Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: May 26, 2021-Jun 10, 2021
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
410.0059.85
0.87
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.87
30.7930.79
421.8261.58
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0040.88
0.87
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.87
21.3121.31
291.9542.62
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
23.633.45
2.47
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.47
4.194.19
57.408.38
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
295.0043.07
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
23.5723.57
322.9147.14
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
400.0058.39
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
31.2431.24
427.9962.48
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
2.93
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.93
7.937.93
108.6415.86
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
66.009.64
1.93
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.93
6.756.75
92.4813.50
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
66.009.64
1.93
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.93
6.756.75
92.4813.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
156.5022.85
1.45
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.45
12.8712.87
176.3225.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
157.5523.00
2.07
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.07
13.5713.57
185.9127.14
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
123.0017.96
-0.06
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
-0.06
8.928.92
122.2017.84
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
123.0017.96
-0.06
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
-0.06
8.928.92
122.2017.84
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
179.0126.13
2.75
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.75
15.8115.81
216.6031.62
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
28.754.20
2.66
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.66
4.764.76
65.219.52
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
178.5726.07
0.69
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.69
13.7213.72
187.9627.44
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
160.3123.40
1.27
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.27
12.9712.97
177.6925.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
160.8023.47
1.25
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.25
12.9912.99
177.9625.98
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
504.4073.64
3.29
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.29
40.1140.11
549.5180.22
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.990.87
2.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.65
3.093.09
42.336.18
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.990.87
2.66
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.66
3.103.10
42.476.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
47.957.00
2.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.67
6.176.17
84.5312.34
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
47.957.00
2.70
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.70
6.206.20
84.9412.40
Total Average Second Quarter
13.4413.44
Total Average First Quarter
14.1014.10
Total Average
Fee
158.5923.15
Exchange Rate Margin (%)
1.871.87
Total Cost Percent (%)
13.4413.44
Total Cost (ZAR) Total Cost (USD)
184.1626.88
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
410.0060.12
0.87
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.87
12.8912.89
439.5564.45
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0041.06
0.87
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.87
9.089.08
309.6345.40
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
58.828.62
2.47
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.47
4.194.19
142.8820.95
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
295.0043.26
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
10.6910.69
364.5353.45
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
400.0058.65
2.04
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.04
13.7713.77
469.5668.85
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
2.93
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.93
7.937.93
270.4139.65
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
163.0023.90
1.93
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.93
6.716.71
228.8133.55
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
163.0023.90
1.93
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.93
6.716.71
228.8133.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
240.4935.26
1.45
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.45
8.508.50
289.8542.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
242.1135.50
2.07
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.07
9.179.17
312.7045.85
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
314.0046.04
-0.06
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
-0.06
9.159.15
312.0245.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
314.0046.04
-0.06
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
-0.06
9.159.15
312.0245.75
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
179.0126.25
2.75
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.75
8.008.00
272.8040.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
28.754.22
2.66
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.66
3.503.50
119.3517.50
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
178.5726.18
0.69
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.69
5.925.92
201.8729.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
246.0636.08
1.27
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.27
8.488.48
289.1742.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
246.8236.19
1.25
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.25
8.498.49
289.5142.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
592.3486.85
3.29
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.29
20.6620.66
704.51103.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
119.3517.50
2.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.67
6.176.17
210.4030.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
119.3517.50
2.70
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.70
6.206.20
211.4231.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.990.88
2.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.65
2.832.83
96.5014.15
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
5.990.88
2.66
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.66
2.842.84
96.8414.20
Total Average Second Quarter
8.238.23
Total Average First Quarter
8.548.54
Total Average
Fee
216.9631.81
Exchange Rate Margin (%)
1.871.87
Total Cost Percent (%)
8.238.23
Total Cost (ZAR) Total Cost (USD)
280.6041.14
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet