South Africa

Our Top Picks to Send South African Rand Abroad

Send RUB abroad and get the best rates

Sending money abroad can get expensive if using a bank or the wrong provider. However, thanks to specialist providers, sending money abroad can be much cheaper than it was a decade ago. New companies like TorFX and RationalFX have shaken the market, undercutting their competitors and offering youthe best deal out there.

Our Top 5 Picks

We’ve put together our top 5 picks for sending South African Rand abroad. Based on how many Rand you’d get for your transfer and other qualitative features, these are our recommendations for a ZAR FX transfer.

Currencies Direct logo

Currencies Direct

Currencies Direct is an international money transfer service dedicated to helping its customers save more when transferring money internationally. With 39 currencies to choose from (and others that can be discussed with the company itself), it is more flexible than other money transfer services. So long as there’s a bank account available, Currencies Direct will transfer and exchange your funds at a low flat rate.

Pros

  • No fees for 90% of its transactions.
  • Worldwide service.
  • Competitive exchange rates.
  • Low minimum transfer of £100.
  • Supports large transactions at a seemingly unlimited maximum.
  • Monitors exchange rates for your ideal transfer.

Cons

  • No cash pickup option.
  • Does not support all currencies (though you can contact them if yours isn’t listed).

Go to the Currencies Direct website


MoneyCorp logo

MoneyCorp

Moneycorp have been around for over 35 years with a focus on long-term customer satisfaction rather than short-term gains. Trading over 20 billion pounds each year in more than 80 currencies, Moneycorp offer plenty of transfer options in the currency of your choice.

Pros

  • Send money in minutes.
  • Transfer to a wide range of countries.
  • Exchange rates are updated regularly.
  • Multiple transfer options.
  • Trusted provider.

Cons

  • Can be more expensive than other transfer companies.

Go to the MoneyCorp website


TorFX logo

TorFX

TorFX is a strict money exchange and transfer company that focuses on getting your funds where they need to go quickly. Unlike other services, it requires that funds to be cleared by individuals who hold TorFX accounts. The money must be sent in advance before the transaction can be performed. TorFX cares about its customers, with clarity and friendly service two of its highest priorities.

Pros

  • Competitive exchange rates.
  • Free market news.
  • Fixed exchange rate protection.
  • Can save you 5% on bank exchange rates.
  • No bank charges or commissions.
  • Consult with currency experts.

Cons

  • Potential risks of exchange include market volatility.

Go to the TorFX website


Rational FX logo

Rational FX

RationalFX offer fast transfer services available 24/7. Set up in 2005 in London’s financial district, RationalFX is able to offer its 80,000 clients favourable exchange rates as they are able to buy currency at wholesale rates, saving customers as much as 10% compared to banks.

Pros

  • Get reports on the foreign exchange market for free
  • Transfer to a wide range of countries.
  • Exchange rates updated regularly.
  • Multiple transfer options.
  • Better rates with larger transfers.

Cons

  • RationalFX only allows bank to bank transfers.
  • You’ll need to be willing to pay a small transfer fee.

Go to the Rational FX website


CurrencyFair logo

CurrencyFair

CurrencyFair uses peer-to-peer technology to offer fast and affordable international money transfers. With its own foreign exchange marketplace, exchanges offered are set by its users. CurrencyFair offers a simple three-step transfer process to make it quick and easy to send money globally

Pros

  • Better exchange rates than banks.
  • Low fees – compare fees to other providers.
  • Simple and convenient transfer process.
  • Mobile app for transfers on the go.

Cons

  • There is no online chat service for customer support.

Go to the CurrencyFair website


If you would like to compare with other providers, see our full International Money Transfers comparison page.

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