Nedbank vs Digital Alternatives
To get a better picture of just how much you could be saving by switching to one of these services, take a look at how several of them compare to Nedbank on a R5,000 transfer to Australia:
|Go to Nedbank ❯|
≈ 1 day
|Go to Skrill ❯|
|Go to Xendpay ❯|
International bank transfer
|Go to CurrencyFair ❯|
FAQ About Nedbank International Payments
🌍 Is Nedbank an international bank?
Yes. Nedbank is a large and fast-growing bank in Southern Africa, with affiliated banking operations in Mozambique, Eswatini, Lesotho, Namibia, and Zimbabwe. Further afield, Nedbank also operates in other parts of Africa such as Angola, Malawi, Kenya, and has offices in other parts of the world, including in the United Kingdom and in the United Arab Emirates.
💱 Does Nedbank do foreign exchange?
Yes. Authorized by the SARB, Nedbank offers the full gambit when it comes to foreign exchange services. These include wire transfers, foreign banknotes, as well as trading complex financial instruments such as spot covers and swaps. To find out more about Nedbank's foreign exchange services for ordinary outward transfers, click here. To see the bank's live exchange rates, click here.
💸 Does Nedbank support transfers with Moneygram?
No. Nedbank currently does not support international money transfers in partnership with Moneygram. However, this won't stop you at all from being able to fund Moneygram transfers independently using your Nedbank account. Simply visit the Moneygram website to get the job done!
🔢 Does Nedbank have an IBAN number?
No. Because Nedbank is based in South Africa, which doesn't participate in the IBAN system, Nedbank bank accounts do not use IBAN numbers and use a different numbering system altogether. When sending and receiving funds to or from South Africa, you'll simply need to provide a set of South African bank account details, followed by a SWIFT code. Find out more about IBAN numbers here.
💵 Does Nedbank have cash send?
Yes, you can send cardless cash to be withdrawn at any Nedbank ATM across South Africa. However, this service is not available internationally, so if you'd like to send cash to somebody living overseas, we recommend using WorldRemit instead,
⏪ How do I reverse a money transfer with Nedbank?
To cancel or reverse a money transfer with Nedbank, you'll need to contact customer support as quickly as possible. So long as the money hasn't yet been credited to the recipient's bank account, it should be fairly easy to reverse, bu there will be fees associated with the service.