South Africa
Personal
Business
Wealth
Bank in SA from wherever you live
PER_Non_Residents_HeroBanner V2

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

As a non-resident, you can easily apply for a transactional account, savings and investment account, or a loan

Online banking

Manage your assets and financial interest in South Africa online, wherever you are in the world

Low cost

Pay no VAT on banking fees as long as you’re living and transacting outside of South Africa

Convenience

Switch your account to a local financial solution at your nearest branch when you visit South Africa
Have you emigrated?

South Africans may only open a Non-Resident bank account once they’ve formally emigrated.

The concept of emigration as recognised by the Financial Surveillance Department has now been phased out with effect from 2021-03-01.

Private individuals who have ceased to be residents for Tax purposes (formerly regarded as emigrants) are required to declare with the South African Revenue services their non tax resident status.

The Non-Resident Centre will assist with the transfer of assets abroad, provided a private individual:

  • has ceased to be a resident for tax purposes in South Africa;
  • has obtained a TCS in respect of “emigration” from SARS; and
  • is tax compliant upon verification of the TCS.

If you have formally emigrated and wish to inquire about opening a Non-Resident account, please do not hesitate to contact us on the following email address [email protected]

Let us help you transact

Standard Bank’s Non-Resident Centre prides itself with creating a personalised relationship banking experience with all its clients.

Here are some of the ways we can help you move your money across borders:

  1. Internet Banking
    Get a card and register for Internet Banking to:
    • Make local payments to South African banks
    • View and download your statement
       
  2.  International Transfers
    • We help you facilitate your international payments by ensuring that your funds are secured and routed correctly in line with international SWIFT and Exchange Control regulations.
    • We provide all documents required for international transfers (Balance of Payment (BOP) form). Send your completed BOP form to [email protected]
       
  3. Standing Instructions
    • 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 operative account
    • Document Required for international transfer  (Standing Instruction (SI) form). Send your completed form to [email protected]
What it costs

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
  • Renewals 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): R1589
  • Written/ Electronic (Exceptions) application: R1589
  • Application to remit funds in Excess of R10 million: R1589

See 2024 pricing guide

Documents required
Faqs

To learn more view our Frequently Asked Questions

  • Have you emigrated?
  • Let us help you transact
  • What it costs
  • Documents required
  • Faqs

South Africans may only open a Non-Resident bank account once they’ve formally emigrated.

The concept of emigration as recognised by the Financial Surveillance Department has now been phased out with effect from 2021-03-01.

Private individuals who have ceased to be residents for Tax purposes (formerly regarded as emigrants) are required to declare with the South African Revenue services their non tax resident status.

The Non-Resident Centre will assist with the transfer of assets abroad, provided a private individual:

  • has ceased to be a resident for tax purposes in South Africa;
  • has obtained a TCS in respect of “emigration” from SARS; and
  • is tax compliant upon verification of the TCS.

If you have formally emigrated and wish to inquire about opening a Non-Resident account, please do not hesitate to contact us on the following email address [email protected]

Standard Bank’s Non-Resident Centre prides itself with creating a personalised relationship banking experience with all its clients.

Here are some of the ways we can help you move your money across borders:

  1. Internet Banking
    Get a card and register for Internet Banking to:
    • Make local payments to South African banks
    • View and download your statement
       
  2.  International Transfers
    • We help you facilitate your international payments by ensuring that your funds are secured and routed correctly in line with international SWIFT and Exchange Control regulations.
    • We provide all documents required for international transfers (Balance of Payment (BOP) form). Send your completed BOP form to [email protected]
       
  3. Standing Instructions
    • 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 operative account
    • Document Required for international transfer  (Standing Instruction (SI) form). Send your completed 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
  • Renewals 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): R1589
  • Written/ Electronic (Exceptions) application: R1589
  • Application to remit funds in Excess of R10 million: R1589

See 2024 pricing guide

To learn more view our Frequently Asked Questions

We also offer
Flexible funeral plan product detail
Flexible Funeral Plan

Get affordable flexible funeral cover that meets your needs and fits your lifestyle and pocket.

  • Decide who you want to cover and for how much
  • Choose your level of benefits
  • Cover for yourself, your spouse, children, parents and extended family members

PB S&I Landing Content Tile V2
Savings and investment accounts

Grow your money the way you choose to, with the help of high interest-earning accounts designed to meet a variety of personal needs, preferences and goals.

International payments Product Details
International Payments

Grow your business into what you aspire it to be while we take care of your cross-border transactions.