Money Transfer South Africa
Compare the cheapest, fastest ways to send money in South Africa — domestic bank transfers, cash send, and international remittances. Save on fees every time.
Money Transfer Providers Compared
| Provider | Type | Typical Fee | Speed | Best For |
|---|---|---|---|---|
| Capitec Send | Domestic / Cross-border | From R0 (Capitec-to-Capitec) | Instant | Unbanked recipients, domestic cash |
| TymeBank | Domestic | R0–R8 | Instant | Low-cost domestic transfers |
| Mukuru | International (SADC) | Varies by country | Minutes to hours | Remittances to Zimbabwe, Mozambique, Zambia |
| WorldRemit | International (global) | Varies by corridor | Minutes | Online transfers to 130+ countries |
| OFX / TFG | International forex | 0% commission + spread | 1–2 business days | Large international transfers (R50K+) |
| SWIFT Bank Transfer | International | R200–R800 + spread | 2–5 business days | When required by recipient's bank |
Rates are indicative. Always verify current rates directly with providers before transacting.
Types of Money Transfers
Domestic EFT
Instant EFT between SA bank accounts. Free to R8 per transaction. Instant with most banks.
Cash Send
Send cash to a recipient who withdraws at ATMs or retailers. Ideal for unbanked recipients.
International Remittance
Send money abroad to family or businesses. Compare digital platforms for the best rates.
Business Forex Transfers
Larger international payments for trade, investment or property. Specialist forex brokers offer better rates than banks.
Related Money Transfer Services
Frequently Asked Questions
What is the cheapest way to send money in South Africa?
For domestic transfers, instant EFT between bank accounts is free with most SA banks. For lower-income recipients without bank accounts, services like Capitec Pay, Mukuru and Hello Paisa offer affordable cash-out options. For inter-bank transfers, your bank's real-time EFT service is typically cheapest at R2–R8 per transaction.
How do I send money internationally from South Africa?
You can send money internationally via banks (SWIFT transfers — expensive), forex specialists like TFG, OFX or Currency Partners, or digital remittance platforms like WorldRemit, Mukuru and Mama Money. The most affordable options for personal remittances are typically digital platforms, which can be 50–80% cheaper than bank SWIFT transfers.
How much can I send abroad from South Africa without SARB approval?
South African residents have an annual individual foreign investment allowance of R10 million and a single discretionary allowance of R1 million per calendar year — no SARB tax clearance is needed for amounts within these limits. Business transfers have different rules and require valid commercial documentation.
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