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Transfer money

Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: May 13, 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)Total cost (USD)
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
345.0050.36
Exchange rate margin (%)
3.64
Percentage difference between market reference rate 0.66 and exchange rate charged 0.633.64
Total cost (%)
28.8228.82
Total cost (ZAR)Total cost (USD)
394.8357.64
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
68.5010.00
Exchange rate margin (%)
1.75
Percentage difference between market reference rate 0.66 and exchange rate charged 0.651.75
Total cost (%)
6.756.75
Total cost (ZAR)Total cost (USD)
92.4813.50
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
185.2027.04
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
15.8915.89
Total cost (ZAR)Total cost (USD)
217.6931.78
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
125.0018.25
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.66 and exchange rate charged 0.651.30
Total cost (%)
10.4210.42
Total cost (ZAR)Total cost (USD)
142.7520.84
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 (%)
9.71
Percentage difference between market reference rate 0.66 and exchange rate charged 0.599.71
Total cost (%)
31.9031.90
Total cost (ZAR)Total cost (USD)
437.0363.80
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 (%)
9.04
Percentage difference between market reference rate 0.66 and exchange rate charged 0.609.04
Total cost (%)
31.5231.52
Total cost (ZAR)Total cost (USD)
431.8263.04
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
184.6026.95
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
13.8213.82
Total cost (ZAR)Total cost (USD)
189.3327.64
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 (%)
1.83
Percentage difference between market reference rate 0.66 and exchange rate charged 0.651.83
Total cost (%)
5.335.33
Total cost (ZAR)Total cost (USD)
73.0210.66
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 (%)
4.50
Percentage difference between market reference rate 0.66 and exchange rate charged 0.634.50
Total cost (%)
31.5131.51
Total cost (ZAR)Total cost (USD)
431.6963.02
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 (%)
4.50
Percentage difference between market reference rate 0.66 and exchange rate charged 0.634.50
Total cost (%)
23.4823.48
Total cost (ZAR)Total cost (USD)
321.6846.96
Total Average Second Quarter
19.9419.94
Total Average First Quarter
19.0119.01
Total Average
Fee
219.8232.09
Exchange Rate Margin (%)
3.903.90
Total Cost Percent (%)
19.9419.94
Total Cost (ZAR) Total Cost (USD)
273.2339.89
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
Feesort descending
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)Total cost (USD)
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
119.3517.50
Exchange rate margin (%)
1.83
Percentage difference between market reference rate 0.66 and exchange rate charged 0.651.83
Total cost (%)
5.335.33
Total cost (ZAR)Total cost (USD)
181.7526.65
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
170.5025.00
Exchange rate margin (%)
1.75
Percentage difference between market reference rate 0.66 and exchange rate charged 0.651.75
Total cost (%)
6.756.75
Total cost (ZAR)Total cost (USD)
230.1833.75
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
221.5232.48
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
6.856.85
Total cost (ZAR)Total cost (USD)
233.5934.25
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
240.7635.30
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
9.449.44
Total cost (ZAR)Total cost (USD)
321.9047.20
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
260.0038.12
Exchange rate margin (%)
4.50
Percentage difference between market reference rate 0.66 and exchange rate charged 0.634.50
Total cost (%)
12.1312.13
Total cost (ZAR)Total cost (USD)
413.6360.65
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
Feesort descending
304.0144.58
Exchange rate margin (%)
9.71
Percentage difference between market reference rate 0.66 and exchange rate charged 0.599.71
Total cost (%)
18.6318.63
Total cost (ZAR)Total cost (USD)
635.2893.15
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
Feesort descending
307.9645.16
Exchange rate margin (%)
9.04
Percentage difference between market reference rate 0.66 and exchange rate charged 0.609.04
Total cost (%)
18.0718.07
Total cost (ZAR)Total cost (USD)
616.1990.35
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
Feesort descending
310.0045.45
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.66 and exchange rate charged 0.651.30
Total cost (%)
10.3910.39
Total cost (ZAR)Total cost (USD)
354.3051.95
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
Feesort descending
345.0050.59
Exchange rate margin (%)
3.64
Percentage difference between market reference rate 0.66 and exchange rate charged 0.633.64
Total cost (%)
13.7513.75
Total cost (ZAR)Total cost (USD)
468.8868.75
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
Feesort descending
370.0054.25
Exchange rate margin (%)
4.50
Percentage difference between market reference rate 0.66 and exchange rate charged 0.634.50
Total cost (%)
15.3515.35
Total cost (ZAR)Total cost (USD)
523.4476.75
Total Average Second Quarter
11.6711.67
Total Average First Quarter
11.3411.34
Total Average
Fee
264.9138.84
Exchange Rate Margin (%)
3.903.90
Total Cost Percent (%)
11.6711.67
Total Cost (ZAR) Total Cost (USD)
397.9158.35
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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