Our fees are changing on transfers from USD to ZAR.

29.01.18
1 minute read

We have some news. Our fees are changing on transfers from USD to ZAR.

Here’s how much your transfers will now cost, depending on the amount you send:

Amount Old fee New fee Difference Payment method
$100 $19.60 $17.80 $1.80 cheaper Direct Debit
$250 $20.60 $19.30 $1.30 cheaper Direct Debit
$500 $22.40 $21.80 $0.60 cheaper Direct Debit
$750 $24.10 $24.30 $0.20 more Direct Debit
$1,000 $25.90 $26.80 $0.90 more Direct Debit
$2,500 $36.40 $41.80 $5.40 more Direct Debit
$5,000 $53.90 $66.80 $12.90 more Direct Debit
$10,000 $88.90 $101.80 $12.90 more Wire
$25,000 $193.90 $229.30 $35.40 more Wire
$50,000 $368.90 $441.80 $72.90 more Wire

The fee used to be $18.88 + 0.7%.

The new pricing will be:

  • $16.75 + 1.00% for direct debit and debit cards,
  • $16.75 + 0.85% for wire transfers (note that your bank is likely to charge you $25-50, on top of our fees, for wires),
  • $16.75 + 2.70% for credit cards.

Borderless pricing

There are new prices for topping up your borderless account and converting from USD to ZAR too. It now costs 0.85% to convert your dollars and R146.50 to withdraw them into another bank account. To top up your borderless account, the fees are now:

  • 0.15% for direct debit or debit card,
  • 1.85% for credit cards,
  • Free for bank transfers.

You can read more about why we've made this change here.

TransferWise is the smart, new way to send money abroad.

Find out more