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Transfer money

Sending money from SOUTH AFRICA to ZIMBABWE

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)sort descendingTotal cost (USD)sort descending
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 (%)
-3.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07-3.28
Total cost (%)
0.220.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
3.010.44
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
27.404.00
Exchange rate margin (%)
0.26
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.26
Total cost (%)
2.262.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
30.964.52
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
70.0010.22
Exchange rate margin (%)
1.64
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.64
Total cost (%)
6.756.75
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
92.4813.50
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
High
Fee
66.009.64
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.03
Total cost (%)
6.856.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.8513.70
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
102.7515.00
Exchange rate margin (%)
0.11
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.11
Total cost (%)
7.617.61
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
104.2615.22
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
High
Fee
137.0020.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.31
Total cost (%)
10.3110.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.2520.62
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.31
Total cost (%)
10.3110.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.2520.62
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
137.0020.00
Exchange rate margin (%)
1.14
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.14
Total cost (%)
11.1411.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
152.6222.28
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
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)sort descendingTotal cost (USD)sort descending
248.7936.32
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
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)sort descendingTotal cost (USD)sort descending
264.1438.56
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 (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
19.5319.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
267.5639.06
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 (%)
0.78
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.78
Total cost (%)
21.9621.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
300.8543.92
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 (%)
1.64
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.64
Total cost (%)
22.4422.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
307.4344.88
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 (%)
0.75
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.75
Total cost (%)
23.2323.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
318.2546.46
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 (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
26.8326.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
367.5753.66
Total Average Third Quarter
13.7913.79
Total Average Second Quarter
14.1914.19
Total Average
Fee
174.7825.52
Exchange Rate Margin (%)
1.031.03
Total Cost Percent (%)
13.7913.79
Total Cost (ZAR) Total Cost (USD)
188.9527.58
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
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
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
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 (%)
-3.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07-3.28
Total cost (%)
0.220.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
7.501.10
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
High
Fee
66.009.68
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.03
Total cost (%)
3.973.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
135.3819.85
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
Fee
137.0020.09
Exchange rate margin (%)
1.14
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.14
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
175.9625.80
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
255.3237.44
Exchange rate margin (%)
0.11
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.11
Total cost (%)
7.607.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.1638.00
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
290.2442.56
Exchange rate margin (%)
0.78
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.78
Total cost (%)
9.299.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
316.7946.45
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 (%)
0.75
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.75
Total cost (%)
9.789.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
333.5048.90
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
285.0041.79
Exchange rate margin (%)
1.64
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.64
Total cost (%)
9.999.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
340.6649.95
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 (%)
0.31
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.31
Total cost (%)
10.3110.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
351.5751.55
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.31
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.31
Total cost (%)
10.3110.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
351.5751.55
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
350.0051.32
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.28
Total cost (%)
11.5511.55
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
393.8657.75
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
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)sort descendingTotal cost (USD)sort descending
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
Medium
Fee
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)sort descendingTotal cost (USD)sort descending
506.7374.30
Total Average Third Quarter
8.938.93
Total Average Second Quarter
8.918.91
Total Average
Fee
268.7039.40
Exchange Rate Margin (%)
1.051.05
Total Cost Percent (%)
8.938.93
Total Cost (ZAR) Total Cost (USD)
304.4644.64
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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