Frequently Asked Questions

Why use Charter Forex?

Through our arrangements with Authorised Dealer banks, we are able to pass on discounted wholesale exchange rates.  This equates to a saving of up to 2% on the retail rates from banks, so on a R1m transfer you could be up to R20,000 better off.

Yes.  Your money is held in a dedicated bank account in your name with our partner Authorised Dealer Bank, and at no time does Charter Forex hold the funds themselves.  Furthermore, Charter Forex is fully regulated by the Financial Services Board.

Better rates and better service.  By receiving money in South Africa or sending money from South Africa using Charter Forex you can obtain better rates than foreign exchange transfers done through your usual bank.  You will also have a dedicated contact person at Charter Forex who can help you through the maze of rules and regulations that govern foreign exchange transfers.

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