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How to Send Money to South Africa
Gather the relevant banking information including the recipient’s bank account number, branch code, SWIFT code, and address.
Sign up with OFX, or login to get a live quote.
Enter your details and those of your recipient.
Select ‘finalise transaction’ to process your payment.
It’s easy and affordable to send money in South Africa using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to South Africa, keep in mind that different tax regulations may apply depending on:
how the money is going to be used
how much you are sending
the source of the funds
if you’ve already paid tax on the funds elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums as a gift.
From sars.gov.za, we’ve found that in South Africa, donations and gifts are treated differently to inheritances for tax purposes. Non-residents are not subject to Donations Tax. “In cases where the resident donor transfers his property to a non-resident (donee), and the resident donor fails to pay the Donations Tax, the non-resident (donee) and the resident (donor) will be jointly and severally liable for the tax. Donations between spouses are exempt from Donations Tax, as are donations made to certain public benefit organisations.”
While every effort is made to keep this information up to date, it’s best to check with a professional if you have concerns about any applicable taxes.
How to send money to South Africa at a great exchange rateThe ZAR is considered a commodity currency, but it experiences more volatility than other commodity currencies such as the Aussie dollar or Canadian dollar. If you want to read up on the factors that influence the value of the South African Rand or other currencies, head over to the Exchange Rates section of our site.
How to Send Money to South Africa?
Wondering how to send money to South Africa? We've got the smart, secure way to exchange your Canadian dollars for South African rand. Headquartered in Sydney, with offices around the world, we provide 24-hour access to our highly skilled transfer team.
Is there any limit on how much money I can send to South Africa?
You can transfer funds of any amount over $3
Can I send money from a South African bank account to Australia?
Sure. If you live in South Africa or in Canada, you can register now to send money to Canada from your South African bank account..
Does OFX transfer money to all South African banks?
OFX can transfer funds to any bank in South Africa, including, but not limited to:
African Bank Limited
Commercial Bank of South Africa PLC
First National Bank
Imperial Bank South Africa
Standard Bank of South Africa
- Barclays Africa Group
You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.