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Transfer money

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: May 13, 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 (%)
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.53
Total cost (%)
3.533.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
48.367.06
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
28.504.16
Exchange rate margin (%)
1.82
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.82
Total cost (%)
3.903.90
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
53.437.80
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
68.399.98
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
5.345.34
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.1610.68
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 (%)
2.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.01
Total cost (%)
5.515.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
75.4911.02
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 (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
7.197.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
98.5014.38
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
118.5217.30
Exchange rate margin (%)
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.53
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
Disbursing network coverage
High
Fee
131.0019.12
Exchange rate margin (%)
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.53
Total cost (%)
10.1010.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
138.3720.20
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
184.6026.95
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
13.8213.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
189.3327.64
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
185.2027.04
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
15.8915.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
217.6931.78
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 (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
20.2820.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
277.8440.56
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 (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
23.4623.46
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
321.4046.92
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 (%)
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.42
Total cost (%)
24.6124.61
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.1649.22
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
345.0050.36
Exchange rate margin (%)
1.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.52
Total cost (%)
26.7026.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
365.7953.40
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 (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
28.3128.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
387.8556.62
Total Average Second Quarter
14.1314.13
Total Average First Quarter
14.7014.70
Total Average
Fee
175.5925.63
Exchange Rate Margin (%)
1.311.31
Total Cost Percent (%)
14.1314.13
Total Cost (ZAR) Total Cost (USD)
193.5828.26
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
28.504.18
Exchange rate margin (%)
1.82
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.82
Total cost (%)
2.662.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
90.7113.30
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
Fee
119.3517.50
Exchange rate margin (%)
2.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.01
Total cost (%)
5.515.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.8927.55
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
221.5232.48
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
6.856.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
233.5934.25
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 (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
7.167.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
244.1635.80
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
170.5025.00
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
8.358.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
284.7441.75
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 (%)
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.53
Total cost (%)
8.538.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
290.8742.65
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 (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
8.938.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
304.5144.65
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
240.7635.30
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
9.449.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
321.9047.20
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
316.0046.33
Exchange rate margin (%)
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.53
Total cost (%)
9.809.80
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
334.1849.00
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 (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
10.0110.01
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
341.3450.05
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 (%)
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.42
Total cost (%)
11.3411.34
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
386.6956.70
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
345.0050.59
Exchange rate margin (%)
1.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.52
Total cost (%)
11.6311.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
396.5858.15
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 (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
12.1512.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
414.3260.75
Total Average Second Quarter
8.648.64
Total Average First Quarter
9.159.15
Total Average
Fee
239.9535.18
Exchange Rate Margin (%)
1.371.37
Total Cost Percent (%)
8.648.64
Total Cost (ZAR) Total Cost (USD)
294.7343.22
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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