Transfer Money Internationally

When it comes to transferring money overseas there are generally two highly reputable names and below we explain the details of each.

 

 

About The Company

Western Union has been operating for over 150 years. Today with over 486,000 Agent locations worldwide in over 200 countries and territories, millions of people trust Western Union to send and receive money worldwide. Over 490 Agent locations in South Africa are at your disposal to send and receive money in a fast and reliable way. MoneyGram has a global reach through a network of 300,000 local agents across 197 countries and territories – giving you real convenience and flexibility. So with MoneyGram you’re never far away from a fast and easy money transfer.

How To Transfer Money

To send money overseas, simply go to any Western Union or MoneyGram agent with your ID (you need to be at least 18 years old) and proof of source of funds. Deposit the amount you would like to send. You must then give the teller the collecting person’s name and residence, you will be provided with a 10 digit pin code that you must then send to the receiving party else they won’t be able to access the funds. The person receiving the money must also have their ID with them when they go to collect. Collections will only be done in cash.

The Amounts That Can Be Transferred

Minimum amount : $50

Maximum Amount : $7,499 per day

                               R1,000,000 per year
Minimum Amount: R100

Maximum Amount: R15, 000 per day

                              R30, 000 per month                                                                          
                              R360, 000 per year

Fees

Fees are charged to transfer money and vary according to the destination, amount sent and how quickly you want the funds to clear

Agents in South Africa

Absa (selected branches only, please call 0860 151 151 to verify)

American Express

Eurodollar

Travelex

Master Currency

Tower Foreign Exchange.
Bidvest Bank

Standard Bank

FNB