How to send money to South Africa from Finland with the best EUR-ZAR rate

A comparison of providers offering services between Finland and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.

For services allowing you to send Euro to South Africa we've compared 17 providers.

Here are your best money transfer options for sending money from Finland to South Africa

• Wise is our recommended way to send Euro to ZAR. Sending 7,000 EUR to ZAR will cost you €44.18 in fees, and your recipient will receive 130,781.94 ZAR. The delivery time usually is same day, but it depends on the day you make the transfer.

• To secure a cheap way to transfer EUR to South Africa, Key Currency is our recommendation. We found that Key Currency fees were 0 EUR per transfer, and customers would expect an exchange rate between EUR-ZAR that is 0.25% different to the mid-market rate

• Fastest way to send money to South Africa from Finland is with Revolut. If you send €7,000 with Revolut to South Africa, the transfer time is within minutes. This is currently the fastest option, but can vary depending on how much EUR you send to South Africa.

This coverage of the market ensure you will get the best options for your transfer to South Africa from Finland.

Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Finland to South Africa.

A better exchange rate means more Euro being sent to South Africa. This exchange rate determines the price you will pay when buying Rand.

Currently the mid-market rate between Euro and Rand is 18.8281.

Fees and exchange rates make up the total cost of sending money from South Africa to South Africa. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current EUR-ZAR mid-market rate is 18.8281 ZAR per Euro. You will get more Rand for your Euros if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Key Currency charges the lowest fee of 0 EUR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Rand eventually received in South Africa. You can assume that a lower cost of sending from Finland will result in more money received in South Africa.

Sometimes, waiting a day or two can help you get more ZAR for the same amount of Euro - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Finland and South Africa.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Finland to South Africa at this moment.

Here are all the ways to send money from Finland to South Africa:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Finland to South Africa.

By using a money transfer company such as Key Currency for transfers from Finland to South Africa, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Finland to South Africa with a debit or a prepaid card is available through Wise.


Wise is one of the cheaper options for debit card payments for transfers from Finland to South Africa. This cost is against a total of 17 money transfer companies offering this option.

Credit cards

When it comes to credit card transfers from Finland to South Africa, we recommend comparing your options to get the best deal.

Transfer limits to Finland and South Africa will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different EUR-ZAR transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to South Africa, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of EUR to South Africa we'd recommend using Wise. They offer a combination of rates and fees when sending from Finland to South Africa that is the most competitive.

There are different ways to receive money in South Africa.

The most popular ways are direct bank deposit into Rand, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Finland and South Africa will offer every method for incoming Rand.

Understanding where the money will eventually go after its left Finland and entered South Africa could impact the provider you use.

The most common (and generally easiest) way to send money from Finland to South Africa is directly into a bank account. Wise is the best company for sending money from Finland to a bank account in South Africa.

And if you need cash right away, check if cash pickup is an option for transfers between Finland and South Africa.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Rands to South Africa, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Finland ID can be verified through a government issued ID such as a passport or driver's license.

In South Africa, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Finland and South Africa, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to South Africa from Finland due to the ease of sign up and ID verification.

When sending money between Finland and South Africa there will be tax declarations to consider.

Some transfers into Rand may need to be reported to tax authorities in South Africa, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in South Africa.

When in doubt, please contact a tax professional in Finland or South Africa to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.