International Payments / WIRE Transfers (SWIFT)

K

KaMoS

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Hi

I did some research on the costs to receive money in a foreign currency (WIRE transfer) with all four major banks. Here are the fees:

Nedbank
R2000 >
R68

R2000 <
R107.50 + 0.485%


Standard Bank
R130 + .45%


ABSA
R100 + 0.35%


FNB
R125 + 0.45%


The first amount is the minimum charge and the second is a percentage of the amount received that is charged over and above the minimum fee. I didn’t note the fee maximum as they were all ranged between R500 – R600.

Hope this helps, because I could find the information any on the internet.
 
Hi, thanks a lot for this info. Do you have any idea what the fees are for making a deposit to an international bank from a Standard Bank account? I could find this info for FNB but not for Standard bank.
 
Hi

Random Question, does anyone have the banking details for a large international corporation?
I would like to pay R1 to Amazon(or any large corporation) to test if I am able to make international payments
 
Last edited:
Dee96 said:
I would like to test making an international Swift payment but I need banking details of any large corp for me to make my test payment into
Click to expand...

There is/will be clearly a minimum amount required to be sent internationally.. Swift or Money Xfer(Moneygram,WU, etc)

Would think at least in the $20-50 range, to ensure ppl don't take up banks resources with nonsense.
 
MirageF1 said:
There is/will be clearly a minimum amount required to be sent internationally.. Swift or Money Xfer(Moneygram,WU, etc)

Would think at least in the $20-50 range, to ensure ppl don't take up banks resources with nonsense.
Click to expand...
I am happy with that but I still require banking details for any large corporation to make the payment into
 
Dee96 said:
I am happy with that but I still require banking details for any large corporation to make the payment into
Click to expand...
Why does it have to be a large corporation? Surely any account at any international bank would do?
 
Dee96 said:
I would like to test making an international Swift payment but I need banking details of any large corp for me to make my test payment into
Click to expand...

But why? Just make the
Dee96 said:
I would like to test making an international Swift payment but I need banking details of any large corp for me to make my test payment into
Click to expand...

I gathered that, but why!? Phone your bank and ask if you can do a swift transfer...
 
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