Remittance Prices Worldwide

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From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: May 13, 2020
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Feesort descending
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)Total cost (USD)
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
28.504.16
Exchange rate margin (%)
5.57
Percentage difference between market reference rate 21.07 and exchange rate charged 19.905.57
Total cost (%)
7.657.65
Total cost (ZAR)Total cost (USD)
104.8115.30
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Feesort descending
43.166.30
Exchange rate margin (%)
3.99
Percentage difference between market reference rate 21.07 and exchange rate charged 20.233.99
Total cost (%)
7.147.14
Total cost (ZAR)Total cost (USD)
97.8214.28
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
66.009.64
Exchange rate margin (%)
-6.88
Percentage difference between market reference rate 21.07 and exchange rate charged 22.52-6.88
Total cost (%)
-2.06-2.06
Total cost (ZAR)Total cost (USD)
-28.22-4.12
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Feesort descending
68.5010.00
Exchange rate margin (%)
5.54
Percentage difference between market reference rate 21.07 and exchange rate charged 19.905.54
Total cost (%)
10.5410.54
Total cost (ZAR)Total cost (USD)
144.4021.08
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
100.0014.60
Exchange rate margin (%)
3.30
Percentage difference between market reference rate 21.07 and exchange rate charged 20.383.30
Total cost (%)
10.6010.60
Total cost (ZAR)Total cost (USD)
145.2221.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
184.6026.95
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
13.8213.82
Total cost (ZAR)Total cost (USD)
189.3327.64
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
185.2027.04
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
15.8915.89
Total cost (ZAR)Total cost (USD)
217.6931.78
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
304.0144.38
Exchange rate margin (%)
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.42
Total cost (%)
24.6124.61
Total cost (ZAR)Total cost (USD)
337.1649.22
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
345.0050.36
Exchange rate margin (%)
5.64
Percentage difference between market reference rate 21.07 and exchange rate charged 19.885.64
Total cost (%)
30.8230.82
Total cost (ZAR)Total cost (USD)
422.2361.64
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
370.0054.01
Exchange rate margin (%)
3.34
Percentage difference between market reference rate 21.07 and exchange rate charged 20.373.34
Total cost (%)
30.3530.35
Total cost (ZAR)Total cost (USD)
415.8060.70
Total Average Second Quarter
14.9414.94
Total Average First Quarter
16.9616.96
Total Average
Fee
169.5024.74
Exchange Rate Margin (%)
2.572.57
Total Cost Percent (%)
14.9414.94
Total Cost (ZAR) Total Cost (USD)
204.6229.87
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 3-5 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)Total cost (USD)
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
89.0013.05
Exchange rate margin (%)
-6.88
Percentage difference between market reference rate 21.07 and exchange rate charged 22.52-6.88
Total cost (%)
-4.27-4.27
Total cost (ZAR)Total cost (USD)
-145.61-21.35
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (ZAR)Total cost (USD)
N/AN/A
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
28.504.18
Exchange rate margin (%)
5.57
Percentage difference between market reference rate 21.07 and exchange rate charged 19.905.57
Total cost (%)
6.416.41
Total cost (ZAR)Total cost (USD)
218.5832.05
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
170.5025.00
Exchange rate margin (%)
5.54
Percentage difference between market reference rate 21.07 and exchange rate charged 19.905.54
Total cost (%)
10.5410.54
Total cost (ZAR)Total cost (USD)
359.4152.70
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
3.30
Percentage difference between market reference rate 21.07 and exchange rate charged 20.383.30
Total cost (%)
6.236.23
Total cost (ZAR)Total cost (USD)
212.4431.15
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
221.5232.48
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
6.856.85
Total cost (ZAR)Total cost (USD)
233.5934.25
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
240.7635.30
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
9.449.44
Total cost (ZAR)Total cost (USD)
321.9047.20
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
304.0144.58
Exchange rate margin (%)
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.42
Total cost (%)
11.3411.34
Total cost (ZAR)Total cost (USD)
386.6956.70
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
370.0054.25
Exchange rate margin (%)
3.34
Percentage difference between market reference rate 21.07 and exchange rate charged 20.373.34
Total cost (%)
14.2014.20
Total cost (ZAR)Total cost (USD)
484.2271.00
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
345.0050.59
Exchange rate margin (%)
5.64
Percentage difference between market reference rate 21.07 and exchange rate charged 19.885.64
Total cost (%)
15.7515.75
Total cost (ZAR)Total cost (USD)
537.0878.75
Total Average Second Quarter
8.508.50
Total Average First Quarter
11.2211.22
Total Average
Fee
207.7030.45
Exchange Rate Margin (%)
2.412.41
Total Cost Percent (%)
8.508.50
Total Cost (ZAR) Total Cost (USD)
289.8142.49
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Nigeria
Least Costly Corridors From South Africa
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