How to move money into South Africa
When it comes to international money transfers we like to keep things easy and simple, which is why we offer you the convenience of transferring money online. Unlike a bank, our online payment portal is available 24 hours a day, seven days a week and is one of the cheapest ways to transfer money to South Africa. We give you the ability to transfer any amount of money from wherever you are in the world, whenever you want.
To get money into South Africa started, all you have to do is register on our website, activate your account and you’ll be able to put an order in to transfer money online in no time at all – it’s that simple! What’s more, every fifth transfer you make with us is free.
Our exchange rates beat the bank, every time
To get you the best possible money exchange rates, we canvass the market, add a small margin to the rates we obtain, and pass that excellent rate on to you. The exchange rates we offer fall between the interbank rate (the truest exchange rate) and the rate offered by high street banks and bureaux de change.
We are able to undercut the high street banks and pass that saving on to you in the form of great rates. We believe in complete transparency when it comes to our rates, so the rate you see is always the rate you get we never surprise you with hidden bank charges.
Start transferring in three easy steps
Register your free account online to get full access to our secure money transfer service.
To activate your account, simply upload or email our team copies of your passport and proof of address.
Transfer between more than 25 currencies from all over the world and benefit from great rates and speedy transfers.
What our customers say
Why thousands of people continue using our forex service
Great rates, unrivalled service
Our forex business was started by expats, so we know the challenges associated with sending money back home. We remove these challenges and make sure you can send your money back home, whenever you need to. That’s why thousands of international citizens living all over the world choose us to transfer money internationally.
Low fees and fast transfers
Not only will we transfer your money at excellent rates, we’ll do so as quickly as possible. What’s more, our exchange rates ensure you get the most out of each transfer. Use our currency converter to find out how much you could be saving with each transfer.
Our online payment portal is 100% secure and available 24/7, so you can transfer funds safely, whenever you need to. We use Secure Socket Layer (SSL) 128-bit encryption, which provides absolute protection of your funds and debit card against unauthorised use. Your peace of mind when working with our service is important to us.
Full accreditation and transparency
You can rest easy knowing that our money exchange service is 100% fully regulated and accredited with all of the relevant bodies in all of the jurisdictions that we operate in. What’s more, we are completely transparent when it comes to our fees. With us, the rate you see is the rate you get – no hidden charges.
Unrivalled customer service
Our forex team has been in business for over 20 years. Our efficient and friendly team process over 140,000 remittances each year for over 60,000 clients worldwide. They will always be on hand to assist you with any queries you may have.
Frequently asked questions about transferring money to and from the UK
You may have some questions, and that’s only natural. The good news is that we have the answers you’re looking for. Below are the answers to some of the most common questions we receive about our online international money exchange service.
1. How long does it take to activate my account once I’ve registered?
As soon as we have received a copy of your passport and proof of residential address (signed and dated by yourself), we will activate your account on the same business day. If your transfer exceeds £20,000, we will request a few additional documents.Register now
2. What is the best way to transfer money out of the UK?
Whether you’re sending a remittance or settling debt, the quickest and most convenient way to convert your money and transfer out of the UK would be online, with your UK debit card. All you have to do is charge your card on our website and, when you submit your transfer, your exchange rate will be locked in automatically. This ensures the rate you see is the rate you get.Register now
3. Can I send money to a credit card?
We can send money to South African credit cards only. At present, we cannot transfer money to Australian, New Zealand or UK credit cards.Register now
4. What is the processing time for a transfer?
Once we have received all the necessary documentation associated with the transaction and your funds have cleared in our client account, the converted funds will be credited to your nominated overseas account within one to three working days.Register now
5. How are your exchange rates determined? Why are they better than the banks’ rate?
To get you the best rates, we canvass the market on your behalf, add a small margin to the rates we obtain and pass that rate on to you. The exchange rates we offer fall between the interbank rate (the truest exchange rate) and the rate offered by high street banks and bureaux de change.
