Send Money from Canada to Eco Bank, Malawi

Eco Bank, Malawi

Eco bank Transnational Incorporated(ETI) acquired Loita bank of Malawi in February 2008 and renamed it Eco bank, Malawi. The headquarters of Eco bank Malawi are in Blantyre. The bank offers a wide range of products to its customers, who are made up of the following:

Parastatals

  • Non-government organizations

  • Individuals

  • Multinational companies

  • Small and medium-scale companies

  • Large local corporates

    Eco bank is the leading pan-African bank with operations in 27 West, East, Central, and South African countries. Currently, the bank employs over 11,000 staff in over 600 branches in 27 countries. The bank also offers Eco bank regional cards, telephone, and internet banking.

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How to Send Money to Eco Bank of Malawi

At RemitBee, we make it easy for our customers to transact with us. Follow our easy process to send your money to Malawi.

  1. For a free account, download the RemitBee app or visit their website.

  2. Include your full name, mailing address, and employer. Verify your email and phone numbers.

  3. Include the bank name and account number for your recipient ensuring their names match those in the bank account.

  4. Confirm the transfer amount is also acceptable if the exchange rate is agreeable. Ensure that the transaction completes successfully. We maintain the exact transfer costs for transfers under $500 despite daily fluctuations in exchange rates.

Benefits of Sending Money Directly to Eco Bank of Malawi

There are various advantages to sending money straight from Canada to Eco Bank in Malawi.

We strictly abide by Canadian and international security regulations, so your information and money are secure with us.

  • RemitBee helps send money directly to your recipient's bank account, eliminating unnecessary delays.

  • You can send money anywhere in the world using our simple web browsers on tablets, smartphones, and other devices.

  • You get access to a more affordable method of sending money abroad. The majority of banking institutions impose hefty transfer fees.

  • The RemitBee team is always available to you if you have any questions.

The Information You’ll Need to Complete the Transfer

Before making any money transfers, you must provide RemitBee with the information below:

  1. Depending on the country, depending on the country, IBAN, BIC (Business Identifier Code), or SWIFT may be required.

  2. Specify the purpose of your transfer and the desired amount you want to send.

  3. Give the recipient's full name and mailing address.

  4. Name of the recipient's bank account (both accounts' names should be the same).

How Remitbee calculates the CAD to MWK Exchange Rate
Before you start your transfer, our app or website will let you know what the exchange rate is at that moment. Due to our daily rate monitoring, we can offer you the best exchange rates.

You can use RemitBee to send money to your recipients once you are happy with our exchange rate.

Send money to all major Banks in Malawi

How International Money Transfers Work
Instructions are transmitted via the SWIFT network, IBAN, or BIC from the sending bank to the receiving bank. Some companies, like RemitBee, allow you to make transfers online.

Our transfer rates are more favorable and competitive than other money transfer companies. Only when you transfer less than $500 do we charge.

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
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Frequently Asked Questions
You can cancel your money transfer by going to the transaction detail page and clicking the request a refund button. If you don’t see it, your transfer has reached the client’s account.

If you can’t cancel it from the homepage, you can still call customer service to check if it has reached your recipient. If you are successful in having your transfer canceled, your refund should arrive in three to four business days.
While the receiving bank or country may impose a fee, Remitbee does not charge any costs for the recipient to pick up transferred funds.

Before starting your transfer, let the recipient verify with their bank if there are any charges for receiving.

How much money you can send overall will depend on your verification level. We are actively working on adding a fourth level, even if only three exist. Here is a list of the three levels.

First level: You can send up to 50 CAD daily and 500 CAD monthly.

  • Second level: Allows daily transactions of up to 3,000 CAD and monthly transactions of up to 25,000 CAD at the second level.

  • Third level: Your daily and monthly transfers are now limited to 9,000 and 50,000 CAD, respectively.

    Higher sums than those of level three are permitted at our fourth level.

Download Remitbee Mobile App

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.
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