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How to send money to Malta

Send money to Malta using an international money transfer service and you could beat the bank’s rates.

Updated

Fact checked

When you’re sending money to Malta, you don’t have to rely on the bank’s rates. Our guide will show you your other options, helping you make the best decision for you when you need to make an international money transfer from Ireland to Malta.

Compare money transfer services to Malta

Select your currency and transfer amount, and compare the fees, rates and transfer times of different providers.

Data indicated here is updated regularly
Name Product Minimum Transfer Transfer Time Transfer Fee
Azimo - Ireland
GBP 10
Instant
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
WorldRemit - Ireland
EUR 1
Same day
Varies
XE Money Transfers - Ireland
EUR 1
Same day
EUR 0
Skrill - Ireland
EUR 50
1 day
None
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Compare up to 4 providers

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How do international money transfers work?

When you need to send money to a recipient overseas, an international money transfer will deposit your funds in your recipient’s bank account or leave it available to be picked up as cash.

Money transfer companies generally charge a small fee for their services. You’ll be able to complete most transfers in a variety of ways: over the phone, online or in-person.

Banks versus money transfer companies

Although banks are useful for a large variety of financial needs, they usually aren’t the best choice for international money transfers. This is because their fees are much higher than that of a money transfer company, and they generally won’t have an optimal exchange rate for customers.

How do I compare transfer companies when sending money to Malta?

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
  • Customer service. What sort of customer support is offered and during what hours can you and your recipient get assistance?
  • Transfer options. Does the company give you the option to lock in your exchange rate now or take advantage of changing market conditions? Will you be able to schedule reoccurring payments?
  • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfer?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
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What are my options for sending money to Malta from Ireland?

  • Bank transfers. Most major Irish banks offer wire transfers to Malta.
  • Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily.
  • Transfer companies with cash pickup. Providers like Western Union and MoneyGram allow your recipient to pick up cash at one of their many global locations.
  • PayPal. If you don’t need your money converted, transferring money to your recipient’s PayPal is a quick and painless process.

Are money transfers safe?

When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. When sending money internationally, protections are in place to protect you from being scammed.

How to send money to Malta

The process of sending money to Malta is relatively simple. Once you choose a money transfer company that works for you, you’ll likely have to complete these steps:

    1. Register with the provider
    2. Enter your information
    3. Enter your recipient’s information
    4. Pay for you transfer
    5. Save the tracking number
    6. Confirm the transfer has been completed

Tips for picking up cash in Malta

Whether you’re picking up cash in Malta or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect funds is also a good idea.

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