What is the SWIFT processing fee?

Capitec charges a fee for sending funds via the SWIFT network. There are two fee types which allow you to choose whether the fees are charged on the sender and/or receiver side:

  • OUR – The fee is paid on the sender side of the transaction (i.e. all in ZAR).
  • SHA/BEN – The fee is “shared” between the sender and receiver side (i.e. in ZAR and foreign currency). As a result, your recipient receives less foreign currency than sent.

We recommend OUR, as it is more predictable and typically lower cost overall.

Send Receive
OUR R500 R250
SHA/BEN R250 + Foreign Currency* R350

*SHA/BEN fees are shared with your recipient. As a result, your recipient receives less foreign currency than sent.

Forex - Fees > What is the SWIFT processing fee?
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