Have you ever tried to bring funds into SA using your bank, only to wait a week for them to arrive – and then discover you’ve paid far more than you expected?
It’s no secret that the banks collectively earn billions each year from the forex market, largely through hidden spreads – the difference between the buy and sell rate of a currency. For most inward transfers, this spread ranges from 2% to 3% – a hefty cost for a transaction that’s almost entirely electronic.
“In an age where technology makes so many financial transactions faster and cheaper, the banks’ fees and slow processing times are increasingly hard to justify. South Africans have accepted this as the norm for decades, simply because there were no credible alternatives,” says Harry Scherzer, CEO of Future Forex and a qualified actuary.
However, multi-award-winning fintech Future Forex has introduced a pioneering solution, making it far quicker, easier and cheaper for individuals and businesses to bring funds into the country.
Through a unique blend of cutting-edge financial technology and white-glove client service, Future Forex ensures its clients offshore funds reach South Africa quicker than ever – while removing the tedious paperwork and slow, manual processes along the way.
All this is done at up to one-fifth the cost compared to traditional banks and other fintech players.
Whether you’re a remote worker earning foreign income, repatriating investment proceeds, selling overseas property, receiving an inheritance, or a business bringing foreign revenue back for your South African cost centre, Future Forex turns the usual slow, expensive nightmare into a swift, seamless and highly-cost-effective process.
“We’re also seeing more foreigners relocating to South Africa on ‘swallow’ visas who need to transfer funds for living costs or investments,” says Scherzer.
“When relying on the banks, the process is notoriously frustrating – delays often mean you can’t cover your rent on time, or you have to stall investment opportunities.”
Why is Future Forex so much quicker and more affordable?
The bottlenecks in traditional methods are clear, and Future Forex has systematically transformed them.
By blending highly automated systems, leading tech, and expert human oversight, they’ve dramatically reduced costs and processing times.
“Our process is entirely digital, meaning our clients never have to resubmit the same documents or fill out unnecessary forms,” says Scherzer.
“Our experts handle everything behind the scenes, ensuring you get your funds quickly, easily, and without the typical headaches.”
Personalised service that actually cares
Unlike banks, where queries land you in endless call-centre loops or chatbots, Future Forex does the opposite.
Every client gets a dedicated account manager – a forex specialist with deep industry knowledge – who handles your transaction end-to-end, gives real-time updates, and sorts out any issues instantly.
“When clients contact us, they want someone who truly understands their situation and responds right away,” explains Scherzer.
“A single point of contact who knows you personally, and is just a phone call away, makes all the difference. That level of service is rare in this industry.”
Award-winning tech
For those who prefer to manage their transactions independently, Future Forex offers an intuitive web and mobile app that streamlines every inward transaction.
With live rates and real-time quotes at your fingertips, you can book transactions, track funds, and manage your account seamlessly – all from a single, easy-to-use platform.
This pioneering approach – blending cutting-edge tech with a truly personalised client experience – has made Future Forex the first of its kind in South Africa’s foreign exchange space. It’s earned the company multiple accolades, including ‘Company of the Year’ at the 2025 Africa Career Summit and ‘Outstanding Customer Service in Forex & Payments, South Africa’ at the World Business Outlook Awards, building on a strong run of recognition from previous years.
Follow this link to get in touch with a Future Forex expert or request a quote for your transaction. You can also give them a call on 021 518 0558 or send them a message on WhatsApp.
Brought to you by Future Forex.
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