How to send money to South Africa from Netherlands with the best EUR-ZAR rate

Comparing providers offering services between the Netherlands and South Africa, based on your specific needs is the best way to send money with confidence.

Based on the availability of companies for EUR/ZAR

• Wise is our top pick for sending Euro to South Africa. A transfer of 7,000 Euros to ZAR will cost you €44.2 in fees, and you will receive 130,332.22 ZAR. The transfer time is same day, but might be a bit longer depending on the day you make the transfer.

• Of the 12 providers compared, Key Currency is the cheapest option for sending money right now. We found that Key Currency is 0.02% cheaper than the second-best option.

• Fastest way to send money to South Africa from the Netherlands is via Revolut. The transfer time is within minutes with Revolut for a €7,000 transfer, but it will depend on the time, day of the week, and the amount you send.

Our comparison includes 12 companies that provide the ability to send Euro to South Africa.

This ensures you get the best options for transfers to South Africa from the Netherlands, based on the amount you want to send.

The exchange rate determines the price you’ll pay for Rand when sending Euro to South Africa.

The rate between the Euro and Rand is currently 18.7105. Wise offers the best exchange from EUR-ZAR.

The total cost of sending money to South Africa from the Netherlands is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for EUR-ZAR is 18.7105 ZAR per Euro.

• Fees: When sending money there may be additional fees. Key Currency offers the lowest fee of the 12 providers tested, costing justs 0 EUR per transfer.

• Amount Received: When comparing providers, the best measure is the amount of Rand eventually received in South Africa.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in South Africa, means a better overall cost of sending money from the Netherlands.

Sending money via a bank transfer is the recommended option for sending money from the Netherlands to South Africa.

Here are the popular ways to send money from Netherlands to South Africa:

Bank transfers

Bank transfers are often the best payment method for money transfers from the Netherlands to South Africa.

A money transfer company like Key Currency offer bank transfers between the Netherlands and South Africa with lower fees and better exchange rates than you would get from a traditional bank. 


Debit and prepaid cards

Sending money from the Netherlands to South Africa with a debit or a prepaid card is very simple with Wise.


Wise is a leader in debit card payments for transfers from the Netherlands to South Africa, competing among a total of 12 active money transfer companies on this route.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Ensuring you fully understand regulations in the Netherlands and South Africa will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between the Netherlands and South Africa.

Some services between the Netherlands and South Africa have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in South Africa as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to South Africa, use Wise. The combination of rates and fees when sending from the Netherlands to South Africa is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving the Netherlands, or entering South Africa. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Rand in South Africa. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from the Netherlands to South Africa will offer every method for incoming Rand, so it’s best to check ahead of time.

One of the more common ways to transfer from the Netherlands into Rand is directly into a bank account. Wise is the best company for bank transfers between Netherlands and South Africa.

And if you need cash right away, check if cash pickup is an option for transfers between Netherlands and South Africa.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

When signing up to and sending Euro to South Africa, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in the Netherlands this will be a government issued ID such as a passport or driver's license. In South Africa it will be similar, although this should only be needed if you are opening a new account in South Africa, or collecting in cash. Sending to an existing bank account in South Africa shouldn’t require any additional ID checks.

Large transactions between Netherlands and South Africa, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to South Africa is their easy sign up process in the Netherlands.

When sending large amounts of money between Netherlands and South Africa there will potentially be a tax declaration to consider.

Some transfers into Rand may need to be reported to tax authorities in South Africa, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in South Africa based on age, income and a few other elements. When in doubt, please contact a tax professional in the Netherlands or South Africa to discuss your personal circumstances.