Money Transfer Services – Send Money Online

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Money transfer services are ideal for dealing with smaller amounts or one-off transfers to almost anywhere in the world safely. The below comparison table lists a variety of money transfer companies that can offer some of the most competitive rates on the South African market and a range of transfer methods. The right service will be the one that best suits you and your recipient's needs and you can easily browse and compare companies to find one that most appeals. Make sure you look at all the features of each service before making your decision.

If you need to send money to family, friends or even staff abroad a money transfer service is a low cost and effective way of doing it. When you choose a money transfer specialist to send money you nearly always get a better exchange rate than if you were to go through your bank. They are a really secure way of sending money across the world. There are a range of transfer methods but the exact option you can use will depend on the service provider you choose. It is worth remembering that different transfer methods will cost different rates. Generally online money transfer is the cheapest. Whatever your transfer needs, the services offered by these companies are easy to use and can be completely free.

When compared to banks the rates offered by money transfer companies will be far more competitive and much closer to the interbank rate. Better exchange rates mean you can save a lot of money. Also Money transfer companies are experts in international transfers. You will work directly with currency specialists who are leaders in working with currency exchange. They can offer you all their experience and knowledge of the exchange market. When comparing different services make sure you choose the right service for your transfer needs and be aware of any fees that might be required. Also look at the transfer speed and whether there are minimum or maximum amounts.

Please note you are transferring over a certain amount foreign exchange brokers are best used for larger transfers and transactions as they can get better rates on the transfer. Foreign exchange brokers can transfer funds internationally for customers. As currency exchange is the main focus for foreign exchange brokers they can get customers a rate that is as close to the interbank rate as possible. You will also be assigned a dedicated broker who will personally work with you to achieve your goals.

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COMPANYFEES

FEES

Transfer fees

PAYMENTS

PAYMENTS

Methods of payment

TRANSFER METHODS

TRANSFER METHODS

Different transfer methods

TRANSFER SPEED

TRANSFER SPEED

Time taken for transfer

MIN

MIN

Minimum transfer

MAX

MAX

Maximum transfer

CCY

CCY

Currencies available

LOCATIONS

LOCATIONS

Transfer destinations available

REQUIREMENTS

REQUIREMENTS

Requirements for customer

MORE INFO

UK Forex Money Transfer
UK Forex Money Transfer

R50 under R29,900 Free over R29,900Electronic Bank Transfer, BACS, CHAPSOnline, Telephone1-3 daysR7160Unlimited21

Currencies

1. Australian Dollar
2. British Pound
3. Canadian Dollar
4. Euros
5. Danish Kroner
6. Fiji Dollar
7. Hong Kong Dollar
8. Japanese Yen
9. New Zealand Dollar
10. Norwegian Kroner
11. Papua New Guinea Kina
12. Polish Zloty
13. Singapore Dollar
14. South African Rand
15. Swedish Krona
16. Swiss Franc
17. Thai Baht
18. US Dollar
19. Mexican Peso
20. Philippines Peso
21. Indian Rupee

Locations

Locations

Worldwide

Requirements

Requirements

Online application (Photo ID, Proof of address depending verification)

UK Forex Money Transfer
UKForex offers excellent rates on Foreign Exchange, whether emigrating, buying a holiday home or purchasing goods overseas, UKForex can help you with your money transfer and make significant savings. With access to a 24hr dealing desk manned by efficient and friendly staff giving you peace of mind that your funds are dealt with safely and securely. Please make sure that you read the terms and conditions before you make a money transfer so that you fully understand the process. Click here for more information regarding UK Forex. DETAIL INFORMATION >>Services

Services

Please see UKFOREX website for Terms & Conditions


Advantages

Advantages

1. Global 24hr dealing desk.
2. Live market prices online.
3. Access to a dedicated dealer
4. Online or phone execution.
5. Forward Exchange Contracts.
6. Limit Orders.
7. Complete price transparency.
8. Buying and Selling all major currencies.


Disadvantages

Disadvantages

1. No cash payments.
2. No credit or debit cards accepted.

FTT Global Money Transfer
FTT Global Money Transfer

R65 below R18,950 Free above R18950Electronic Bank Transfer, BACS, CHAPS, SwiftOnline, Email, Phone,1-3 daysR632Unlimited28

