Moving money from South Africa to Australia

There are as many methods to move money as there are amounts and reasons to move it. Initially you’ll just need money to get by and set up your life, and that should very easily fit into the R1m per year Single Discretionary Allowance that SARS gives you.

Be careful, as there are many experts who will “help you get a good rate” but then charge you fees or a percentage as part of that.

I and many others have found that Shyft from Standard Bank (https://www.shyft.co.za) is easy to set up and has excellent rates. For anyone who wants to sell you expert help, check their total cost against what you can get from Shyft.

Similar, but doesn’t serve Australia yet, is Discovery Bank. Excellent rates to USD, Euro or Pound.