June 22

Money Transfers: How Much Does it Cost?


Money Transfers: How Much Does it Cost?

Transferring Money.

Transferring Money Abroad?

Transferring money abroad is not as expensive as you may think. The fees involved in transferring funds from SA to your offshore account (bank outside of SA) is as follows:

The Transfer fee (bank swift transfer charge) is a flat ZAR 250. This is the fee the bank will charge to do the transfer, irrespective of the amount transferred.

For the UK receiving banks, there may be a fee for inbound international deposits. This can usually be in the region of between £10 – £12, you need to check with your bank to make sure of the amount.

Don’t know where to start?

•WB Forex will help you open a transfer account in South Africa with Mercantile Bank.

•Once opened, EFT funds into your transfer account.

•Funds clear the next working day and we check the rates and advise you

•If you are happy to proceed, you issue the go-ahead.

•Funds clear the next working day into your UK account.

If you are ready to transfer money out of South Africa or have any questions, email WhiteBirch now at admin@wbforex.com – with dedicated account managers in the UK and SA.

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WhiteBirch Group


Head Office UK: +44 (0) 207 018 8552

Trading desk in Hartley Wintney (UK) & Pretoria (SA)

WhatsApp: +44 (0) 790 893 3594

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