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Transfer money

Sending money from UNITED KINGDOM to SOUTH AFRICA

Data collected on: Oct 31, 2019
GBP | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)sort descendingTotal cost (USD)sort descending
Firm
Cassava Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.16
Percentage difference between market reference rate 19.12 and exchange rate charged 18.901.16
Total cost (%)
1.161.16
Total cost (GBP)sort descendingTotal cost (USD)sort descending
1.392.32
Firm
Tranzfers.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.90
Percentage difference between market reference rate 19.12 and exchange rate charged 18.761.90
Total cost (%)
1.901.90
Total cost (GBP)sort descendingTotal cost (USD)sort descending
2.283.80
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
0.17
Percentage difference between market reference rate 19.12 and exchange rate charged 19.090.17
Total cost (%)
2.662.66
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.195.32
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
0.18
Percentage difference between market reference rate 19.12 and exchange rate charged 19.090.18
Total cost (%)
2.672.67
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.205.33
Firm
ExpressLinks UK
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
2.954.92
Exchange rate margin (%)
2.46
Percentage difference between market reference rate 19.12 and exchange rate charged 18.652.46
Total cost (%)
4.924.92
Total cost (GBP)sort descendingTotal cost (USD)sort descending
5.909.83
Firm
Easy Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.006.67
Exchange rate margin (%)
3.53
Percentage difference between market reference rate 19.12 and exchange rate charged 18.453.53
Total cost (%)
6.876.87
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.2413.73
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.494.15
Exchange rate margin (%)
5.34
Percentage difference between market reference rate 19.12 and exchange rate charged 18.105.34
Total cost (%)
7.427.42
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.9014.83
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
5.999.98
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 19.12 and exchange rate charged 18.622.60
Total cost (%)
7.607.60
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.1215.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
4.908.17
Exchange rate margin (%)
5.13
Percentage difference between market reference rate 1.29 and exchange rate charged 1.225.13
Total cost (%)
9.229.22
Total cost (GBP)sort descendingTotal cost (USD)sort descending
11.0618.43
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
9.14
Percentage difference between market reference rate 19.12 and exchange rate charged 17.379.14
Total cost (%)
12.4712.47
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.9624.93
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.9016.50
Exchange rate margin (%)
6.95
Percentage difference between market reference rate 1.29 and exchange rate charged 1.206.95
Total cost (%)
15.2015.20
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.2430.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.9016.50
Exchange rate margin (%)
8.58
Percentage difference between market reference rate 1.29 and exchange rate charged 1.188.58
Total cost (%)
16.8316.83
Total cost (GBP)sort descendingTotal cost (USD)sort descending
20.2033.67
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.9018.17
Exchange rate margin (%)
7.90
Percentage difference between market reference rate 19.12 and exchange rate charged 17.617.90
Total cost (%)
16.9816.98
Total cost (GBP)sort descendingTotal cost (USD)sort descending
20.3833.97
Total Average Fourth Quarter 2019
8.158.15
Total Average Third Quarter 2019
7.797.79
Total Average
Fee
4.697.82
Exchange Rate Margin (%)
4.234.23
Total Cost Percent (%)
8.158.15
Total Cost (GBP) Total Cost (USD)
9.7716.29
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (GBP)sort descendingTotal cost (USD)sort descending
Firm
Cassava Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.16
Percentage difference between market reference rate 19.12 and exchange rate charged 18.901.16
Total cost (%)
1.161.16
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.485.80
Firm
Small World
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
0.17
Percentage difference between market reference rate 19.12 and exchange rate charged 19.090.17
Total cost (%)
1.171.17
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.515.85
Firm
Azimo
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.994.98
Exchange rate margin (%)
0.18
Percentage difference between market reference rate 19.12 and exchange rate charged 19.090.18
Total cost (%)
1.171.17
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.515.85
Firm
Tranzfers.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.90
Percentage difference between market reference rate 19.12 and exchange rate charged 18.761.90
Total cost (%)
1.901.90
Total cost (GBP)sort descendingTotal cost (USD)sort descending
5.709.50
Firm
ExpressLinks UK
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
2.954.92
Exchange rate margin (%)
2.46
Percentage difference between market reference rate 19.12 and exchange rate charged 18.652.46
Total cost (%)
3.453.45
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.3517.25
Firm
Easy Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
4.006.67
Exchange rate margin (%)
3.53
Percentage difference between market reference rate 19.12 and exchange rate charged 18.453.53
Total cost (%)
4.874.87
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.6124.35
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
9.9916.65
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 19.12 and exchange rate charged 18.622.60
Total cost (%)
5.935.93
Total cost (GBP)sort descendingTotal cost (USD)sort descending
17.7929.65
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
2.494.15
Exchange rate margin (%)
5.34
Percentage difference between market reference rate 19.12 and exchange rate charged 18.105.34
Total cost (%)
6.176.17
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.5130.85
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
9.9016.50
Exchange rate margin (%)
5.13
Percentage difference between market reference rate 1.29 and exchange rate charged 1.225.13
Total cost (%)
8.438.43
Total cost (GBP)sort descendingTotal cost (USD)sort descending
25.2942.15
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
3.996.65
Exchange rate margin (%)
9.14
Percentage difference between market reference rate 19.12 and exchange rate charged 17.379.14
Total cost (%)
10.4710.47
Total cost (GBP)sort descendingTotal cost (USD)sort descending
31.4152.35
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.9026.50
Exchange rate margin (%)
7.90
Percentage difference between market reference rate 19.12 and exchange rate charged 17.617.90
Total cost (%)
13.2013.20
Total cost (GBP)sort descendingTotal cost (USD)sort descending
39.6066.00
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
19.9033.17
Exchange rate margin (%)
6.95
Percentage difference between market reference rate 1.29 and exchange rate charged 1.206.95
Total cost (%)
13.5913.59
Total cost (GBP)sort descendingTotal cost (USD)sort descending
40.7767.95
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
19.9033.17
Exchange rate margin (%)
8.58
Percentage difference between market reference rate 1.29 and exchange rate charged 1.188.58
Total cost (%)
15.2215.22
Total cost (GBP)sort descendingTotal cost (USD)sort descending
45.6676.10
Total Average Fourth Quarter 2019
6.676.67
Total Average Third Quarter 2019
6.016.01
Total Average
Fee
7.3112.18
Exchange Rate Margin (%)
4.234.23
Total Cost Percent (%)
6.676.67
Total Cost (GBP) Total Cost (USD)
20.0133.36
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 3-5 days
Bank account Cash
Least Costly Corridors To South Africa
Least Costly Corridors From United Kingdom
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