Send money to South Africa

Compare transfer companies to get the most rand for your pounds.

Promoted

Wise (TransferWise)

Wise (TransferWise) logo
  • Sign up and start sending money within minutes with this peer-to-peer transfer service
  • Transfer money at the mid-market exchange rate
  • No hidden fees
  • Transfers from pounds typically only take one day
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Online money transfer companies usually offer the lowest fees and the most competitive exchange rates to send money to South Africa, often beating your local bank by a long shot. If you’re sending money by phone, online or through a mobile app, compare fees, rates and speed to get the best deal.

Compare services that send money to South Africa from the UK

Table: sorted by promoted deals first
Our table below lets you compare the services you can use to send money abroad. Choose if you want to send under or over £10,000, and you’ll be shown a list of services that can help you.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Wise (TransferWise)
Within an hour
From £3.75

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
TorFX
24 hours
£0

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TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Central FX
24 hours
£0

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Central FX's dedicated team will guide you or your business from first call to final payment.
Currencies Direct
Within an hour
£0

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
CurrencyTransfer
24 hours
£0

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CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE Money Transfer
Within minutes
£2
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

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XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
Within an hour
From £3.75

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
CurrencyFair
24 hours
€3
SPECIAL OFFER ✓ Zero fees on your first 10 transfers

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CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
PassTo
PassTo
24 hours
From £0.99

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PassTo specialises in remittances to bank accounts and cash pickup locations in 45+ countries.
Azimo
Within minutes
From £0.99
SPECIAL OFFER ✓ First two transfers free for new customers.

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New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Remitly
Within minutes
From £1.49
SPECIAL OFFER ✓ Free transfers and better exchange rates for new customers

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Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From £1.99
SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

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Send money to Cameroon with zero fees. Valid till 20 October 2021. T&Cs apply.
New customers spend GBP 20 and use code TAKE10 for a GBP 10 discount. Valid till 7 November 2021. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

What’s the best way to send money to South Africa?

Online money transfer providers typically offer the strongest exchange rates and lowest fees to send money to South Africa. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times.

Digital money transfer services

Companies like OFX and CurrencyTransfer specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s South African bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram allow you to transfer cash for pickup at a local branch in South Africa – often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. If a cash pickup is necessary, look to digital services like WorldRemit or Remitly when possible.

Banks

The South African rand (ZAR) isn’t a popular currency, so your local bank probably won’t be able to exchange GBP for ZAR. If your bank does support the South African rand, beware of high fees and wide margins on the exchange rate compared to digital and other options.

Let’s crunch the numbers: Sending £1,000 to South Africa

Let’s say you need to send £1,000 to ZAR, to family in South Africa. Here’s what you might face as far as fees and exchange rates as of 24 September 2020.

Digital money transfer serviceCash transferBank transfer
Fee£0£3.99£20 + additional correspondent bank fees
Exchange rate1 GBP = 21.63 ZAR1 GBP = 20.70 ZAR1 GBP = 19.80 ZAR
Transfer speed1-2 dayMinutes2-5 days
Amount receivedZAR 21,638ZAR 20,708ZAR 19,805
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the digital money transfer service, your recipient ends up with ZAR 1,833 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to South Africa in as little as 15 minutes.

How to send money to South Africa online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their South African bank account details.
  3. Confirm transfer details. Double check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to South Africa. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to South Africa

Weigh costs and fees against convenience, and learn how to compare providers that send money to South Africa to meet your needs:

  • Exchange rates. The GBP to ZAR relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of South African rand you’re sending.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to South Africa.
  • Minimum limits. Average incomes vary widely between the UK and South Africa, which means companies with high minimums transfers may not be your best choice.
  • Transfer methods. Whether you want money sent to a South African bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send an emergency cash transfer to South Africa

When it’s more important to send money to South Africa quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to South Africa without a bank account

If you don’t have a bank account, you can still use cash transfer services to send money to South Africa. Similarly, a recipient can get the money with a cash transfer if they don’t have a bank account. These services are widely available around the world and although they’ll typically not be the cheapest available, they can be fast and convenient.

South Africa’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. South Africa’s exchange rate is flexible compared to the pound sterling, which means it sometimes shifts a few rand a month, if not more. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today’s exchange rate GBP to ZAR

1
0
Updated: 19 Oct 2021 18:19:23 UTC

Documents needed for sending to and receiving money in South Africa

To send money to South Africa from the UK, you’ll need government-issued ID and other documents, while documents needed to pick up money in South Africa may be different by company.

Documents to send money from the UK

To send money to South Africa from the UK, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s licence, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, South African bank account and routing number.

Documents to receive money in South Africa

To pick up money in person, documentation can include:

  • Transfer number. The person sending money can forward the transfer’s confirmation details – called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A South African passport, a South African National ID card, a South African driver’s licence, a foreign passport with visa or refugee card or similar government-issued ID.
  • Proof of address. South African residents may have to prove their address using a utility bill or something similar.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

What to watch out for

If you want to send money to South Africa from the UK you could be subject to both taxes in both countries, depending on how much money you are sending. The primary tax to pay attention to is the Donations Tax, which is regulated by the South African Revenue Service.

Learn more about using the South African rand in South Africa

Bottom line

It shouldn’t cost a fortune to send money to South Africa. Compare transfer companies that specialise in foreign for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, use our country specific guides the next time you need to make a transfer.

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2 Responses

    Default Gravatar
    wendyOctober 15, 2017

    i want to do a transfer from a bank in uk to south africa…according to the bank i must first pay a fee here in south africa which is a demuurage fee…as soon as it is paid then only they can make the transfer…i ask them to deduct the fee from the uk account as this account is also under my name…they say they cant…is this legal at some banks in uk???

      Default Gravatar
      DanielleOctober 15, 2017

      Hi Wendy,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      That depends on your bank, while banks can certainly send money overseas for you, their fees are often higher compared to companies that specialize in international money transfers. You may refer to this page for other options that may suit your needs. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

      I hope this helps.

      Cheers,
      Danielle

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