How to send money to South Africa

Find a fast and affordable way to send money to South Africa by comparing the services of money transfer providers.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to South Africa doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most South African rands for your dollar.
WorldRemit International Money Transfers

WorldRemit International Money Transfers

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FREE.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 12.805 Online ZAR 64,023 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 4.99 12.744 Online, Bank Account to Bank Account, Cash Transfer ZAR 63,658 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 0.70 12.833 Online ZAR 64,156 Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 12.783 Online, Bank Account to Bank Account ZAR 63,914 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 100 2 days USD 5.00 12.776 Online ZAR 63,818 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

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    How do international money transfers work?

    An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, South Africa. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

    Banks versus money transfer providers

    The first place many people go when they need to send an international money transfer is to their bank. While banks can certainly send money overseas for you, their fees are often higher compared to companies that specialize in international money transfers. These money transfer companies focus on international transactions and can offer much better exchange rates than most major banks.

    Case Study: Hansie sends money to South Africa

    While Hansie lives and works in the U.S. he wants to send $1,000 home to his parents in South Africa as a gift for their wedding anniversary. He has an account with a large American bank and approaches them about sending his transfer, but when they offer him a poor exchange rate and a high fee, he decides to look elsewhere. He compares the services of two money transfer companies to find the best deal.

    Money transfer company 1Money transfer company 2
    Exchange rate$1 USD = $13.03 ZAR$1 USD = $12.62 ZAR
    Transfer fee$3.99$16
    Transfer methodBank account depositCash pickup
    Processing time1-3 business days10 minutes
    Amount received (in ZAR)$13,030 ZAR$12,620 ZAR

    As you can see, Hansie can get a much better deal by using the first money transfer company, saving $12 in fees and sending more than $410 ZAR extra to his parents. However, if he needs to send an urgent transfer he might use the second provider.

    How to compare transfer companies when transferring money to South Africa

    • Exchange rates. The better the exchange rate, the more of your money will make it to your recipient in the form of South African rands. Compare rates between companies but remember that some companies that offer higher exchange rates will also charge higher fees.
    • Fees. Fees apply to many international money transfers, so examine the fee structure of each provider. You can also keep an eye out for providers that waive their fees when you transfer more than a certain minimum amount.
    • Transfer methods. How can you make your transfer request: online, in person, on a mobile app and/or over the phone?
    • Transfer options. While some companies simply offer one-time transfers, others offer features such as forward contracts, which allow you to take advantage of favorable market conditions.
    • Turnaround time. The processing time can be important when you need to send funds urgently, and transfer times can range from minutes to several business days.
    • Minimum amount. Some providers impose a minimum transfer limit, which can often be restrictive if you don’t want to send a large amount of cash.
    • Pickup methods. From bank account deposit to collection from an agent location and even home delivery of the cash, there are several options available from money transfer providers.
    • Customer service. If something goes wrong with a transaction will phone, email and/or live chat support be available?
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    Foreign exchange rates explained
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
    Compare live USD > ZAR exchange rates
     

    Options for sending money to South Africa from America

    • Bank transfers. Many U.S. banks allow you to send an international wire transfer to a South African bank account.
    • Online money transfer providers. Companies like WorldRemit offer fast transfers and competitive exchange rates.
    • Money transfer companies with cash pickup options. Western Union, MoneyGram and other providers offer this option.
    • PayPal. Digital payments giant PayPal allows you to send money online from the U.S. to South Africa.
    • Checks. International guaranteed checks can also be sent between the U.S. and South Africa.
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    Emergency cash transfers in South Africa

    If you need to send an urgent money transfer to South Africa, keep in mind that you will usually have to settle for higher fees and lower exchange rates to get your money there as quickly as possible. Even if you’re in a hurry, make sure to check the fees and the exchange rate that will apply to your transaction to ensure that you know exactly how much your transaction will cost.


    Find a money transfer location near you

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    Tips for picking up cash in South Africa

    Some areas of South Africa, such as Johannesburg, have high crime rates. You should exercise caution when you pick up cash in certain areas.

    • Remain aware of your personal security at all times.
    • Keep cash in a safe place.
    • Avoid any high crime areas.
    • Deposit the cash into a bank account as soon as possible.
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    How to send money to South Africa

    With so many transfer options to choose from, the process for sending a transfer varies depending on the money transfer provider. Having said that, you’ll usually need to set up an account before you can transfer your funds. You can usually do this by providing:

    • Your name and address
    • Your email address and phone number
    • Proof of ID
    • Your bank account details

    Once you’ve placed a transfer request, you will most likely be given a reference or receipt number. You and your recipient can use this to track the progress of your transfer.

