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Transfer money

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: Oct 29, 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
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 (%)
0.59
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.59
Total cost (%)
3.593.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
49.187.18
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 (%)
1.48
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.48
Total cost (%)
4.984.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
68.239.96
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 (%)
2.15
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.15
Total cost (%)
6.976.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
95.4913.94
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 (%)
1.88
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.88
Total cost (%)
6.996.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
95.7613.98
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
102.3714.94
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.08
Total cost (%)
7.557.55
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
103.4415.10
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 (%)
0.74
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.74
Total cost (%)
10.7410.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
147.1421.48
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 (%)
6.88
Percentage difference between market reference rate 0.07 and exchange rate charged 0.066.88
Total cost (%)
16.8816.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
231.2633.76
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
197.1928.79
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
18.2918.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
250.5736.58
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
211.8130.92
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
19.1119.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
261.8138.22
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 (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
19.6819.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
269.6239.36
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 (%)
1.88
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.88
Total cost (%)
22.6822.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
310.7245.36
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 (%)
2.34
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.34
Total cost (%)
23.5323.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
322.3647.06
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
High
Fee
307.9644.96
Exchange rate margin (%)
1.36
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.36
Total cost (%)
23.8423.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
326.6147.68
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 (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
26.9826.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.6353.96
Total Average Fourth Quarter 2019
15.1315.13
Total Average Third Quarter 2019
13.7913.79
Total Average
Fee
178.1226.00
Exchange Rate Margin (%)
2.132.13
Total Cost Percent (%)
15.1315.13
Total Cost (ZAR) Total Cost (USD)
207.2730.26
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
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
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 (%)
2.15
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.15
Total cost (%)
4.084.08
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
139.1320.40
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
137.0020.09
Exchange rate margin (%)
0.74
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.74
Total cost (%)
4.764.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
162.3223.80
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
119.3517.50
Exchange rate margin (%)
1.48
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.48
Total cost (%)
4.984.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
169.8224.90
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
250.9336.79
Exchange rate margin (%)
0.08
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.08
Total cost (%)
7.447.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
253.7037.20
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 (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
8.768.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
298.7243.80
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 (%)
1.88
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.88
Total cost (%)
10.2410.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
349.1851.20
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 (%)
1.36
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.36
Total cost (%)
10.3910.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
354.3051.95
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 (%)
2.34
Percentage difference between market reference rate 0.07 and exchange rate charged 0.072.34
Total cost (%)
10.8610.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
370.3354.30
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 (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
11.6911.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
398.6358.45
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
364.0453.38
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
14.5814.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
497.1872.90
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
378.2355.46
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
14.7414.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
502.6373.70
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 (%)
6.88
Percentage difference between market reference rate 0.07 and exchange rate charged 0.066.88
Total cost (%)
16.8816.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
575.6184.40
Total Average Fourth Quarter 2019
9.959.95
Total Average Third Quarter 2019
8.938.93
Total Average
Fee
261.6538.36
Exchange Rate Margin (%)
2.282.28
Total Cost Percent (%)
9.959.95
Total Cost (ZAR) Total Cost (USD)
339.3049.75
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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