FX FOR PRIVATE INDIVIDUALS
for Private Individuals
All your offshore investments and other FX payments will be done fast, efficiently and seamlessly through our partner bank and unique online payment and trading platform. All payments and SWIFT messages will be facilitated through new settlement accounts (South African Rand and Foreign Currency) to be opened with our partner bank.
Other FX payments include emigration allowances in terms of the laid down limits for SA tax payers emigrating abroad and assistance with all your formalities regarding inheritances both into South Africa or out of South Africa.
Very Competitive Exchange Rates
Direct Access To
Our Dealing Room
No Need To Change Your Bank
*Free Use of our Online FX System
*Free SARB & Tax Clearance Applications
Competitive Exchange Rates
for Private Individuals
Private individuals are not always getting the service, advice and solutions from the banks and brokers to help them to be competitive. Traditionally banks will tier their pricing, products and service standard according to the standing and size of the clients. Private individuals often find themselves at the lower end of the importance and Foreign Exchange pricing scale.
Through our partner bank we can provide:
• Very competitive exchange rates
• Direct access to a dealing room
We will endeavour to establish a SPOT/FEC FX facility with our partner bank to enable
Private Individuals to effectively manage any FX exposures that they may have because of timing differences that may be experienced from time to time.
*For Illustration purposes only.
FX Risk Management
South African Reserve Bank Applications
The Currency and Exchanges Manual for Authorised Dealers (Authorised Dealer Manual) contains the permissions and conditions applicable to transactions in foreign exchange that may be undertaken by Authorised Dealers and/or on behalf of their clients in terms of Exchange Control Regulation.
In this regard we can facilitate any request for permission to receive or pay foreign exchange outside the laid down rules and regulations of the Financial Surveillance (Exchange Control) Division of the South African Reserve Bank.
Tax Clearance Certificates
We can facilitate the issuance of Tax Clearance certificates with regards to foreign investment allowances in excess of the laid down limits within 2-5 day.
We facilitate the entire financial emigration process on your behalf, including South African Reserve Bank and South African Revenue Services processes. Our foreign exchange rates and fees are highly competitive!