Author Topic: Best way to send money to South Africa?  (Read 1521 times)

stahleyp

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Best way to send money to South Africa?
« on: November 25, 2019, 08:06:15 AM »
So our au pair is looking to send money safely (and cheaply) back to her home in South Africa. Anyone know the best way to do that?
Paul


SharperDingaan

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Re: Best way to send money to South Africa?
« Reply #1 on: November 25, 2019, 11:03:12 AM »
Above the table. Joint bank account; the au pair deposits, the other side withdraws.
Below the table. Find someone traveling there, or use the Hawala system.

SD

fareastwarriors

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Re: Best way to send money to South Africa?
« Reply #2 on: November 25, 2019, 11:05:53 AM »
Transferwise

stahleyp

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Re: Best way to send money to South Africa?
« Reply #3 on: November 25, 2019, 11:50:42 AM »
The joint account might work but sounds like it might be painful. Especially since they're all outside of the US.

transferwise might just work.

thanks guys!
Paul

Castanza

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Re: Best way to send money to South Africa?
« Reply #4 on: November 25, 2019, 11:52:54 AM »
Bitcoin  :P
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bizaro86

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Re: Best way to send money to South Africa?
« Reply #5 on: November 25, 2019, 12:11:04 PM »
The joint account might work but sounds like it might be painful. Especially since they're all outside of the US.

transferwise might just work.

thanks guys!

Doesn't need to be a joint account assuming there is trust here. Au pair sets up a north American bank account. Sends the debit card to the relatives. Deposits money into the account here, relative withdraws at ATM at home. Money comes in their currency at a convenient location with minimal fees.

fareastwarriors

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Re: Best way to send money to South Africa?
« Reply #6 on: November 25, 2019, 12:36:35 PM »
ATM fees might be low or even free depending on the bank/account type but what about the conversion rates?

Are the rates usually pretty bad?
« Last Edit: November 25, 2019, 01:19:26 PM by fareastwarriors »

stahleyp

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Re: Best way to send money to South Africa?
« Reply #7 on: November 25, 2019, 12:51:24 PM »
Well, this is super annoying. She just told me she's looking to rematch. She can't handle the 3 year old and 1 year old. She's been here for less than a week!

Thanks anyway guys.

Paul

John Hjorth

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Re: Best way to send money to South Africa?
« Reply #8 on: November 25, 2019, 06:49:41 PM »
Please take care of yourselves!
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