We are able to undercut the high street banks and pass that saving on to you in the form of great rates. Do note though, while the rates on our site are updated throughout the day, they must be viewed as indicative only.Register now
6. What are the minimum and maximum amounts that can be transferred?
There is no minimum or maximum amount when you transfer money with us. There are, however, certain benefits to sending larger amounts.
Please note: When transferring £10,000 (or foreign currency equivalent) or more in a single currency transaction, or £30,000 (or foreign currency equivalent) in a number of transactions over a 12-month rolling period, Sable International requires proof of “source of funds” as prescribed by HMRC’s Money Laundering Regulations.Register now
7. How much money can I transfer into South Africa?
8. Are there any hidden charges or receiving bank charges?
Not at all. Our transfers carry a small swift fee of R250. When the funds clear in your recipient account the intermediary and receiving bank may charge a bank fee to depending on whom you bank with and this is generally £15, alternatively we charge R200 to ensure all potential receiving and intermediary charges are covered upfront.Register now
9. What are the transfer fees?
Our fees are dependent on the size and destination of your transfer. Although you’ll be glad to know that any transfer above £2,000 (excluding transfers out of South Africa) is automatically processed free of charge. If you are transferring less than £2,000, the table has some general information on our fee structures.
Fees to transfer from the UK
UK to Australia
UK to Eurozone destination
UK to New Zealand
UK to Poland
UK to South Africa
UK to UAE, USA and Canada
Australia to the UK
Eurozone destinations to the UK
New Zealand to the UK
Poland to the UK
South Africa to the UK
Remember, these are simply our most popular destinations; we can transfer to others, so if yours isn’t on the list, please contact us.Register now
10. How can I be sure that my funds will be correctly allocated?
If you are using internet banking, it is imperative that you ensure that your funds will clear under your name and surname. If you use your name and surname as the payment reference, we will know that the funds are from you and we can process your transfer as soon as the funds clear.
If the funds will be clearing under a reference other than your own name and surname, please send an email to firstname.lastname@example.org, informing us as to what name the funds should clear under. Following these guidelines will decrease the likelihood of a delay.Register now
11. How secure is the site?
Our site uses Secure Socket Layer (SSL) 128-bit encryption to protect your transaction details. This 128-bit encryption is the latest and strongest data encryption technique commercially available for securing information between you, our client, and our website.
SSL works by encrypting/scrambling data from our website to your computer. The data is encrypted on our web server and can only be decrypted/unscrambled by the person with the correct decrypt/unscramble key. You can visually verify our site’s use of SSL in two places: The "s" in https in the site’s web address and by the padlock on the left-hand side of the address bar.Register now
Get in touch
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International money transfers specialists with offices in London
For over 20 years, we have been helping UK citizens and non-citizens transfer money into the UK. Our experienced team in our London office is always on hand to help ensure you get the best deal when you’re converting your money into Pounds.
Registered and regulated
We are licensed and registered with all the relevant regulatory institutions. 1st Contact Forex is registered with HM Revenue & Customs in the UK as a Money Services Business (MSB registration number 12148630) and we also hold an MLR number (12585156).
We're registered and authorised by the Financial Conduct Authority (previously known as the Financial Services Authority or FSA) as an Authorised Payment Institution (authorisation number 517570).
We're also licenced for Australia and South Africa. In South Africa, we have an FSB licence (FSP licence number 41900). Our Australian Financial Services Licence (AFSL number 335126) was issued by ASIC.
In Hong Kong we trade through our sister company, Sable FX (Hong Kong) Limited, which is incorporated in Hong Kong under the Companies Ordinance (registration number 2207355).
We fulfil all of the capital and liquidity requirements set out by prudential regulation. We also stand under the financial controls and KYC (Know Your Customer) policies and procedures of our corporate bankers and regulatory institutions.
All our client funds are held in designated client money bank accounts with our corporate bankers.