SEND MONEY AFRICA

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Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: Dec 15, 2016

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Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
Amount Received
Transfer Speed
Network Coverage
Firm
Mukuru
Product
Fee
137.00
Exchange Rate Margin (%)
0.85
0.85
Total Cost Percent (%)
10.8510.85
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
148.65
Amount Received
1,602.90
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
137.15
Exchange Rate Margin (%)
2.62
2.62
Total Cost Percent (%)
12.6312.63
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
173.03
Amount Received
179.45
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
157.22
Exchange Rate Margin (%)
7.08
7.08
Total Cost Percent (%)
18.5618.56
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
254.27
Amount Received
175.42
Transfer Speed
Network Coverage
Firm
ABSA
Product
Fee
240.00
Exchange Rate Margin (%)
2.94
2.94
Total Cost Percent (%)
20.4520.45
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
280.17
Amount Received
836.99
Transfer Speed
Network Coverage
Firm
First National Bank of South Africa
Product
Fee
265.00
Exchange Rate Margin (%)
2.62
2.62
Total Cost Percent (%)
21.9621.96
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
300.85
Amount Received
824.99
Transfer Speed
Network Coverage
Firm
Standard Bank
Product
Fee
260.00
Exchange Rate Margin (%)
5.87
5.87
Total Cost Percent (%)
24.8524.85
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
340.45
Amount Received
792.32
Transfer Speed
Network Coverage
Firm
Nedbank
Product
Fee
256.00
Exchange Rate Margin (%)
11.04
11.04
Total Cost Percent (%)
29.7329.73
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
407.30
Amount Received
1,292.24
Transfer Speed
Network Coverage
Bank Average
Fee
252.000.00
Exchange Rate Margin (%)
6.626.62
Total Cost Percent (%)
25.0125.01
Total Cost (ZAR) Total Cost (USD)
342.640.00
Total Average Dec 2016
19.8619.86
Total Average Sep 2016
18.7618.76
Money Transfer Operator Average
Fee
174.090.00
Exchange Rate Margin (%)
3.293.29
Total Cost Percent (%)
16.0016.00
Total Cost (ZAR) Total Cost (USD)
219.200.00
Total Average
Fee
207.480.00
Exchange Rate Margin (%)
4.724.72
Total Cost Percent (%)
19.8619.86
Total Cost (ZAR) Total Cost (USD)
272.100.00
Total Average in Sep 2016
Fee
206.780.00
Exchange Rate Margin (%)
3.663.66
Total Cost Percent (%)
18.7618.76
Total Cost (ZAR) Total Cost (USD)
256.950.00
Total Average Dec 2016
19.8619.86
Total Average Sep 2016
18.7618.76
Non-Transparent records
Bank account Card Cash Mobile On-line Prepaid card
Main city Major cities Nationwide Rural only Urban only
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Firm
Product
Fee
Exchange Rate Margin (%)
Total Cost Percent (%)
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
Amount Received
Transfer Speed
Network Coverage
Firm
MoneyGram
Product
Fee
205.73
Exchange Rate Margin (%)
2.62
2.62
Total Cost Percent (%)
8.668.66
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
295.31
Amount Received
469.04
Transfer Speed
Network Coverage
Firm
ABSA
Product
Fee
240.00
Exchange Rate Margin (%)
2.94
2.94
Total Cost Percent (%)
9.979.97
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
339.98
Amount Received
2,348.02
Transfer Speed
Network Coverage
Firm
First National Bank of South Africa
Product
Fee
265.00
Exchange Rate Margin (%)
2.62
2.62
Total Cost Percent (%)
10.3910.39
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
354.30
Amount Received
2,348.06
Transfer Speed
Network Coverage
Firm
Mukuru
Product
Fee
341.00
Exchange Rate Margin (%)
0.85
0.85
Total Cost Percent (%)
10.8510.85
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
369.99
Amount Received
3,989.70
Transfer Speed
Network Coverage
Firm
Standard Bank
Product
Fee
260.00
Exchange Rate Margin (%)
5.87
5.87
Total Cost Percent (%)
13.4913.49
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
460.01
Amount Received
2,248.47
Transfer Speed
Network Coverage
Firm
Western Union
Product
Fee
235.83
Exchange Rate Margin (%)
7.08
7.08
Total Cost Percent (%)
14.0014.00
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
477.40
Amount Received
462.97
Transfer Speed
Network Coverage
Firm
Nedbank
Product
Fee
256.00
Exchange Rate Margin (%)
11.04
11.04
Total Cost Percent (%)
18.5518.55
Total Cost (ZAR)sort descendingTotal Cost (USD)sort descending
632.56
Amount Received
3,658.64
Transfer Speed
Network Coverage
Bank Average
Fee
252.000.00
Exchange Rate Margin (%)
6.626.62
Total Cost Percent (%)
14.0014.00
Total Cost (ZAR) Total Cost (USD)
477.520.00
Total Average Dec 2016
12.2712.27
Total Average Sep 2016
11.2711.27
Money Transfer Operator Average
Fee
261.890.00
Exchange Rate Margin (%)
3.293.29
Total Cost Percent (%)
10.9810.98
Total Cost (ZAR) Total Cost (USD)
374.250.00
Total Average
Fee
257.650.00
Exchange Rate Margin (%)
4.724.72
Total Cost Percent (%)
12.2712.27
Total Cost (ZAR) Total Cost (USD)
418.510.00
Total Average in Sep 2016
Fee
259.580.00
Exchange Rate Margin (%)
3.663.66
Total Cost Percent (%)
11.2711.27
Total Cost (ZAR) Total Cost (USD)
384.360.00
Total Average Dec 2016
12.2712.27
Total Average Sep 2016
11.2711.27
Non-Transparent records
Bank account Card Cash Mobile On-line Prepaid card
Main city Major cities Nationwide Rural only Urban only
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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