Getting your money across different countries is now made attainable.
When you need to send money to your family in South Africa, colleagues, your employees, or to another company to which you owe money, there are now options.
They now make it simple and which anyone can afford.
Best Send Money Service to South Africa from Canada
Wise
First Transfer Free!
- Wise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.
transferGo
Send money very fast!
- Save up to 90% compared to banks. No hidden costs. Large selection of countries.
AZIMO
First Transfer Free!
- Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
Duration: Send Money from Canada to South Africa
Sending money to South Africa from Canada can just take a day, and the receiver can have the money. Although there are instances where money usually takes a few days to arrive, and some receivers need to wait for long, this may be because of the receiving bank, or the money transfer company that you used.
Expenses
Using a bank to send your money may not be the smartest option for anyone, since it is often expensive to transact with them. They have these numerous fees that they charge you, and sometimes the receiving bank will also have some fees that you need to cover.
You can use the bank for your money transfer, or you can choose a money transfer provider for your transactions. When you choose the bank, remember that they have been in the business for a long and may also be the reason they have huge fees on top of every transaction that you make with them. They also have control of how much they can charge for every money transferred. Since you have an option, it is up to you which company you will trust more for your money sending needs.
Send money to South Africa with the Bank
Some people trust banks more than money transfer companies with their money sending transactions since they don’t want to look further, and they think that they don’t have other options.
When you use the bank for your money transfer, you must check how much is their exchange rate and if it is doable for you if you have to add the fees and other charges.
You can ask their help as well, so you can sum up all the expenses so it will not surprise you at the end when you need to pay more than what you are just expecting. Some banks may charge more than other banks, so it is again up to you to compare for the most efficient service and the most affordable.
Transfer money from Canada to South Africa with a money transfer provider
When you want to look further and pick a money transfer company to transfer your money, you can do your research online. There is available information that will help you to know which money transfer company is well trusted and offers the most reasonable rate for their services.
There are websites available where they have a comparison of the exchange rates of each company, they also have the charges or the fees for each, and the time it would take for your money to get to your recipient.
You need not go to any of their branches cause you can do it online and in the confines of your home, which is very convenient.
One more thing you can look forward to is that they can also send your money faster and you can pay less. When you look for a company to trust for your money sending requirements, see the reviews made by clients and customers cause it will make choosing a company easier.
Conclusion
South Africa receives a high rate of remittance as well, just like other countries. This is a good thing and will provide a good impact on the economy.
Since now it is possible to send money online, they now make money transfer easier, and with the convenience comes the lower fees that will help those who require regular money transfer obligations. The key is in finding a reputable company, one that will give you a high exchange rate and, at the same time, will require you to pay less.