When you register for an account in South Africa, you'll be directed to our South African sister company, Ria Sikhona Money Transfers.
Part of Euronet Worldwide, Ria Sikhona Money Transfers offer:
- money transfers to 188 countries
- great rates
- fast transfer times
- no third-party fees
How much can I send with Ria Sikhona Money Transfers?
You can transfer up to R300,000 per day or per month to a bank account. If you're sending money for cash pickup, there's a daily limit of R5,000 and a monthly limit of R25,000.
What information do I need to provide about my recipient?
If you're sending money to South Africa you'll need:
- Your recipient’s name, email address and home address
- A South African-registered phone number for your recipient
- Your recipient's Bank Name
- Your recipient's Bank Code
- Your recipient's Bank Account Number
- Your recipient's Bank Account Type
- Your recipient's Bank Branch Number
What will my recipient need to do to receive money?
Your recipient may need to provide extra information to receive an international money transfer. Below you'll find details of what documents may be required depending on the recipient's status, the value of the transfer and the delivery method.
In addition to the documents below, all first-time recipients of international money transfers in South Africa will need to complete the South African Reserve Bank Mandate. This is a simple onboarding process which the recipient will only need to complete once.
You're sending money to someone else and it will be deposited by bank transfer
If you're sending money to someone else in South Africa and the money will be paid into their bank account, they'll need to provide the following:
Recipient status |
Daily limit: R300,000 Monthly limit: R300,000 |
South African ID holder |
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Foreign passport holders |
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Asylum document holder |
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You're sending money to the bank account of someone who is under 18
Recipient status |
Daily limit: R5,000 Monthly limit: R25,000 |
Recipient is under 18 |
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You're sending money to someone else for cash pickup
If you're sending money to someone else and they'll collect it in cash, Ria Sikhona Money Transfer will ask for these documents:
Recipient status |
Maximum daily limit for cash pickup: R5,000 Maximum monthly limit for cash pickup: R25,000 |
South African ID holder Foreign passport holders Asylum document holder |
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Please note that you can't send money for cash pickup to yourself.
You're sending money to your own bank account in South Africa
If you're sending money to your own bank account in South Africa you'll need to provide the following:
Recipient status |
Daily limit: R75,000 Monthly limit: R100,000 |
Daily limit: R300,000 Monthly limit: R300,000 |
South African ID holder |
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Asylum document holder |
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You're a foreign passport holder sending money to your South African bank account
Recipient status |
Daily limit: up to R50,000 Monthly limit: up to R50,000 |
Foreign passport holders |
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Additional requirements for first-time recipients
Your recipient will need to complete the South African Reserve Bank Mandate the first time that they receive an international money transfer. They may also need to provide proof of bank account.
Learn more about receiving money with Ria Sikhona Money Transfers.
The South African Reserve Bank Mandate
In order to receive money, all South African recipients must complete the South African Reserve Bank Mandate the first time that they receive an international money transfer. Here's how the process works:
How first-time recipients complete the South African Reserve Bank Mandate
Ria Sikhona Money Transfers will send your recipient a link by email or by SMS so that they can complete the South African Reserve Bank Mandate
- Your recipient will need to follow the link in the email to complete the next steps.
- They'll be asked to provide a South African mobile number. If they don't have a South African mobile number, the mandate will be completed in a different way.
- Your recipient will need to provide some personal information, a picture of the photo page in their passport and a selfie.
- Ria Sikhona Money Transfers will confirm once the check is complete.
Recipients only need to complete the South African Reserve Bank check once for the first international money transfer they receive.
Do I need to complete the check if I'm sending money to myself?
Yes. All recipients must fulfil the South African Reserve Bank's reporting requirements before receiving ZAR from abroad for the first time.
Proof of Bank account
As part of the South African Reserve Bank Mandate process, recipients may be asked to provide proof of a South African bank account, either in the form of a bank confirmation letter or a bank statement issued within the last 90 days (3 months).
- The document must show the bank's name and logo and the account holder's name and bank account number.
Important: Ria Sikhona Money Transfers will contact your recipient to request these documents in order to complete the transfer. Please do not attempt to send money to a recipient without the required documents as your transfer will not be completed. |