Transfer fee calculator
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How much are you planning to transfer to $?
R200,000
<---- Change only this cell
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Details on the calculator here:
https://investorchallenge.co.za/investing-properly-offshore-in-3-easy-steps/
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Current mid-market USD/ZAR rate
R18.34
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BanksClick FXEasy EquitiesExchange4freeRand Swiss
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AmountR200,000R200,000R200,000R200,000R200,000
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Basic feeR1,081R578R460R0R450
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SpreadR4,300R1,500R6,000R2,000R1,500
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TotalR5,381R2,078R6,460R2,000R1,950
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% lost to fees2.69%1.04%3.23%1.00%0.98%
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Left in ZARR194,619R197,922R193,540R198,000R198,050
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You get in USD
$10,613$10,794$10,555$10,798$10,801
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Calculations:
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1. Standard Bank: Fee of 0.5%, minimum R151, maximum of R690, SWIFT "Our" fee of R250, VAT of 15%, spread of 2.15%
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2. Click FX: Fee of R328, SWIFT "Our" fee of R250, spread of 0.75%
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3. Easy USD: Fee of 0.2% minimum of $4, VAT of 15%, spread of 3%
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4. Exchange4free: Fee of R250 for amounts under R100 000, no fee for over, spread of 1%, no transactions for less than R30 000
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5. Rand Swiss: Fee of R450, spread of 0.75%, but say you got the details from The Investor Challenge Blog and you'll only pay 0.70%! No transactions for less than R100 000.
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