Monito compares 6 different options available for sending money to UK from South Africa.
If the person you're sending money to wants to receive Pounds sterling in his bank account in UK, then WorldRemit is at the moment the most competitive option with zero transfer fees and a good ZAR-GBP conversion rate (current rate: 1 ZAR = 0.0458 GBP).
Adding the fees and exchange rate margin, the total cost with WorldRemit is 94.01 ZAR, but you would pay a total cost of 423.75 ZAR (approximately 5x more expensive) if you wanted to use OFX for the very same transaction.
This recommendation was updated a few minutes ago.
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Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to UK.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.