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 10, 2019
ZAR | USD
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
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
350.0051.09
Exchange rate margin (%)
3.29
Percentage difference between market reference rate 25.27 and exchange rate charged 24.443.29
Total cost (%)
28.8328.83
Total cost (ZAR)Total cost (USD)
394.9757.66
Firm
exchange4free.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
0.000.00
Exchange rate margin (%)
2.31
Percentage difference between market reference rate 25.27 and exchange rate charged 24.692.31
Total cost (%)
2.312.31
Total cost (ZAR)Total cost (USD)
31.654.62
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
325.0047.45
Exchange rate margin (%)
2.83
Percentage difference between market reference rate 25.27 and exchange rate charged 24.562.83
Total cost (%)
26.5526.55
Total cost (ZAR)Total cost (USD)
363.7453.10
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
100.0014.60
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 25.27 and exchange rate charged 24.642.49
Total cost (%)
9.789.78
Total cost (ZAR)Total cost (USD)
133.9919.56
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
89.0012.99
Exchange rate margin (%)
2.14
Percentage difference between market reference rate 25.27 and exchange rate charged 24.732.14
Total cost (%)
8.638.63
Total cost (ZAR)Total cost (USD)
118.2317.26
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
139.6820.39
Exchange rate margin (%)
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.971.92
Total cost (%)
12.1112.11
Total cost (ZAR)Total cost (USD)
165.9124.22
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
290.2442.37
Exchange rate margin (%)
3.31
Percentage difference between market reference rate 14.24 and exchange rate charged 13.773.31
Total cost (%)
24.5024.50
Total cost (ZAR)Total cost (USD)
335.6549.00
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
139.8520.42
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.991.80
Total cost (%)
12.0112.01
Total cost (ZAR)Total cost (USD)
164.5424.02
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
3.64
Percentage difference between market reference rate 25.27 and exchange rate charged 24.353.64
Total cost (%)
8.648.64
Total cost (ZAR)Total cost (USD)
118.3717.28
Total Average Second Quarter
14.8214.82
Total Average First Quarter
14.8014.80
Total Average
Fee
166.9224.37
Exchange Rate Margin (%)
2.642.64
Total Cost Percent (%)
14.8214.82
Total Cost (ZAR) Total Cost (USD)
203.0129.64
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet
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
exchange4free.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
0.000.00
Exchange rate margin (%)
2.31
Percentage difference between market reference rate 25.27 and exchange rate charged 24.692.31
Total cost (%)
2.312.31
Total cost (ZAR)Total cost (USD)
78.7711.55
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
89.0013.05
Exchange rate margin (%)
2.14
Percentage difference between market reference rate 25.27 and exchange rate charged 24.732.14
Total cost (%)
4.754.75
Total cost (ZAR)Total cost (USD)
161.9823.75
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
100.0014.66
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 25.27 and exchange rate charged 24.642.49
Total cost (%)
5.425.42
Total cost (ZAR)Total cost (USD)
184.8227.10
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
170.5025.00
Exchange rate margin (%)
3.64
Percentage difference between market reference rate 25.27 and exchange rate charged 24.353.64
Total cost (%)
8.648.64
Total cost (ZAR)Total cost (USD)
294.6243.20
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
209.5230.72
Exchange rate margin (%)
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.971.92
Total cost (%)
8.068.06
Total cost (ZAR)Total cost (USD)
274.8540.30
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
223.7632.81
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.991.80
Total cost (%)
8.368.36
Total cost (ZAR)Total cost (USD)
285.0841.80
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
290.2442.56
Exchange rate margin (%)
3.31
Percentage difference between market reference rate 14.24 and exchange rate charged 13.773.31
Total cost (%)
11.8211.82
Total cost (ZAR)Total cost (USD)
403.0659.10
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
325.0047.65
Exchange rate margin (%)
2.83
Percentage difference between market reference rate 25.27 and exchange rate charged 24.562.83
Total cost (%)
12.3612.36
Total cost (ZAR)Total cost (USD)
421.4861.80
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
350.0051.32
Exchange rate margin (%)
3.29
Percentage difference between market reference rate 25.27 and exchange rate charged 24.443.29
Total cost (%)
13.5513.55
Total cost (ZAR)Total cost (USD)
462.0667.75
Total Average Second Quarter
8.368.36
Total Average First Quarter
8.778.77
Total Average
Fee
195.3428.64
Exchange Rate Margin (%)
2.642.64
Total Cost Percent (%)
8.368.36
Total Cost (ZAR) Total Cost (USD)
285.1941.82
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Nigeria
Least Costly Corridors From South Africa
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