When you make a transfer to ZAR in South Africa, or a transfer to Japan which is over 1 million JPY, we send it to your recipient as a SWIFT transfer.
The SWIFT international payment network is one of the largest financial messaging systems in the world.
Usually when a SWIFT transfer is made through a bank, the recipient will be charged a fee by any banks that handle the money along the way.
When sending money to ZAR with TransferWise, we cover all fees from any intermediary banks and the receiving bank. This means that the amount we promise to deliver should be the exact amount your recipient gets.
For JPY transfers, depending on the receiving bank, there might still be additional fees.