Companies for transfers from Israel 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."
"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."
"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."
"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."
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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 4 companies that support ILS to ZAR, Wise offered the best combination of cost and speed.
Overall, Wise appeared in 100% of Israel to South Africa searches, consistently scoring as one of the best ways to send ILS to ZAR.
So for a great mix of cost, speed & features, send New Israeli Sheqels to South Africa using Wise.
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Compare for the best deal on your Israel to South Africa transfer
Transfer consider from Israel to South Africa
A comparison of providers offering services between Israel 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 New Israeli Sheqel to South Africa we've compared 4 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Israel.
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 Israel to South Africa.
Cheapest way to send money to South Africa from Israel: Lumon
The cost is a combination of an average fee of 0* ILS and an exchange rate for converting New Israeli Sheqel to Rand that is 1% different to the mid-market rate.
On average, Lumon is 1% cheaper than the second-best option.
We would recommend Lumon for low cost, affordable transfers from Rands to South Africa.
*The most common fee applied to ILS-ZAR by Lumon, based on data from the past six months.
Fastest way to send money to South Africa from Israel: Paysend.
In our comparison, we found Paysend to be the fastest way to send New Israeli Sheqels to Rand in 100% of transfers. For quick transfers between ILS and ZAR, Paysend comes highly recommended.
Sending money from Israel to South Africa through Paysend has an average fee of 0 ILS.
To find the fastest company, we compared 4 money transfer providers for the overall speed of sending money from Israel to South Africa. This was made up of depositing New Israeli Sheqel to a money transfer account and transfer times to South Africa.
When looking for the fastest money transfer, Paysend is our best choice for sending into South Africa from Israel.
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Need to make a large transfer?
Wise is the best option for large transfers of the 4 providers compared.
While Wise may not always be the cheapest or fastest way to send ILS from Israel to South Africa, it's a great provider for larger transfers for things like buying or selling property.
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Understanding the cost of sending money from Israel to South Africa
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Israel to South Africa.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Rand for your New Israeli Sheqel. The current ILS-ZAR mid-market rate is 5.1399 ZAR per New Israeli Sheqel.
This rate changes regularly so it can pay to track it. For comparison, the ILS-ZAR mid-market rate for the past three months has averaged 4.773 ZAR per New Israeli Sheqel, with a low of 4.7683 and a high of 4.7871.
Lumon is currently offering the best exchange rate from the 4 companies compared.
Often the ILS-ZAR exchange rate you pay is the biggest cost factor when transferring New Israeli Sheqels to South Africa.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of New Israeli Sheqel you’re sending to South Africa. Lumon currently has the lowest fees for transfers into ZAR at an average of 0 ILS over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Rand is the biggest indicator of the total cost of sending money to South Africa from Israel. The bigger the amount received in South Africa, the lower the overall cost of sending from Israel.
The best exchange rate for New Israeli Sheqel to Rand transfers
When sending money between ILS and ZAR getting a good deal on an exchange rate is essential. The exchange rate you secure impacts how much ZAR you get for your ILS.
Here's how the mid-market rate has performed recently, which will impact the overall cost of the exchange rate.
Over the past six months, the mid-market rate from ILS to ZAR has been 4.773.
During this period, there was a high of 4.7871, and 4.7683 being the lowest point.
Wise, which is our recommended service to send money online from Israel to South Africa offers an exchange rate with a 0.72% markup against the mid-market rate.
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Payment options for transfers from Israel to South Africa
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Africa and Israel.
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 Israel to South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ILS to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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