International money transfers are a frequent target for scammers looking to exploit unsuspecting people.

Fortunately, secure platforms like Grey provide a safe and transparent way to send money, minimising risks and ensuring peace of mind. This guide highlights common scams, red flags to watch for, and practical tips to help keep your transactions secure.

Also read: How to receive payments from Guru in South Africa in 2025

Common scams targeting money transfers to South Africa

Here are some of the most common scams affecting international money transfers:

1. Romance scams

Fraudsters create fake online profiles and build emotional connections, eventually requesting money for emergencies, travel, or financial hardships.

2. Business opportunity scams

Scammers pose as businesspeople, offering investment deals or franchises in South Africa. They typically request upfront payments for “permits” or “processing fees.”

3. Fake inheritance scams

Victims receive emails or messages claiming they have inherited a large sum of money from a relative in South Africa, but must pay “legal fees” to access it.

4. Family emergency scams

Scammers impersonate distressed relatives or friends, claiming to need urgent financial help for medical emergencies or legal troubles.

5. Online shopping scams

Fraudulent sellers advertise goods on fake e-commerce sites or social media, take payment, and never deliver the promised items.

Also read: How to get an instant USD debit card in South Africa

Red flags to watch out for when sending money to South Africa

Recognising these warning signs can help prevent fraud:

• Urgency: Scammers pressure you to act immediately.
• Unusual payment methods: Requests for payments via unconventional methods should raise suspicion.
• Poor grammar and communication: Many scam messages have spelling errors and inconsistencies.
• Refusal to meet or provide identification: Fraudsters avoid video calls or in-person meetings.
• Too good to be true promises: Unrealistic investment returns or deeply discounted goods are likely scams.
• Lack of verifiable online presence: Legitimate businesses and individuals usually have traceable records.

Also read: How to receive Amazon payments in South Africa

Practical tips for sending money safely to South Africa

1. Verify recipient identity

Before transferring money, confirm the recipient’s details through official channels.

2. Choose secure platforms like Grey

Grey ensures secure transactions, protecting your funds from fraudsters.

3. Research investment opportunities

Before investing in South Africa, verify business credentials, consult financial experts, and check regulatory approvals.

4. Use secure payment methods

Avoid cash transactions or payment platforms without fraud protection.

5. Confirm emergencies independently

Contact family members directly if someone claims to need urgent financial help.

6. Ignore unsolicited financial requests

Be sceptical of unexpected messages asking for money or personal information.

7. Understand payment risks

Avoid risky transactions that lack tracking or refund options. Grey provides a secure, traceable method for payments.

8. Protect personal information

Never share sensitive banking details with unverified contacts.

9. Report suspected scams

If you suspect fraudulent activity, report it immediately to local authorities, your bank, or the transfer service used.

Also read: How to avoid scams when sending money to Algeria

Choose Grey for secure money transfers to South Africa

Scammers are constantly evolving their tactics, but using a trusted platform like Grey significantly reduces the risk. With multi-currency support, secure transactions, and competitive exchange rates, Grey ensures that your money safely reaches its intended destination.

Create your Grey account today or download the app to enjoy inclusive global banking, designed to carry your dreams across borders.

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