Listed below are some of the money transfer brokers who can offer you a better currency exchange rate when transferring money abroad. Or search our list of approved FSA brokers
It is advised that if you are making regular transfers to use a foreign exchange broker to ensure you get the most out of your money exchange rate.
Currency for South Africa
The Rand (ZAR) is the official currency of South Africa. South Africa's currency is One Rand consists of 100 cents. Notes are in denominations of R200, 100, 50, 20 and 10. Coins are in denominations of R5, 2 and 1, and 50, 20, 10 and 5 cents.
Credit Cards accepted
The following credit cards are accepted American Express, Diners Club, MasterCard, Visa and others are all accepted, .Except at petrol stations where is is required. Always check with your credit card company for details of merchant acceptability and other services which may be available before you go on holiday or travel aboard / overseas
Traveller's cheques
Travellers cheques are accepted best to have either US Dollars or Sterling, You can change travellers cheques at most banks, four and five star hotels, bureaux de changes and major shops commission is charged
Currency restrictions
Visitors are restricted to bringing in and taking out a maximum of R5000 in cash
Making regular transfers use compare money transfer to see foreign exchange companies offering currency deals.
Sending money to South Africa is easy you can pay your mortgage, Importing or exporting or even pay oversea suppliers quick and easy by direct debit? No matter who you intend to pay use a foreign exchange broker it is cheaper than using high street banks.
