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Make money transfers to South Africa quickly and simply

When you’re looking to transfer money to South Africa, you’re going to want the best possible exchange rates, lowest fees and personalised customer service. We offer all those things with every transfer. Ensure that your money transfers are as simple, convenient and cost-effective as possible by registering with us today for free. Use our currency converter tool to see how much you could be saving with every transfer you make.

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The rates we display here are mid-market and indicative.
Actual rates will vary depending on your transfer amount.

Use an experienced broker to make your South African money transfers

Getting money into South Africa can be complex. You need to operate within exchange control regulations. Knowing how to best transfer money into South Africa requires expert knowledge and understanding.

We have years of industry experience, and three forex brokerages in South Africa alone. Our teams in Johannesburg, Cape Town, Durban, Melbourne and London facilitate over 140,000 transactions for 60,000 registered clients each year, so we know how to make the process of transferring money internationally as convenient and cost-effective as possible.

We will ensure that your transfers are quick and hassle-free, no matter where you are sending them from. With us you will always be compliant with South African Reserve Bank exchange control regulations.

 

Let us answer your questions about transferring money to South Africa

You may have some questions about transferring your hard-earned money, and we understand. You are right to want to know more about our service before you choose to transfer with us.

Below are the answers to the questions we get asked most regularly. If you still have questions after reading the FAQs below, you can contact our South African based team on +27 (0) 21 657 2153. If you’d rather keep things online, you can email forex@sableinternational.com and we’ll help you out.

1. Once registered, how long does it take to activate my account?

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 remittance request exceeds £10,000 (or the equivalent in another currency), we will request a few additional documents.

2. How long does a transfer take to be processed?

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.

3. What are the minimum and maximum amounts that can be transferred?

There is no minimum or maximum amount when you transfer money online with us. There are, however, certain benefits to . To find out more about the benefits of sending larger amounts pop us an email, or give us a call, and tell us how much you’d like to send and we’ll walk you through the currency conversion process.

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, we require proof of “source of funds” as prescribed by international money laundering regulations.

4. What methods of payment can I use to transfer the funds to your account?

We accept internet banking payments and GBP denominated UK debit card payments. Your name and surname must be used as the reference when paying via internet banking. If a name and surname are not supplied, proof of payment must be emailed to us so we can allocate your funds for transfer.

6. What happens when I use internet banking as my preferred payment method?

If you have chosen internet banking as your preferred payment method to transfer money abroad, you will need to complete two stages to effect a transfer. Firstly, you will need to upload your transfer instruction onto our website. This tells us the amount of money, destination to which and date on which you want the funds to be sent. After this, you will have to log in to your internet banking account and transfer the requested amount to the relevant Sable International client account, using your name and surname as the payment reference.

The appropriate details for our client holding account will appear when you upload your transfer request on our website.

7. 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 forex@sableinternational.com informing us as to what name the funds should clear under. Following these guidelines will decrease the likelihood of a delay.

8. Are there any hidden charges or receiving bank charges?

Not at all. One of the main advantages of using our money transfer service is that we charge a flat fee. You should also know that there are no receiving bank fees when you transfer to accounts in the UK, Australia, New Zealand, South Africa, Poland and Eurozone-based accounts.

9. 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.

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 forex@sableinternational.com, informing us as to what name the funds should clear under. Following these guidelines will decrease the likelihood of a delay.

11. What are the requirements of a registered Money Service Business?

The law requires us to monitor any unusual or suspicious transactions of any size taking place where we have reason to believe the money is derived from illegal activity. We will report any suspicious international money transfers to the authorities.

The law also requires us to keep full records of all transactions, together with copies of identification provided. We are unable to process any transaction where this information is withheld. Proof of address and proof of funds may be required in certain cases – please see our “know your customer” guidelines for more information.

12. 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.

 

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Compliance and regulations

We are fully regulated and registered in South Africa, the UK and Australia. In South Africa, we have an FSB licence (FSP licence number 41900). Our Australian Financial Services Licence (AFSL number 335126) was issued by ASIC.To find out about our certifications and security procedures, visit our compliance page

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

25 Richefond Circle
Ridgeside
Umhlanga 4320 +27 (0) 31 536 8843

United Kingdom

London

Castlewood House
77/91 New Oxford Street
WC1A 1DG +44 (0) 20 7759 7514

Croydon

5-7 Selsdon Road
South Croydon
CR2 6PU +44 (0) 20 7759 7581

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126).

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