Find the best providers to send money to South Africa

Our real-time comparison engine finds the cheapest providers for your transfer to South Africa, you save on fees and exchange rates. That way, more money arrives.

How to send money to South Africa

Find out how to transfer money to South Africa with the best rate in four easy steps

1. Check if the rand exchange rate is at your advantage

Sending money on a day where the exchange rate is favorable means more money arrives. Follow the exchange rate and convert your money when the ZAR rate gets to a specific level.

2.Select the best deal by comparing all the available providers.

We list a lot of providers to transfer money to South Africa, such as Wise, TransferGo, Remitly, Paysend, Wise Multi-Currency Account. You can save a lot of money by comparing them all to find the best one for your transfer.

3.Choose the best service with your own criteria

Search for the money transfer service with the best rates and lowest fees, fastest transfer speed, best customer reviews, or a good combination of the three.

4. Sign up and get started with your money transfer with the company you selected

The last step is to sign up on the money transfer provider's homepage - be aware you will often need to give an ID document and/or a proof of adress - and get started with your money transfer to South Africa.

Which provider should you use for transferring money to South Africa?

Whether you need to send money to your family or friends who are living in Cape Town, or you’re sending money to your own bank account in South Africa because you just moved there and need to transfer all your savings, comparing which providers will give you the lower total cost for your transfer can help you save a lot of money.

Not all the companies listed above will be available from all countries. If you’re sending money from the United Kingdom to South Africa, you will have plenty of options to choose from (sending money from Ireland, Canada, United States or New Zealand is also quite cheap if you select the right operator).

The cheapest ways of sending money to South Africa is usually to transfer money to a bank account (rather than a cash pick-up location). But never directly use your bank to make an international transfers as although the fees might sometimes seem competitive, you will lose a lot of money in the exchange rate margin due to the bad exchanges rates towards the South African Rand. Instead, transfer your money through an online transfer service like TransferWiseCurrencyFair or TransferGo who act as intermediary between your bank and the bank of the recipient in South Africa to give you much better rates. South Africa is one of the only african countries where these innovative companies are sending money to, so take advantage of it.

Should you need your money to arrive in cash in one specific region of the country, providers like Azimo or WorldRemit have a good geographical coverage and often better rates than some of the more well-known options such as MoneyGram or Western Union.

For bigger transactions (if you need to transfer part of your savings to South Africa, or need to purchase a home or property or have a business transfer to make), you will be better off contacting specialized foreign exchange companies. Currency SolutionsCurrencies Direct and OFX are all offering to change your money into South African Rands and send it to South Africa.

Find out which provider offers the best exchange rate and fees for your next transfer to South-Africa
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South Africa

The rainbow nation sees a lot of immigrants coming from neighbouring countries to live and work in South Africa, while a lot of South Africans are living and working abroad themselves, whether in the United Kingdom, the US, or other english speaking countries. It is therefore no wonder that a lot of people need to send money to South Africa.

There are many options to send money to South Africa, but depending on which provider you use, the differences in the total cost of your transfer can be extremes. It is therefore paramount to use our comparison engine above to find the best companies to transfer your money to South Africa with the lowest possibles fees and the highest exchange rate.


What information do you need to send money to a bank account in South Africa

Name of the recipient 
The name of the recipient's bank account's holder.

Name of the recipient's bank (ex. Standard Bank of South Africa) 
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 (ex. 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 (ex. 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 SWIFT/BIC number of the recipient's bank in order to proceed to 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 conveninent 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.

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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.