NewsCase StudiesEvents

Foreign Exchange in South Africa

South Africa

Foreign Exchange in South Africa

South Africa related forum posts

 

  1. Selling my Franchise

    Hi My husband and I have franchised our travel business. How easy or difficult would it be to sell our UK franchise to South Africans? Is it very complicated in relation to the authorities? We will continue to live in the UK but are prepared to travel to South Africa whenever required. We are also hoping to communicate via the internet to keep in touc

    Total Posts: 8 Last post by ElizaSmith

  2. I need loan to expand my existing business in South Africa

    Hi Guys,I am looking to secure funding for my existing South African venture. Which is very successful and has huge potential to grow in to one of the prominent IT Distributon company for Southern Africa region. Please get in touch if you want to invest or fund in intrest.Thanks Samir Doshi

    Total Posts: 2 Last post by sandownpark

Foreign Exchange in South Africa

When doing business in South Africa or looking to set up there, one key thing to consider is how to make payments to and from South Africa and how the exchange rate (between South African Rand and your current home currency) can affect your costs, profits and budgeting. We save time and money on all international payments and transfers by you using our secure and seamless online service.

Register to send and receive funds to South Africa and ensure you are getting the best exchange rates and the most money into your accounts. Register a new account or login now.

  • 4% savings compared to banks
  • 24/7 online support from the UK
  • Free payments over £3,000
  • Full payment reconciliation
  • Free to register an account

Facts

The official currency of South Africa is the South African Rand, also known as ZAR.

How to send money to South Africa for free

Simply register online and follow our straightforward booking process. You will need to have the following details handy to make a transfer to South Africa;

  • Beneficiary name Please enter the full beneficiary name to enable the bank to accept the payment. No nicknames.
  • Bank name Please enter the full name of financial institution
  • Bank Account Number - The recipient's bank account number
  • Swift code or South African Bank Code - A Swift code consists of 8 or 11 characters, both numbers and letters. Alternatively we can send the payment with the South African Bank Code combined with the account number.
  • You may want to add a reference that is relevant to your payment

Additional foreign exchange services

MultiPay Multiple outbound payments

Whether you pay one or hundreds of overseas invoices per month, we manage, convert, track and deliver your funds in one simple step. You send one spreadsheet detailing beneficiaries, amounts and currencies. We fulfill all payments at our bank beating rates, with just a single payment required from you to settle all payments.

AutoPay - Regular inbound payments

Do you receive foreign currency payments on a regular basis? If so then AutoPay is the ideal solution for seamlessly managing your payments.Using our currency account details on your overseas invoices you can have your funds converted into the currency of your choice at our bank beating rates and sent to your bank account automatically and with no delay, saving you time and money.

Book a forward contract

If you have a foreign exchange requirement in the next 12 months and wish to protect yourself against potential losses caused by market movements then booking a forward is the best way to receive the rate you want.Contact our support team for hands on help.

Place an Order

Booking an Order allows you to select the exchange rate you would like to achieve and we will handle the rest for you, and will automatically book your currency exchange if your rate becomes available.

Register

Click here to Ask an Expert about Foreign Exchange in South Africa

Organisations that can assist with Foreign Exchange

  • > OKX

    With OKX, an established crypto exchange, you can buy, hold, and exchange a large selection of cryptocurrencies.

    More Details Visit Website
  • > Currensea

    Wave goodbye the international payment fees. Zero fees. Zero hassle.

    More Details Visit Website
  • > Money Transfer Comparison

    Money Transfer Comparison reviews and rates money transfer service providers. Up to date it has reviewed more than 30 different companies.

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.