Top 10 Money Transfer Services - South Africa
Dedicated account manager for each transfer above £2K
Simple & easy to set up account
Transfer speed: 1-2 days
Advertiser Disclosure
Advertiser Disclosure
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Service
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Features
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Score
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Transfer Money Now
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Experts in high vol. transfers
1
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Batch Payments in Multiple Currencies
Dedicated account manager for each £2K+ transfer
High credit rating (Dun & Bradstreet)
Good Money Guide awards winner, 2023 |
ZAR
 GBP
Low
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FCA, FinCen, FSCA
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Time to Open Account
A few minutes
Sending Options
Debit Card
Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Spot Contracts
& Forward Contracts
Rate
Alerts
5 Star
Trustpilot
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2
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For new customers: 10 Free Transfers
Simple & easy to set up account
Up to 8x cheaper than traditional banks |
EUR
CHF
Low
EUR
GBP
Low
EUR
AUD
Low
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ASIC, CBI
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Time to Open Account
A few minutes
Sending Options
Bank transfer
Mobile app Debit cards Receiving Options
Bank account only
Required Documents
Passport/ID/Driver’s Licence, Proof of address (eKYC)
Xero Integration
(Business)
Phone
Support
Payment
Tracking
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3
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Pay & get paid with a global account
Transfer Money in 55+ Currencies |
ZAR
 AUD
Med
ZAR
GBP
Med
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FCA, ASIC
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Time to Open Account
A few minutes
Sending options
Wire Transfer
Debit Card Receiving Options
Bank Account
Required Documents
ID Card, Proof of Address
Local Account
Solutions
Mobile
Transfers
Locked-in
Exchange Rates
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4
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No fees on transfers over £/$/€250
Transfer speed: 1-2 hours |
USD
GBP
Med
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FCA, FinCen, ASIC
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Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card ACH Direct Debit (US Only) Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Money Transfer
Tracking
Live
Rates
Advanced
Currency Solutions
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5
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Fast & easy service
Charges £10 for all transfers under £3k |
ZAR
USD
High
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FCA
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Time to Open Account
A couple of minutes
Sending Options
Mobile App
Debit Card (Visa/Mastercard) Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
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Latest Reviews
"Great service from Jeanette, she was really helpful in guiding me through the process and allaying any concerns and queries I had. So simple and easy, will definitely use the service again."
Pros
- No transfer fees or hidden charges
- Over 430,000 active clients & 25+ offices worldwide
- £10bn transferred annually
- Award-winning money transfer services
- You can transfer over the phone, online, or via their app
Cons
- Online transfer limit of £50,000 (or currency equivalent)
- Works best for large transfers (£2000+)
"I've used it for a few years and it's always been very easy, quick and reliable. Rates are very competitive. Definitely recommend."
Pros
- Regulation: CBI, ASIC, MAS and C&E HK regulated
- Reliable customer service: with native speakers in En, De & Fr
- Average commission of just 0.35%
- Refer friends to CurrencyFair and you could earn €50 each
- Currencies exchange: no minimum or maximum amount
Cons
- Sign up is restricted to certain countries
- Transfers can only be funded by bank transfers (no credit cards)
"OFX are the best. I've used them for years, always efficient, reliable and the best rates to boot."
Pros
- Over 190 countries covered, more than 50 currencies exchanged
- Local receiving accounts set up quickly and free of charge
- No transfer fees and/ or commissions
- Secure and fully regulated in each of the covered jurisdictions
Cons
- No live chat support option
- Some solutions seem overly complicated
How to Compare Money Transfer Services
Top10MoneyTransfer recommends checking the following features when comparing online money transfer companies so you can find the best provider for your international transfer.
Safety
Check your chosen money transfer provider is regulated by a government authority, to ensure your money is safe & protected when transferred. The main regulators include:
– FCA (Financial Conduct Authority), UK
– ASIC (Australian Securities and Investments Commission)
– FinCEN (Financial Crimes Enforcement Network), USA
Fees & Rates
Some money transfer services charge a fixed transaction fee, others take a percentage of the transfer sum, while some services waive the transfer fee completely. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully. Consider the above to find the most cost-effective solution for your transfer.
Customer Support
Check the customer support channels available are convenient for you. These generally include email, online chat, phone or online ticketing system. In addition, some money transfer services provide a personal account manager to assist with special transactions and important tasks. Try checking this beforehand, to avoid stress when you need help.
Sending & Receiving Options
It’s important to confirm the sending options offered by your preferred money transfer provider are convenient for you. You should also ensure that your recipient is able to easily collect the money sent. Common sending options include bank transfer or credit card. Common receiving options include bank transfer and cash pickup.
Transfer Amounts
Another important element to consider is the amount of money you wish to transfer. Some services offer better features and benefits for large transfer amounts or business transfers, while others better handle small transfer amounts or cash transfers. Use our comparison table to determine which provider best suits your money transfer needs.