It is probably the case that most people do not enjoy the experience of moving large sums of money around the world. In fact, even a local transaction involving a large sum can be stressful. Sending money overseas can feel like you are launching the money into space – you can’t physically be on the other side to make sure that it arrives, and you have to put your trust in strangers, such as a bank teller or a money transfer agent, to keep it safe. This goes against our instincts when it comes to money, and it can make us very, very nervous about the process.
However, the process does not have to as stressful as it may seem. By following sound advice, and adhering to certain basic principles, you can transfer money more easily, and also more cheaply, than you may realise. After all, we are living in the 21st century, and certain things are a lot easier now than they used to be. This section of the site is devoted to providing up-to-date information and advice on making a transfer into or out of South Africa, as well as some general pointers on what to do, and what not to do. There is also information on the exchange control regulations that govern foreign exchange transactions in South Africa, and advice on how to deal with the paperwork.
We hope that you will find the related pages here to be to your benefit. However, should you not find what you are looking for, feel free to contact us.
Money Transfers to and from South Africa - here's how:
- Foreign exchange regulations in South Africa 03-01-2011
- Essential money transfer advice for all transactions 02-01-2011
- Exchange control relaxed in South Africa 28-10-2010