Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Malawi to United States searches, and was the top rated company out of 2 that support MWK to USD.
So for a great mix of cost, speed & features, make your Malawi to United States transfer using Wise.
How to get the best deal on your Malawi to United States transfer
Important things to consider before sending money from Malawi to United States
Don't settle for the first option. Always compare ways to send money from Malawi to United States to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Malawi and United States.
Through this, you get a comprehensive view of all the options you have in Malawi when you need to send money to United States.
Cheapest way to send money to United States from Malawi: Wise
Data collected over the past six months show that Wise is 8.7% cheaper than the second-best option.
The MK28.45 transfer cost represents the most common fee for MWK to USD international transfers, based on data from the past six months.
If you want to secure the best rates on a MWK to United States transfer, make sure you pick Wise to send your money online.
*The most common fee applied to MWK-USD by Wise, based on data from the past six months.
Fastest way to send money from Malawi to United States: Wise
Our data shows that Wise came up as the fastest way to send money from Malawi to United States in 100% of searches. This makes them well suited to urgent MWK to USD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malawi to United States - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to United States from Malawi in 100% 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 MWK from Malawi to United States, it’s the provider that will keep you safe and relaxed while your money moves into USD.
Understanding the costs involved when moving money from Malawi to United States
When calculating the costs of money transfers between Malawi and United States, here's what really matters:
The Mid-Market Rate: Today, the MWK-USD mid-market rate equals to 0.000577 USD per Kwacha. Keep in mind that this rate fluctuates all the time.
The MWK-USD average exchange rate of the past three months has been 0.0007 USD per Kwacha, with a high of 0.0009 and a low of 0.0006.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent MWK to USD rates that are only 0% away from the average.
How to find the best exchange rate for Kwacha to US Dollar
Timing is essential sending money between MWK and USD. The exchange rate you secure impacts how much USD you get for your MWK.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MWK to USD has seen some fluctuation. On average, it stood at 0.0007.
During this period, the highest value recorded was 0.0009, while the lowest was 0.0006.
Wise, which is our recommended service to send money online from Malawi to United States offers an exchange rate that is only 0% above the mid-market rate.
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Payment methods available to fund your Malawi to United States transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Malawi.
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 Malawi to United States .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MWK to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.