how much it cost to transfer 77000 using citi global tansfer

These fees, known as exchange rate margins, are charged when banks or other currency exchange providers offer poorer exchange rates than the 'real' exchange (called the mid-market exchange rate), thereby making a small profit on every rand converted into a foreign currency. In addition to the costs outlined above, FNB will also include another (less transparent) fee in your transfer. The bank charges its own set of fixed fees and uses MoneyGram's forex rates (which are usually better than FNB's). MoneyGram from FNB is accessible via the FNB mobile app, at an FNB ATM, in-branch, or by dialling *120*321#. The service is primarily geared toward cash pick-up services, although MoneyGram - the second largest currency exchange company in the world - also processes bank transfers and mobile wallet payments too. In addition to standard wire transfers, MoneyGram from FNB is an alternative method for FNB customers to send money internationally. Add all your recipient's banking details.Specify whether your payment is once-off or recurring.Select 'Forex' from the tabs at the top of the interface.Log in to your FNB digital banking profile.To transfer money using FNB Online Banking or to send money on the FNB app, you'll need to do the following: A 0.65% cut of the total transfer amount, capped at a minimum of R400 per transfer and a maximum of R925 per transfer.On the other hand, the fees are similar for transfer instructions in-person or over the phone, albeit with much steeper maximum and minimum fee caps. A R194 flat fee for all transfers made in South African rands.

A 0.55% cut of the total transfer amount, capped at a minimum of R299 per transfer and a maximum of R550 per transfer.For transfer instructions via online or mobile banking, these fees are the following: FNB Charges for International TransfersįNB international transfer fees are levied through a combination of commissions and fixed fees per transaction. This means that, as an FNB customer, you'll need to use your online or mobile banking account to instruct a transfer, and FNB will wire your funds over the SWIFT network to reach its destination in a foreign country and currency.Īlternatively, FNB customers can also send money conveniently through FNB's integration with MoneyGram - a feature that's available via mobile app, SMS banking, in-branch, or over the ATM. In most cases, FNB international payments are processed as international wire transfers.

How much it cost to transfer 77000 using citi global tansfer