Best Ways for Specific Countries
Below, you can check out the best ways to transfer money to and from South Africa in some specific countries. These are the most popular corridors.
Send money to South Africa from the USA
If you’re looking to send money from South Africa from the USA, you want to do so using Wise. If you’re looking for the cheapest option, Wise will give you the best rate and fees. While it may take longer than some other apps, it’s the way to go if you’re interested in the best price possible.
For a $1000 transfer, you will save up to $32 compared to a regular bank transfer.
If fast is the way to go for you, check Ria Money Transfer. Your receiver will get their money in 15 minutes or less, provided that you use a credit or debit card in the transaction. The transfer fee is only $4.
Most money apps don’t support transfers from South Africa. If you’re interested in an outgoing transaction, you might have to opt for a traditional banking solution or maybe Revolut, which supports such transfers but at a higher fee.
Send money to South Africa from the UK
In this case, use TransferGo. For a small fee of around 1£, you will get the best rate of all the money transfer apps and a fast turnaround.
And again, for a faster transfer, be sure to give Ria Money Transfer a go, for the same reason as the example above. If you’re using Ria, and use a debit card for your transaction, your money will be delivered in 15 minutes (on average). TransferGo can only do 30 minutes and for a higher fee.
Send money to South Africa from Germany
To send money from Germany to South Africa, the best way to go for a cheap and fast transfer is Wise. The app formerly called TransferWise will give you the best rate.
As far as delivery time, Wise will take up to 5 days, so your best option will be either Ria or Revolut. The former will guarantee 15-minute delivery (when using a debit/credit card), while the latter ensure same-day delivery, no matter the transaction method.