The JSE and finance forum for South Africa
General Category => Shares => Topic started by: trevormuche on September 22, 2017, 12:06:57 pm
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Hi Everyone,
Any pointers on the most cost effective way for sending money offshore. My bank is just way too expensive
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Apart from the fee for Swift how does one know what exchange rate will be used by the banks?
At Nedbank the fee is 0.59% which maxes out at R772 - which is around R133k at that rate. Once off larger amounts would make a bit more sense to bring the fee down.
But the rate of exchange is still an issue for me. :'(