Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Sep 17, 2019
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
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 coveragesort descending
Medium
Fee
350.0051.09
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
26.8326.83
Total cost (ZAR)Total cost (USD)
367.5753.66
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
250.0036.50
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
19.5319.53
Total cost (ZAR)Total cost (USD)
267.5639.06
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 coveragesort descending
Medium
Fee
27.404.00
Exchange rate margin (%)
1.02
Percentage difference between market reference rate 155.75 and exchange rate charged 154.161.02
Total cost (%)
3.023.02
Total cost (ZAR)Total cost (USD)
41.376.04
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
100.0014.60
Exchange rate margin (%)
5.67
Percentage difference between market reference rate 155.75 and exchange rate charged 146.915.67
Total cost (%)
12.9712.97
Total cost (ZAR)Total cost (USD)
177.6925.94
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
199.0429.06
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
18.1618.16
Total cost (ZAR)Total cost (USD)
248.7936.32
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 coveragesort descending
High
Fee
214.3531.29
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
19.2819.28
Total cost (ZAR)Total cost (USD)
264.1438.56
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
68.5010.00
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 155.75 and exchange rate charged 153.071.72
Total cost (%)
6.726.72
Total cost (ZAR)Total cost (USD)
92.0613.44
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
68.5010.00
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 155.75 and exchange rate charged 153.071.72
Total cost (%)
6.726.72
Total cost (ZAR)Total cost (USD)
92.0613.44
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Medium
Fee
68.5010.00
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 155.75 and exchange rate charged 153.071.72
Total cost (%)
6.726.72
Total cost (ZAR)Total cost (USD)
92.0613.44
Total Average Third Quarter
13.3313.33
Total Average Second Quarter
12.8512.85
Total Average
Fee
149.5921.84
Exchange Rate Margin (%)
2.412.41
Total Cost Percent (%)
13.3313.33
Total Cost (ZAR) Total Cost (USD)
182.5926.66
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
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 coveragesort descending
Medium
Fee
350.0051.32
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
11.5511.55
Total cost (ZAR)Total cost (USD)
393.8657.75
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
250.0036.66
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
8.628.62
Total cost (ZAR)Total cost (USD)
293.9443.10
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 coveragesort descending
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
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
100.0014.66
Exchange rate margin (%)
5.67
Percentage difference between market reference rate 155.75 and exchange rate charged 146.915.67
Total cost (%)
8.618.61
Total cost (ZAR)Total cost (USD)
293.6043.05
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
367.4653.88
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
14.4114.41
Total cost (ZAR)Total cost (USD)
491.3872.05
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 coveragesort descending
High
Fee
382.7756.12
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
14.8614.86
Total cost (ZAR)Total cost (USD)
506.7374.30
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
170.5025.00
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 155.75 and exchange rate charged 153.071.72
Total cost (%)
6.726.72
Total cost (ZAR)Total cost (USD)
229.1533.60
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
170.5025.00
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 155.75 and exchange rate charged 153.071.72
Total cost (%)
6.726.72
Total cost (ZAR)Total cost (USD)
229.1533.60
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Medium
Fee
170.5025.00
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 155.75 and exchange rate charged 153.071.72
Total cost (%)
6.726.72
Total cost (ZAR)Total cost (USD)
229.1533.60
Total Average Third Quarter
9.789.78
Total Average Second Quarter
8.078.07
Total Average
Fee
245.2235.96
Exchange Rate Margin (%)
2.582.58
Total Cost Percent (%)
9.789.78
Total Cost (ZAR) Total Cost (USD)
333.3748.88
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Tanzania
Least Costly Corridors From South Africa
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