Need to send money to Malawi? Are you considering a bank wire to transfer the money to Malawi? Before you ask your bank to organise it, be sure to check the wire transfer fees. You might get a shock as to how much the fees and charges will be and depending on the transfer amount, it might be better to send the money by other means.
What can make it even more costly is in addition to your financial institution imposing a fee for sending the money to a place in Malawi, the individual receiving the money transfer will possibly also incur a fee from the bank at their end. One way to reduce the likelihood of the fee is to remit the international wire transfer in the currency of their bank account.
To initiate a bank wire transfer to Malawi, you might require a SWIFT code. These are unique for each bank and based on things such as the individual banking institution and country.
Bank wire details for Malawi
- Country – Malawi
- SWIFT Country Code – MW
- Central Bank Name – Reserve Bank of Malawi
- Currency – Kwacha
- Currency Code – MWK