ZAR Transfers

ZAR Transfers

Here you'll find everything you need to know about sending to South African Rand.

Check the latest fees

Please note: ZAR Transfers are made via the SWIFT international transfer network, which means they may be more expensive than other transfer routes. You can learn more about SWIFT here.

We use SWIFT network only if your payment can't be sent out locally - and we'll always share the fee with you upfront.

ZAR payments are sent out locally via our South African partner Exchange4Free, if:
  • your transfer is personal; and
  • you provide your recipients' email address so they can be emailed by our partner; and
  • your recipient was created after 17th September 2018.
Recipient bank regulations: When receiving money from abroad, your recipient needs to fill out a mandatory form in order to send a report to the South African Reserve Bank. So our South African partner Exchange4Free will email your recipient with a link to this form.

This is due to South African regulations and needs to be done once a year and per recipient only.

If the information isn't provided on time, the bank may reject the payment. If this happens, we'll let you know.


Sending to ZAR

Basic Information   Notes
Delivery time* 0-1 working days *After payout. Please keep in mind that TransferWise can take up to two working days to convert your funds from receiving the deposit
Minimum amount (per transfer) Minimum 1 ZAR There is no maximum limit.
Countries we can send to South Africa only  
Additional Receiving Banking Fees Yes* * We cover the SWIFT fees that the receiving bank charges your recipient. You can read more about this here.
Required Details    
Recipient Full Name Yes Please include first name and surname.
Recipient Local Account Number Yes Local account numbers should be 7-16 characters
Recipient Bank Name & BIC/SWIFT Yes Chosen from dropdown menu
Amount Lock Transfers Yes  

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