To identify the best provider for your needs when sending money to South Africa from Canada, the main things you should be considering are the current CAD – ZAR exchange rate, the time it will take for the funds to be delivered, and the level of fees you will pay when making your transfer.
Our comparison engine has taken these factors, along with many others, into consideration while comparing over 30 major money transfer providers. This has enabled us to examine the market and quickly identify the top services to use when sending money to South Africa from Canada online.
If you’re looking for the best combination of price, speed, and reliability we recommend using XE when sending CAD – ZAR.
This means that by using XE for online money transfers to South Africa from Canada, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access XE for any reason, our comparison engine has found Wise and WorldRemit also to be very good options when sending CAD – ZAR.
This recommendation was updated one minute ago.
There are many reasons people send money online, and it is important to make sure you are getting a good deal. You might be looking to send money to your family in South Africa or need to make a quick and easy payment to a business in Canada, but whatever the reason you’re transferring funds you should always compare money transfer providers.
There are many benefits when it comes to sending money to South Africa using online money transfer providers.
There are many reasons you might want to transfer money from Canada to South Africa. Unless you’re sending money for an emergency, it’s vital to compare your money transfer options if you want to find the cheapest money transfer service when transacting between CAD – ZAR.
Sending money to South Africa can be expensive if you choose the wrong provider or payment method, and by quickly comparing your options you can avoid these pitfalls. It is also important to bear in mind that transfer rates for CAD – ZAR vary a lot between banks and money transfer providers. Banks and wire transfers may often be better known brands, but they typically charge higher fees and exchange rate margins than online services.
In order to avoid high fees, you should consider XE when sending money from Canada to South Africa.
XE has been determined by our comparison engine to be currently offering you the cheapest rates possible.
When sending money from Canada to South Africa, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send CAD – ZAR.
Before making a transfer to South Africa, you should consider how quickly you need your money to arrive in Canada and how much you’re willing to pay.
Typically, when making a transfer from Canada, it’s good to consider the following:
Online money transfer companies tend to provide the fastest way to send money to South Africa from Canada, especially those utilising a P2P system where senders and recipients are matched in real time.
The fastest provider for sending CAD to South Africa is currently WorldRemit according to our comparison engine.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
There are a few ways you can use your credit card when making international money transfers. You can use a credit card to send money internationally through your bank account, however, your credit card provider is likely to charge you a higher fee when doing this. To avoid high fees you can opt to use an online money transfer provider such as Wise to pay for your transfer to South Africa.
With XE you can send money online to South Africa using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money South Africa as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
When sending money to South Africa from Canada using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, Wise and WorldRemit.
Before sending money to South Africa from Canada, you should consider the following:
This one’s easy. Our comparison engine has identified that XE is the best provider to use when sending money to South Africa from Canada. If for any reason you cannot use XE, you can try Wise and WorldRemit to transfer your funds.
After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in South Africa. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in South Africa, then they will usually need the following:
By now you should know everything you need, to start sending money to South Africa from Canada, so get started right now or read our FAQs below where we answered all the most common questions!
April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.