    Cash pickup locations in South Africa

    Worldremit

    MUKURU – PICKBEL PARKADE
    Address: Shop8, Picbel Parkadebuiling, 58 Strand Street
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-21-418 3558

    MUKURU – STRAND STREET
    Address: Shop A 33 and Shop 8, PicbelParkade, 58 Strand Street, Cape Town
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-21-421 5360

    MUKURU – V&A WATERFRONT
    Address: Shop G08, Clock Tower, Victoria and Afred Waterfront Cape Town
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-21-418 1271

    Moneygram

    FNB – #1064080 – VANGATE
    Address: Vangate Shop 1 Rabat Complex Cnr Bosduif and Heideveld Road Vanga Cape Town
    Hours: 12:00 AM – 11:59 PM
    Phone: +27-21-575 9404

    STANDARD BANK – #2081 – CAPE TOWN
    Address: 15 Adderly St Cape Town Cape Town
    Hours: 4:00 AM – 9:00 PM
    Phone: +27-21-401 7506

    FIRST NATIONAL BANK – #201409 – CAPE TOWN
    Address: 82 Adderly Street Cape Town, 8000
    Hours: 9:00 AM – 3:30 PM
    Phone: +27-21-487 6000

    Western Union

    TYGER VALLEY SHOPPING CENTRE
    Address: Shop 508c Upper Level Ent 10 Cape Town, Western Cape
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-21-914 1955

    TOWER BDC CAPE TOWN
    Address: Jdn Hse26a Shortmarket St Georges Mall Cape Town, Western Cape
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-21-422 1643

    AMERICAN EXPRESS LONG STREET
    Address: 57 Long Street Cape Town Cape Town, Western Cape 8001
    Hours: 8:30 AM – 5:00 PM
    Phone: +27-21-914 1529

    Worldremit

    INTER AFRICA – HEAD OFFICE (PRETORIA PARK VIEW)
    Address: LL63 Parkview Lifestyle Centre – Garsfontein and Netcare Road Moreletapark
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-12-993 0021

    MUKURU – BOSMAN STREET
    Address: Shop 0006, Station Square, c/o Bosman and Jacob Maree Street, Pretoria
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-12-323 6001

    MUKURU – MENLYN MAINE
    Address: Shop 70,Menlyn Maine Mall,1/860 Arimist Road,Menlyn
    Hours: 9:00 AM – 5:30 PM
    Phone: +27-12-348 4344

    Moneygram

    FNB – #00100103 – PRETORIA NORTH ATM
    Address: Pretoria North ATM Pretoria North, 0082
    Hours: 12:00 AM – 11:59 PM
    Phone: +27-12-575 9404

    FNB ATM-ZA SELF SERVICE GAUTENG NORTH
    Address: SSD Gauteng North Mini ATM Pretoria
    Hours: 12:00 AM – 11:59 PM
    Phone: +27-12-575 9404

    BIDVEST BANK – HATFIELD
    Address: Shop 1 Bldg 3 Hatfield SQ 1115 Burnett St Pretoria, 0002
    Hours: 8:00 AM – 6:00 PM
    Phone: +27-12-362 7241

    Western Union

    AMERICAN EXPRESS WONDERPARK
    Address: Shop 536 Womderpark Shopping Centre Karen Park Erf 900 Pretoria, Gauteng 0182
    Hours: 8:30 AM – 5:00 PM
    Phone: +27-12-549 0318

    KOLONNADE SHOPPING CENTRE
    Address: Shop 9a Montana Park Cnr De Vd Merwe Str And Zambezi Dr Pretoria, Gauteng
    Hours: 8:00 AM – 4:30 PM
    Phone: +27-12-548 0590

    BROOKLYN MALL
    Address: Shop 36 338 Bronkhorst Street New Muckleneuk Pretoria, Gauteng
    Hours: 8:30 AM – 4:30 PM
    Phone: +27-12-346 2599

    Worldremit

    MUKURU – HILLBROW
    Address: Shop 2, Highpoint Shopping Centre, C/o Claim and Kotze Street, Hillbrow, Johannesburg
    Hours: 9:00AM – 5:00 PM
    Phone: +27-11-720 0104

    MUKURU – KEMPTON PARK
    Address: Shop 6A, Kempton Place, 12 Pretoria Road, Kempton Park, Johannesburg
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-11-394 5200

    MUKURU – YEOVILLE
    Address: 1 Rocky Street Shop S12 Picadilly Centre Bellevue Johannesburg
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-11-024 2423

    Moneygram

    FNB ATM-ZA SELF SERVICE GAUTENG SOUTH
    Address: Gauteng South Outsourced 3 Johannesburg
    Hours: 12:00 AM – 11:59 PM
    Phone: +27-11-575 9404

    FNB – #2244100 – WITS AGENCY
    Address: WITS Agency Shop 11 WITS Matrix Building WITS University Johannesburg
    Hours: 12:00 AM – 11:59 PM
    Phone: +27-11-575 9404

    FIRST NATIONAL BANK – #251105 – JOHANNES
    Address: Schreiner Chambers CR Pritchard & Kruis Street Johannesburg, 2000
    Hours: 9:00 AM – 3:30 PM
    Phone: +27-11-333 3510

    Western Union

    TOWER BDC BEDFORD
    Address: Bedford Centre Bedford View Johannesburg, Gauteng
    Hours: 8:30 AM – 4:30 PM
    Phone: +27-11-6159807

    MASTER CURENCY ROSEBANK
    Address: The Mall Of Rosebank, Shop 225 Rosebank Johannesburg, Gauteng 2194
    Hours: 9:00 AM – 5:00 PM
    Phone: +27-11-788 0502

    MASTER CURRENCY NELSON MANDELA
    Address: Shop 115 Upper Level, Nelson M Sandton Johannesburg, Gauteng 2031
    Hours: 9:00 AM – 7:00 PM
    Phone: +27-11-783 9088

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    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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