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Overall best option: Moneycorp
Of the 6 companies that support MWK to ZAR, Moneycorp offered the best combination of cost and speed.
Overall, Moneycorp appeared in 39.4% of Malawi to South Africa searches, consistently scoring as one of the best ways to send MWK to ZAR.
So for a great mix of cost, speed & features, send Kwachas to South Africa using Moneycorp.
Compare for the best deal on your Malawi to South Africa transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Malawi to South Africa.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for MWK to ZAR transfers.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Malawi to South Africa
A comparison of providers offering services between Malawi and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send Kwacha to South Africa we've compared 6 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Malawi.
Overall, we rated Moneycorp as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Malawi to South Africa.
Cheapest way to send money from Malawi to South Africa: Moneycorp
Data collected for transfers between Malawi and South Africa over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
This cost combines an average exchange rate between the Kwacha and Rand that is 1.94% different to the mid-market rate and an average fee of 0* MWK.
*The most common fee applied to MWK-ZAR by Moneycorp, based on data from the past six months.
Fastest money transfers to South Africa from Malawi: Moneycorp.
Through our research, we found Moneycorp to be the quickest way to send MWK into Rand in 42.4% of instances. For fast transfers between MWK and ZAR, Moneycorp is generally a good option.
Money transfers from Malawi to South Africa through Moneycorp have an average fee of 0 MWK.
To confirm that Moneycorp was the 'fastest' option we compared 6 money transfer providers for overall speed of sending money from Malawi to South Africa. This was made up of depositing Kwacha to a money transfer account and transfer times to South Africa.
When sending quickly is a priority, Moneycorp is our recommended choice for sending into South Africa from Malawi.
Need to make a large transfer?
Moneycorp is the best option for large transfers of the 6 providers compared.
While Moneycorp may not always be the cheapest or fastest way to send MWK from Malawi to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of sending money from Malawi to South Africa
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Malawi to South Africa.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Rand for your Kwacha. The current MWK-ZAR mid-market rate is 0.0104 ZAR per Kwacha.
This rate changes regularly so it can pay to track it. For comparison, the MWK-ZAR mid-market rate for the past three months has averaged 0.0104 ZAR per Kwacha, with a low of 0.0098 and a high of 0.0109.
Moneycorp is currently offering the best exchange rate from the 6 companies compared.
Often the MWK-ZAR exchange rate you pay is the biggest cost factor when transferring Kwachas to South Africa.
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 South Africa. Moneycorp currently has the lowest fees for transfers into ZAR 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 Rand is the biggest indicator of the total cost of sending money to South Africa from Malawi. The bigger the amount received in South Africa, the lower the overall cost of sending from Malawi.
Finding the best exchange rate for Kwacha to Rand
Timing is essential for sending money between MWK and ZAR. The exchange rate you secure impacts how much ZAR you get for your MWK.
Over the last six months, here’s what we’ve seen:
The exchange rate from MWK to ZAR averaged 0.0104 ZAR.
The highest value recorded was 0.0109 ZAR, while the lowest was 0.0098 ZAR.
There are currently 6 providers offering transfers between Malawi and South Africa close to this rate
Want to secure the best MWK-Rand exchange rates?
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Paying for your Malawi to South Africa money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Malawi to South Africa.
By using a money transfer company such as Moneycorp to send money from Malawi to South Africa, 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 South Africa.
With an average fee of MWK0 to send money from Malawi to South Africa, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malawi to South Africa with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Malawi to South Africa. This is from the 6 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Malawi to South Africa, Wise 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 South Africa 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 South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MWK to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
