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Transfer money

Sending money from SOUTH AFRICA to ZIMBABWE

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)sort descendingTotal cost (USD)sort descending
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 (%)
5.15
Percentage difference between market reference rate 14.24 and exchange rate charged 13.515.15
Total cost (%)
5.155.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
70.5610.30
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
High
Fee
66.009.64
Exchange rate margin (%)
0.81
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.81
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
77.1311.26
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 (%)
2.15
Percentage difference between market reference rate 14.24 and exchange rate charged 13.942.15
Total cost (%)
5.655.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
77.4111.30
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 (%)
2.32
Percentage difference between market reference rate 14.24 and exchange rate charged 13.912.32
Total cost (%)
7.437.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.7914.86
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
95.9214.00
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.49
Total cost (%)
9.499.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
130.0118.98
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 (%)
1.10
Percentage difference between market reference rate 14.24 and exchange rate charged 14.091.10
Total cost (%)
11.1011.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
152.0722.20
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
131.0019.12
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.10
Total cost (%)
11.6711.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
159.8823.34
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
131.0019.12
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.10
Total cost (%)
11.6711.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
159.8823.34
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
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)sort descendingTotal cost (USD)sort descending
164.5424.02
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
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)sort descendingTotal cost (USD)sort descending
165.9124.22
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 (%)
1.87
Percentage difference between market reference rate 14.24 and exchange rate charged 13.981.87
Total cost (%)
20.1120.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
275.5140.22
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 (%)
1.67
Percentage difference between market reference rate 14.24 and exchange rate charged 14.001.67
Total cost (%)
22.8322.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
312.7745.66
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 (%)
3.31
Percentage difference between market reference rate 14.24 and exchange rate charged 13.773.31
Total cost (%)
24.5024.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
335.6549.00
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 (%)
2.32
Percentage difference between market reference rate 14.24 and exchange rate charged 13.912.32
Total cost (%)
26.0526.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
356.8952.10
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 (%)
1.87
Percentage difference between market reference rate 14.24 and exchange rate charged 13.981.87
Total cost (%)
27.4127.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
375.5254.82
Total Average Second Quarter
14.1914.19
Total Average First Quarter
12.2212.22
Total Average
Fee
164.2423.98
Exchange Rate Margin (%)
2.202.20
Total Cost Percent (%)
14.1914.19
Total Cost (ZAR) Total Cost (USD)
194.3728.37
Non-Transparent records
Bank account transfer Debit/credit card Mobile money 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
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
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
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 (%)
1.10
Percentage difference between market reference rate 14.24 and exchange rate charged 14.091.10
Total cost (%)
5.115.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
174.2525.55
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 (%)
5.15
Percentage difference between market reference rate 14.24 and exchange rate charged 13.515.15
Total cost (%)
5.155.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
175.6225.75
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
163.0023.90
Exchange rate margin (%)
0.81
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.81
Total cost (%)
5.595.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
190.6227.95
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 (%)
2.15
Percentage difference between market reference rate 14.24 and exchange rate charged 13.942.15
Total cost (%)
5.655.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
192.6728.25
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
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)sort descendingTotal cost (USD)sort descending
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
Medium
Fee
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)sort descendingTotal cost (USD)sort descending
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
Fee
250.0036.66
Exchange rate margin (%)
1.87
Percentage difference between market reference rate 14.24 and exchange rate charged 13.981.87
Total cost (%)
9.209.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
313.7246.00
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
238.7835.01
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.49
Total cost (%)
9.499.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
323.6147.45
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
290.0042.52
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 14.24 and exchange rate charged 14.001.67
Total cost (%)
10.1710.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
346.8050.85
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
305.0044.72
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.10
Total cost (%)
11.0511.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
376.8155.25
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
305.0044.72
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.10
Total cost (%)
11.0511.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
376.8155.25
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 (%)
3.31
Percentage difference between market reference rate 14.24 and exchange rate charged 13.773.31
Total cost (%)
11.8211.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
403.0659.10
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
325.0047.65
Exchange rate margin (%)
2.32
Percentage difference between market reference rate 14.24 and exchange rate charged 13.912.32
Total cost (%)
11.8611.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
404.4359.30
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 (%)
1.87
Percentage difference between market reference rate 14.24 and exchange rate charged 13.981.87
Total cost (%)
12.1312.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
413.6360.65
Total Average Second Quarter
8.918.91
Total Average First Quarter
8.248.24
Total Average
Fee
229.0533.58
Exchange Rate Margin (%)
2.192.19
Total Cost Percent (%)
8.918.91
Total Cost (ZAR) Total Cost (USD)
303.7144.53
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
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