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Every time you send money from Canada to South Africa, you have to check the following things
Check today's currency conversion value.
Compare the exchange rate between banks and online CAD to ZAR currency exchange platforms.
Minimize your transfer frequency. Instead of doing multiple small transactions, you can do larger transactions. This will reduce your overall money exchange fee.
Look for Peer-to-peer(P2P) money transfers. P2P ensures your money will be directly transferred to the one you wish to send. This will give a better CAD to ZAR exchange rate and lower transfer fee
Check Remitbee currency converter tools real-time exchange rate for Canadian Dollar to South African Rand (CAD to ZAR) and Remitbee historical currency exchange value between CAD to Rand
Remitbee Mobile App made sending money to South Africa from Canada easier in just 6 steps.
Download the Remitbee Android or iOS App
Sign up with Remitbee
Verify your identity
Add recipient details
Choose a payment method
Click “Send”
Watch the 3-month historical trend in the exchange rate of CAD to ZAR. Wait for the favorable moment and do currency conversion
Compare exchange rates with the banks and currency exchange platforms.
Use the Remitbee online and app for the best low exchange rate for international money transfers.
Use leveraged forward contracts if there is more fluctuation in the Canadian Dollar to South African Rand currency conversion rate
Always avoid airport currency exchanges. In the airport, you will be charged a higher platform fee for CAD to South African Rand than for online currency exchange
Maximize your amount to be transferred to South Africa from Canada. Some platforms will lower your platform fee when the amount is higher. Remitbee offers a special exchange rate for those sending money in ZAR.
Here at Remitbee, we believe that online money transfers should be as affordable as possible. Your fee will always depend on the transfer amount and payment method that you select.
If you send less than 500 CAD: Direct Withdrawal (EFT) - 2.99 CAD, Interac e-Transfer - 2.99 CAD, Online Bill Payment - 2.99 CAD, Interac Online - 2.99 CAD, Debit card - 2.99 CAD +
If you send 500 CAD or more: Direct Withdrawal (EFT) - FREE, Interac e-Transfer - FREE, Online Bill Payment - FREE, Interac Online - 2.99 CAD, Debit card - 8.99 CAD +