compare money transfers to south africa

Compare Money Transfers to South Africa

Exchange4free offer clients the cheapest money transfers to South Africa with the below table comparing the benefits of using Exchange4free versus high street banks and other money transfer companies.

Clients transferring money to South Africa are charged a number of Hidden Costs by Banks and Money Transfer Companies which are not always disclosed to clients. The most notable of these hidden costs is the fact that South African banks charge the recipient an inbound receiving fee of up to R700 just to receive a payment from overseas into South Africa.

These hidden costs greatly increase the cost of a money transfer to South Africa particularly if the amount is small as these fees can account for over 50% of the total South African Rand amount transferred.

Exchange4free guarantee the best and cheapest way to move money to South Africa where we cover all the inbound receiving fees charged by SA banks. In addition we charge no swift transfer fees and offer highly competitive ZAR exchange rates making us the leading South African money transfer company in the world.

Exchange4free have also been authorised by the South African Reserve Bank to process money transfers into South Africa and to report these inflows using our own unique reporting code to report these money transfers into the SARBDEX cross-border reporting system.

Compare our money transfer rates to South Africa in the table below to see what makes our money transfer service to South Africa the best in the world:

Send money to South Africa Now
Sending Country: United Kingdom
Sending Currency: GBP
Destination Country: South Africa
Destination Currency: ZAR
Sending Amount: 1000
Exchange Rate: 17.50 17.35 17.20
Sending Fees: 0 5.00 20.00
Receiving Fees: 0 300.00 300.00
TOTAL PAYOUT AMOUNT17 500.0016 963.2516 566.00
ESTIMATED % SAVINGS 3.07 %5.39 %

Contact Us