Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

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Currencies available in the Foreign Currency Account


AUD Australian dollar

BWP Botswana pula

USD United States dollar

CAD Canadian dollar

CHF Swiss franc

CNY Chinese yuan

DKK Danish kroner

EUR Euro

GBP British pound

HKD Hong Kong dollar

INR Indian rupee

JPY Japanese yen

NOK Norwegian kroner

NZD New Zealand dollar

SEK Swedish kroner

SGD Singapore dollar

TZS Tanzanian schilling

Documents needed for new clients


  • You need to comply with the Traditional Home Loan application documentation.
  • A completed application form.
  • An indication of the purpose for purchase (e.g. rental or holiday home).
  • Copy of passport.
  • Private entities must supply a current statement of assets and liabilities, as well as a banker's report from the customer's bank in their country of origin.

Foreign nationals


A valid Temporary Residence permit to take up employment in South Africa.

Non-residents


  • The details of when and how the 50% deposit originating from foreign funds will be made.
  • An undertaking to pay the R1 140 exchange control application fee.

Foreign Currency Account


Funds in various currencies

A foreign currency account is an account which allows you to hold various currencies other than rand

What you get


No need to convert

A Foreign Currency Account (FCA) allows non-resident individuals and foreign nationals to hold funds that originate from abroad and that are freely transferable. These funds can therefore be kept in currency and withdrawn at the client's convenience.

A range of currencies are available in the Foreign Currency Account.

Note

  • No credit facilities will be available on the Foreign Currency Account.
  • No cards will be issued on FCAs.
 

Getting it made easy


Foreign Currency Account

Ways to apply

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Other ways to apply

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Documents needed

Non-resident individuals

  • Foreign passport
  • Non-resident declaration

Foreign nationals

  • Foreign passport and permit
  • Foreign National Declaration
  • Proof of where funds originated