Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: Jul 29, 2020
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
Disbursing network coverage
High
Fee
47.957.00
Exchange rate margin (%)
1.86
Percentage difference between market reference rate 0.69 and exchange rate charged 0.681.86
Total cost (%)
5.365.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.4310.72
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 0.69 and exchange rate charged 0.690.71
Total cost (%)
9.839.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
134.6719.66
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
118.7117.33
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.21
Total cost (%)
9.879.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
135.2219.74
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
68.4810.00
Exchange rate margin (%)
5.35
Percentage difference between market reference rate 0.69 and exchange rate charged 0.655.35
Total cost (%)
10.3510.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.8020.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
167.3424.43
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.30
Total cost (%)
13.5213.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
185.2227.04
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
295.0043.07
Exchange rate margin (%)
3.81
Percentage difference between market reference rate 0.69 and exchange rate charged 0.673.81
Total cost (%)
25.3525.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
347.3050.70
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
260.0037.96
Exchange rate margin (%)
6.77
Percentage difference between market reference rate 0.69 and exchange rate charged 0.656.77
Total cost (%)
25.7525.75
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
352.7851.50
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 (%)
8.60
Percentage difference between market reference rate 0.69 and exchange rate charged 0.638.60
Total cost (%)
31.0831.08
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
425.8062.16
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
375.0054.74
Exchange rate margin (%)
3.81
Percentage difference between market reference rate 0.69 and exchange rate charged 0.673.81
Total cost (%)
31.1931.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
427.3062.38
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
304.0144.38
Exchange rate margin (%)
9.74
Percentage difference between market reference rate 0.69 and exchange rate charged 0.629.74
Total cost (%)
31.9331.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
437.4463.86
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
370.0054.01
Exchange rate margin (%)
6.77
Percentage difference between market reference rate 0.69 and exchange rate charged 0.656.77
Total cost (%)
33.7833.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
462.7967.56
Total Average Third Quarter
20.7320.73
Total Average Second Quarter
19.9419.94
Total Average
Fee
221.7732.37
Exchange Rate Margin (%)
4.544.54
Total Cost Percent (%)
20.7320.73
Total Cost (ZAR) Total Cost (USD)
283.9841.46
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
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
119.3517.50
Exchange rate margin (%)
1.86
Percentage difference between market reference rate 0.69 and exchange rate charged 0.681.86
Total cost (%)
5.365.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
182.7826.80
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
217.5431.90
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.30
Total cost (%)
7.687.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
261.8938.40
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
231.1333.89
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.21
Total cost (%)
7.997.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
272.4639.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
311.0045.60
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 0.69 and exchange rate charged 0.690.71
Total cost (%)
9.839.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
335.2049.15
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
170.4324.99
Exchange rate margin (%)
5.35
Percentage difference between market reference rate 0.69 and exchange rate charged 0.655.35
Total cost (%)
10.3510.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
352.9451.75
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
295.0043.26
Exchange rate margin (%)
3.81
Percentage difference between market reference rate 0.69 and exchange rate charged 0.673.81
Total cost (%)
12.4612.46
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
424.8962.30
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
260.0038.12
Exchange rate margin (%)
6.77
Percentage difference between market reference rate 0.69 and exchange rate charged 0.656.77
Total cost (%)
14.4014.40
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
491.0472.00
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
High
Fee
375.0054.99
Exchange rate margin (%)
3.81
Percentage difference between market reference rate 0.69 and exchange rate charged 0.673.81
Total cost (%)
14.8114.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
505.0274.05
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
370.0054.25
Exchange rate margin (%)
6.77
Percentage difference between market reference rate 0.69 and exchange rate charged 0.656.77
Total cost (%)
17.6217.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
600.8488.10
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 (%)
8.60
Percentage difference between market reference rate 0.69 and exchange rate charged 0.638.60
Total cost (%)
17.6317.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
601.1888.15
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
304.0144.58
Exchange rate margin (%)
9.74
Percentage difference between market reference rate 0.69 and exchange rate charged 0.629.74
Total cost (%)
18.6618.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
636.3193.30
Total Average Third Quarter
12.4412.44
Total Average Second Quarter
11.6711.67
Total Average
Fee
269.2239.48
Exchange Rate Margin (%)
4.544.54
Total Cost Percent (%)
12.4412.44
Total Cost (ZAR) Total Cost (USD)
424.0562.18
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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