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Transfer money

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: Jul 29, 2020-Jul 30, 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
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
41.106.00
Exchange rate margin (%)
-0.61
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06-0.61
Total cost (%)
2.392.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
32.744.78
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
66.009.64
Exchange rate margin (%)
-0.56
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06-0.56
Total cost (%)
4.254.25
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
58.238.50
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
Fee
47.957.00
Exchange rate margin (%)
1.27
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.27
Total cost (%)
4.774.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
65.359.54
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
28.754.20
Exchange rate margin (%)
3.55
Percentage difference between market reference rate 0.06 and exchange rate charged 0.063.55
Total cost (%)
5.655.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
77.4111.30
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
Medium
Fee
89.0012.99
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.21
Total cost (%)
7.717.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
105.6315.42
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
109.6016.00
Exchange rate margin (%)
0.37
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.37
Total cost (%)
8.378.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
114.6716.74
Firm
EcoCash Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
20.553.00
Exchange rate margin (%)
7.68
Percentage difference between market reference rate 0.06 and exchange rate charged 0.067.68
Total cost (%)
9.189.18
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
125.7718.36
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
134.0019.56
Exchange rate margin (%)
-0.22
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06-0.22
Total cost (%)
9.569.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
130.9719.12
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
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 (%)
1.04
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.04
Total cost (%)
20.0220.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
274.2740.04
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 (%)
0.69
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.69
Total cost (%)
23.1723.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
317.4346.34
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 (%)
1.86
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.86
Total cost (%)
23.3923.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
320.4446.78
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
304.0144.38
Exchange rate margin (%)
2.62
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.62
Total cost (%)
24.8124.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
339.9049.62
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 (%)
1.04
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.04
Total cost (%)
28.0528.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
384.2956.10
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 (%)
1.86
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.86
Total cost (%)
29.2329.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
400.4558.46
Total Average Third Quarter
14.2714.27
Total Average Second Quarter
14.1314.13
Total Average
Fee
174.4225.46
Exchange Rate Margin (%)
1.541.54
Total Cost Percent (%)
14.2714.27
Total Cost (ZAR) Total Cost (USD)
195.5228.54
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)sort descendingTotal cost (USD)sort descending
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)sort descendingTotal cost (USD)sort descending
N/AN/A
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
28.754.22
Exchange rate margin (%)
3.55
Percentage difference between market reference rate 0.06 and exchange rate charged 0.063.55
Total cost (%)
4.394.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
149.7021.95
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 (%)
1.27
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.27
Total cost (%)
4.774.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
162.6623.85
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
163.0023.90
Exchange rate margin (%)
2.06
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.06
Total cost (%)
6.846.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
233.2434.20
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
211.9231.07
Exchange rate margin (%)
1.21
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.21
Total cost (%)
7.427.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
253.0237.10
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
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
272.8040.00
Exchange rate margin (%)
0.37
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.37
Total cost (%)
8.378.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.4241.85
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 (%)
1.04
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.04
Total cost (%)
8.668.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
295.3143.30
Firm
EcoCash Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
51.157.50
Exchange rate margin (%)
7.68
Percentage difference between market reference rate 0.06 and exchange rate charged 0.067.68
Total cost (%)
9.189.18
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
313.0445.90
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 (%)
0.69
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.69
Total cost (%)
9.739.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
331.7948.65
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
318.0046.63
Exchange rate margin (%)
1.04
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.04
Total cost (%)
10.3710.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
353.6251.85
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 (%)
1.86
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.86
Total cost (%)
10.5110.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
358.3952.55
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 (%)
2.62
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.62
Total cost (%)
11.5411.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
393.5157.70
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 (%)
1.04
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.04
Total cost (%)
11.8911.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
405.4559.45
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 (%)
1.86
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.86
Total cost (%)
12.8512.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
438.1964.25
Total Average Third Quarter
8.878.87
Total Average Second Quarter
8.648.64
Total Average
Fee
235.3234.50
Exchange Rate Margin (%)
1.971.97
Total Cost Percent (%)
8.878.87
Total Cost (ZAR) Total Cost (USD)
302.5244.36
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
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