Currencies

1. Australian Dollars AUD
2. Bahraini Dinar BHD
3. Canadian Dollars CAD
4. Czech Koruna CZK
5. Danish Krone DKK
6. Dihrams UAE AED
7. Euro EUR
8. Hong Kong Dollar HKD
9. Hungarian Forint HUF
10. Iceland Krona ISK
11. Indian Rupee INR
12. Israeli Shekel ILS
13. Japanese Yen JPY
14. Kuwaiti Dinar KWD
15. Mexican Peso MXN
16. New Zealand Dollar NZD
17. Norwegian Krone NOK
18. Polish Zloty PLN
19. Pounds Sterling GBP
20. Qatari Rial QAR
21. Saudi Riyal SAR
22. Singapore Dollar SGD
23. South African Rand ZAR
24. Swedish Krona SEK
25. Swiss Francs CHF
26. Thai Baht THB
27. Turkish Lira TRY
28. United States Dollar USD

Locations

Locations

Worldwide

Requirements

Requirements

Online application, Photo ID and/or Utility bill required for non UK residents

FTT Global Money Transfer
FTT Global provides international payments for individuals and businesses. Make a payment in 3 simple steps. Bank beating exchange rates guaranteed, 24/7 support from our dedicated UK-based team, secure, online booking & access to your account. FTT use the smartest technology in the industry to make exchanging currencies and sending international payments fast, easy, cheap and secure DETAIL INFORMATION >>Services

Services

N/A


Advantages

Advantages

1. Open an account instantly.
2. Live exchange rates (guaranteed)
3. Online or over the phone booking
4. Each transaction underwritten up to £1M.
5. Forward Exchange Contracts.
6. Set a rate alert
7. 24/7 UK support


Disadvantages

Disadvantages

1. No credit or debit cards accepted.
2. No cash payments.

1st Contact Forex
1st Contact Forex

R0 above R25,000Electronic bank transfer, BACS, CHAPSBank to Bank1-3 working daysR5000Unlimited17

Currencies

1. Euro
2. Aus Dollar
3. NZ Dollar
4. SA Rand
5. Polish Zloty
6. US Dollar
7. Swiss Franc
8. Swedish Krona
9. Czech Krona
10. Turkish Lira
11. UAE Dirham
12. Hong Kong Dollar
13. Indian Rupee
14. Japanese Yen
15. Kenyan Shilling
16. Zambian Kwacha
17. Sri Lankan Rupee

Locations

Locations

Worldwide

Requirements

Requirements

Online application. Photo ID & Proof of address required

1st Contact Forex
1st Contact forex offer a speedy, secure and cost effective international money transfer service, with excellent exchange rates guaranteed to beat any bank. Fully compliant and regulated, 1st Contact Forex is renowned for beating the banks and saving their clients’ money. 1st Contact can also deal with 17 currencies for a very quick transfer. Please make sure that you read the terms and conditions before you make a money transfer so that you fully understand the process. Click here for more informaton regarding 1st Contact. DETAIL INFORMATION >>Services

Services

1. Spot transactions


Advantages

Advantages

1. Great exchange rates
2. No transfer fees above R25 000
3. No hidden costsand commission
4. Registration is free with no obligation to trade
5. Personal service with dedicated dealers
6. Authorised Financial Service Provider 41900 registered with the Financial Service Board


Disadvantages

Disadvantages

1. Photo ID & Proof of address required additional documents discussed on a case by case basis.

Rational FX
Rational FX

Online transfers are Free | Telephone transfers R64Credit card, debit card, electronic bank transfer, iDeal, ELVOnline, Telephone, Bank to BankMinutes on major currencies and up to 48 hours on exotic currencies.R634Unlimited40

Currencies

1. British Pound
2. U.S Dollar
3. Euro
4. Australian Dollar
5. Bahrain Dinar
6. Barbarian Dollar
7. Canadian Dollar
8. Croatian Kunar
9. East Caribbean Dollar
10. Egyptian Pound
11. Hong Kong Dollar
12. Hungarian Forint
13. Indian Rupee
14. Indonedian Rupiaj
15. Israeli Shekel
16. Jamaican Dollar
17. Japanese Yen
18. Jordanian Dinar
19. Kenyan Shilling
20. Kuwait Dinar
21. Latvian Lat
22. Lithuanian Lita
23. Mauritius Rupee
24. Mexico New Peso
25. Moroccan Dirham
26. New Zeland Dollar
27. Norweigian Kroner
28. Oman Rial
29. Polish Zloty
30. Qatar Rial
31. Romanian Leu
32. Saudi Riyal
33. Singapore Dollar
34. South African Rand
35. Swedish Krona
36. Swiss Franc
37. Thai Baht
38. Tunisian Dinar
39. Turkish Lira
40. UAE Dirham

Locations

Locations

Worldwide

Requirements

Requirements

Online application requires passport and driving licence

Rational FX
RationalFX allows clients to safely transfer money internationally direct to bank accounts overseas and save money. Regular transfers or one off transactions can be made from R635 up to R317,000 online (or unlimited over the phone). There are no transfer fees and the service is 0% commission. Transfers reach destinations in minutes on major currencies and up to 48 hours on exotic currencies. Please make sure that you read the terms and conditions before you make a money transfer so that you fully understand the process. DETAIL INFORMATION >>Services

