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Products and services > Foreign exchange > Sending and receiving money
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Electronic payments
(also known as telegraphic transfers) |
Inward and outward electronic payments are a safe, convenient and cost-effective way of transferring money. You can use them for travel, gifts or payments into and out of South Africa. |
| Drafts |
A draft is an instruction given by us to a foreign bank to pay a beneficiary specified by you a fixed sum of money. The value is stipulated in either rands or the relevant foreign currency. |
| MoneyGram money transfer |
A MoneyGram money transfer is a reliable and convenient way to send and or receive money from family and friends in over 170 countries outside the common monetary area (Namibia, Swaziland, Lesotho), without the need of a bank account. The service can also be used by existing Standard Bank account holders. |
| Clean bills of exchange (foreign cheques) |
Receiving a foreign cheque from a friend or relative? |
| Exchange control |
All foreign exchange transactions in South Africa are subject to exchange control regulations, which are governed by the South African Reserve Bank. |
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