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 Zambia
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
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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 Zambia Post Nationwide
Feb 05, 2013
Product: Account to account
 Mukuru
MTO 137.00
Percentage difference between Interbank exchange rate 0.6 and exchange rate charged 0.59 1.63
11.63 159.39 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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: Cash to cash
 Mukuru
MTO 137.00
Percentage difference between Interbank exchange rate 0.6 and exchange rate charged 0.56 6.99
16.99 232.77 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 Nedbank
Bank 224.50
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 1.84
18.23 249.69 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 0.6 and exchange rate charged 0.57 3.88
20.67 283.12 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 0.6 and exchange rate charged 0.54 8.88
23.03 315.48 3-5 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 0.6 and exchange rate charged 0.55 7.31
23.73 325.12 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 0.6 and exchange rate charged 0.55 7.31
23.73 325.12 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
Bank Average 290.35
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.72
25.91 354.96
Total Average First quarter 2013
21.04
Total Average Third quarter 2012
22.93
MTO Average 119.20
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 3.81
12.51 171.41
Total Average 228.11
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.39
21.04 288.21
Total Average in Third quarter 2012 247.39
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.88
22.93 314.19

*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: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 Nedbank
Bank 224.50
Percentage difference between Interbank exchange rate 0.11 and exchange rate charged 0.11 1.84
8.42 287.21 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Credit/debit card, Cash to cash
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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 Zambia Post Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
 Standard Bank
Bank 230.00
Percentage difference between Interbank exchange rate 0.6 and exchange rate charged 0.57 3.88
10.62 362.21 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 0.6 and exchange rate charged 0.59 1.63
11.63 396.73 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 0.6 and exchange rate charged 0.55 7.31
13.91 474.22 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 0.6 and exchange rate charged 0.55 7.31
13.91 474.22 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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 0.6 and exchange rate charged 0.54 8.88
14.56 496.67 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
 Mukuru
MTO 341.00
Percentage difference between Interbank exchange rate 0.6 and exchange rate charged 0.56 6.99
16.99 579.37 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
Bank Average 290.35
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.72
13.23 451.16
Total Average First quarter 2013
12.83
Total Average Third quarter 2012
12.13
MTO Average 283.29
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 3.81
12.12 413.24
Total Average 287.78
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.39
12.83 437.37
Total Average in Third quarter 2012 247.39
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.88
12.13 413.65

*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
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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 Zambia Post 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 1.63
11.63 23.27 2 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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: Cash to cash
 Mukuru
MTO 20.00
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 6.99
16.99 33.98 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 Nedbank
Bank 32.77
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.84
18.23 36.45 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 3.88
20.67 41.33 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 8.88
23.03 46.06 3-5 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 7.31
23.73 47.46 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 7.31
23.73 47.46 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
Bank Average 42.39
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.72
25.91 51.82
Total Average First quarter 2013
21.04
Total Average Third quarter 2012
22.93
MTO Average 17.40
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 3.81
12.51 25.02
Total Average 33.30
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.39
21.04 42.07
Total Average in Third quarter 2012 36.12
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.88
22.93 45.87

*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: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 Nedbank
Bank 32.92
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 1.84
8.42 42.11 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Credit/debit card, Cash to cash
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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 Zambia Post Nationwide
Feb 05, 2013
Product: Cash to cash
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
 Standard Bank
Bank 33.72
Percentage difference between Interbank exchange rate -1.79769313486232E+308 and exchange rate charged -1.79769313486232E+308 3.88
10.62 53.11 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 1.63
11.63 58.17 2 days
Bank account in receiving country 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 7.31
13.91 69.53 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 7.31
13.91 69.53 3-5 days
Bank account in receiving country Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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 8.88
14.56 72.82 3-5 days
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 6.99
16.99 84.95 Less than one hour
Cash pick up at branches/agents; or deposit into bank account Nationwide
Feb 05, 2013
Product: Account to account
Note:This RSP sends ZAR and pays out USD in this corridor. Remittance recipients may incur an additional cost (not shown here) if and when converting USD to the local currency.
 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
Bank Average 42.57
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.72
13.23 66.15
Total Average First quarter 2013
12.83
Total Average Third quarter 2012
12.13
MTO Average 41.54
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 3.81
12.12 60.59
Total Average 42.20
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.39
12.83 64.13
Total Average in Third quarter 2012 36.27
Percentage difference between Interbank exchange rate 0 and exchange rate charged 0 4.88
12.13 60.65


Least Costly Corridors To Zambia