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Financial planning

Overview


Best Foreign Exchange
Provider in South Africa


FNB has been awarded as the Best Foreign Exchange Provider in South Africa for the sixth year in a row in the annual World's Best Foreign Exchange Provider awards hosted by the Global Finance Magazine.

The winners were selected from 122 countries globally using a criteria which included, but not limited to, transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance magazine also considered input from industry analysts, corporate executives and technology specialists.

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South African Exchange Control Requirements


  • 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 discretionary allowance of up to R1 million per calendar year. This discretionary allowance can be utilised for any one or more of the following: Travel, gifts, study, donations, alimony, maintenance and investment.
  • 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 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.

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.

Qualifying criteria


  1. FNB Online Banking
  2. FNB qualifying account

Documents needed


  • Your passport
  • Proof of travel, e.g. air ticket

What you get


Make your travel experience much happier by taking some currency of the country you are visiting, so that you have cash readily available for the smaller items on your trip.

  • We offer all major currencies and other currencies can be ordered on request.
  • A selection of denominations suitable to your individual travel needs.
  • Readily available cash for the smaller items on your trip.
  • The most accepted form of payment anywhere you go.

Get your foreign notes delivered to you, when ordering online or via our telephone service 0860 1 FOREX (36739) - a delivery fee applies.

What you can do online


  • Order various currencies in cash and select the denominations you need
  • Order and load a new Multi-currency Cash Passport™ in any of the four major currencies available on the card; US dollars, Australian dollars, euros or dounds
  • Top up your funds by reloading your existing Multi-currency Cash Passport™ before you go and you can even do it while you are travelling
  • You can use the currency saved in your FNB Global Account and transfer the funds onto your Multi-currency Cash Passport™.

Quick and easy


  • Simply upload supporting documents with your application and you are ready to go.
  • Did you know we can deliver your forex to you? Simply select 'Delivery' when you order forex online (a delivery fee applies). If you prefer, you can collect from your nearest FNB branch.

Foreign notes


Cash in the currency
you need


It's always a good idea to have more
than one payment option in your pocket.
Make sure you have some cash on hand
for tips, taxis and a cappuccino or use
those notes to buy something special at the airport.

Global Finance World's Best FX Providers 2017 - 2023

What Order Forex offers


What you can do online

  • Order various currencies in cash and select the denominations you need
  • Order and load a new Multi-currency Cash Passport™ in any of the four major currencies available on the card; US dollars, Australian dollars, euros or pounds.

What you get


Convenient cash in any currency


Make your travel experience much more pleasant by taking some currency of the country you are visiting, so that you have cash readily available for the smaller items on your trip.

How it works


Get foreign notes

Getting it made easy


Qualifying criteria

Documents needed

 

FNB Online Banking