Services

Money Transfer Service


Advantages

Advantages

1. Worldwide payments in minutes
2. Payments up to R317000 online or unlimited over the phone
3. No transfer fees
4. Authorised by the FSA
5. Clients funds are securely held in a segregated client account by our banking partner Barclays


Disadvantages

Disadvantages

No cash Payments

Skrill
Skrill

1% (max. ZAR 142.49)Online Debit, Credit Cards, Bank TransferOnline, Email, Bank Transfer, ChequeInstantR 64R 3206839

Currencies

1. Euro
2. British Pound
3. Bulgarian Lev
4. U.S. Dollar
5. Australian Dollar
6. Canadian Dollar
7. Czech Koruna
8. Danish Krone
9. Estonian Koruna
10. Hong Kong Dollar
11. Hungarian Forint
12. Israeli Shekel
13. Japanese Yen
14. Lithuanian Litas
15. Latvia Lat
16. Malaysian Ringgit
17. New Taiwan Dollar
18. New Turkish Lira
19. New Zealand Dollar
20. Norwegian Krone
21. Polish Zloty
22. Singapore Dollar
23. Slovakian Koruna
24. South-African rand
25. South-Korean won
26. Swedish Krona
27. Swiss Franc
28. Thailand Baht

Locations

Locations

Worldwide

Requirements

Requirements

Online application

Skrill
Skrill is a leading international payment system and offers a money transfer service. You can send money online instantly around the world - all you need is an email address and to register free with Skrill. You can even collect money via email. Skrill offers low cost, fast and secure money transfers to friends and family or your own bank account, home or abroad. You can send and receive money to over 200 countries; whether you decide to send money back home to your family and friends, or even to small businesses! DETAIL INFORMATION >>Services

Services


Advantages

Advantages

1. Payments are in "real-time" - in other words instant
2. No other details such as bank account are required - just an email address
3. Financial information is kept safe
4. Clear fees and fee calculator


Disadvantages

Disadvantages

1. Could be easy to make mistakes
2. ZAR 42.03 to withdraw money

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Compare Money Trasfer Services

You can use a money transfer service to send money to anywhere in the world.

Online Money Transfer services

At the touch of a button you can send money online to pretty much anywhere in the world. There are many reasons why people need to transfer money out of South Africa. It could be you want to make a payment to friends, family or staff somewhere or you are paying for property maintenance fees.

Whether you are looking for a one off transfer or you want to set up regular transfers the companies listed above can help. Whatever your transfer needs, the services offered by the above companies are convenient, easy to use and can be completely free.

Online money transfer services are easy to use and you will be offered some of the most competitive exchange rates.

You can get the best exchange rates

Money transfer companies work with live exchange rates 24 hours a day so you be sure you are getting the best exchange rate available.

When compared to banks the rates offered by money transfer companies will be far more competitive and much closer to the interbank rate. Better exchange rates mean you can save a lot of money. Banks will also apply a significant margin to their rates and there may be other fees involved which can make the transfer expensive especially if you are making multiple transfers.

What can Money Transfer companies do for you?

Money transfer companies are experts in international transfers. You will work directly with currency specialists who are leaders in working with currency exchange. They can offer you all their experience and knowledge of the exchange market.

You can be sure you are receiving a tailor made and personalised service that is designed to suit your transfer needs and rely on support and guidance whenever you need.

The services above use the most secure, reliable methods so you can be confident that your money will arrive where you need it, when you need it.

Protect yourself against Foreign Exchange fluctuations

A great advantage of using a money transfer service is that you are reducing the amount of risk that you face as a result of foreign exchange fluctuations. You will work with specialists who will advise you on the best time to buy and sell. Another benefit is that you will have to option of fixing the exchange rates.

Most companies offer online accounts so you can easily manage your account whenever you need to. Online services are particularly useful if you are doing lots of payments a month by helping you automate payments and there is a high level of online security to keep your money safe.

How do you find the right Money Transfer service for you?

You need to make sure you find the right service that suits both you and your recipient because the right money transfer service will depend on your individual transfer needs. For example, where you want transfer money to, what transfer method you want, how much you are looking to transfer and how long you want the transfer to take will all affect which is the best service for you.

Money Transfer - Latest News News and Charts

Money transfer services – easy, fast and secure

09 April 2013
Mark Maffia

Everybody who needs to send money abroad to family, friends or maybe staff can go to their local bank. A money transfer with them will take a certain amount of time and will include costs. If one would like to benefit from much better exchange rates then a bank can offer and also from lower fees and a speedier transfer one should consider the services of a good money transfer company.

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