Sending Money FROM South Africa

The following tables show how much it costs to remit money FROM South Africa TO

FIND & COMPARE PRICES

SENDING MONEY

 		From
 To

Remitting from South Africa to Malawi
Collection Period for Go to top
ZAR|USD|

*Click on column headers to sort data
Firm Name Firm Type Fee
The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(ZAR)▲
Transfer Speed has been standardized in six broad categories. Transfer Speed
In 2008 Network Coverage information was not collected. Network Coverage
Product: Credit/debit card, Cash to cash
 Western Union
MTO 82.41
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 2.77
8.78 120.31 Less than one hour
Cash pick up at branches/agents such as Mangochi Nationwide
Feb 05, 2013
Product: Cash to cash
 MoneyGram
MTO 120.38
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 3.85
12.64 173.17 Less than one hour
Cash pick up at branches/agents such as Finance Bank Nationwide
Feb 05, 2013
Product: Account to account
 Mukuru
MTO 137.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 37.36 7.58
17.58 240.88 Same day
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
 Mukuru
MTO 137.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 37.36 7.58
17.58 240.88 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
 Nedbank
Bank 224.50
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 38.84 3.92
20.31 278.24 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Standard Bank
Bank 230.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 38.16 5.61
22.40 306.90 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 ABSA
Bank 193.80
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 36.64 9.37
23.51 322.12 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bidvest Bank
Bank 421.17
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 1.77
32.51 445.44 6 days or more
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bank of Athens
Bank 513.00
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 2.02
39.47 540.74 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 First National Bank of South Africa
Bank 225.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 28.62 29.21
45.63 625.14 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Online service
 First National Bank of South Africa
Bank 225.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 28.62 29.21
45.63 625.14 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.-This service is available only for transfers up to ZAR 2000
 South African Post Office (SAP *
Post office 41.00
Percentage difference between Interbank exchange rate 1 and exchange rate charged 1 0.00
2.99 41.00 6 days or more
Cash pick up at post office counters Nationwide
Feb 05, 2013
Bank Average 290.35
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 11.59
32.78 449.10
Total Average First quarter 2013
24.09
Total Average Third quarter 2012
21.58
MTO Average 119.20
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 5.45
14.15 193.81
Post office Average 41.00
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 0.00
2.99 41.00
Total Average 212.52
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 8.57
24.09 330.00
Total Average in Third quarter 2012 223.40
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 5.28
21.58 295.71

*Click on column headers to sort data
Firm Name Firm Type Fee
The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(ZAR)▲
Transfer Speed has been standardized in six broad categories. Transfer Speed
In 2008 Network Coverage information was not collected. Network Coverage
Product: Credit/debit card, Cash to cash
 Western Union
MTO 228.91
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 2.77
9.48 323.24 Less than one hour
Cash pick up at branches/agents such as Mangochi Nationwide
Feb 05, 2013
Product: Cash to cash
 MoneyGram
MTO 222.24
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 3.85
10.37 353.63 Less than one hour
Cash pick up at branches/agents such as Finance Bank Nationwide
Feb 05, 2013
Product: Account to account
 Nedbank
Bank 224.50
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 38.84 3.92
10.51 358.27 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Standard Bank
Bank 230.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 38.16 5.61
12.36 421.42 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bidvest Bank
Bank 421.17
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 1.77
14.12 481.59 6 days or more
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 ABSA
Bank 193.80
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 36.64 9.37
15.05 513.19 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bank of Athens
Bank 513.00
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 2.02
17.07 582.04 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Mukuru
MTO 341.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 37.36 7.58
17.58 599.56 Same day
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
 Mukuru
MTO 341.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 34.68 14.21
24.21 825.71 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
 First National Bank of South Africa
Bank 225.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 28.62 29.21
35.81 1220.98 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Online service
 First National Bank of South Africa
Bank 225.00
Percentage difference between Interbank exchange rate 40.43 and exchange rate charged 28.62 29.21
35.81 1220.98 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.-This service is available only for transfers up to ZAR 2000
 South African Post Office (SAP *
Post office --
Percentage difference between Interbank exchange rate 1 and exchange rate charged -1.79769313486232E+308 --
-- 0.00 6 days or more
Cash pick up at post office counters Nationwide
Feb 05, 2013
Bank Average 290.35
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 11.59
20.10 685.49
Total Average First quarter 2013
18.40
Total Average Third quarter 2012
13.04
MTO Average 283.29
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 7.10
15.41 525.53
Post office Average 0.00
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 0.00
0.00 0.00
Total Average 287.78
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 9.96
18.40 627.33
Total Average in Third quarter 2012 260.28
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 5.40
13.04 444.52

