Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: Sep 17, 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)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
Fee
47.957.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 0.74 and exchange rate charged 0.730.73
Total cost (%)
4.234.23
Total cost (ZAR)Total cost (USD)
57.958.46
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 (%)
3.68
Percentage difference between market reference rate 0.74 and exchange rate charged 0.713.68
Total cost (%)
29.2329.23
Total cost (ZAR)Total cost (USD)
400.4558.46
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 (%)
3.68
Percentage difference between market reference rate 0.74 and exchange rate charged 0.713.68
Total cost (%)
21.9321.93
Total cost (ZAR)Total cost (USD)
300.4443.86
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 (%)
7.68
Percentage difference between market reference rate 0.74 and exchange rate charged 0.687.68
Total cost (%)
28.4828.48
Total cost (ZAR)Total cost (USD)
390.1856.96
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 (%)
2.38
Percentage difference between market reference rate 0.74 and exchange rate charged 0.722.38
Total cost (%)
9.689.68
Total cost (ZAR)Total cost (USD)
132.6219.36
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
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
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 (%)
0.01
Percentage difference between market reference rate 0.74 and exchange rate charged 0.740.01
Total cost (%)
10.0110.01
Total cost (ZAR)Total cost (USD)
137.1420.02
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 (%)
6.21
Percentage difference between market reference rate 0.74 and exchange rate charged 0.696.21
Total cost (%)
27.4027.40
Total cost (ZAR)Total cost (USD)
375.3854.80
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 (%)
7.63
Percentage difference between market reference rate 0.74 and exchange rate charged 0.687.63
Total cost (%)
30.1130.11
Total cost (ZAR)Total cost (USD)
412.5160.22
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
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 coverage
High
Fee
47.957.00
Exchange rate margin (%)
0.73
Percentage difference between market reference rate 0.74 and exchange rate charged 0.730.73
Total cost (%)
4.234.23
Total cost (ZAR)Total cost (USD)
57.958.46
Total Average Third Quarter
18.4318.43
Total Average Second Quarter
16.4116.41
Total Average
Fee
202.6829.59
Exchange Rate Margin (%)
3.643.64
Total Cost Percent (%)
18.4318.43
Total Cost (ZAR) Total Cost (USD)
252.5036.86
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
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
100.0014.66
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.74 and exchange rate charged 0.722.38
Total cost (%)
5.315.31
Total cost (ZAR)Total cost (USD)
181.0726.55
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 (%)
0.73
Percentage difference between market reference rate 0.74 and exchange rate charged 0.730.73
Total cost (%)
4.234.23
Total cost (ZAR)Total cost (USD)
144.2421.15
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 (%)
0.73
Percentage difference between market reference rate 0.74 and exchange rate charged 0.730.73
Total cost (%)
4.234.23
Total cost (ZAR)Total cost (USD)
144.2421.15
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
250.0036.66
Exchange rate margin (%)
3.68
Percentage difference between market reference rate 0.74 and exchange rate charged 0.713.68
Total cost (%)
11.0111.01
Total cost (ZAR)Total cost (USD)
375.4455.05
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
285.0041.79
Exchange rate margin (%)
7.68
Percentage difference between market reference rate 0.74 and exchange rate charged 0.687.68
Total cost (%)
16.0416.04
Total cost (ZAR)Total cost (USD)
546.9680.20
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
290.2442.56
Exchange rate margin (%)
6.21
Percentage difference between market reference rate 0.74 and exchange rate charged 0.696.21
Total cost (%)
14.7214.72
Total cost (ZAR)Total cost (USD)
501.9573.60
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 (%)
7.63
Percentage difference between market reference rate 0.74 and exchange rate charged 0.687.63
Total cost (%)
16.6616.66
Total cost (ZAR)Total cost (USD)
568.1183.30
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
341.0050.00
Exchange rate margin (%)
0.01
Percentage difference between market reference rate 0.74 and exchange rate charged 0.740.01
Total cost (%)
10.0110.01
Total cost (ZAR)Total cost (USD)
341.3450.05
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
Feesort descending
350.0051.32
Exchange rate margin (%)
3.68
Percentage difference between market reference rate 0.74 and exchange rate charged 0.713.68
Total cost (%)
13.9513.95
Total cost (ZAR)Total cost (USD)
475.7069.75
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
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 coverage
High
Feesort descending
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
Total Average Third Quarter
11.4011.40
Total Average Second Quarter
9.929.92
Total Average
Fee
264.8338.83
Exchange Rate Margin (%)
3.643.64
Total Cost Percent (%)
11.4011.40
Total Cost (ZAR) Total Cost (USD)
388.8357.01
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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