FNB offers a range of foreign exchange solutions to suit your individual and business needs; whether for travelling, sending or receiving money globally or managing imports and exports. Foreign Exchange is a simple and convenient way to transact around the world. We make use of the SWIFT method of transferring your funds which guarantees a secure and fast transfer service.
When receiving funds from abroad you will receive an inContact SMS and the transaction will be available on your profile via Online Banking or the FNB Banking App on your smartphone (for individuals). You have 30 days in which to convert the funds at your convenience.
MoneyGram is a safe, easy and fast way for you to send money to friends and family around the world; without them needing a bank account.
A Global Account is an account in foreign currency that lets you invest your foreign investment allowance, as determined by the South African Reserve Bank (SARB). You can open a Global Account instantly, for free via Online Banking and start transacting in a limited number of foreign currencies. To qualify, South African residents require a qualifying FNB cheque account, must be 18+ years old and have a valid SA ID number as well as a SARS income tax number.
Our Global Business Account (CFC account) is specifically designed for South African businesses which handle import and export transactions or are service providers receiving and making regular foreign currency payments. This account also offers hedging capabilities, which can help businesses manage currency risk.
At FNB we understand planning a trip abroad takes time and effort, therefore we have changed the way you order foreign exchange.
Whether you want foreign notes, a Multi-Currency Cash Passport™ (travel card) or both, you can now order it via Online Banking and get it delivered to your door.
You can also earn 50% back in eBucks on your transaction charges when you pay for travel arrangements such as accommodation, car hire or tours and other arrangements in advance via Online Banking or the FNB Banking App.
With the import and export solutions available from FNB, we help you unlock international markets, and not only cater for your specific needs, but also help protect you from the risks associated with global transacting.
We can provide you with quality assistance from an exchange control point of view to facilitate your cross-border transactions and make them as hassle-free as possible. Whether you have simple or complex transactions that need to be completed, we can help you with the expert advice and services that you require.
All you need to know about Foreign Exchange Rates and Pricing.