*Click on column headers to sort data
Firm Name Firm Type Fee
The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲
Transfer Speed has been standardized in six broad categories. Transfer Speed
In 2008 Network Coverage information was not collected. Network Coverage
Product: Credit/debit card, Cash to cash
 Western Union
MTO 12.03
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.77
8.78 17.56 Less than one hour
Cash pick up at branches/agents such as Mangochi Nationwide
Feb 05, 2013
Product: Cash to cash
 MoneyGram
MTO 17.57
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 3.85
12.64 25.28 Less than one hour
Cash pick up at branches/agents such as Finance Bank Nationwide
Feb 05, 2013
Product: Account to account
 Mukuru
MTO 20.00
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 7.58
17.58 35.16 Same day
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
 Mukuru
MTO 20.00
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 7.58
17.58 35.16 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
 Nedbank
Bank 32.77
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 3.92
20.31 40.62 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Standard Bank
Bank 33.58
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 5.61
22.40 44.80 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 ABSA
Bank 28.29
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 9.37
23.51 47.02 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bidvest Bank
Bank 61.48
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.77
32.51 65.03 6 days or more
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bank of Athens
Bank 74.89
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.02
39.47 78.94 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 First National Bank of South Africa
Bank 32.85
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 29.21
45.63 91.26 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Online service
 First National Bank of South Africa
Bank 32.85
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 29.21
45.63 91.26 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.-This service is available only for transfers up to ZAR 2000
 South African Post Office (SAP *
Post office 5.99
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 0.00
2.99 5.99 6 days or more
Cash pick up at post office counters Nationwide
Feb 05, 2013
Bank Average 42.39
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 11.59
32.78 65.56
Total Average First quarter 2013
24.09
Total Average Third quarter 2012
21.58
MTO Average 17.40
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 5.45
14.15 28.29
Post office Average 5.99
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 0.00
2.99 5.99
Total Average 31.03
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 8.57
24.09 48.17
Total Average in Third quarter 2012 32.61
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 5.28
21.58 43.17

*Click on column headers to sort data
Firm Name Firm Type Fee
The exchange rate margin is the cost resulting from the percentage difference between the current interbank exchange rate and the actual exchange rate applied to the remittance transfer. Exchange Rate Margin (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost Percent (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin. Total Cost(USD)▲
Transfer Speed has been standardized in six broad categories. Transfer Speed
In 2008 Network Coverage information was not collected. Network Coverage
Product: Credit/debit card, Cash to cash
 Western Union
MTO 33.56
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.77
9.48 47.40 Less than one hour
Cash pick up at branches/agents such as Mangochi Nationwide
Feb 05, 2013
Product: Cash to cash
 MoneyGram
MTO 32.59
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 3.85
10.37 51.85 Less than one hour
Cash pick up at branches/agents such as Finance Bank Nationwide
Feb 05, 2013
Product: Account to account
 Nedbank
Bank 32.92
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 3.92
10.51 52.53 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Standard Bank
Bank 33.72
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 5.61
12.36 61.79 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bidvest Bank
Bank 61.76
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.77
14.12 70.61 6 days or more
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 ABSA
Bank 28.42
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 9.37
15.05 75.25 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Bank of Athens
Bank 75.22
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 2.02
17.07 85.34 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
 Mukuru
MTO 50.00
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 7.58
17.58 87.91 Same day
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
 Mukuru
MTO 50.00
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 14.21
24.21 121.07 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
 First National Bank of South Africa
Bank 32.99
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 29.21
35.81 179.03 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Online service
 First National Bank of South Africa
Bank 32.99
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 29.21
35.81 179.03 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.-This service is available only for transfers up to ZAR 2000
 South African Post Office (SAP *
Post office --
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 --
-- 0.00 6 days or more
Cash pick up at post office counters Nationwide
Feb 05, 2013
Bank Average 42.57
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 11.59
20.10 100.51
Total Average First quarter 2013
18.40
Total Average Third quarter 2012
13.04
MTO Average 41.54
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 7.10
15.41 77.06
Post office Average 0.00
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 0.00
0.00 0.00
Total Average 42.20
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 9.96
18.40 91.98
Total Average in Third quarter 2012 38.16
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 5.40
13.04 65.18


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