Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: May 22, 2024-Jun 03, 2024
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
5.19
Percentage difference between market reference rate 79.98 and exchange rate charged 75.83
5.19
7.017.01
96.0414.02
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
130.0018.98
11.02
Percentage difference between market reference rate 80.86 and exchange rate charged 71.94
11.02
20.5120.51
280.9941.02
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
11.02
Percentage difference between market reference rate 80.86 and exchange rate charged 71.94
11.02
27.8127.81
381.0055.62
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
11.02
Percentage difference between market reference rate 80.86 and exchange rate charged 71.94
11.02
27.8127.81
381.0055.62
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
66.009.64
6.16
Percentage difference between market reference rate 80.03 and exchange rate charged 75.10
6.16
10.9810.98
150.4321.96
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
66.009.64
6.64
Percentage difference between market reference rate 80.44 and exchange rate charged 75.10
6.64
11.4611.46
157.0022.92
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.77
Percentage difference between market reference rate 78.73 and exchange rate charged 76.55
2.77
2.772.77
37.955.54
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.77
Percentage difference between market reference rate 78.73 and exchange rate charged 76.55
2.77
2.772.77
37.955.54
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.77
Percentage difference between market reference rate 78.73 and exchange rate charged 76.55
2.77
2.772.77
37.955.54
Nedbank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
420.0061.31
11.11
Percentage difference between market reference rate 80.33 and exchange rate charged 71.40
11.11
41.7741.77
572.2583.54
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
420.0061.31
11.11
Percentage difference between market reference rate 80.33 and exchange rate charged 71.40
11.11
41.7741.77
572.2583.54
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
214.1531.26
11.13
Percentage difference between market reference rate 80.96 and exchange rate charged 71.94
11.13
26.7626.76
366.6153.52
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
216.0131.53
4.29
Percentage difference between market reference rate 80.38 and exchange rate charged 76.93
4.29
20.0620.06
274.8240.12
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
5.57
Percentage difference between market reference rate 80.30 and exchange rate charged 75.83
5.57
7.397.39
101.2414.78
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
13.55
Percentage difference between market reference rate 80.41 and exchange rate charged 69.52
13.55
13.5513.55
185.6427.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
13.49
Percentage difference between market reference rate 80.35 and exchange rate charged 69.52
13.49
13.4913.49
184.8126.98
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
66.009.64
8.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
8.44
13.2613.26
181.6626.52
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
9.64
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.64
14.4614.46
198.1028.92
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
4.34
Percentage difference between market reference rate 80.34 and exchange rate charged 76.85
4.34
36.0936.09
494.4372.18
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
214.1531.26
0.67
Percentage difference between market reference rate 71.78 and exchange rate charged 71.30
0.67
16.3016.30
223.3132.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.1531.26
0.65
Percentage difference between market reference rate 71.76 and exchange rate charged 71.30
0.65
16.2816.28
223.0432.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
216.0131.53
4.29
Percentage difference between market reference rate 80.38 and exchange rate charged 76.93
4.29
20.0620.06
274.8240.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
216.0131.53
4.29
Percentage difference between market reference rate 80.38 and exchange rate charged 76.93
4.29
20.0620.06
274.8240.12
Total Average Second Quarter
18.0518.05
Total Average First Quarter
14.3714.37
Total Average
Fee
150.8522.02
Exchange Rate Margin (%)
7.047.04
Total Cost Percent (%)
18.0518.05
Total Cost (ZAR) Total Cost (USD)
247.3136.10
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
13.55
Percentage difference between market reference rate 80.41 and exchange rate charged 69.52
13.55
13.5513.55
462.0667.75
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
13.49
Percentage difference between market reference rate 80.35 and exchange rate charged 69.52
13.49
13.4913.49
460.0167.45
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
278.4040.82
11.13
Percentage difference between market reference rate 80.96 and exchange rate charged 71.94
11.13
19.2919.29
657.7996.45
Nedbank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
420.0061.58
11.11
Percentage difference between market reference rate 80.33 and exchange rate charged 71.40
11.11
23.4323.43
798.96117.15
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
420.0061.58
11.11
Percentage difference between market reference rate 80.33 and exchange rate charged 71.40
11.11
23.4323.43
798.96117.15
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
11.02
Percentage difference between market reference rate 80.86 and exchange rate charged 71.94
11.02
15.4215.42
525.8277.10
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
11.02
Percentage difference between market reference rate 80.86 and exchange rate charged 71.94
11.02
18.3518.35
625.7491.75
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
11.02
Percentage difference between market reference rate 80.86 and exchange rate charged 71.94
11.02
18.3518.35
625.7491.75
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
9.60
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.60
12.2112.21
416.3661.05
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
89.0013.05
8.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
8.40
11.0111.01
375.4455.05
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
50.007.33
6.64
Percentage difference between market reference rate 80.44 and exchange rate charged 75.10
6.64
8.118.11
276.5540.55
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
50.007.33
6.16
Percentage difference between market reference rate 80.03 and exchange rate charged 75.10
6.16
7.637.63
260.1838.15
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
5.57
Percentage difference between market reference rate 80.30 and exchange rate charged 75.83
5.57
6.306.30
214.8331.50
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
5.19
Percentage difference between market reference rate 79.98 and exchange rate charged 75.83
5.19
5.925.92
201.8729.60
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
4.34
Percentage difference between market reference rate 80.34 and exchange rate charged 76.85
4.34
17.1017.10
583.1185.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
302.4244.34
4.29
Percentage difference between market reference rate 80.38 and exchange rate charged 76.93
4.29
13.1613.16
448.7665.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
302.4244.34
4.29
Percentage difference between market reference rate 80.38 and exchange rate charged 76.93
4.29
13.1613.16
448.7665.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
302.4244.34
4.29
Percentage difference between market reference rate 80.38 and exchange rate charged 76.93
4.29
13.1613.16
448.7665.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.77
Percentage difference between market reference rate 78.73 and exchange rate charged 76.55
2.77
2.772.77
94.4613.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.77
Percentage difference between market reference rate 78.73 and exchange rate charged 76.55
2.77
2.772.77
94.4613.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
2.77
Percentage difference between market reference rate 78.73 and exchange rate charged 76.55
2.77
2.772.77
94.4613.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
278.4040.82
0.67
Percentage difference between market reference rate 71.78 and exchange rate charged 71.30
0.67
8.838.83
301.1044.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4040.82
0.65
Percentage difference between market reference rate 71.76 and exchange rate charged 71.30
0.65
8.818.81
300.4244.05
Total Average Second Quarter
12.1312.13
Total Average First Quarter
10.2110.21
Total Average
Fee
173.7125.47
Exchange Rate Margin (%)
7.047.04
Total Cost Percent (%)
12.1312.13
Total Cost (ZAR) Total Cost (USD)
413.6860.66
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash