How to send money to Malta
Learn how to send money to Malta at the best rate with these 4 steps
1. See if the Euro exchange rate is interesting
Although the evolution of the currency market is unforseeable, it is a good idea to follow it to maximize how much you will receive against your sending currency. Track the evolution of the Euro exchange rate and make your transfer when the mid-market rate is close to its highest level of the last few days.
2. Make your choice among the more than thirty money transfer providers sending money to Malta in order to select the best deal.
Monito's comparison engine lists 37 services to make money transfers to Malta, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Get the most of your transfer by comparing all these providers and select the best deal for your upcoming money transfer.
3. Choose the best option for your transfer
Decide if you’re looking for the option with the lowest price, the quickiest transfer options, best customer reviews, or other criteria.
In addition, it is important to pay attention to the pay-in/out methods. You can have money transfer services giving you the option to transfer the money directly from your bank account, others will also give you the option to pay by credit and debit cards. On the recipient's side in Malta, select the right option, whether you need the converted amount to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your transaction to Malta with the money transfer provider you selected
Visit the money transfer provider's homepage to go through the sign-up process - be aware you will often need to upload an ID and/or a proof of adress - and set upyour money transfer to Malta.