How to send money to South Africa from Israel with the best ILS-ZAR rate

A comparison of providers offering services between Israel 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.

At the moment, we found these providers to be the best for ILS/ZAR

• 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 Israel to South Africa. Transferring 25,000 ILS to ZAR will cost you ₪190.4 in fees, and you will receive 136,420.05 ZAR. The delivery time can take next day, but it depends on the day you make the transfer.

• We compared 8 money transfer companies and Key Currency offers the cheapest transfer service between Israel and South Africa. Key Currency fees are 0 ILS per transfer and you can expect an exchange rate between ILS-ZAR that is 0.25% different to the mid-market rate.

• Fastest way to send money to South Africa from Israel is with Regency FX.

For services allowing you to send New Israeli Sheqel to South Africa we've compared 8 providers.

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

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

Currently the mid-market rate between New Israeli Sheqel and Rand is 5.5257.

The cost of sending money from South Africa to South Africa, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from ILS-ZAR is 5.5257 ZAR per New Israeli Sheqel.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Key Currency currently offers the lowest fees on transfers to South Africa from Israel, costing 0 ILS per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Rand is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging New Israeli Sheqels to ZAR, paired with a low fee, means a higher total amount received in South Africa.

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 Israel 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 Israel to South Africa at this moment.

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

Bank transfers

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

By using a money transfer company such as Key Currency for transfers from Israel 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 Israel to South Africa with a debit or a prepaid card is available through Paysend.


Paysend is a one of the cheaper options for debit card payments for transfers from Israel to South Africa. This cost is against a total of 8 money transfer companies offering this option.

Credit cards

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

Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Israel and South Africa.

Transfer limits to Israel 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 ILS-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 ILS to South Africa we'd recommend using Wise. They offer a combination of rates and fees when sending from Israel 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 Israel and South Africa will offer every method for incoming Rand.

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

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

And if you need cash right away, check if cash pickup is an option for transfers between Israel 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 Israel 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 Israel 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 Israel due to the ease of sign up and ID verification.

When sending money between Israel 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 Israel 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.