HOLD FUNDS IN FOREIGN CURRENCY

If you are not yet sure of where you wish to invest your funds, you can hold your available funds in a foreign currency account until you are ready. There are various options available to suit your needs.

SEND AND RECEIVE MONEY & GET REWARDED

Consumer and business customers earn up to 50% back in eBucks on their transaction charges when they send and receive money in a foreign currency via Online Banking.

AGREE TO STANDING INSTRUCTIONS & GET REWARDED

Consumer and business customers who receive money from abroad and agree to a standing instruction, where Forex converts the foreign currency into ZAR on their behalf, receive up to 50% back in eBucks on their transaction charges

Imports and exports

We offer import and export solutions to suit your cross-border transactional needs and help protect you from risks while expediting payments.

Open account payments
Ideal for longstanding trading relationships with parties you trust.

Advance payments
When exporting, advance payments are an inexpensive way to trade and it offers you the safety of receiving payment before dispatching the goods.

Trade-related payment methods
Documentary Credit (Letters of Credit), Foreign Bills for Collection and Guarantees.

Hedging instruments
Customer Foreign Currency Accounts (CFC) and Forward Exchange Contracts

Apply for new Letter of Credit applications as well as view or amend existing applications via Business Online Banking.

We offer guidance on selecting Incoterms® rules online. (Incoterms® rules are used to communicate tasks, costs and risks associated with the transportation and delivery of goods.)

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Foreign Exchange

Quick, easy, secure and innovative

Our Foreign Exchange Team understands that clients have unique foreign exchange requirements and therefore has a wide range of foreign exchange product options and services available to suit our clients' individual needs.

We offer end-to-end solutions that deliver value, convenience and ease of use to all our clients, from vacation and business travellers to importers and exporters.

Streamlining the process

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TRAVEL

Sound solutions for a
hassle-free journey

We offer the following travel solutions: foreign notes in all major currencies (other currencies on request), prepaid travel cards and remember you can pay in advance for reservations such as car hire, cruises and theatre tickets, etc. using Online Banking. We also offer omnibus facilities for business accounts.

If you have an offshore bank account, we can transfer your travel allowance directly offshore within 60 days of your travelling.

You can purchase foreign exchange up to 60 days prior to departure.

As an individual, over the age of 18, you are entitled to a travel allowance that forms part of the annual discretionary allowance and standard exchange control requirements are applicable.

SEND MONEY

Payment solutions without boundaries

We offer various payment solutions for sending money abroad including electronic payments via Online Banking, MoneyGram™ and PayPal™.

We will require all of the beneficiary's details and the reason for your payments. Depending on the reason for your transaction, you may need to supply supporting documentation.

RECEIVE MONEY

Receive and convert funds

We offer various payment solutions when receiving money abroad including electronic payments via Online Banking, MoneyGram™ and PayPal™.

You will have up to 30 days to convert your funds into rands (only foreign payments). Convert funds online or let us do it for you upon receipt.

You need to provide the sender with the SWIFT Code FIRNZAJJ.

Authorise Forex to convert funds on your behalf as soon as we received the funds so you never have to wait again. Funds can be deposited into your account immediately.

INVESTMENTS

Discover a world of investment solutions

GET ASSISTANCE

When investing abroad, we will assist you with all of the documentation that you require.

TAX CERTIFICATES REQUIRED

Tax certificates are required when using your foreign investment allowance.

FLEXIBLE INVESTMENT

Using your discretionary allowance allows you the flexibility of investing without a tax certificate.

HOLD FUNDS

You can hold your available funds in a foreign currency account until you are ready.

A safe, easy and fast way to send money home

MoneyGram™ is a money transfer service used to do cross-border, person-to-person payments. It's an affordable, reliable, fast and convenient way to send or receive money cross-border.

MoneyGram™ is available at all FNB branches, via FNB ATMs and on Cellphone Banking.

PAYPAL™

A safer and easier way to pay and get paid

RECEIVE, PAY & SEND

PayPal™ is a secure global online payment system that allows you to receive payments, pay for goods and send money in 21 currencies without revealing your financial information.

WITHDRAW FUNDS

Through Online Banking, you can withdraw the funds you have received into your PayPal™ account to any South African bank account.

TOP UP FUNDS

You can also top up funds to your PayPal™ account from your qualifying RMB Private Bank account to shop online or make payments, in less than 10 minutes.