Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to LESOTHO

Data collected on: Feb 21, 2022-Feb 23, 2022
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.
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
20.4420.44
280.0340.88
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
31.7531.75
434.9863.50
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
400.0058.39
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
29.2029.20
400.0458.40
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
317.0046.28
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
23.1423.14
317.0246.28
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
200.0029.20
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
14.6014.60
200.0229.20
Shoprite Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.002.92
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.461.46
20.002.92
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.07
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
21.5321.53
294.9643.06
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
125.0018.25
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
9.129.12
124.9418.24
Total Average First Quarter
18.9118.91
Total Average Fourth Quarter 2021
17.2217.22
Total Average
Fee
259.0037.81
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
18.9118.91
Total Cost (ZAR) Total Cost (USD)
259.0037.81
Non-Transparent records
Bank account transfer Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
310.0045.45
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
9.099.09
309.9745.45
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
8.218.21
279.9641.05
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
12.7612.76
435.1263.80
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
400.0058.65
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.7311.73
399.9958.65
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
317.0046.48
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
9.309.30
317.1346.50
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
200.0029.33
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
5.875.87
200.1729.35
Shoprite Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.002.93
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.590.59
20.122.95
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.26
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
8.658.65
294.9743.25
Total Average First Quarter
8.288.28
Total Average Fourth Quarter 2021
7.607.60
Total Average
Fee
282.1341.37
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
8.288.28
Total Cost (ZAR) Total Cost (USD)
282.1841.38
Non-Transparent records
Bank account transfer Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet