Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to MALAWI

Data collected on: Nov 18, 2024-Dec 06, 2024
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
61.659.00
Exchange rate margin (%)
-61.95
Percentage difference between market reference rate 95.89 and exchange rate charged 155.29-61.95
Total cost (%)
-57.45-57.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-787.07-114.90
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-67.04
Percentage difference between market reference rate 96.10 and exchange rate charged 160.53-67.04
Total cost (%)
-57.04-57.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-781.45-114.08
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
25.003.65
Exchange rate margin (%)
-58.50
Percentage difference between market reference rate 95.88 and exchange rate charged 151.98-58.50
Total cost (%)
-56.68-56.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-776.52-113.36
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
25.003.65
Exchange rate margin (%)
-58.50
Percentage difference between market reference rate 95.88 and exchange rate charged 151.98-58.50
Total cost (%)
-56.68-56.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-776.52-113.36
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-63.49
Percentage difference between market reference rate 95.83 and exchange rate charged 156.68-63.49
Total cost (%)
-53.49-53.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-732.81-106.98
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-62.89
Percentage difference between market reference rate 96.11 and exchange rate charged 156.55-62.89
Total cost (%)
-52.89-52.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-724.59-105.78
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-62.85
Percentage difference between market reference rate 95.67 and exchange rate charged 155.80-62.85
Total cost (%)
-52.85-52.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-724.05-105.70
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
-62.84
Percentage difference between market reference rate 95.67 and exchange rate charged 155.79-62.84
Total cost (%)
-52.84-52.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-723.91-105.68
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
167.1424.40
Exchange rate margin (%)
-63.90
Percentage difference between market reference rate 95.52 and exchange rate charged 156.56-63.90
Total cost (%)
-51.70-51.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-708.29-103.40
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.65
Exchange rate margin (%)
-26.60
Percentage difference between market reference rate 95.75 and exchange rate charged 121.22-26.60
Total cost (%)
-24.78-24.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-339.49-49.56
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-1.29
Percentage difference between market reference rate 96.19 and exchange rate charged 97.43-1.29
Total cost (%)
0.530.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
7.261.06
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-1.29
Percentage difference between market reference rate 96.19 and exchange rate charged 97.43-1.29
Total cost (%)
0.530.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
7.261.06
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
6.03
Percentage difference between market reference rate 96.02 and exchange rate charged 90.236.03
Total cost (%)
7.857.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.5515.70
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
105.8215.45
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
13.6813.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.4227.36
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
130.0018.98
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
15.4515.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
211.6730.90
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
209.4730.58
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.050.92
Total cost (%)
16.2116.21
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
222.0832.42
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
214.0231.24
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
16.7416.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.3433.48
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
214.0231.24
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
16.7416.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.3433.48
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
214.0231.24
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
16.7416.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.3433.48
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
210.1930.68
Exchange rate margin (%)
4.98
Percentage difference between market reference rate 95.67 and exchange rate charged 90.914.98
Total cost (%)
20.3220.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
278.3840.64
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.81
Exchange rate margin (%)
1.41
Percentage difference between market reference rate 96.03 and exchange rate charged 94.671.41
Total cost (%)
20.3220.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
278.3840.64
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
210.1930.68
Exchange rate margin (%)
5.01
Percentage difference between market reference rate 95.71 and exchange rate charged 90.915.01
Total cost (%)
20.3520.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
278.8040.70
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
230.0033.58
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
22.7522.75
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
311.6845.50
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
230.0033.58
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
22.7522.75
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
311.6845.50
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
381.9055.75
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 95.60 and exchange rate charged 94.441.21
Total cost (%)
29.0929.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
398.5358.18
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
420.0061.31
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.38
Total cost (%)
33.0433.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
452.6566.08
Total Average Fourth Quarter 2024
-9.36-9.36
Total Average Third Quarter 2024
-0.93-0.93
Total Average
Fee
