Sending money to South Africa from United Kingdom
Remitly
£12.80
Every provider, ranked at £120
| Provider | Type | Fee | FX margin | Total cost | % of transfer |
|---|---|---|---|---|---|
| Remitly | Money Transfer Operator | £0.99 | £1.51 | £2.50 | 2.09% |
| Cassava Remit | Money Transfer Operator | £0.00 | £5.58 | £5.58 | 4.65% |
| ExpressLinks UK | Money Transfer Operator | £4.95 | £1.45 | £6.40 | 5.34% |
| Mukuru | Money Transfer Operator | £5.89 | £0.89 | £6.78 | 5.65% |
| Western Union | Money Transfer Operator | £2.99 | £3.94 | £6.93 | 5.77% |
| Wise | Money Transfer Operator | £6.98 | £0.00 | £6.98 | 5.82% |
| WorldRemit | Money Transfer Operator | £3.99 | £4.31 | £8.30 | 6.92% |
| MoneyGram | Money Transfer Operator | £4.99 | £10.31 | £15.30 | 12.75% |
How to read these numbers
The cost of a transfer is the fee plus the margin the provider takes on the exchange rate. The margin is invisible at the counter: you are quoted a rate, not the difference between that rate and the interbank one, so a "free" transfer can quietly cost more than one with a fee attached. Both are separated in the table above.
Percentages fall as the amount rises wherever a provider charges a flat fee, which is why the same provider can be the cheapest at one amount and not at another. That is exactly what the calculator is for — the ranking above is computed at your amount, not at a fixed one.
