Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to SWAZILAND

Data collected on: Nov 21, 2023-Nov 27, 2023
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
30.004.38
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.192.19
30.004.38
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
150.0021.90
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.9510.95
150.0221.90
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
150.0021.90
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.9510.95
150.0221.90
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
220.9032.25
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.24
17.3617.36
237.8334.72
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
20.4420.44
280.0340.88
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
341.9049.91
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
24.9624.96
341.9549.92
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
390.0056.93
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
28.4728.47
390.0456.94
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
31.7531.75
434.9863.50
Total Average Fourth Quarter 2023
18.3818.38
Total Average Third Quarter 2023
16.4416.44
Total Average
Fee
249.7336.46
Exchange Rate Margin (%)
0.160.16
Total Cost Percent (%)
18.3818.38
Total Cost (ZAR) Total Cost (USD)
251.8636.77
Non-Transparent records
Bank account transfer
Less than one hour 2 days 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
30.004.40
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.880.88
30.014.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.404.40
150.0422.00
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
4.404.40
150.0422.00
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
8.218.21
279.9641.05
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
346.5050.81
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
10.1610.16
346.4650.80
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
309.2645.35
1.24
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.24
10.3110.31
351.5751.55
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
390.0057.18
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
11.4411.44
390.1057.20
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
12.7612.76
435.1263.80
Total Average Fourth Quarter 2023
7.827.82
Total Average Third Quarter 2023
6.626.62
Total Average
Fee
261.3538.32
Exchange Rate Margin (%)
0.160.16
Total Cost Percent (%)
7.827.82
Total Cost (ZAR) Total Cost (USD)
266.6639.10
Non-Transparent records
Bank account transfer
Less than one hour 2 days 3-5 days
Bank account Cash