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Send money from Malawi to Nigeria
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
Alternative for Malawi to Nigeria
While you can’t send MWK to NGN with Wise, you can transfer USD to USD.
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
The best way to send money from Malawi to Nigeria is using PayPal P2P transfer service.
With P2P transfers, if you and your recipient both have the PayPal app, you can send money between them.
You will initiate the transfer in MWK and your recipient will receive the NGN into their PayPal account.
The downside of this, is that PayPal charges higher fees and the withdrawal options can be limited depending.
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
Compare providers
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 3 providers providing services between Malawi and Nigeria. This ensures you will get the best options when sending Naira to Nigeria.
Over the last 7 days, we’ve picked Western Union Agent 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.
Understanding the Kwacha-Naira exchange rate
Choose the right payment method
Financial regulations
Consider transfer limits
Receiving money from Kwacha in Nigeria
Confirm the ID you need
Tax declarations
The cheapest way to send money to Nigeria from Malawi is to send cash via Western Union Agent.
Generally speaking, sending cash is more expensive than using the online transfer, however, after looking at 100+ money transfer companies, there aren’t many options servicing MWK/NGN.
The main cost is made up of the fee (around 3 MWK) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much MWK you are sending.
The fastest way to send money to Nigeria from Malawi is to use cash transfer via MoneyGram Agent
In most cases cash transfers with MoneyGram are instant, and your recipient will be able to collect NGN in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing MWK/NGN, cash transfer with MoneyGram is the fastest way.
Transfer a large sum of money
From 3 money transfer companies compared, Western Union Agent 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.
Western Union Agent 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 0.8327 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 7 days has averaged 0.8303 NGN per Kwacha, with a low of 0.8286 and a high of 0.8319.
Western Union Agent is currently offering the best exchange rate from the 3 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. Western Union Agent currently has the lowest fees for transfers into NGN of just 3 MWK. 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 week, here’s what we’ve seen:
The exchange rate from MWK to NGN averaged 0.8303 NGN.
The highest value recorded was 0.8319 NGN, while the lowest was 0.8286 NGN.
There are currently 3 providers offering transfers between Malawi and Nigeria close to this rate
Want to secure the best MWK-Naira exchange rates?
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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 Western Union Agent 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, Western Union Agent is the cheapest money transfer provider for bank transfers from the 3 we tested when sending MWK to Nigeria.
With a fee of MWK3 to send money from Malawi to Nigeria, Western Union Agent 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 Western Union Agent.
Western Union Agent is a great choice for sending money with a debit card from Malawi to Nigeria. This is from the 3 money transfer companies compared.
Credit cards
When it comes to credit card transfers from Malawi to Nigeria, we recommend comparing your options to get the best deal.
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 and review methodology.
Money transfer company reviews
