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Transfer money

Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: Oct 29, 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)sort descendingTotal cost (USD)sort descending
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
47.957.00
Exchange rate margin (%)
3.59
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.59
Total cost (%)
7.097.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
97.1314.18
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
47.957.00
Exchange rate margin (%)
3.59
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.59
Total cost (%)
7.097.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
97.1314.18
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 (%)
3.22
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.22
Total cost (%)
10.5210.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
144.1221.04
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
137.0020.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 0.74 and exchange rate charged 0.740.67
Total cost (%)
10.6710.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.1821.34
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
197.1928.79
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
18.2918.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
250.5736.58
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
211.8130.92
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
19.1119.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
261.8138.22
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.50
Exchange rate margin (%)
4.16
Percentage difference between market reference rate 0.74 and exchange rate charged 0.714.16
Total cost (%)
22.4122.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
307.0244.82
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
High
Fee
285.0041.61
Exchange rate margin (%)
3.57
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.57
Total cost (%)
24.3724.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
333.8748.74
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
350.0051.09
Exchange rate margin (%)
4.16
Percentage difference between market reference rate 0.74 and exchange rate charged 0.714.16
Total cost (%)
29.7129.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
407.0359.42
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
307.9644.96
Exchange rate margin (%)
8.50
Percentage difference between market reference rate 0.74 and exchange rate charged 0.688.50
Total cost (%)
30.9830.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
424.4361.96
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
290.2442.37
Exchange rate margin (%)
10.46
Percentage difference between market reference rate 0.74 and exchange rate charged 0.6710.46
Total cost (%)
31.6531.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
433.6163.30
Total Average Fourth Quarter 2019
19.2619.26
Total Average Third Quarter 2019
18.4318.43
Total Average
Fee
202.2829.53
Exchange Rate Margin (%)
4.504.50
Total Cost Percent (%)
19.2619.26
Total Cost (ZAR) Total Cost (USD)
263.9038.53
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 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)sort descendingTotal cost (USD)sort descending
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 (%)
3.22
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.22
Total cost (%)
6.156.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
209.7230.75
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
119.3517.50
Exchange rate margin (%)
3.59
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.59
Total cost (%)
7.097.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
241.7735.45
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
119.3517.50
Exchange rate margin (%)
3.59
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.59
Total cost (%)
7.097.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
241.7735.45
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
341.0050.00
Exchange rate margin (%)
0.67
Percentage difference between market reference rate 0.74 and exchange rate charged 0.740.67
Total cost (%)
10.6710.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
363.8553.35
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
4.16
Percentage difference between market reference rate 0.74 and exchange rate charged 0.714.16
Total cost (%)
11.5011.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
392.1557.50
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
High
Fee
285.0041.79
Exchange rate margin (%)
3.57
Percentage difference between market reference rate 0.74 and exchange rate charged 0.723.57
Total cost (%)
11.9311.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
406.8159.65
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
350.0051.32
Exchange rate margin (%)
4.16
Percentage difference between market reference rate 0.74 and exchange rate charged 0.714.16
Total cost (%)
14.4314.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
492.0672.15
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
364.0453.38
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
14.5814.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
497.1872.90
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
378.2355.46
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
14.7414.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
502.6373.70
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
307.9645.16
Exchange rate margin (%)
8.50
Percentage difference between market reference rate 0.74 and exchange rate charged 0.688.50
Total cost (%)
17.5317.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
597.7787.65
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
290.2442.56
Exchange rate margin (%)
10.46
Percentage difference between market reference rate 0.74 and exchange rate charged 0.6710.46
Total cost (%)
18.9718.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
646.8894.85
Total Average Fourth Quarter 2019
12.2412.24
Total Average Third Quarter 2019
11.4011.40
Total Average
Fee
264.1138.73
Exchange Rate Margin (%)
4.504.50
Total Cost Percent (%)
12.2412.24
Total Cost (ZAR) Total Cost (USD)
417.5161.22
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Botswana
Least Costly Corridors From South Africa
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