Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ANGOLA

Data collected on: May 26, 2021-Jun 09, 2021
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
178.5726.07
0.69
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.69
13.7213.72
187.9627.44
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.07
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
23.5723.57
322.9147.14
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
410.0059.85
0.87
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.87
30.8030.80
421.9661.60
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.86
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.86
21.2921.29
291.6742.58
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
157.5523.00
2.07
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.07
13.5713.57
185.9127.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
160.3123.40
1.27
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.27
12.9712.97
177.6925.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
160.8023.47
1.25
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.25
12.9912.99
177.9625.98
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
504.4073.64
3.29
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.29
40.1140.11
549.5180.22
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
156.5022.85
1.45
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.45
12.8712.87
176.3225.74
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
400.0058.39
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
31.2431.24
427.9962.48
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
0.66
Percentage difference between market reference rate 47.59 and exchange rate charged 47.28
0.66
7.967.96
109.0515.92
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
179.0126.13
2.46
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.46
15.5215.52
212.6231.04
Total Average Second Quarter
19.7219.72
Total Average First Quarter
21.0021.00
Total Average
Fee
248.5136.28
Exchange Rate Margin (%)
1.581.58
Total Cost Percent (%)
19.7219.72
Total Cost (ZAR) Total Cost (USD)
270.1339.43
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
0.66
Percentage difference between market reference rate 47.59 and exchange rate charged 47.28
0.66
3.593.59
122.4217.95
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
178.5726.18
0.69
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.69
5.925.92
201.8729.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
157.5523.10
2.07
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.07
6.696.69
228.1333.45
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
179.0126.25
2.46
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.46
7.717.71
262.9138.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
246.0636.08
1.27
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.27
8.488.48
289.1742.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
246.8236.19
1.25
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.25
8.498.49
289.5142.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
240.4935.26
1.45
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.45
8.508.50
289.8542.50
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.86
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.86
9.079.07
309.2945.35
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.26
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
10.6910.69
364.5353.45
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
410.0060.12
0.87
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.87
12.9012.90
439.8964.50
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
400.0058.65
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
13.7713.77
469.5668.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
592.3486.85
3.29
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.29
20.6620.66
704.51103.30
Total Average Second Quarter
9.719.71
Total Average First Quarter
9.979.97
Total Average
Fee
277.1540.64
Exchange Rate Margin (%)
1.581.58
Total Cost Percent (%)
9.719.71
Total Cost (ZAR) Total Cost (USD)
330.9748.53
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet