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Companies for transfers from Canada to South Africa
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."
"Cambridge Currencies is a boutique UK-based currency broker helping clients send funds globally. Expect personable service & competitive rates from this new industry entrant."
"Xoom, a PayPal service, allows you to send money in more than 160 countries. You can send cash for over-the-counter pickup or home delivery, as well as send by bank transfer or debit card."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."
"Send money securely from Canada to 100+ countries worldwide."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best option: Wise
Of the 16 companies that support CAD to ZAR, Wise offered the best combination of cost and speed.
Overall, Wise appeared in 87.5% of Canada to South Africa searches, consistently scoring as one of the best ways to send CAD to ZAR.
So for a great mix of cost, speed & features, send Canadian Dollars to South Africa using Wise.
Compare for the best deal on your Canada to South Africa transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Canada to South Africa.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for CAD to ZAR transfers.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Canada to South Africa
A comparison of providers offering services between Canada and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send Canadian Dollar to South Africa we've compared 16 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Canada.
Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Canada to South Africa.
Cheapest way to transfer money from Canada to South Africa: Remitbee
Data collected over the past six months shows that Remitbee is 0.3% cheaper than the second-best option.
This includes an average transfer fee of 0* CAD an exchange rate for buying Rand with Canadian Dollars that is 0.7% different to the mid-market rate.
If you want to secure the best rates on transfers from Canada to South Africa, Remitbee will result in the most Rand received.
*The most common fee applied to CAD-ZAR by Remitbee, based on data from the past six months.
Fastest way to transfer money to South Africa from Canada: Ria Money Transfer.
Ria Money Transfer was the quickest way to send Canadian Dollar to Rand in 87.5% of searches. For fast transfers between CAD and ZAR, Ria Money Transfer comes highly recommended.
When using Ria Money Transfer to send money from Canada to South Africa you can expect an average fee of 4 CAD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 16 money transfer providers. To test overall speed of sending money from Canada to South Africa we included the timeframe for depositing Canadian Dollar to a money transfer account and average transfer times to South Africa.
When sending money to South Africa from Canada quickly is a priority, Ria Money Transfer is our recommended choice.
Need to make a large transfer?
Wise is the best option for large transfers of the 16 providers compared.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of money transfers to South Africa from Canada
The total cost of sending money to South Africa from Canada is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for CAD-ZAR is 12.9356 ZAR per Canadian Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Rand for your Canadian Dollars.
The CAD-ZAR mid-market rate over the last three months has seen the Canadian Dollar worth an average 12.8598 ZAR. Within this there has been a high of 12.9792, and a low of 12.6601.
From 16 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to ZAR.
Fees: When sending money there may be additional fees. Remitbee offers the lowest fee of the 16 providers tested, averaging 0 CAD per transfer over the last 6 months.
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 Canada.
Getting the best exchange rate for Canadian Dollar to Rand
Tracking the mid-market rate can make a huge difference when sending money CAD to ZAR. The exchange rate you secure impacts how much ZAR you get for your CAD.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from CAD to ZAR has seen some fluctuation. On average, it has been 12.8598.
During this period, the highest value level was 12.9792, with a low of 12.6601.
Wise, which is our recommended service to send money online from Canada to South Africa offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best CAD-Rand exchange rates?
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Paying for your Canada to South Africa money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Canada to South Africa.
By using a money transfer company such as Remitbee to send money from Canada to South Africa, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Remitbee is the cheapest money transfer provider for bank transfers from the 16 we tested when sending CAD to South Africa.
With an average fee of CAD0 to send money from Canada to South Africa, Remitbee offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to South Africa with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Canada to South Africa. This is from the 16 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Canada to South Africa, emerges as our top choice of the 16 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Africa and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
