Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to SWAZILAND

Data collected on: Feb 19, 2024-Feb 23, 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 (%)sort descending
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.
Shoprite Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25.003.65
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.821.82
24.933.64
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
30.004.38
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.192.19
30.004.38
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
150.0021.90
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.9510.95
150.0221.90
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
150.0021.90
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.9510.95
150.0221.90
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
219.8932.10
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.94
16.9916.99
232.7633.98
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
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
381.9055.75
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
27.8827.88
381.9655.76
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
420.0061.31
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
30.6630.66
420.0461.32
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
Total Average First Quarter
17.0717.07
Total Average Fourth Quarter 2023
18.3818.38
Total Average
Fee
232.4233.93
Exchange Rate Margin (%)
0.100.10
Total Cost Percent (%)
17.0717.07
Total Cost (ZAR) Total Cost (USD)
233.8634.14
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Shoprite Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25.003.67
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.730.73
24.893.65
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
30.004.40
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.880.88
30.014.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.404.40
150.0422.00
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.404.40
150.0422.00
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
307.8445.14
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.94
9.979.97
339.9849.85
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
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
381.9056.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.2011.20
381.9256.00
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
420.0061.58
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
12.3212.32
420.1161.60
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
Total Average First Quarter
7.217.21
Total Average Fourth Quarter 2023
7.827.82
Total Average
Fee
242.1935.51
Exchange Rate Margin (%)
0.100.10
Total Cost Percent (%)
7.217.21
Total Cost (ZAR) Total Cost (USD)
245.7936.04
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash