How do I transfer money from South Africa to Australia?
Exchange4free has been helping clients transfer money from South Africa to Australia since 2007.
Exchange4free South Africa is authorised by the South African Reserve Bank (SARB) as a 'Foreign Exchange Intermediary' and the company is also regulated as a Financial Services Provider (FSP. 36093) regulated by the Financial Services Board (FSB).
All foreign exchange transactions and transfers out of South Africa need to be processed by an Authorised Dealer Bank which is a bank that is authorised by the Reserve Bank to buy and sell foreign exchange.
Exchange4free have partnered with a number of these Authorised Dealer banks to be able to provide money transfer and foreign exchange services to our clients wanting to send money from South Africa to Australia.
There are exchange control regulations and restrictions that need to be adhered to and we assist through the entire process offering our clients the following benefits to move money from South Africa to Australia:
- Guaranteed best ZAR to AUD exchange rates
- No international swift transfer fees (on amounts above R100,000)
- Zero commissions
The first step to transfer money from South Africa to Australia is for Exchange4free to collect all the relevant supporting documentation from our clients.
In order to transfer money simply follow these steps:
- Go to https://exchange4free.co.za/online-forms.html
- Choose your allowance
- Click submit
Exchange4free will then email you all the relevant documents and paperwork to be signed and once we receive these back then we can fix an exchange rate and send your money out of South Africa.
Please call our Johannesburg Office for further information on 00 27 11 453 7818.