Foreign Nationals

Banking needs are similar irrespective of where you live in the world therefore when thinking of banking in South Africa we will help you find financial solutions that will allow you to take advantages of opportunities our country presents. We also know all about the complex and tedious control regulations you may encounter, but you finally have a banking partner that endeavors to understand you and therefore will essentially take care of all your banking needs.

The offering:

  • Transactional accounts
  • Foreign currency accounts
  • Savings accounts
  • Short and Long term investment accounts
  • Credit card
  • Home loans
  • Vehicle finance
  • Digital banking
  • Insurance and Wealth
  • Instant Money
  • Forex

 

 

  • Non-Resident Banking

    We offer services for clients (Natural and juristic persons) who reside outside the common monetary area ( South Africa, Lesotho, Swaziland and Namibia).

    We have a full range of banking offerings and services at your fingertips:

    Current accounts

    Foreign currency accounts (in US dollar, euro or pounds sterling)

    Savings accounts

    Investment accounts over short and longer terms

    Home loans

    Access to digital banking

    Instant money

    If you are considering emigrating, we will assist to make sure that all of your financial affairs are in order as this service also extends to South African citizens who are moving to or living in another country but hold financial interests in South Africa.

    How do I open a Non-Resident account?

    All you need is the following:

    • A valid proof of identity
    • An address of your current residence
    • Three months bank statements from your previous countries bank, showing the activity on the account
    • A Certificate of Introduction from your previous countries bank, showing your personal details and signed by a bank official, with their name and contact number on the letter.

     

    Why choose a Non-Resident account from Standard Bank?

    • We offer full banking suit and have been in existence for over 150 years therefore we are reliable and offer online banking 
    • We offer great rates on savings and investment offerings
    • We have a dedicated Non-Resident banking services and they will
      • A banker that always has your best interests at heart
      • A banker that is trustworthy and reliable
      • A banker that will provide you a single channel of communication for all your dealing, which will offer continuity
    • We also offer special rates and lower service fees for clients over 55years on transactional and investments

     

    We also offer Foreign Exchange services, which include international payments. Non-Residents will be able to make beneficiary payments in the following ways:

  • Temporary Resident Banking

    * Take up any of our banking services as a temporary resident in South Africa. To qualify as a temporary resident, you will need to be living in South Africa for reasons such as work/business, study or accompanying a family member, and you should be in possession of a valid visa or permit. Please see below Exchange Control Rules and Regulations for more information

     

    We have a full range of banking offerings and services at your fingertips, which includes:

    Transactional products for Personal and Business Accounts

    Foreign currency accounts (in US dollar, euro or pounds sterling) Foreign-Exchange

    Savings-and-Investment-accounts

    Investing

    Credit-cards

    Vehicle-&-asset-finance

    Home loans

    Society-Scheme

    Insurance and Wealth

    InstantMoney

    Our services are available to all permit or visa types issued by the department of Home Affairs. We will also aid in your financial affairs when considering immigration.

     

    How do I open an account?

    All you need is one of the following permits or visas:

    • Study
    • Business
    • Work
    • Permanent residence
    • Diplomats
    • Retired persons visa
    • Asylum seeker permit
    • Refugees ID

     Along with the above, a valid email address is required.

     

    Why choose an account from Standard Bank?

    With our efficient banking services, you will have access to:

    • An array of South African banking services
    • Self- Service Banking
    • Personalised service
    • UCount Rewards 

     

  • Exchange Control Rules and Regulations

    When you emigrate, we will assist you with your emigration process because as an authorised dealer our primary focus is to ensure your compliance with regulations stipulated by the South African Reserve Bank on exchange control regulations.

     

    Our specialists provide a variety of consulting services pertaining to the opening and operating of Non-Resident accounts, as well as other related exchange control issues.

     

    We will submit applications to the South African Reserve Bank on your behalf when necessary or required.Our exchange control services cover:

    • Emigration assistance
    • Inheritances (estates)
    • Release of blocked assets and fund
    • Assistance to foreign national employed in South African contracts
    • Pension payments to residents temporarily abroad, Exchange control advice and guidance to all retail clients

     

    Applications to the South African Reserve Bank cover:

    • Loans from non-residents to residents Transfers by emigrants above the limit
    • Exemption from regulation 3(1)(F) in terms of Home Loan applications for Non Resident customers
    • Income and capital distributions from Inter Vivos and Will Trusts
    • Death Claims
    • Surplus pensions transfers

  • Important information and links

    Contact details:

    Speak to one of our consultants while in South Africa:

    011 631 6543

     

    From another country:

    Tel: +27 (11) 631 6534

    Email: nonresidentcentre@standardbank.co.za

    Links:

    South African Home Affairs

    South African Reserve Bank

    Homecoming Revolution

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