Close

Best Foreign Exchange Provider in Africa 2024

FNB has been awarded as the Best Foreign Exchange Provider in South Africa for the eighth year in a row in the annual World's Best Foreign Exchange Provider awards hosted by the Global Finance Awards.

The winners were selected from 87 countries globally using a criteria which included, but not limited to, transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance magazine also considered input from industry analysts, corporate executives and technology specialists.

MoneyGram(TM) | Forex | FNB
Home
Back
MoneyGram
 
Home
For Me
& My Family
For My Business
Corporates + Public Sector
Private
Calculators
Rates + Pricing
About FNB + Legal
Contact Us + Tools
Careers at FNB

Close

Close

Please select

For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Close

Please select

For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Close

Close

Daily Banking

Close

Tools

Register Forgot Username or Password Verify payments

Close

Menu

Bank Family & Life stage solutions Events & Services Bank better

Switch to FNB

Product Shop

Financial Solutions

Bank Invest Borrow Insure Connect

Ways to bank

Digital Banking Branch, ATMs + Telephone Banking + @Till Banking Digital Payment Solutions nav»

Invest abroad

Global Solutions

Financial planning

Overview Personal goals Child's education Emergencies Tax free Estate + legacy planning Employee Benefits

Forex

Foreign exchange solutions

eBucks Rewards

eBucks Rewards SLOW

Switch to FNB

Product Shop

Lifestyles

Family Banking Youth accounts FNB EasyPlan Islamic banking Premier Medical Professionals Premier Select Over 55s Encore - Over 55s Retirement

Switch to FNB

Product Shop

Events

Events

Services

DebiCheck and Debit Order Balance Alert Limit Alert LOTTO and PowerBall Prepaid products Soccer six Traffic fines Switching Services inContact Online vouchers Payments and Debit Orders DStv Payments Account Closure Guide

Switch to FNB

Product Shop

Bank better

Learn about banking FNB App guides

Close

Switch to FNB Business

Product shop

By Turnover

First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Enterprise Business (R60 million - R150 million+ p.a)

Transact

Business Accounts Credit Cards Cash Solutions Merchant Services eWallet Pro Staffing Solutions ATM Solutions Ways to bank Fleet Services Guarantees

Savings and Investments

Save and Invest 3PIM (3rd Party Investment Manager)

Borrow

FNB Cash Advance Overdraft Loans Debtor Finance Leveraged Finance Private Equity Securities Based Lending Selective Invoice Discounting Asset Based Finance Alternative Energy Solutions Commercial Property Finance Fleet Services

Insure

Insurance

For my employees

Staffing Solutions Employee benefits

Forex + Trade

Foreign Exchange Imports and exports Structured Trade + Commodity Finance Business Global Account (CFC account)

Value Adds + Rewards

Connect my business the dti initiatives Enterprise and supplier development Business Hub eBucks Rewards for Business DocTrail™ CIPC Integration Channel Instant Accounting Solutions Instant Payroll Instant Cashflow Instant Invoicing SLOW 24/7 Business Desk FNB Business Fundaba nav» Marketplace Prepaid products Accounting integrations

Industry Expertise

Philanthropy Chinese Business Islamic Banking Agriculture Public Sector Education Healthcare Franchise Motor Dealership Tourism

Going Global

Global Commercial Banking

Financial Planning

Overview

Bank Better

KYC / FICA Debit order + recipient switching Electronic Alerts

Close

Corporates + Public Sector

Corporate Public Sector

Close

Home Loans

Affordability Bond Calculator

Day to day banking

Budget Future Value Credit Cards

Shares

Share Investor

Vehicle Finance

Vehicle Repayment Vehicle Purchase Price

Close

Product Rates

Save and Invest Transactional Savings Legal Practitioners and General Trust Account Global Accounts

Pricing Guide

Overview

Rates

Foreign Exchange Rates Lending Rates

Indicators and Share Price

SA Indicators

Close

News + Insights

Press Office Economics commentary Insights Business Hub

Close

Terms + Conditions

Product Terms and Conditions Promotions Terms and Conditions Legal Matters

About Us

World of FNB

News + Insights

Press Office Economics commentary Insights Business Hub

FNB Subsidiaries

Botswana Lesotho Ghana Namibia Swaziland Zambia Channel Islands

Close

Talk to us + important numbers

Contact us

Fraud + Disputes

Security Centre

Locators

ATM Locator Branch Locator/Book a Branch Visit eWallet GEO Locator

Tools

Switching Services Track and Trace Lead Form Tracking Upload Documents - For Me Upload Documents - For My Business Reporting a death Software Downloads FNB Approved Suppliers FNB Prospective Suppliers Verify Guarantee Verify Statements Verify Payments Verify Account Confirmation/Visa Application Letters eWallet balance enquiry

Close

Careers at FNB

Find out more about careers at FNB Apply here

Close

Close

All savings + investment accounts

Cash deposits

Notice deposits Immediate access Access to a portion Fixed deposits

Share investing

Shares

Tax-free investing

Tax-free accounts

Funds/unit trusts

Ashburton specialised products

Invest abroad

Offshore products

I want to save for

Personal goals Child's education Emergencies Tax-free

Compare similar

Compare

Additional options

Show me all Help me chosse Find an advisor

Financial planning

Overview

Close

Close

Find a branch

Close

Terms, conditions, rules and pricing

Forex Pricing Guide

View South African Exchange Control Requirements

Terms and Conditions

Close

What is a SWIFT code?

The Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) is an electronic communication method used by banks all over the world to correspond with each other in a secure and standardised way. SWIFT transfers are secure, standardised, relatively inexpensive and extremely quick.

If you are unsure of the SWIFT code, simply select Foreign Bank Search while capturing your Global Payment application.

FNB's SWIFT code is FIRNZAJJ

When entering the SWIFT code, please make sure that all the letters are in uppercase.

Close

South African Exchange Control Requirements

All foreign exchange transactions in South Africa are subject to exchange control regulations, governed by the South African Reserve Bank. In accordance with compliance and as an authorised dealer, we provide you with the rules applicable to South African residents travelling abroad . Full details can be found on the South African Reserve Bank's website.

Close

Rules for South African residents travelling abroad

  • Foreign currency for travel purposes may not be bought more than 60 days prior to the departure of the traveller.
  • Travel allowance covers a calendar year (1 January - 31 December)
  • Any unutilised portion of a travel allowance must be resold to an authorised dealer within 30 days of your return. You may however, reapply for the unused portion of your discretionary allowance at any time during the calendar year.
  • A South African resident over the age of 18 is entitled to a single discretionary allowance of up to R1 million per calendar year. The single discretionary allowance may be used for any legal purpose abroad (including for investment purposes). This dispensation may be utilised solely at the discretion of the resident without any documentary evidence having to be produced to the authorised dealer except for travel purposes outside the Common Monetary Area where a passenger ticket needs to be produced.
  • Children under the age of 18 years qualify for a travel allowance of R200 000 per calendar year. For travel purposes, a valid travel document must be presented, indicating that the journey commences from South Africa. Allowance may not be issued more than 60 days prior to departure.
  • The costs of land arrangements (hotels, cruises, tours, etc.) are deductible from a travel allowance, except the payment of airfares in rands.
  • In addition, each traveller may take R25 000 in South African Reserve Bank bank notes when visiting abroad.
  • Where the insurance value of your personal belongings not for sale, exceeds R50 000, you will need a NEP form attested by a bank or by Customs and Excise. Please enquire at your nearest FNB branch should you need this form.

Close

How to do a MoneyGram Send transaction via Cellphone Banking

  1. Dial *120*321# and enter your 5-digit PIN
  2. Select Option 4 (Send Money)
  3. Select Option 2 (MoneyGram)
  4. For SA residents
    Select 1 - to send a gift, or
    Select 3 - to receive a gift.
  5. For foreign nationals
    Select 1 - to send a gift, or
    Select 2 - to send a salary, or
    Select 3 - to receive a gift, or
    Select 4 - to receive a salary.

Sending Money - MoneyGram via Cellphone Banking

You will receive the request to select your beneficiary details and follow the prompts to complete the transaction.

Receive Money - MoneyGram via Cellphone Banking

Enter the 8-digit MoneyGram reference number as received from the sender and follow the prompts to complete the transaction.

To register for Cellphone Banking
Dial *120*321#, visit any FNB branch or ATM, or call the Cellphone Banking helpline on 087 575 9405. (This service excludes Windows 7.5 - 8 operated phones.)

Close

How to do a MoneyGram Send transaction at an ATM

  1. Select MoneyGram Send
  2. Read and accept the MoneyGram Terms and Conditions
  3. SA residents can send and receive money as a gift (select Send Gift ). Foreign nationals can send and receive money as a salary or gift (select relevant option)
  4. Select the beneficiary
  5. Select the service option (the currency in which the beneficiary should receive their money)
  6. Select the fee option
  7. Key in the amount to be sent
  8. Select the account to send the money from
  9. Enter your cellphone number
  10. Verify the on-screen information and select Proceed
  11. The quote screen displays the exchange rate, fee and amount to be debited from your account. The quote is valid for two minutes.
  12. Select Accept .

You have completed the MoneyGram Send transaction.

You will receive an SMS with the reference number.

Close

Qualifying criteria

FNB qualifying account

Close

Documents needed

To save and register your beneficiaries at a branch, ensure you have the following documents:

  • Beneficiaries full name (As per identity document)
  • The country to which you will be sending the cash

Close

What you get

This is an easy and affordable, quick and convenient way to send or receive foreign currency and its speed and simplicity ensure a same-day transaction. All you need to send a MoneyGram is an FNB account - along with some money in it, of course!

  • Fast: Money is available for the beneficiary to collect within 10 minutes.
  • Simple: Simple process from sender to receiver.
  • Accessible: Encashment available at more than 350 000 MoneyGram outlet locations in 200 countries and territories worldwide.
  • Affordable: It's an affordable way to send money abroad.
  • Reliable: The sender can rest assured that the money will reach the destination.
  • Secure: Complies with international money transfer regulations.
  • Convenient: Available 24/7/365 via the FNB App, *120*321# or ATM.

