How to send money to Australia from South Africa with the best ZAR-AUD rate

Comparing providers offering services between South Africa and Australia, based on your specific needs is the best way to send money with confidence.

Right now, for ZAR/AUD

• TorFx is our top choice for ZAR to AUD transfers. Sending 130,000 ZAR to AUD will cost you R0 in fees, and you will receive 11,319.36 AUD. The delivery time usually is minutes - 24 hours, but it depends on the day you make the transfer.

• Key Currency offers the lowest cost transfers of the 8 compared. Data collected for transfers between South Africa and Australia over the past week shows that Key Currency is 0.01% cheaper than the second-best option.

• Of 8 companies compared, Currencyflow offers the quickest way to send Rands to Australia is with minutes - 24 hours. When speed matters, Currencyflow is our recommended choice for sending into Australia from South Africa.

Our comparison includes 8 companies that provide the ability to send Rand to Australia.

This ensures you get the best options for transfers to Australia from South Africa, based on the amount you want to send.

The exchange rate determines the price you’ll pay for Australian Dollar when sending Rand to Australia.

The rate between the Rand and Australian Dollar is currently 0.0874.

The total cost of money transfers from South Africa to Australia is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

• The Mid-Market and Exchange Rates: The mid-market rate for ZAR-AUD is currently 0.0874 AUD per Rand. Providers offering services closer to this rate will ensure more Australian Dollar for your Rands.

• Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Key Currency, charging 0 ZAR per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount eventually received in Australian Dollar. Simply, the higher the amount received in South Africa, the lower the cost of sending from Australia.

Sometimes, waiting a day or two can help you get more AUD for the same amount of Rand. Using a forward contract that also allows you to lock in an agreed exchange rate between South Africa and Australia.

Sending money via a bank transfer is the recommended option for sending money from South Africa to Australia.

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

Bank transfers

Paying via a bank transfer is often the better option for sending money from South Africa to Australia.

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


Debit and prepaid cards

Sending money from South Africa to Australia with a debit or a prepaid card is easy with .


is a one of the better options in the market for international debit card transfers from South Africa to Australia.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone (especially with high cash advance fees).

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Some services between South Africa and Australia have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Australia as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Australia, use TorFx. The combination of rates and fees when sending from South Africa to Australia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving South Africa, or entering Australia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Australian Dollar in Australia. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from South Africa to Australia will offer every method for incoming Australian Dollar, so it’s best to check ahead of time.

One of the more common ways to transfer from South Africa into Australian Dollar is directly into a bank account. TorFx is the best company for bank transfers between South Africa and Australia.

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

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

When signing up to and sending Rand to Australia, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in South Africa this will be a government issued ID such as a passport or driver's license. In Australia it will be similar, although this should only be needed if you are opening a new account in Australia, or collecting in cash. Sending to an existing bank account in Australia shouldn’t require any additional ID checks.

Large transactions between South Africa and Australia, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons TorFx has scored so highly for transfers to Australia is their easy sign up process in South Africa.

When sending large amounts of money between South Africa and Australia there will potentially be a tax declaration to consider.

Some transfers into Australian Dollar may need to be reported to tax authorities in Australia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Australia based on age, income and a few other elements. When in doubt, please contact a tax professional in South Africa or Australia to discuss your personal circumstances.