Non-resident banking
Looking to do your banking in South Africa while living in another country? We have the one-stop solution for you.
Some of the benefits
Specialised services
Online banking
Low cost
Convenience
As a South African citizen or permanent resident who has formally emigrated (private individuals who have ceased to be residents for tax purposes), you can still enjoy local banking products:
- Transact with a non-resident bank account for your everyday needs
- Fund a property by getting a loan of up to 50% of the property value
- Invest and save through a range of savings and investment products
We will also help you transfer your assets abroad, provided you:
- have ceased to be a resident for tax purposes in South Africa;
- have obtained a Tax Compliance Status (TCS) PIN in respect of emigration from the South African Revenue Service (SARS); and
- are tax compliant upon verification of the Tax Compliance Status (TCS).
If you have formally emigrated and want to inquire about opening a non-resident account, please contact us at [email protected]
Here are some of the ways we can help you move your money across borders:
- Online Banking
Get a card and register for Online Banking to:- Make local payments to South African bank accounts
- View and download your bank statements
- International transfers
- Standing instructions are a way of making automatic payments through the bank for a fixed amount on regular intervals (annually, quarterly, monthly, or weekly upon request) by debiting your active account.
- Document required for international transfer (Standing Instruction (SI) form). Send your completed form to [email protected]
- Automated payments
- Make automatic payments for a fixed amount at regular intervals (annually, quarterly, monthly, or weekly upon request) by debiting your current or savings account
- Download, complete and send your Standing Instruction (SI) form to [email protected]
The bank fees you’ll pay depends on the type of account you choose and the type of transactions you make.
- Annual fee for safe custody and share-related transactions: R447
- Renewal fee: R1 050
- Outward International Payments (excluding travel-related transactions) sent to parties outside the Common Monetary Area ‒ foreign currency and Rand: 0.60%
- Standing Instructions: additional R75 to outward international fees
- Exemption from Reg 3(1)(f): R1 589
- Written/ Electronic (Exceptions) application: R1 589
- Application to remit funds in excess of R10 million: R1 589
To start banking as a non-resident, you’ll need certified copies of:
- Your valid passport
- Proof of address not older than 3 months
- 3 Months’ statements from your offshore bank account
- Proof of income
You’ll also need to complete, sign and send the following forms to [email protected]
- Non-resident account application
- Card application
- Card Indemnity
- Financial Advisory and Intermediary Services (FAIS)
- Terms and conditions for the Trade Customer Foreign Currency account
- MyMo, MyMo Plus and Puresave
- General terms and conditions
- Personal Information for additional signatory
- Product specific terms and conditions
- Terms and conditions for Personal Transaction Accounts
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Have you emigrated?
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Let us help you transact
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What it costs
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Documents required
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Faqs
As a South African citizen or permanent resident who has formally emigrated (private individuals who have ceased to be residents for tax purposes), you can still enjoy local banking products:
- Transact with a non-resident bank account for your everyday needs
- Fund a property by getting a loan of up to 50% of the property value
- Invest and save through a range of savings and investment products
We will also help you transfer your assets abroad, provided you:
- have ceased to be a resident for tax purposes in South Africa;
- have obtained a Tax Compliance Status (TCS) PIN in respect of emigration from the South African Revenue Service (SARS); and
- are tax compliant upon verification of the Tax Compliance Status (TCS).
If you have formally emigrated and want to inquire about opening a non-resident account, please contact us at [email protected]
Here are some of the ways we can help you move your money across borders:
- Online Banking
Get a card and register for Online Banking to:- Make local payments to South African bank accounts
- View and download your bank statements
- International transfers
- Standing instructions are a way of making automatic payments through the bank for a fixed amount on regular intervals (annually, quarterly, monthly, or weekly upon request) by debiting your active account.
- Document required for international transfer (Standing Instruction (SI) form). Send your completed form to [email protected]
- Automated payments
- Make automatic payments for a fixed amount at regular intervals (annually, quarterly, monthly, or weekly upon request) by debiting your current or savings account
- Download, complete and send your Standing Instruction (SI) form to [email protected]
The bank fees you’ll pay depends on the type of account you choose and the type of transactions you make.
- Annual fee for safe custody and share-related transactions: R447
- Renewal fee: R1 050
- Outward International Payments (excluding travel-related transactions) sent to parties outside the Common Monetary Area ‒ foreign currency and Rand: 0.60%
- Standing Instructions: additional R75 to outward international fees
- Exemption from Reg 3(1)(f): R1 589
- Written/ Electronic (Exceptions) application: R1 589
- Application to remit funds in excess of R10 million: R1 589
To start banking as a non-resident, you’ll need certified copies of:
- Your valid passport
- Proof of address not older than 3 months
- 3 Months’ statements from your offshore bank account
- Proof of income
You’ll also need to complete, sign and send the following forms to [email protected]
- Non-resident account application
- Card application
- Card Indemnity
- Financial Advisory and Intermediary Services (FAIS)
- Terms and conditions for the Trade Customer Foreign Currency account
- MyMo, MyMo Plus and Puresave
- General terms and conditions
- Personal Information for additional signatory
- Product specific terms and conditions
- Terms and conditions for Personal Transaction Accounts