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Insights


Africa's first hosting of the largest telecomms conference in the world was an important opportunity for the industry to showcase South Africa to the 91 attending countries.



 

The views of Table Mountain from the top floor of our Portside building in Cape Town are outstanding. Even more so when the British Prime Minister stood in front of them recently to open the SA-UK business forum



 

Expanding your horizons
in a shrinking world


The world is shrinking exponentially. What once covered 510 million km2 now comfortably fits on a smart watch screen of a few hundred pixels. There is no doubt that technology has brought the world to our fingertips. And has exponentially increased the way we engage with it. We have all become global citizens.



 

You use the information contained on this page (the "Information") at your own risk. First National Bank, a division of FirstRand Bank Limited ("the Bank"), provides no warranties or guarantees, whether express, implied or otherwise, in respect of the Information, its accuracy and/or reliability. Without limitation, the Bank does not warrant that the Information will ensure your compliance with accounting, auditory, financial, legal, business and/or tax requirements or will improve your business' performance. The Information does not constitute advice and should not be used as a substitute for obtaining professional or other advice where necessary. Neither the Bank nor its holding company, subsidiaries or other group companies will be liable to you for any claims, demands, expenses, costs, losses or damages, of whatsoever nature, suffered or incurred by you in respect of your use of the Information.

The Bank is the owner of the copyright in all content on this page. You may not publish, modify or adapt this content in any medium or format without the prior written consent of the Bank.

Expanding your horizons in a shrinking world


The world is shrinking exponentially. What once covered 510 million km2 now comfortably fits on a smart watch screen of a few hundred pixels. There is no doubt that technology has brought the world to our fingertips. And has exponentially increased the way we engage with it. We have all become global citizens.

At FNB, we understand that as a global citizen, you live your life at a fast pace, constantly keeping up with a rapidly changing world. Which means you need the tools and capabilities to help you do just that - simply, easily and conveniently - in ways that save you time, money, energy and effort. Our foreign exchange capabilities are built with this in mind.

Your lifestyle as a global citizen is more than jet-setting around the world. Although, we'll help you take care of all of that too, you may want to send money to a friend or family member abroad, or to an international philanthropic endeavour close to your heart. You may have come across the perfect art piece in New York, a rare collection of gold coins from Peru, or a delectable Burgundy from Burgundy that you just have to have by the caseload.

Perhaps a relative in the UK has left you an inheritance, or you'd like to receive payment for a personal asset you've sold to a foreign investor.

At FNB, we also understand that being a global citizen often means living a nomadic lifestyle, which means you may be emigrating and therefore need to take funds offshore and open a blocked account for your retirement annuity. You may be a South African temporarily working abroad, or you could be a foreign national that has recently moved to South Africa that needs a foreign currency account in order to purchase a home, car or other assets locally.

You could be a freelancer working from South Africa for clients scattered around the globe and don't want to wait on complex and lengthy processes to receive your money.

Whichever circumstances are yours, we'll help facilitate the entire process, managing exchange control requirements, liaising with SARS free of charge where necessary, and ensuring the secure transfer of funds to or from any bank in the world. With competitive exchange rates agreed instantly and personalised pricing, all through the convenience of online banking, the FNB App or simply a call.

We know that living in a global world, you may want the ability to diversify your banking and investment portfolios. Our global and offshore accounts enable you to hedge against the unpredictability of the Rand and exchange rate fluctuations, while allowing you to save and transact in foreign currencies. You can take advantage of when exchange rates are good, transferring funds to your global accounts, link your Multi-Currency Cash Passport travel card to your global accounts and you're guaranteed that rate when using your Cash Passport when travelling abroad.

Our foreign exchange capabilities harness the latest in technology to provide you with world-class product capability, immediate accessibility and value for money. Our travel solutions, global payment and receipt solutions, global investment options and offshore accounts are designed to help you live a life without borders and broaden your horizons.

So whatever your foreign exchange requirements, we're here to help. Call 0860 1 FOREX (36739) or visit www.fnb.co.za/forex.