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We have some news. Our fees are changing on transfers from USD to ZAR.
Here’s how much your transfers will now cost, depending on the amount you send:
|Amount||Old fee||New fee||Difference||Payment method|
|$100||$19.60||$17.80||$1.80 cheaper||Direct Debit|
|$250||$20.60||$19.30||$1.30 cheaper||Direct Debit|
|$500||$22.40||$21.80||$0.60 cheaper||Direct Debit|
|$750||$24.10||$24.30||$0.20 more||Direct Debit|
|$1,000||$25.90||$26.80||$0.90 more||Direct Debit|
|$2,500||$36.40||$41.80||$5.40 more||Direct Debit|
|$5,000||$53.90||$66.80||$12.90 more||Direct Debit|
The fee used to be $18.88 + 0.7%.
The new pricing will be:
- $16.75 + 1.00% for direct debit and debit cards,
- $16.75 + 0.85% for wire transfers (note that your bank is likely to charge you $25-50, on top of our fees, for wires),
- $16.75 + 2.70% for credit cards.
There are new prices for topping up your borderless account and converting from USD to ZAR too. It now costs 0.85% to convert your dollars and R146.50 to withdraw them into another bank account. To top up your borderless account, the fees are now:
- 0.15% for direct debit or debit card,
- 1.85% for credit cards,
- Free for bank transfers.
You can read more about why we've made this change here.
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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