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Transfer money

Sending money from SOUTH AFRICA to ZAMBIA

Data collected on: Feb 06, 2020
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)sort descending
Total cost (ZAR)Total cost (USD)
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
40.205.87
Exchange rate margin (%)
2.26
Percentage difference between market reference rate 0.99 and exchange rate charged 0.972.26
Total cost (%)sort descending
5.205.20
Total cost (ZAR)Total cost (USD)
71.2410.40
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 (%)
2.06
Percentage difference between market reference rate 0.99 and exchange rate charged 0.972.06
Total cost (%)sort descending
5.565.56
Total cost (ZAR)Total cost (USD)
76.1711.12
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
68.5010.00
Exchange rate margin (%)
2.06
Percentage difference between market reference rate 0.99 and exchange rate charged 0.972.06
Total cost (%)sort descending
7.067.06
Total cost (ZAR)Total cost (USD)
96.7214.12
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
66.009.64
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 0.99 and exchange rate charged 0.954.04
Total cost (%)sort descending
8.868.86
Total cost (ZAR)Total cost (USD)
121.3817.72
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
High
Fee
137.0020.00
Exchange rate margin (%)
-0.76
Percentage difference between market reference rate 0.99 and exchange rate charged 1.00-0.76
Total cost (%)sort descending
9.249.24
Total cost (ZAR)Total cost (USD)
126.5918.48
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
Medium
Fee
123.4018.01
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.67
Total cost (%)sort descending
10.6810.68
Total cost (ZAR)Total cost (USD)
146.3221.36
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
Medium
Fee
100.0014.60
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 0.99 and exchange rate charged 0.954.04
Total cost (%)sort descending
11.3411.34
Total cost (ZAR)Total cost (USD)
155.3622.68
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
171.0024.96
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.22
Total cost (%)sort descending
13.7013.70
Total cost (ZAR)Total cost (USD)
187.6927.40
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
260.0037.96
Exchange rate margin (%)
2.87
Percentage difference between market reference rate 0.99 and exchange rate charged 0.962.87
Total cost (%)sort descending
21.8521.85
Total cost (ZAR)Total cost (USD)
299.3543.70
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
304.0144.38
Exchange rate margin (%)
2.33
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.33
Total cost (%)sort descending
24.5324.53
Total cost (ZAR)Total cost (USD)
336.0649.06
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
Medium
Fee
307.9644.96
Exchange rate margin (%)
3.27
Percentage difference between market reference rate 0.99 and exchange rate charged 0.963.27
Total cost (%)sort descending
25.7525.75
Total cost (ZAR)Total cost (USD)
352.7851.50
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
Medium
Fee
345.0050.36
Exchange rate margin (%)
3.27
Percentage difference between market reference rate 0.99 and exchange rate charged 0.963.27
Total cost (%)sort descending
28.4528.45
Total cost (ZAR)Total cost (USD)
389.7756.90
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
360.0052.55
Exchange rate margin (%)
2.87
Percentage difference between market reference rate 0.99 and exchange rate charged 0.962.87
Total cost (%)sort descending
29.1429.14
Total cost (ZAR)Total cost (USD)
399.2258.28
Total Average First Quarter
15.4915.49
Total Average Fourth Quarter 2019
16.4116.41
Total Average
Fee
179.3126.18
Exchange Rate Margin (%)
2.402.40
Total Cost Percent (%)
15.4915.49
Total Cost (ZAR) Total Cost (USD)
212.2030.98
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same 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
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)Total cost (USD)
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
Medium
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (ZAR)Total cost (USD)
N/AN/A
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 (%)
2.06
Percentage difference between market reference rate 0.99 and exchange rate charged 0.972.06
Total cost (%)
5.565.56
Total cost (ZAR)Total cost (USD)
189.6027.80
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
170.5025.00
Exchange rate margin (%)
2.06
Percentage difference between market reference rate 0.99 and exchange rate charged 0.972.06
Total cost (%)
7.067.06
Total cost (ZAR)Total cost (USD)
240.7535.30
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
100.0014.66
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 0.99 and exchange rate charged 0.954.04
Total cost (%)
6.976.97
Total cost (ZAR)Total cost (USD)
237.6834.85
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
High
Fee
341.0050.00
Exchange rate margin (%)
-0.76
Percentage difference between market reference rate 0.99 and exchange rate charged 1.00-0.76
Total cost (%)
9.249.24
Total cost (ZAR)Total cost (USD)
315.0846.20
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
Medium
Fee
211.7031.04
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.67
Total cost (%)
7.887.88
Total cost (ZAR)Total cost (USD)
268.7139.40
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
Medium
Fee
100.0014.66
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 0.99 and exchange rate charged 0.954.04
Total cost (%)
6.976.97
Total cost (ZAR)Total cost (USD)
237.6834.85
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
257.2237.72
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.22
Total cost (%)
8.768.76
Total cost (ZAR)Total cost (USD)
298.7243.80
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
260.0038.12
Exchange rate margin (%)
2.87
Percentage difference between market reference rate 0.99 and exchange rate charged 0.962.87
Total cost (%)
10.4910.49
Total cost (ZAR)Total cost (USD)
357.7152.45
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
304.0144.58
Exchange rate margin (%)
2.33
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.33
Total cost (%)
11.2511.25
Total cost (ZAR)Total cost (USD)
383.6356.25
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
Medium
Fee
307.9645.16
Exchange rate margin (%)
3.27
Percentage difference between market reference rate 0.99 and exchange rate charged 0.963.27
Total cost (%)
12.3012.30
Total cost (ZAR)Total cost (USD)
419.4361.50
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
Medium
Fee
345.0050.59
Exchange rate margin (%)
3.27
Percentage difference between market reference rate 0.99 and exchange rate charged 0.963.27
Total cost (%)
13.3913.39
Total cost (ZAR)Total cost (USD)
456.6066.95
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
360.0052.79
Exchange rate margin (%)
2.87
Percentage difference between market reference rate 0.99 and exchange rate charged 0.962.87
Total cost (%)
13.4213.42
Total cost (ZAR)Total cost (USD)
457.6267.10
Total Average First Quarter
9.449.44
Total Average Fourth Quarter 2019
10.4510.45
Total Average
Fee
239.7335.15
Exchange Rate Margin (%)
2.412.41
Total Cost Percent (%)
9.449.44
Total Cost (ZAR) Total Cost (USD)
321.9347.20
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Zambia
Least Costly Corridors From South Africa
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