to Nigeria transfer using Moneycorp.
How to get the best deal on sending money from Malawi to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Malawi to Nigeria.
- Choose a provider
Select the provider that offers you the best value on buying NGN & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations when sending from Malawi to Nigeria
Comparing money transfer companies with services between Malawi and Nigeria, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 6 providers providing services between Malawi and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last six months, we’ve picked Moneycorp as the best overall provider. However, comparing based on the amount you want to send to Nigeria will provide a specific provider that’s best for transferring money from Malawi.
Cheapest way to send money to Nigeria from Malawi: Moneycorp
Data collected through our comparison over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* MWK and an exchange rate for buying Naira with Kwacha that is 1.97% different to the mid-market rate.
If you want to secure the best rates on a Malawi to Nigeria transfer, Moneycorp offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to MWK-NGN by Moneycorp, based on data from the past six months.
Fastest money transfers from Malawi to Nigeria: Moneycorp.
Through our comparison, we found Moneycorp to be the fastest option to transfer money from Malawi to Naira in 45% of instances.
Over the last six months, sending money from Malawi to Nigeria through Moneycorp have an average fee of 0 MWK.
Moneycorp was one of 6 money transfer providers we compared for overall speed of sending money from Malawi to Nigeria. This speed test included depositing Kwachas to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Moneycorp is our best choice for sending from Malawi to Nigeria.
Transfer a large sum of money
From 6 money transfer companies compared, Moneycorp is the best option for large transfers from Malawi to Nigeria.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Malawi to Nigeria can become expensive if you use a bank, or the wrong provider.
Moneycorp is the top choice for sending large sums of money to Nigeria from Malawi because they offer a strong service and competitive exchange rates.
Understanding the cost of sending money from Malawi to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Malawi to Nigeria.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Kwacha. The current MWK-NGN mid-market rate is 0.9648 NGN per Kwacha.
This rate changes regularly so it can pay to track it. For comparison, the MWK-NGN mid-market rate for the past three months has averaged 0.9028 NGN per Kwacha, with a low of 0.7705 and a high of 0.963.
Moneycorp is currently offering the best exchange rate from the 6 companies compared.
Often the MWK-NGN exchange rate you pay is the biggest cost factor when transferring Kwachas to Nigeria.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Kwacha you’re sending to Nigeria. Moneycorp currently has the lowest fees for transfers into NGN at an average of 0 MWK over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Malawi. The bigger the amount received in Nigeria, the lower the overall cost of sending from Malawi.
Finding the best exchange rate for Kwacha to Naira
Timing is essential for sending money between MWK and NGN. The exchange rate you secure impacts how much NGN you get for your MWK.
Over the last six months, here’s what we’ve seen:
The exchange rate from MWK to NGN averaged 0.9028 NGN.
The highest value recorded was 0.963 NGN, while the lowest was 0.7705 NGN.
There are currently 6 providers offering transfers between Malawi and Nigeria close to this rate
Want to secure the best MWK-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Malawi to Nigeria!
Paying for your Malawi to Nigeria money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Malawi to Nigeria.
By using a money transfer company such as Moneycorp to send money from Malawi to Nigeria, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Moneycorp is the cheapest money transfer provider for bank transfers from the 6 we tested when sending MWK to Nigeria.
With an average fee of MWK0 to send money from Malawi to Nigeria, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malawi to Nigeria with a prepaid or debit card is very easy with Instarem.
Instarem is a great choice for sending money with a debit card from Malawi to Nigeria. This is from the 6 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Malawi to Nigeria, Instarem emerges as our top choice of the 6 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally 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 Nigeria and Malawi.
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 Malawi to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MWK to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