Close

How to do a MoneyGram Send/Receive transaction via FNB App

Your beneficiaries will receive the money in the preferred currency of the country they reside/live within minutes. With the FNB App, you can choose to send money to a bank account, a mobile money wallet or send money for collection at an agent.

How to do a MoneyGram Receive transaction via FNB App

How to do a MoneyGram Send transaction via FNB App

Please note:

When receiving a MoneyGram FNB will not ask you to divulge your account details nor will we ask you to click on any links sent via email or SMS or any other method to facilitate the transaction.

When you expect to receive a MoneyGram, ask the Sender to use the 'Will Call OPTION' (over the counter option) when they are sending money to South Africa. This is the option that provides you with an 8 digit reference that the sender can then share with you as the recipient to enable you to receive the funds.

Close

How to add beneficiaries

When you do your MoneyGram transaction via the FNB App you can load your beneficiaries and send your MoneyGram all on the FNB App. When you use other channels to do your MoneyGram transaction such as ATM, Branch and *120*321# remember that you will need to first load your beneficiaries at an FNB Branch before you can send a MoneyGram.

Close

How to receive money using MoneyGram on the FNB App:

How to access MoneyGram through FNB App

  1. Log into the FNB App
  2. Click on the Forex Tab
  3. Click on Remittances
  4. Click on Receive MoneyGram

How to Receive a MoneyGram transaction

  1. Capture the MoneyGram reference received from the Sender
  2. Click on Find Transaction
  3. Complete 'Relationship to Sender' field
  4. Account to be funded can be changed
  5. Click Continue
  6. For SA Residents
    BoP code 401 (Send a Gift) will automatically display
    For Foreign Nationals
    BoP code 417 (Send a Salary) will automatically display
  7. View and/or click on the tick box to agree to the regulatory declaration.
  8. Click on Continue
  9. View and/or confirm agreement to the Terms and Conditions by clicking on the tick box
  10. Click on Continue
  11. Click on Accept to accept the quote displayed.
  12. Thank you: MoneyGram send application has been sent to the bank

An SMS will be sent to your cellphone number confirming the success of the MoneyGram transaction.

If the MoneyGram transaction was unsuccessful a message will be sent to the customer containing the FNB Forex reference number. Customer should contact 08601 36739.

Close

How to do a MoneyGram Send transaction via FNB App:

How to access MoneyGram through FNB App

  1. Log into the FNB App
  2. Click on the Forex Tab
  3. Click on Remittances
  4. Click on Receive MoneyGram

How to Send a MoneyGram transaction

  1. Click on the Beneficiary to whom the MoneyGram is being sent
  2. Please confirm that you want to send a MoneyGram - use the slider to confirm
  3. Select the account where funds will be withdrawn from
  4. Complete:
    • Fee Method
    • Currency
    • Amount
    • Reference
    • Promotional code
  5. Click on Continue
  6. For SA Residents
    • BoP code 401 (Send a Gift) will automatically display
    For Foreign Nationals
    • BoP code 417 (Send a Salary) will automatically display
  7. View and/or confirm agreement to the Terms and Conditions by clicking on the tick box
  8. Click on Confirm
  9. Please wait while system generates quote
  10. Click on Accept to accept the quote displayed
  11. Thank you: Send MoneyGram application has been sent to the bank. MoneyGram reference to be sent to beneficiary will appear on the screen.

An SMS will be sent to your cellphone number confirming the success of the MoneyGram transaction.

If the MoneyGram transaction was unsuccessful a message will be sent to your cellphone number with the Foreign Exchange application number. Kindly contact the Foreign Exchange help desk on 08601 36739 for assistance.

MoneyGram

Send money to loved ones abroad

Now that MoneyGram is available on the FNB App, sending money across borders to family and friends is quick, easy and hassle-free. What's more exciting is that when sending money abroad, the sender has the option to send the MoneyGram to a bank account or even a mobile money wallet in addition to the original method of sending money via the comprehensive MoneyGram agent networks in over 200 countries of the world.

Global Finance World's Best FX Providers 2017 - 2024

What you get

A simple + easy money transfer

This is an easy and affordable, quick and convenient way to send or receive foreign currency and its speed and simplicity ensure a same-day transaction.

How it works

Send money to over 200 countries

All you need to send a MoneyGram is an FNB account - along with some money in it, of course! You can send a MoneyGram via the FNB App, *120*321#, ATM or from an FNB branch.

How to add beneficiaries

FNB App

How to transact with MoneyGram

Read more

*120*321#

How to transact with MoneyGram

Read more

ATM

How to transact with MoneyGram

Read more

Go to a branch

Find an FNB branch

Read more

Getting it made easy

Call me back
 

FNB App
FNB ATM
*120*321#
Find a branch

Terms, conditions, rules and pricing

First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).