Remitly vs Panda Remit: The Best Way to Send Money from the UK to Malta

Introduction

Sending money to Malta from the UK is a common need for individuals supporting family, paying tuition, or managing emergencies. Remitly send money Malta offers a secure and reliable way to transfer funds, ensuring recipients receive their money promptly. For those looking for alternatives, Panda Remit provides zero-fee first transfers and loyalty rewards for regular users.

In this guide, we will explore Remitly’s process, fees, exchange rates, delivery options, and common banks and mobile wallets in Malta, along with tips for a smooth transfer experience.

Can You Send Money to Malta with Remitly?

Yes, Remitly supports sending money to Malta. It offers various delivery options depending on the recipient’s preference:

• Bank Deposit: Funds are transferred directly to the recipient’s bank account.

• Cash Pickup: Available at selected partner locations in Malta.

• Mobile Wallet: Compatible mobile wallets may receive funds quickly.

While most urban and suburban areas in Malta are covered, some remote locations may have limited cash pickup options.

Panda Remit also offers instant transfer options for eligible transactions, providing convenience when speed is a priority.

Common Banks and Mobile Wallets in Malta

Banks:

• Bank of Valletta

• HSBC Malta

• APS Bank

• Lombard Bank Malta

• Mediterranean Bank

Mobile Wallets:

• Revolut

• PayPal

• Skrill

Having the recipient’s bank account or mobile wallet details ready ensures a smooth and successful transfer.

Step-by-Step Guide — How to Use Remitly for Malta

1. Create an Account: Sign up on Remitly UK and provide personal details.

2. Verify Your ID: Upload a valid government-issued ID for verification.

3. Select Malta as the Destination: Choose Malta from the country list.

4. Choose the Delivery Method: Bank deposit, cash pickup, or mobile wallet.

5. Enter Recipient Details: Provide accurate bank account or mobile wallet information.

6. Pay & Track Your Transfer: Complete the payment and track the transfer in real time.

Note: Panda Remit offers fully online zero-fee first transfers for new users.

Fees, Exchange Rates & Limits

Remitly charges a fixed fee along with a small exchange rate markup. Daily and monthly limits depend on the account verification level.

Remitly Table Example (GBP → EUR)

Panda Remit provides zero-fee first transfers and may offer seasonal coupon codes for additional savings.

Transfer Speed & Delivery Options

Remitly offers Express (instant) and Economy (slower) transfer options. Delivery channels include:

• Bank Deposit: Funds are sent directly to the recipient’s bank.

• Cash Pickup: Available at authorized Remitly locations.

• Mobile Wallet: Transfers to wallets such as Revolut, PayPal, and Skrill.

Panda Remit offers instant bank deposits and same-day arrivals for eligible transfers, adding convenience for urgent needs.

Useful Tips Before Sending Money

• Monitor Exchange Rates: Timing your transfer can maximize value.

• Avoid Credit Card Fees: Use bank transfers where possible.

• Verify Recipient Information: Ensure account numbers and wallet details are correct.

• Compare Providers Each Time: Check fees and speed before sending.

• Watch Promo Offers: Utilize referral bonuses, coupon rewards, and seasonal promotions.

Conclusion & Recommendation

Remitly is a trusted and widely used platform for sending money to Malta, offering multiple delivery methods and secure transfers. For those seeking cost savings, zero-fee first transfers, and loyalty rewards, Panda Remit is an excellent alternative. Both services ensure your funds reach recipients safely and efficiently.

Try Panda Remit today for secure, fast, and rewarding international transfers.