Remittance Prices Worldwide

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Transfer money

Sending money from UNITED KINGDOM to SOUTH AFRICA

Data collected on: May 16, 2020
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
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 (%)
2.24
Percentage difference between market reference rate 22.50 and exchange rate charged 21.992.24
Total cost (%)
2.242.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
2.694.48
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 (%)
0.12
Percentage difference between market reference rate 22.50 and exchange rate charged 22.470.12
Total cost (%)
2.612.61
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.135.22
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 (%)
3.08
Percentage difference between market reference rate 22.50 and exchange rate charged 21.803.08
Total cost (%)
3.083.08
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.706.17
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 (%)
1.26
Percentage difference between market reference rate 22.50 and exchange rate charged 22.211.26
Total cost (%)
3.753.75
Total cost (GBP)sort descendingTotal cost (USD)sort descending
4.507.50
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
2.904.83
Exchange rate margin (%)
2.53
Percentage difference between market reference rate 1.21 and exchange rate charged 1.182.53
Total cost (%)
4.944.94
Total cost (GBP)sort descendingTotal cost (USD)sort descending
5.939.88
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
4.958.25
Exchange rate margin (%)
1.31
Percentage difference between market reference rate 22.50 and exchange rate charged 22.201.31
Total cost (%)
5.445.44
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.5310.88
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 (%)
3.59
Percentage difference between market reference rate 22.50 and exchange rate charged 21.693.59
Total cost (%)
6.926.92
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.3013.83
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 (%)
5.46
Percentage difference between market reference rate 22.50 and exchange rate charged 21.275.46
Total cost (%)
7.537.53
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.0415.07
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 (%)
3.00
Percentage difference between market reference rate 22.50 and exchange rate charged 21.823.00
Total cost (%)
7.997.99
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.5915.98
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 (%)
8.86
Percentage difference between market reference rate 22.50 and exchange rate charged 20.508.86
Total cost (%)
12.1812.18
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.6224.37
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
8.9014.83
Exchange rate margin (%)
6.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.136.66
Total cost (%)
14.0714.07
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.8828.13
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 (%)
7.38
Percentage difference between market reference rate 1.21 and exchange rate charged 1.127.38
Total cost (%)
15.6315.63
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.7631.27
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 (%)
9.23
Percentage difference between market reference rate 22.50 and exchange rate charged 20.429.23
Total cost (%)
18.3218.32
Total cost (GBP)sort descendingTotal cost (USD)sort descending
21.9836.63
Total Average Second Quarter
8.058.05
Total Average First Quarter
8.418.41
Total Average
Fee
4.627.69
Exchange Rate Margin (%)
4.214.21
Total Cost Percent (%)
8.058.05
Total Cost (GBP) Total Cost (USD)
9.6716.11
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
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 (%)
0.12
Percentage difference between market reference rate 22.50 and exchange rate charged 22.470.12
Total cost (%)
1.121.12
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.365.60
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 (%)
1.26
Percentage difference between market reference rate 22.50 and exchange rate charged 22.211.26
Total cost (%)
2.252.25
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.7511.25
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 (%)
2.26
Percentage difference between market reference rate 22.50 and exchange rate charged 21.992.26
Total cost (%)
2.262.26
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.7811.30
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
4.958.25
Exchange rate margin (%)
1.31
Percentage difference between market reference rate 22.50 and exchange rate charged 22.201.31
Total cost (%)
2.962.96
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.8814.80
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 (%)
3.08
Percentage difference between market reference rate 22.50 and exchange rate charged 21.803.08
Total cost (%)
3.083.08
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.2415.40
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
2.904.83
Exchange rate margin (%)
2.53
Percentage difference between market reference rate 1.21 and exchange rate charged 1.182.53
Total cost (%)
3.493.49
Total cost (GBP)sort descendingTotal cost (USD)sort descending
10.4717.45
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 (%)
3.59
Percentage difference between market reference rate 22.50 and exchange rate charged 21.693.59
Total cost (%)
4.924.92
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.7624.60
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 (%)
5.46
Percentage difference between market reference rate 22.50 and exchange rate charged 21.275.46
Total cost (%)
6.296.29
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.8731.45
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 (%)
3.00
Percentage difference between market reference rate 22.50 and exchange rate charged 21.823.00
Total cost (%)
6.336.33
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.9931.65
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
8.9014.83
Exchange rate margin (%)
6.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.136.66
Total cost (%)
9.629.62
Total cost (GBP)sort descendingTotal cost (USD)sort descending
28.8648.10
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 (%)
8.86
Percentage difference between market reference rate 22.50 and exchange rate charged 20.508.86
Total cost (%)
10.1910.19
Total cost (GBP)sort descendingTotal cost (USD)sort descending
30.5750.95
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 (%)
7.38
Percentage difference between market reference rate 1.21 and exchange rate charged 1.127.38
Total cost (%)
14.0114.01
Total cost (GBP)sort descendingTotal cost (USD)sort descending
42.0370.05
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 (%)
9.23
Percentage difference between market reference rate 22.50 and exchange rate charged 20.429.23
Total cost (%)
14.5314.53
Total cost (GBP)sort descendingTotal cost (USD)sort descending
43.5972.65
Total Average Second Quarter
6.236.23
Total Average First Quarter
6.636.63
Total Average
Fee
6.0810.13
Exchange Rate Margin (%)
4.214.21
Total Cost Percent (%)
6.236.23
Total Cost (GBP) Total Cost (USD)
18.7031.17
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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