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Find the Best Way to Send Money to South Africa

RemitlyWisePayPalWorldRemitWestern Union
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Top Providers For transfers to South Africa

Based on 17,175 comparisons made by Monito users in the past 3 months.

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Best for Transfers to a Bank Account

Best of 44 providers. Compare all

Best for Transfers to Cash Pickup

  • Top provider
    Remitly Monito Score 9.1

    Cheapest

    in 93% of all comparisons

    Top rated

    in 93% of all comparisons

    Fastest

    in 93% of all comparisons

    Go to Remitly 

Best of 3 providers. Compare all

Find the Best Rated Providers to Send Money to South Africa

Advertiser disclosure

Over the past three months, we compared 45 providers for transfers to South Africa from a wide range of sending countries and found that on average Remitly was most often the cheapest provider (in 33.3% of the searches).

But Remitly might not be available in the country you're sending money from, and it might not be the cheapest for your transfer to South Africa as the provider's pricing change depends from country to country and changes over time. This means it's always best to launch a live comparison to find the cheapest provider for your transfer.

About Money Transfers to South Africa

Monito compares 45 providers offering international money transfer servicesto South Africa. The total cost of the cheapest available option at any given point in the past three months was 3.1% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 12.0%.

💸 Number of Providers

45

🏆 Avg. Cheapest Provider
💰 Avg. Lowest Total Cost

3.1%

💰 Avg. Highest Total Cost

12.0%

💸 Most Transferred Amount

300 ZAR

⚡ ️Fastest Transfer Time

Next day

💳 Pay-In Options

Bank transfer, Debit card, Credit card, Direct bank payment, International bank transfer

💵 Pay-Out Options

Bank account (via international transfer), Card, Bank account, Cash pickup

👍 Recommended Providers

Paysend, Remitly, WorldRemit, TransferGo, Revolut, CurrencyFair, Currencies Direct, Wise, XE Money Transfer, OFX, Moneycorp, Currency Solutions, FairFX, Halo Financial, Royal Bank of Canada, World First, Rabobank, SingX, Xendpay, b-Sharpe

FAQ About Sending Money to South Africa

Best-Rated Providers to Send Money to South Africa

What Information is Needed to Send Money to a Bank Account in South Africa?

  • Name of the recipient: The name of the recipient's bank account holder.
  • Name of the recipient's bank (e.g. Standard Bank): The name of the recipient’s bank in South Africa. You may need to select the name of the bank in a list when sending money with some providers, others will require you to enter the SWIFT/BIC number.
  • SWIFT/BIC (e.g. SBZAZAJJ): The SWIFT/BIC is a unique code used to identify banks in the SWIFT international payment network. As IBANs are not used in South Africa, you will probably need to enter the SWIFT/BIC code to identify the recipient’s bank.
  • Account number (e.g. 00052312891): The account number of the recipient’s bank account.

As South Africa is not part of the IBAN system, you will need some other information in addition to the recipient's account number and name.

All banks in South Africa are part of the SWIFT network, and you will therefore need to have the SWIFT/BIC number of the recipient's bank in order to proceed with the transfer. Some providers may suggest you a list of all the banks in South Africa from which you need to select the right one, which might be convenient if you know the name of the bank but not the SWIFT/BIC.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence.

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Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.