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How to Send Money from Ivory Coast to South Africa

Get the best deals when you transfer from Ivory Coast to South Africa. 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 South Africa from Ivory Coast.

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How to send money from Ivory Coast to South Africa

Sending money from Ivory Coast to South Africa doesn’t have a huge amount of options. Because of this, we would recommend sending money via:

Send money from Ivory Coast to South Africa by bank

If you’d like to send money from Ivory Coast to South Africa via bank transfer, follow these steps:

  1. Start the transfer. Let your bank know that you’d like to make a transfer from South Africa to Ivory Coast. You should be able to do this online or in-branch.

  2. Enter the recipient’s details. You’ll usually be given a form to fill out. Add your recipient's full details, including their name, bank account number, and branch code. You may also need to provide the IBAN or SWIFT code for their bank in South Africa.

  3. Make the payment. Your bank will probably charge a fee for the transfer. If you’re making a wire transfer, your recipient might need to pay a small fee for receiving the transfer too. They may also add a markup to the CFA Franc BCEAO to ZAR exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.

The current mid-market rate of XOF to ZAR is 0.031217.

How to send money from Ivory Coast to South Africa by payment app

If you’d like to send money from Ivory Coast to South Africa via payment app, follow these steps:

  1. Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Ivory Coast to South Africa.

  2. Enter your details. Enter any of the details required. You may need a valid form of ID.

  3. Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to South Africa in Rand at this stage.

  4. Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Ivory Coast to South Africa after it’s been sent.

  5. Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the XOF to ZAR exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.

The current mid-market rate of XOF to ZAR is 0.0309.

The cheapest way to send money from Ivory Coast to South Africa

Without any money transfer providers serving the Ivory Coast to South Africa route, the cheapest money transfer options are limited.

We would recommend using:

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

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

The mid-market rate

The current mid-market rate between XOF and ZAR is 0.031217. The rate at the time you transfer will impact your overall cost. When sending through a bank, rates are generally less competitive than using a money transfer company.

The markup and fee charged by a bank

Providers will often charge a markup on the rate, fees, or both, for transfers between South Africa and South Africa. Again, these are potentially less competitive through a bank than sending through a money transfer company.

Finding the best exchange rate for XOF to ZAR

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Rands you can get for your CFA Franc BCEAOs. The average CFA Franc BCEAO to Rand mid-market rate over the last month was 7.1954, with a low of 7.1852 and a high of 7.2249.

How we offer the best transfer options for Ivory Coast to South Africa

Whilst there's no money transfer services available between South Africa and Ivory Coast, we still ensure we've looked across the market in full to give you the best options.

Whether it's a money transfer provider or a multi-currency account, we'll always produce unbiased, detailed reviews of all the companies operating in the CFA Franc BCEAO to South Africa route. This allows us to help you make smarter, simpler choices for your money transfers.

We also 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.