157.4022.98
Exchange Rate Margin (%)
-20.85-20.85
Total Cost Percent (%)
-9.36-9.36
Total Cost (ZAR) Total Cost (USD)
-128.21-18.72
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
N/AN/A
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
N/AN/A
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-68.09
Percentage difference between market reference rate 96.10 and exchange rate charged 161.54-68.09
Total cost (%)
-58.09-58.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,980.87-290.45
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
25.003.67
Exchange rate margin (%)
-58.50
Percentage difference between market reference rate 95.88 and exchange rate charged 151.98-58.50
Total cost (%)
-57.77-57.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,969.96-288.85
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
25.003.67
Exchange rate margin (%)
-58.50
Percentage difference between market reference rate 95.88 and exchange rate charged 151.98-58.50
Total cost (%)
-57.77-57.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,969.96-288.85
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
153.4522.50
Exchange rate margin (%)
-62.24
Percentage difference between market reference rate 95.89 and exchange rate charged 155.57-62.24
Total cost (%)
-57.74-57.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,968.93-288.70
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-63.49
Percentage difference between market reference rate 95.83 and exchange rate charged 156.68-63.49
Total cost (%)
-53.49-53.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,824.01-267.45
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-62.89
Percentage difference between market reference rate 96.11 and exchange rate charged 156.55-62.89
Total cost (%)
-52.89-52.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,803.55-264.45
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-62.85
Percentage difference between market reference rate 95.67 and exchange rate charged 155.80-62.85
Total cost (%)
-52.85-52.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,802.19-264.25
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
-62.84
Percentage difference between market reference rate 95.67 and exchange rate charged 155.79-62.84
Total cost (%)
-52.84-52.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,801.84-264.20
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
411.0260.27
Exchange rate margin (%)
-63.90
Percentage difference between market reference rate 95.52 and exchange rate charged 156.56-63.90
Total cost (%)
-51.85-51.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-1,768.09-259.25
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.66
Exchange rate margin (%)
-26.60
Percentage difference between market reference rate 95.75 and exchange rate charged 121.22-26.60
Total cost (%)
-25.87-25.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-882.17-129.35
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
6.03
Percentage difference between market reference rate 96.02 and exchange rate charged 90.236.03
Total cost (%)
6.766.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
230.5233.80
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.98
Exchange rate margin (%)
1.41
Percentage difference between market reference rate 96.03 and exchange rate charged 94.671.41
Total cost (%)
9.019.01
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
307.2445.05
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
293.2643.00
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.050.92
Total cost (%)
9.529.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
324.6347.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
299.6343.93
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
9.919.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.9349.55
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
299.6343.93
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
9.919.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.9349.55
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
299.6343.93
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
9.919.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.9349.55
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
150.0021.99
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
10.3610.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
353.2851.80
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
211.6531.03
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
12.1712.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
415.0060.85
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
381.9056.00
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 95.60 and exchange rate charged 94.441.21
Total cost (%)
12.4112.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
423.1862.05
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
273.2440.06
Exchange rate margin (%)
4.98
Percentage difference between market reference rate 95.67 and exchange rate charged 90.914.98
Total cost (%)
12.9912.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
442.9664.95
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
273.2440.06
Exchange rate margin (%)
5.01
Percentage difference between market reference rate 95.71 and exchange rate charged 90.915.01
Total cost (%)
13.0213.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
443.9865.10
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
13.2913.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
453.1966.45
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
250.0036.66
Exchange rate margin (%)
5.96
Percentage difference between market reference rate 95.85 and exchange rate charged 90.145.96
Total cost (%)
13.2913.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
453.1966.45
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
420.0061.58
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.38
Total cost (%)
14.7014.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
501.2773.50
Total Average Fourth Quarter 2024
-15.16-15.16
Total Average Third Quarter 2024
-5.53-5.53
Total Average
Fee
251.2836.84
Exchange Rate Margin (%)
-22.53-22.53
Total Cost Percent (%)
-15.16-15.16
Total Cost (ZAR) Total Cost (USD)
-517.06-75.81
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
Least Costly Corridors To Malawi
Least Costly Corridors From South Africa
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