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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.

Converting your dollars to euros doesn’t have to be difficult. 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 Singapore 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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day SGD 50.00 0.637 EUR
3,153
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
NZD 1 1 - 2 days SGD 35.00 0.639 EUR
3,174
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 0 Same day SGD 4.99 0.632 EUR
3,158
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
SGD 2,000 1 day SGD 0.00 0.633 EUR
3,165
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
SGD 1 1 day SGD 20.00 0.639 EUR
3,184
Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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SGD 1 Same day SGD 3.99 0.636 EUR
3,178
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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SGD 200 2 days SGD 25.00 0.637 EUR
3,170
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
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SGD 5 1 - 2 days EUR 3.00 0.636 EUR
3,178
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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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 allow you to convert your funds to the appropriate currency and have it deposited 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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Foreign exchange rates explained

An exchange rate determines the value of one currency when it is exchanged for the currency in another country. The exact rate will fluctuate from day to day depending on the global economy. This is because the euro is stronger than the Singapore dollar, meaning it will yield less when converted.

What are my options for sending money to Malta from Singapore?

  • Bank transfers. Most major Singapore banks offer wire transfers to Malta.
  • Money transfer providers. Online providers like Wise 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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