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
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 2133. If you’d rather keep things online, you can email firstname.lastname@example.org and we’ll help you out.
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.
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.
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.
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.Get in touch
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.
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.
7. How much money can I transfer into South Africa?
There are several limits on sending money out of South Africa but there are no limits as to how much money you can send into South Africa. If you’d like to learn about how much money can be transferred out of the republic, check out our page on discretionary allowances.
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.
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.
10. 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.