Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: May 22, 2024-May 30, 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)sort ascendingTotal cost (USD)sort ascending
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
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
1.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.02
32.7732.77
448.9565.54
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
420.0061.31
0.95
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.95
31.6131.61
433.0663.22
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
381.9055.75
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
28.1328.13
385.3856.26
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0040.88
1.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.02
21.4621.46
294.0042.92
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
230.0033.58
1.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.53
18.3218.32
250.9836.64
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
High
230.0033.58
1.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.53
18.3218.32
250.9836.64
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
Medium
214.1531.26
1.61
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.61
17.2417.24
236.1934.48
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
214.1531.26
1.59
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.59
17.2217.22
235.9134.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.1531.26
1.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.55
17.1817.18
235.3734.36
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
216.0131.53
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.01
16.7816.78
229.8933.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
216.0131.53
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.01
16.7816.78
229.8933.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
216.0131.53
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.01
16.7816.78
229.8933.56
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
214.0231.24
0.96
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.96
16.5816.58
227.1533.16
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
130.0018.98
1.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.53
11.0211.02
150.9722.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
129.0018.83
0.57
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.57
9.999.99
136.8619.98
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
129.0018.83
0.57
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.57
9.999.99
136.8619.98
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
129.0018.83
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
9.679.67
132.4819.34
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
129.0018.83
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
9.679.67
132.4819.34
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
129.0018.83
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
9.679.67
132.4819.34
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
129.0018.83
0.22
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.22
9.649.64
132.0719.28
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
24.993.65
5.18
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
5.18
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.30
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
6.716.71
91.9313.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.30
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
6.716.71
91.9313.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.30
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
6.716.71
91.9313.42
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
1.29
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.29
6.116.11
83.7112.22
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
74.4110.86
0.33
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.33
5.765.76
78.9111.52
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.404.00
3.26
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.26
5.265.26
72.0610.52
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.404.00
3.26
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.26
5.265.26
72.0610.52
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.404.00
3.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.24
5.245.24
71.7910.48
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
66.009.64
-0.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
-0.06
4.764.76
65.219.52
Total Average Second Quarter
13.2813.28
Total Average First Quarter
12.6912.69
Total Average
Fee
161.6323.60
Exchange Rate Margin (%)
1.481.48
Total Cost Percent (%)
13.2813.28
Total Cost (ZAR) Total Cost (USD)
181.9126.56
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
163.0023.90
-0.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
-0.06
4.724.72
160.9523.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.2010.00
3.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.24
5.245.24
178.6826.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.4010.03
3.26
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.26
5.275.27
179.7126.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.2010.00
3.26
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.26
5.265.26
179.3726.30
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
186.5727.36
0.33
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.33
5.805.80
197.7829.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
163.0023.90
1.29
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.29
6.076.07
206.9930.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.33
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
4.534.53
154.4722.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.33
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
4.534.53
154.4722.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.33
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
4.534.53
154.4722.65
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
24.993.66
4.64
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
4.64
5.375.37
183.1226.85
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
313.0045.89
0.22
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.22
9.409.40
320.5447.00
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
313.0045.89
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
9.439.43
321.5647.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.0045.89
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
9.439.43
321.5647.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.0045.89
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
9.439.43
321.5647.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
314.0046.04
0.57
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.57
9.789.78
333.5048.90
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
314.0046.04
0.57
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.57
9.789.78
333.5048.90
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
150.0021.99
1.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.53
5.935.93
202.2129.65
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
299.6343.93
0.96
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.96
9.759.75
332.4848.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
302.4244.34
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.01
9.889.88
336.9149.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
302.4244.34
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.01
9.889.88
336.9149.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
302.4244.34
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.01
9.889.88
336.9149.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4040.82
1.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.55
9.719.71
331.1148.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
278.4040.82
1.59
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.59
9.759.75
332.4848.75
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
Medium
278.4040.82
1.61
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.61
9.779.77
333.1648.85
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
High
250.0036.66
1.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.53
8.868.86
302.1344.30
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
250.0036.66
1.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.53
8.868.86
302.1344.30
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0041.06
1.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.02
9.239.23
314.7446.15
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
381.9056.00
0.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.25
11.4511.45
390.4557.25
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
420.0061.58
0.95
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.95
13.2713.27
452.5166.35
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
1.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.02
13.7813.78
469.9068.90
Total Average Second Quarter
8.298.29
Total Average First Quarter
8.538.53
Total Average
Fee
232.7134.12
Exchange Rate Margin (%)
1.461.46
Total Cost Percent (%)
8.298.29
Total Cost (ZAR) Total Cost (USD)
282.5441.43
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet