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Transfer money

Sending money from UNITED KINGDOM to SOUTH AFRICA

Data collected on: Feb 05, 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 (%)
2.12
Percentage difference between market reference rate 19.24 and exchange rate charged 18.832.12
Total cost (%)
2.122.12
Total cost (GBP)sort descendingTotal cost (USD)sort descending
2.544.23
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 (%)
-0.06
Percentage difference between market reference rate 19.24 and exchange rate charged 19.25-0.06
Total cost (%)
2.432.43
Total cost (GBP)sort descendingTotal cost (USD)sort descending
2.924.87
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 (%)
0.70
Percentage difference between market reference rate 19.24 and exchange rate charged 19.110.70
Total cost (%)
3.193.19
Total cost (GBP)sort descendingTotal cost (USD)sort descending
3.836.38
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 (%)
2.98
Percentage difference between market reference rate 19.24 and exchange rate charged 18.672.98
Total cost (%)
5.445.44
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.5310.88
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
2.904.83
Exchange rate margin (%)
3.93
Percentage difference between market reference rate 1.30 and exchange rate charged 1.253.93
Total cost (%)
6.356.35
Total cost (GBP)sort descendingTotal cost (USD)sort descending
7.6212.70
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 (%)
3.42
Percentage difference between market reference rate 19.24 and exchange rate charged 18.593.42
Total cost (%)
6.756.75
Total cost (GBP)sort descendingTotal cost (USD)sort descending
8.1013.50
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 (%)
5.61
Percentage difference between market reference rate 19.24 and exchange rate charged 18.165.61
Total cost (%)
7.697.69
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.2315.38
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 (%)
2.83
Percentage difference between market reference rate 19.24 and exchange rate charged 18.702.83
Total cost (%)
7.827.82
Total cost (GBP)sort descendingTotal cost (USD)sort descending
9.3815.63
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 (%)
6.87
Percentage difference between market reference rate 1.30 and exchange rate charged 1.216.87
Total cost (%)
9.299.29
Total cost (GBP)sort descendingTotal cost (USD)sort descending
11.1518.58
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 (%)
8.95
Percentage difference between market reference rate 19.24 and exchange rate charged 17.528.95
Total cost (%)
12.2812.28
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.7424.57
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 (%)
6.54
Percentage difference between market reference rate 1.30 and exchange rate charged 1.226.54
Total cost (%)
13.9613.96
Total cost (GBP)sort descendingTotal cost (USD)sort descending
16.7527.92
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 (%)
6.54
Percentage difference between market reference rate 1.30 and exchange rate charged 1.226.54
Total cost (%)
14.7914.79
Total cost (GBP)sort descendingTotal cost (USD)sort descending
17.7529.58
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 (%)
8.16
Percentage difference between market reference rate 19.24 and exchange rate charged 17.678.16
Total cost (%)
17.2417.24
Total cost (GBP)sort descendingTotal cost (USD)sort descending
20.6934.48
Total Average First Quarter
8.418.41
Total Average Fourth Quarter 2019
8.158.15
Total Average
Fee
4.687.81
Exchange Rate Margin (%)
4.514.51
Total Cost Percent (%)
8.418.41
Total Cost (GBP) Total Cost (USD)
10.0916.82
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
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 (%)
-0.06
Percentage difference between market reference rate 19.24 and exchange rate charged 19.25-0.06
Total cost (%)
0.940.94
Total cost (GBP)sort descendingTotal cost (USD)sort descending
2.824.70
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 (%)
0.70
Percentage difference between market reference rate 19.24 and exchange rate charged 19.110.70
Total cost (%)
1.701.70
Total cost (GBP)sort descendingTotal cost (USD)sort descending
5.108.50
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 (%)
2.12
Percentage difference between market reference rate 19.24 and exchange rate charged 18.832.12
Total cost (%)
2.122.12
Total cost (GBP)sort descendingTotal cost (USD)sort descending
6.3610.60
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 (%)
2.98
Percentage difference between market reference rate 19.24 and exchange rate charged 18.672.98
Total cost (%)
3.973.97
Total cost (GBP)sort descendingTotal cost (USD)sort descending
11.9119.85
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 (%)
3.42
Percentage difference between market reference rate 19.24 and exchange rate charged 18.593.42
Total cost (%)
4.754.75
Total cost (GBP)sort descendingTotal cost (USD)sort descending
14.2523.75
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
5.909.83
Exchange rate margin (%)
3.93
Percentage difference between market reference rate 1.30 and exchange rate charged 1.253.93
Total cost (%)
5.905.90
Total cost (GBP)sort descendingTotal cost (USD)sort descending
17.7029.50
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 (%)
2.83
Percentage difference between market reference rate 19.24 and exchange rate charged 18.702.83
Total cost (%)
6.166.16
Total cost (GBP)sort descendingTotal cost (USD)sort descending
18.4830.80
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 (%)
5.61
Percentage difference between market reference rate 19.24 and exchange rate charged 18.165.61
Total cost (%)
6.446.44
Total cost (GBP)sort descendingTotal cost (USD)sort descending
19.3232.20
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
2.904.83
Exchange rate margin (%)
6.87
Percentage difference between market reference rate 1.30 and exchange rate charged 1.216.87
Total cost (%)
7.847.84
Total cost (GBP)sort descendingTotal cost (USD)sort descending
23.5239.20
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 (%)
6.54
Percentage difference between market reference rate 1.30 and exchange rate charged 1.226.54
Total cost (%)
9.519.51
Total cost (GBP)sort descendingTotal cost (USD)sort descending
28.5347.55
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 (%)
8.95
Percentage difference between market reference rate 19.24 and exchange rate charged 17.528.95
Total cost (%)
10.2810.28
Total cost (GBP)sort descendingTotal cost (USD)sort descending
30.8451.40
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
19.9033.17
Exchange rate margin (%)
6.54
Percentage difference between market reference rate 1.30 and exchange rate charged 1.226.54
Total cost (%)
13.1813.18
Total cost (GBP)sort descendingTotal cost (USD)sort descending
39.5465.90
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 (%)
8.16
Percentage difference between market reference rate 19.24 and exchange rate charged 17.678.16
Total cost (%)
13.4613.46
Total cost (GBP)sort descendingTotal cost (USD)sort descending
40.3867.30
Total Average First Quarter
6.636.63
Total Average Fourth Quarter 2019
6.676.67
Total Average
Fee
6.3810.63
Exchange Rate Margin (%)
4.514.51
Total Cost Percent (%)
6.636.63
Total Cost (GBP) Total Cost (USD)
19.9033.17
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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