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< R10m annual turnover

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Financial planning

Overview

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What is a SWIFT code?


The Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) is an electronic communication method used by banks all over the world to correspond with each other in a secure and standardised way. SWIFT transfers are secure, standardised, relatively inexpensive and extremely quick.

If you are unsure of the SWIFT code, simply select Foreign Bank Search while capturing your Global Payment application.

FNB's SWIFT code is FIRNZAJJ

When entering the SWIFT code, please make sure that all the letters are in uppercase.

South African Exchange Control Requirements


All foreign exchange transactions in South Africa are subject to exchange control regulations, governed by the South African Reserve Bank. In accordance with compliance and as an authorised dealer, we provide you with the rules applicable to South African residents travelling abroad . Full details can be found on the South African Reserve Bank's website.

Rules for South African residents travelling abroad


  • Foreign currency for travel purposes may not be bought more than 60 days prior to the departure of the traveller.
  • Travel allowance covers a calendar year (1 January - 31 December)
  • Any unutilised portion of a travel allowance must be resold to an authorised dealer within 30 days of your return. You may however, reapply for the unused portion of your discretionary allowance at any time during the calendar year.
  • A South African resident over the age of 18 is entitled to a single discretionary allowance of up to R1 million per calendar year. The single discretionary allowance may be used for any legal purpose abroad (including for investment purposes). This dispensation may be utilised solely at the discretion of the resident without any documentary evidence having to be produced to the authorised dealer except for travel purposes outside the Common Monetary Area where a passenger ticket needs to be produced.
  • Children under the age of 18 years qualify for a travel allowance of R200 000 per calendar year. For travel purposes, a valid travel document must be presented, indicating that the journey commences from South Africa. Allowance may not be issued more than 60 days prior to departure.
  • The costs of land arrangements (hotels, cruises, tours, etc.) are deductible from a travel allowance, except the payment of airfares in rands.
  • In addition, each traveller may take R25 000 in South African Reserve Bank bank notes when visiting abroad.
  • Where the insurance value of your personal belongings not for sale, exceeds R50 000, you will need a NEP form attested by a bank or by Customs and Excise. Please enquire at your nearest FNB branch should you need this form.

Currently in South Africa:


  • Recent certified* payslip or proof of income
  • Certified* copy of passport and if currently in South Africa we would require a certified* copy of the visa, entry stamp or letter of introduction
  • Three months latest bank statements from your bank abroad.
  • Proof of physical address aboard, not older than 3 months

*Certified copies will be accepted if certified by any of the following Officials: Notary Public, Justice of the Peace, Solicitor, Bank Official, any person authorised to perform Commissioner of Oath duties.

Currently not in South Africa


  • Recent certified* payslip or proof of income
  • Certified* copy of passport
  • Three months latest bank statements from your bank abroad.
  • Proof of physical address aboard, not older than 3 months

*Certified copies will be accepted if certified by any of the following Officials: Notary Public, Justice of the Peace, Solicitor, Bank Official, any person authorised to perform Commissioner of Oath duties.

Non-resident Current Account


Bank without borders

What you get


Transact like a local

  • Use your account and debit card when you visit South Africa for local expenses and transactions
  • Set up scheduled payments and debit orders for regular payments
  • Online Banking for local transfers
  • Request global payments for international transfers
 

Getting it made easy


Non-resident Current Account

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