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With a growing number of Australian expats living in Malta and over 200,000 Maltese descendants in Australia, online money transfer services offer competitive rates for sending money between the countries.
The Maltese-Australian community counts around 200 000 members, including descendants as well as those born in Malta.It seems unlikely that such a significant number of Maltese would make Australia home, but the first Maltese people were brought as slaves or convicts in the mid-1800s. After the First World War, Maltese people arrived as immigrants. Currently, the Maltese community is concentrated in Victoria, particularly certain suburbs of Melbourne.
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Thanks to the fact that English is widely spoken in Malta, there is a sizeable Australian community settled in Malta.
As far as trade and diplomatic relations are concerned, the two countries have a lot in common thanks to their membership to the Commonwealth. Despite the distance between them, Australia and Malta continue to work on their economic relationship via the Australian-Maltese Chamber of Commerce based in Sydney.
Antonio’s parents have decided to move back to their native Malta after 35 years in Melbourne. They still own their house in La Vallette, but they’ll need help with a few renovations once resettled. Antonio will be sending money to his parents regularly, so he needs to find a cheap, effective transfer service.
| Australian Bank | Money transfer service | |
|---|---|---|
| Exchange rate | $1 = 0.6068 | $1 = 0.62€ |
| Transfer fee | $22 | $10 |
| Amount received for $500 | 290.05€ | 304€ |
| Transfer time | 3 business days | 1 to 3 business days |
| Transfer options | Bank, phone or online | Online or phone |
| Difference | + €246 |
Should Antonio choose an international money transfer service, his recipient could get an extra €246.
Back to topThanks to the growing community of Australian and other anglophone expats in Malta, there are several money transfer companies offering transfer services between Australia and Malta. Here are a few options to consider when sending money to Malta.
If you need money quickly, the best way to send it to Australia from Malta is via online money transfer. You can have money deposited directly into your bank account or collect it in person from the agency’s office or pick-up point. It’s best to go with the better-known companies like MoneyGram and Western Union - these have a wider network of agencies and pick-up points around Australia.
If you’ve suffered loss or theft while in Malta, there are a few alternatives available to get your hands on money in a hurry.
If you’re using Moneygram or Western Union to send money to Malta, here are a few locations from which you or recipient can collect the deposit.
Malta is a small, relatively safe country where most people speak English well thanks to the large community of anglophone expats. The Department of Foreign Affairs and Trade recommends a normal level of safety precautions, while remaining vigilant about pick-pocketers and bag-snatchers.
If you need to collect money, go within the opening hours and be conscious of odd characters and behaviour. Ask someone to accompany you.
Back to topDepending on the service you choose, you’ll need to supply some - if not all - of the following information:
