Can I transfer money in another currency?
Yes, most services allow you to transfer money in various currencies.
The exchange rate will be set by the service at the time of the transfer.
Can I send money from Malawi to a bank account in Italy?
Yes, many international money transfer services allow you to send money from Malawi directly to a bank account in Italy. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Italy banks.
Do I need a bank account in Malawi to send money to Italy?
Not necessarily. Many international services operating in Malawi offer cash transfers to Italy, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Malawi to Italy, an account will be required.
What is the cheapest way to transfer money?
The cost of a transfer can vary depending on the amount, chosen service, and delivery method. Online services like Wise often offer better exchange rates and lower fees than traditional banks.
