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General Category => Shares => Topic started by: trevormuche on September 22, 2017, 12:06:57 pm

Title: Sending money offshore
Post by: trevormuche on September 22, 2017, 12:06:57 pm

Hi Everyone,

Any pointers on the most cost effective way for sending money offshore. My bank is just way too expensive

Title: Re: Sending money offshore
Post by: andre on September 22, 2017, 12:40:24 pm

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. :'(