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Consider using RemitBee if you wish to send money to Malawi from Canada.
Download the RemitBee app or visit their website to open a free account.
Key in your full name, address, and occupation. Confirm your phone number and email address.
Enter the recipient's account details, including the name of the bank (National bank of Malawi) and the account number.
Enter the amount to be transferred and check the exchange rate. Verify the transaction's successful completion. The costs associated with each payment option don't change despite the daily fluctuations in the currency rate.
All you have to do is patiently wait for a notification informing you that the transfer is complete.
Here are a few benefits of sending money to the National Bank of Malawi via Remitbee.
You can transfer money online from the convenience of your home or workplace.
Depending on the country, you can send money to your relatives or friends in minutes, hours, or at most one day.
Transactions from one secure account to another are free for $500 or more transfers.
Whether you are using their website or app, their user interface is friendly. They facilitate transfers in a matter of seconds.
Here is the information you'll need to complete your Remitbee transfer.
Provide the recipient’s full name and physical address.
Bank account number belonging to the recipient(The recipient names should match the bank account names)
The amount of money you are transferring and the reason.
Depending on the country, the IBAN, BIC(Business Identifier Code) or SWIFT.
RemitBee does not impose transfer fees, whereas other banks do. To find out if there are any fees, you must contact the recipient's bank. Only when sending less than $500 via RemitBee, should you expect to incur the following fee:
Interac Online Free E-Transfer for $2.99
Visa or Mastercard Debit $2.99+