4 of The Best Ways to Send Money from South Africa to Australia

Sending money from South Africa to Australia can be full of hidden fees and costs.

Here's how to avoid them.

Not all exchange rates are equal. Depending on your situation, some banks or money transfer companies are better than others.

We've looked at your best options for money transfers to an Australian bank account from South Africa. There is also a handy money transfer comparison tool that will help you find the cheapest way to transfer money based on your currency and amount.


How to send money from South Africa to Australia using a money transfer provider

  • Step 1
    Thankfully, you only have to do this once. You'll have to register your details like name, address email and provide some identification.
  • Step 2
    You'll need to enter the bank account details of the person you are transferring the money to. This is also when you lock in the exchange rate.
  • Step 3
    Before the money is transferred overseas, you'll need to pay for it. All companies offer their bank account details for a direct bank transfer. Most companies offer Bpay and some even allow you to pay using a debit or credit card.
4 Tips for Making an International Money Transfer 4m 08s

So, what is the best way to transfer money to Australia from South Africa?

The best way to send money to Australia can depend on your goal. Choose from the options below or compare exchange rates to find the best deals.

Sending money to family and friends

It can be hard living away from your family, especially if you're spending extended periods of time away from home. This is especially true when it comes to missing important events with your friends and family. If you're looking to send a small amount of money home, you want to be careful of any fees you're being charged. And if you're sending a large amount, it's even more important to take into account the exchange rate you're offered for the transfer.

This is the main reason why you should search for providers that suit your needs, and compare all your options before making a transfer.

When sending money family and friends, consider using OFX.


OFX is the largest Australian owned money transfer company. They have an easy to use website and access to 24 hour customer support if you need it when making your transfer. They are an excellent option for safe regular transfers, and usually have much better rates than the banks.

OFX normally charge a fee for smaller transfers, if you use The Currency Shop's link this will be waived. Meaning you only have to look at the exchange rate.

Related Review: Learn more about OFX here.


  • Better exchange rates when compared to the banks.
  • Highly safe and secure transfers.
  • 1 - 2 days transfer times for most countries.
  • Quick response time and good customer service.


  • Credit cards, cheques and cash are not accepted.
  • Have to sign up to get an accurate quote.
  • Can take a while to set up an account as they have very strict ID verification processes.
  • They are not licensed to provide financial advice.

Transferring a large sum of money

If you're sending a large amount of money to Australia, the most important things to consider are:
1. The safety and security of your money.
2. The exchange rate being offered.
3. Any extra fees.

When transferring a large amount of money, consider using TorFX.


TorFX specialise in making transfers of higher amounts. A big reason why we like them for making large transfers, is that they provide a personal account manager for every customer. Having someone to talk to is particularly important when sending a large amount of money.

They also offer much better rates for large transfers and don't charge any fees. While their email and phone support is exceptional, their online platform is not the easiest to use. Which can be frustrating if you like doing everything online. Also, keep in mind that they may not be the cheapest option for smaller transfers.

Related Review: Learn more about TorFX here.


  • No transfer fees.
  • Highly competitive exchange rates.
  • Assigned account manager.
  • Range of transfer options.


  • Limited exotic currencies available.
  • Exchange rates on small transfers aren't great.
  • Website experience could be better.

Transfer money without a fee

Sometimes it feels like you get charged for everything.  Unfortunately, international money transfers are no different. Australian banks can charge you anywhere from $10 to $30 to transfer money overseas. But it's not all bad news. There are money transfer companies that let you do it without charging a fixed fee.

If you want to transfer money without a fee, consider using XE Money Transfers.


Outside of a bank, XE is one of the largest and safest companies in the world. They are a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year.

They offer better rates for large transfers, charge no fees and have good customer service if you need help with your transfer.

Related Review: Learn more about XE here.


  • Well known and trusted brand.
  • No international money transfer fees, or minimum transfer amount.
  • Accessible customer service.
  • Business and individual support.


  • Limited currencies available to transfer.
  • Maximum transfer size of $500,000
  • They do not accept payment by cash or cheque.
  • No customer service on weekends.

Moving to Australia

If you’re heading to Australia, every dollar counts.

The most important things to consider are the rate and fees. But you also want to use a company that is both licensed in the country you're sending money from and in Australia.

When transferring money to and from Australia, consider using TransferWise.


We like TransferWise for anyone moving to Australia, because of their Borderless Account which comes with a debit card. It allows you to hold, receive, transfer and spend different currencies including Australian Dollars (AUD). This is particularly useful because you can have an Australian Dollar account before you arrive, making the move a lot less stressful.

Related Review: Learn more about TransferWise here.


  • Clear and transparent exchange rates fees.
  • The online experience is first class.
  • Like the banks, they are regulated by ASIC and registered with an AFSL.
  • Their Borderless Account is like a foreign currency account.


  • There are currently a number of global currencies they do not support.
  • Limited support based in Australia.
  • Percentage based fee can add up on very large transfers.
Compare the Best Money Transfer Rates to Australia from South Africa

The best deal for you

OFXRead ReviewTotal (AUD)$961.58Exchange Rate0.0971Transfer FeesR100.00Transfer Time1-3 DaysLearn MoreTotal (AUD)$961.58Rate Updated less than 6 mins ago
So, sending 10,000 ZAR to Australia comes to $961.58 including R100.00 in fees
So, sending 10,000 ZAR to Australia comes to $961.58 including R100.00 in fees

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.


  • Better exchange rates compared to banks
  • Highly safe and secure transfers
  • 1 - 2 days delivery times for most countries
  • Quick response time
  • Fantastic customer service


  • Credit cards, cheques and cash are not accepted
  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers

Frequently asked questions

How long does it take to send money to Australia?

Paypal and Western Union (cash pick-up) are the fastest options. The transfer can be done in minutes.
If you're sending the money to a bank account, it will take 1-2 days if you use a bank.
Or 2-3 days if you're using a money transfer company.

What information do I need to make a transfer?

To send money overseas, you’ll need the following information of the bank account you're sending the money to:

Beneficiary or Recipient Details

  1. The Account Name of your Recipient (person/business you're paying)
  2. Their address
  3. The SWIFT Code of their bank

Is it safe to use The Currency Shop to compare?

Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.

How does The Currency Shop make money?

The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.

Your currency knowledge centre

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TransferWise Review Including the Borderless Account

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