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How to Send Money from South Africa to Germany

Get the best deals when you transfer from South Africa to Germany. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to Germany from South Africa.

Giovanni Angioni
Author 
Giovanni Angioni
6 minutes
February 29th, 2024
Disclosure

You can always compare rates and fees based on your transfer amount and payment options when sending money.

Ways to send money from South Africa to Germany

The best rated provider for transfers from South Africa to Germany

TorFx

Total number of ZAR - EUR providers

7

Average cheapest provider for transfers to Germany from South Africa

Key Currency

Best for bank transfers from South Africa to Germany

TorFx

Best for debit card transfers from South Africa to Germany

Instarem

Best for credit card transfers from South Africa to Germany

Instarem

The best way to send money from South Africa to Germany

TorFx is the best way to send money to Germany from South Africa. This is based on cost, speed, and how easy it is to use.

We analyzed 7 providers that allow ZAR to EUR transfers. TorFx emerged as the best option in 69.9% of searches.

How to send money from South Africa to Germany

Follow these steps to send money between South Africa and Germany

  1. Choose your provider. Register with the provider of your choice by clicking on the link above.

  2. Enter your details. Enter your details and provide any of the documents needed.

  3. Start your transfer. Tell your provider that you'd like to send money from South Africa to Germany, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

  4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from South Africa to Germany once it's been sent. Make sure all the details are correct before you submit.

  5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from South Africa to Germany

The cheapest way to send money from South Africa to Germany is Key Currency. On average, transfers from South Africa to Germany with Key Currency cost R, making them 0.1 cheaper than their nearest competitor.

Key Currency has been the cheapest way to send money from South Africa to Germany for the last three months, on average.

Just to make you aware, bankTransfer was the cheapest payment method.

The current mid-market rate between ZAR and EUR is 0.048479. The rate the time you transfer will impact your overall cost. As an example, Key Currency has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

Note: The cheapest way to send money isn't always the fastest

Key Currency is the cheapest way to send money from South Africa to Germany, but make sure the timeframes work for you.

How the cost of sending money to Germany from South Africa is calculated

The cost of sending money from South Africa to South Africa depends on several things, including:

The mid-market rate

The current mid-market rate between ZAR and EUR is 0.048479. The rate the time you transfer will impact your overall cost. As an example, Key Currency has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between Germany and Germany. This is why Instarem is listed as our cheapest option - they offer the best combination of Rand to Euro rates (0.17) and fees ().

Bank transfers from South Africa to Germany

Bank transfers are the most common way of sending ZAR to Germany as they are secure, reliable, and convenient.

If you want to send Rands to Germany via bank transfer, TorFx has been the top rated provider in our comparison system for the last three months, recommended 69.6% of the time.

That’s because companies like TorFx bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, TorFx's transaction fees for Rands into Germany have averaged at for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from South Africa to Germany

Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.

If you want to send Rands to Germany with a credit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 5.4% of the time.

Note: Beware of charges

Credit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.

Debit card payments from South Africa to Germany

Debit card payments let you send money from the South Africa to Germany with the similar convenience of a credit card, and there are usually no tax advance fees. That said, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send Rands to Germany with a debit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 5.4% of the time.

Finding the best exchange rate for ZAR to EUR

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many EURs you can get for your ZARs. The average Rand to Euro mid-market rate over the last month was 0.0484, with a low of 0.0478 and a high of 0.0492.

For comparison, the best exchange rate for ZAR to EUR right now is through Key Currency, at a difference of 0.25%.

How we find the best transfer deals from South Africa to Germany

We’ve compared the cost, speed, and product offering of the top money transfer services (including TorFx) available between Germany and South Africa. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Rand to Germany, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Check your provider is regulated

You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.

Remember: We will only ever recommend regulated financial institutions.

FAQs

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Contributors

Giovanni Angioni
Giovanni Angioni, a journalist specialized in financial and political topics, has written for well-known outlets like La Stampa, Repubblica, the Economist, and Politico. His background in political sciences complements his extensive experience in covering major international events such as ASEAN and NATO summits, and European Council meetings. His insightful approach to global finance and politics enriches his role at MoneyTransfers.com, where he focuses on making personal finance relatable and understandable for a broad audience.