Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: May 10, 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 (%)
1.76
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.76
Total cost (%)
5.265.26
Total cost (ZAR)Total cost (USD)
72.0610.52
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 0.75 and exchange rate charged 0.723.68
Total cost (%)
29.2229.22
Total cost (ZAR)Total cost (USD)
400.3158.44
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
47.947.00
Exchange rate margin (%)
1.76
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.76
Total cost (%)
5.265.26
Total cost (ZAR)Total cost (USD)
72.0610.52
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 0.75 and exchange rate charged 0.723.68
Total cost (%)
21.9221.92
Total cost (ZAR)Total cost (USD)
300.3043.84
Firm
exchange4free.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
4.97
Percentage difference between market reference rate 0.75 and exchange rate charged 0.714.97
Total cost (%)
4.974.97
Total cost (ZAR)Total cost (USD)
68.099.94
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
325.0047.45
Exchange rate margin (%)
2.62
Percentage difference between market reference rate 0.75 and exchange rate charged 0.732.62
Total cost (%)
26.3426.34
Total cost (ZAR)Total cost (USD)
360.8652.68
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 (%)
1.36
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.36
Total cost (%)
8.668.66
Total cost (ZAR)Total cost (USD)
118.6417.32
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
139.6820.39
Exchange rate margin (%)
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.971.92
Total cost (%)
12.1112.11
Total cost (ZAR)Total cost (USD)
165.9124.22
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 (%)
1.76
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.76
Total cost (%)
10.8910.89
Total cost (ZAR)Total cost (USD)
149.1921.78
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 (%)
10.22
Percentage difference between market reference rate 1.33 and exchange rate charged 1.1910.22
Total cost (%)
31.4031.40
Total cost (ZAR)Total cost (USD)
430.1862.80
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
290.0042.34
Exchange rate margin (%)
7.67
Percentage difference between market reference rate 0.75 and exchange rate charged 0.697.67
Total cost (%)
28.8428.84
Total cost (ZAR)Total cost (USD)
395.1157.68
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
139.8520.42
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.991.80
Total cost (%)
12.0112.01
Total cost (ZAR)Total cost (USD)
164.5424.02
Total Average Second Quarter
16.4116.41
Total Average First Quarter
16.2916.29
Total Average
Fee
175.4725.62
Exchange Rate Margin (%)
3.603.60
Total Cost Percent (%)
16.4116.41
Total Cost (ZAR) Total Cost (USD)
224.7732.81
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 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
exchange4free.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Feesort descending
0.000.00
Exchange rate margin (%)
4.97
Percentage difference between market reference rate 0.75 and exchange rate charged 0.714.97
Total cost (%)
4.974.97
Total cost (ZAR)Total cost (USD)
169.4824.85
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 (%)
1.36
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.36
Total cost (%)
4.304.30
Total cost (ZAR)Total cost (USD)
146.6321.50
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 (%)
1.76
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.76
Total cost (%)
5.265.26
Total cost (ZAR)Total cost (USD)
179.3726.30
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 (%)
1.76
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.76
Total cost (%)
5.265.26
Total cost (ZAR)Total cost (USD)
179.3726.30
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
209.5230.72
Exchange rate margin (%)
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.971.92
Total cost (%)
8.068.06
Total cost (ZAR)Total cost (USD)
274.8540.30
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
223.7632.81
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.991.80
Total cost (%)
8.368.36
Total cost (ZAR)Total cost (USD)
285.0841.80
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 0.75 and exchange rate charged 0.723.68
Total cost (%)
11.0111.01
Total cost (ZAR)Total cost (USD)
375.4455.05
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
290.0042.52
Exchange rate margin (%)
7.67
Percentage difference between market reference rate 0.75 and exchange rate charged 0.697.67
Total cost (%)
16.1816.18
Total cost (ZAR)Total cost (USD)
551.7480.90
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 (%)
10.22
Percentage difference between market reference rate 1.33 and exchange rate charged 1.1910.22
Total cost (%)
18.7318.73
Total cost (ZAR)Total cost (USD)
638.6993.65
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 (%)
1.76
Percentage difference between market reference rate 0.75 and exchange rate charged 0.741.76
Total cost (%)
10.8610.86
Total cost (ZAR)Total cost (USD)
370.3354.30
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
325.0047.65
Exchange rate margin (%)
2.62
Percentage difference between market reference rate 0.75 and exchange rate charged 0.732.62
Total cost (%)
12.1512.15
Total cost (ZAR)Total cost (USD)
414.3260.75
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
350.0051.32
Exchange rate margin (%)
3.68
Percentage difference between market reference rate 0.75 and exchange rate charged 0.723.68
Total cost (%)
13.9413.94
Total cost (ZAR)Total cost (USD)
475.3569.70
Total Average Second Quarter
9.929.92
Total Average First Quarter
11.0111.01
Total Average
Fee
215.6031.61
Exchange Rate Margin (%)
3.603.60
Total Cost Percent (%)
9.929.92
Total Cost (ZAR) Total Cost (USD)
338.3949.62
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 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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