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Opening a bank account

How to open a bank account

A bank account is a reliable way to keep your money safe while earning interest. Many jobs nowadays also require you to have a bank account to receive your salary.

Is it your first time opening a bank account and you don’t know where to start? Simply visit any South African Bank with your ID book and proof of residence to open a bank account that suits your needs.

With a basic transactional account you can:

  • Withdraw cash at ATMs
  • Deposit cash into your bank account
  • Swipe your debit card at till points
  • Receive SMS notifications of your transactions
  • Bank from your cellphone at minimal cost

What you will need:

  • South African ID book or valid passport with the relevant study/work permit
    Note: Green barcoded ID book or smartcards only
  • Proof of residence
    Note: Utility bills or a bank-letter completed by your landlord, local chief or councillor

Who can open a bank account in South Africa?

  • South African citizens
  • Foreign nationals living in South Africa