How to Save Money When Transferring from Nepal to Malta

If you live or work in Malta but send money back to Nepal, you already know how costly remittances can be. According to the World Bank, average global remittance fees are still around 6%, meaning if you send €1,000, almost €60 could vanish in charges. Over a year, that adds up to hundreds of euros,  money your family could use instead.

The good news? 

With the right strategies, you can cut transfer costs, avoid hidden charges, and make sure your family gets the full amount. Here’s how to save money when making a money transfer to Nepal from Malta.

1. Compare Exchange Rates Before Sending

Many people focus only on transfer fees, but the exchange rate is where a lot of money is lost. Even a small difference,  say 1 NPR less per euro,  can mean your family receives thousands less over time.

• Always compare rates from at least 3 providers. 
   
• Avoid banks unless they match the rate of specialist remittance services. 
   
• Use online calculators to see exactly how much your recipient will get.

Some services like ACE Money Transfer lock in rates when you initiate the transfer, so you don’t lose money if the market changes before processing.

2. Choose Low-Fee or No-Fee Services

A flat €5 fee may not sound like much, but if you send money weekly, that’s €260 a year. Many providers waive fees above certain amounts or during promotions.

• Look for services offering zero-fee transfers for your first few transactions. 
   
• Avoid services that charge a percentage,  these can get expensive for larger amounts. 
   
• Consider sending slightly larger amounts less frequently to cut down per-transaction costs. 
   

3. Avoid Double Conversion Costs

If you send in euros and your family receives in NPR, you pay for just one currency conversion. But if your provider first changes euros to INR, then INR to NPR, you’ll get hit twice with conversion spreads.

• Always choose a provider that sends directly in the recipient’s currency. 
   
• Ask upfront how many conversions your money will go through.

4. Use Secure Digital Transfers Over Cash

Carrying cash or using informal agents may seem cheaper, but you risk theft, loss, or even legal issues. 
Digital transfers not only offer better rates but also tracking, proof of payment, and instant delivery options.

ACE Money Transfer offers a 4.7 Trustpilot rating and remit  funds quickly to bank accounts or cash pick-up points in Nepal.

5. Time Your Transfers

Currency markets fluctuate daily. If you’re not in a hurry, wait for a favourable exchange rate before sending.

• Use free rate alerts offered by many remittance apps. 
   
• Avoid sending during weekends or holidays when rates are less competitive.

6. Watch Out for Hidden Charges

Some services lure you in with “zero fees” but hide the cost in poor exchange rates. Always check the total cost,  not just the advertised fee.

• If a provider isn’t transparent about rates and charges, move on. 
   
• Always confirm the exact amount your recipient will get before hitting “Send.”

7. Choose the Right Payout Method

Bank transfers are often cheaper than cash pickups, but not always.

• If your family needs cash urgently, a pickup might be worth a small fee. 
   
• If they have a bank account, direct deposits can be faster and cheaper.

Quick Cost-Saving Checklist

• Compare 3+ providers before sending
•  Lock in good exchange rates
•  Avoid double conversions
•  Use secure, trusted platforms
•  Send larger amounts less often

Bottom line

By comparing rates, timing your transfers, and using a trusted service like ACE Money Transfer, you can keep more of your hard-earned money in your family’s hands instead of losing it to fees and bad rates. Over time, these small steps can save you hundreds of euros each year.  
 

FAQs

What’s the cheapest way to transfer money from Nepal to Malta?

Usually, online remittance providers like ACE Money Transfer offer lower fees and better rates than banks. They also deliver faster and with more payout options.

How can I avoid bad exchange rates?

To avoid bad exchange rates, track rates using mobile apps, sign up for alerts, and send money when rates are high. Avoid providers that don’t display rates upfront.

Is it safe to send money online from Nepal to Malta?

Yes, if you use a licensed and regulated provider like ACE Money Transfer. Check reviews, compliance with anti-fraud measures, and whether they offer tracking and customer support.