Moving to new a country is exciting but it can also be stressful and expensive. That’s why its so important to get a great exchange rate on your currency transfer. Luckily FX Paymaster offer fast, low-cost, and secure online money transfers from South Africa to Australia.
How to transfer money to Australia from South Africa
The best way to send money from South Africa to Australia is online with FX Paymaster. The process is quick and easy. All you need to do is open a free account online and then follow these steps:
- Login, select the amount of AUD you want to send and secure a great rate…
- Next, you’ll need to fund your account in order to pay for your currency…
- Finally, complete the online payment instructions for the account you want to pay…
- That’s it! Sit back, relax, and wait for your money to arrive.
Get more for your money when you transfer funds online
If you’re emigrating to Australia or just want to start sending money to Australia we can help you get more for your money. We offer a first class payment service, with low transfer fees and bank beating exchange rates.
You can open a free account online in minutes. To activate your account, we’ll ask you to complete your online profile and provide FICA information. The process is quick and easy and shouldn’t take more than 10 minutes.
Once you’re up and running, you can buy and transfer money to Australia online using our simple online platform. All you’ll need is an account in Australia to send the money to.
How to transfer money to Australia from South Africa
Transfers to Oz – FAQs
How much does it cost to send money to Australia?
To send money to Australia, you will need to convert your South African Rand (ZAR) into Australia Dollars (AUD). The cheapest way to convert your funds is to use a currency expert like FX Paymaster.
You will pay a flat transfer fee of R250 + 0.75% of the amount being converted. This fee is fixed upfront and included in the exchange rate. There are no other hidden fees or commission.
As a South African resident, you can transfer a total of R11 million per year out of South Africa. These amounts form part of your annual exchange control allowances.
Taxpayers over the age of 18 who are South African residents are eligible for the following allowances:
- R1 million single discretionary allowance (no tax clearance required from SARS)
- R10 million foreign investment allowance (tax clearance required from SARS)
Most international payments take around 48hrs to arrive in Australia. With our fast payment service, we can get your money to Australia in 24hrs.
Yes. FX Paymaster is an authorised and regulated Financial Services Provider: FSP 46213 in South Africa. When transferring money you will always fund your own account, we never handle your funds directly. All payments are sent through an Authorised Dealer Bank in accordance with South African Exchange Controls.
When making an international payment to an Australian bank account, you will need the following bank account details for your foreign account:
- Bank State Branch (BSB Code)
- Account Number
- BIC / SWIFT code
A BSB code is a six digit code that identifies your branch. All of this information will be provided when you open a new account. If you have any questions or need help find the relevant information you can contact our payment team for assistance.
