Find the Best Way to Send Money from South Africa

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4 of the best companies for sending money from South Africa

Major banks can charge over 5% per transfer, eating into the money which should be in your pocket. We want to help you to find cheaper and easier ways to transfer, thats why our team of experts test, review and rate each provider service to find the best (and safest) options out there. Here are 4 of our experts favourite services, don't forget to use the comparison to find the cheapest deals!

Fee free

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OFX have been around for over 20 years, they offer better rates the more you transfer and have excellent customer service. They offer no fixed fees above $10,000 and a  2%-4%  rate margin. Transfers take 1 business day for major currencies and up to 3 business days for exotic currencies.

  • Best rates for large amount
  • Exceptional service
  • Locked in exchange rates
Best for over R150,000

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They are a peer-to-peer marketplace which means  you have the flexibility to wait for the best exchange rate or make an automatic transfer and they only take a small fee. They also send money to over 150 countries and are safe to use. They're a great option for larger transfers if you're not in a rush.

  • Best rates for large amounts
  • Can wait for better than market rate
  • Send to +150 countries
Best for small amounts

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Cash transfers are expensive, but WorldRemit are one of the cheapest options. With no minimum transfer amount and many different ways to receive currency in over 140 countries. They are best for sending cash to Africa and Asia.

  • Cash, Mobile wallet and Airtime top-up
  • Funds available in minutes
  • 24/7 customer support
Best for cash
Xoom  logo which links to company website

Cash transfers are expensive, but Xoom is one of the cheapest options. With no fixed fees over R150,000, they charge on average a 2%+ margin and offer a money back guarantee. Try to avoid paying by card as this can cost up to R700.

  • Cash available in minutes
  • Convenient pickup locations
  • Regulated by PayPal

You might also be interested in our other international money transfer reviews

We’ve listed some of our favourite money transfer providers above, but this doesn't mean they're the only great options. Check out our provider reviews for a summary of their services and what our experts think:

  • InstaReM logo
  • Revolut

How to transfer money internationally

  1. 1 Register

    With your personal details online with your chosen provider and select the amount you want to send.

  2. 2 Add recipients details

    Including their bank details, 8 digit account number and 6 digit bank sortcode or IBAN. Plus their home country address.

  3. 3 Add your ID

    Sending from South Africa you’ll need a valid scanned government-issued photo ID.

  4. 4 Pay and you're done!

    You can track your transfer until it's received.

For more detail read our guide on how to send money abroad

Seyma Mektepli
Seyma is an experienced content writer and editor-in-chief at Exiap, delivering informative articles on personal finance, and money transfers.
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Last updated
March 3rd, 2021