Manage

How to open and fund
a Global Account

How do I open a Global Account online?

Log in to your Online Banking profile
Select 'My Accounts'
Scroll down to the 'Global Account' section
Click on the icon on the left of 'Add global account'
Select 'Global Account'
Select the required currency
Accept terms and conditions
New account opened and account details emailed to you

How do I transfer funds from my RMB Private Bank Current Account into my Global Account?

Have your personal income tax number with you

Log in to your Online Banking profile
Select the 'Transfer' tab
Select the Global Transfer icon
Complete the details and select the following as the 'Reason for
Transaction': 512-04: Deposit into a foreign currency account

Important note

If you transfer less than R1million and you are within your single discretionary allowance, leave the following fields blank

Tax Clearance Certificate Reference
SARB Authorisation Application Number
SARB Authorisation Reference Number

Global Debit Card
ordering process

Log in to your 'Online Banking Profile'
Select 'My Bank Accounts'
Select 'My Cards'
Select the 'My Cards Menu' on the left of the screen
Select 'Cheque Card'
Select applicable 'Global Account'
Select 'Card Type'
Choose 'Delivery Method'

Find out more
about LoungeKey

Go to the LoungeKey site, loungekey.com/sasignature to:

locate airport lounges and view their rules
register your card in order to track your available lounge visits and view your visit history
view LoungeKey terms and conditions

Documents needed

Single Discretionary Allowance

Single Discretionary Allowance allowing you to convert up to R1 million to foreign currency abroad per calendar year:

No documentation is required however a tax number is required when transferring funds to your Global Account from your cheque account.

Foreign Investment Allowance allowing you to invest up to R10 million abroad per calendar year:

A valid SARS Tax Certificate for Foreign Investment (referred to as FIA-001) will be required when making use of this allowance.

Use of this account and documents required are in line with the South African Reserve Bank (SARB) requirements. For more information refer to SARB's website or contact a Foreign Exchange Specialist.

All account holders must be over the age of 18 years.

S.A Resident Global Account

A South African resident or naturalized Foreign National with a valid South African identification (ID) number
A valid tax number
A holder of a qualifying RMB Private Bank Current Account or have a qualifying transactional product

Foreign National

Global Account Application Form
Work Contract
Foreign National Declaration
Passport
Work Permit

Non-Resident

Global Account Application Form
Passport
Work Contract
Work Permit

INTEREST RATES

Interest rates per annum

Published at 2023-07-27

CURRENCY BALANCE TIERS*		US Dollar	British Pound	Australian Dollar	Euro	Indian Rupee	Chinese Renminbi	Canadian Dollar	Swiss Franc	Arab Emirates Dirham
0	- 5,000	1.00%	0.65%	0.60%	0.60%	3.00%	0.00%	0.00%	0.00%	0.00%
5,001	- 10,000	1.20%	0.70%	0.65%	0.65%	3.00%	0.00%	0.00%	0.00%	0.00%
10,001	- 25,000	1.50%	0.75%	0.85%	0.70%	3.00%	0.00%	0.00%	0.00%	0.00%
25,001	- 50,000	1.60%	0.80%	0.85%	0.90%	3.00%	0.00%	0.00%	0.00%	0.00%
50,001	- 100,000	1.80%	0.90%	0.85%	1.00%	3.00%	0.00%	0.00%	0.00%	0.00%
100,001	- 250,000	2.00%	1.20%	0.95%	1.20%	3.50%	0.00%	0.00%	0.00%	0.00%
250,001	- Greater	2.90%	1.35%	1.05%	1.20%	3.60%	0.00%	0.00%	0.00%	0.00%
* Interest rates are calculated per annum and are subject to change without prior notification.

GET STARTED

Terms, conditions and rules apply

>Terms and conditions

>Pricing guide

>Forex fact sheet

Apply Now!

Global Account

Save + transact in foreign currency

With the Global Account you can start saving and transacting in nine foreign currencies without having to leave South Africa. You can open and manage your Global Accounts online with the same ease as an RMB Private Bank Current Account. It's a safe and secure way of saving in a foreign currency.

The Global Account now offers a linked Global Debit Card which gives you access to your US Dollar, Euro and British Pound savings. The card is also the perfect travel companion as it gives you access to over 1300 airport lounges all around the world through Lounge Key.

Apply Now!

Discover more

What you get

Open & manage
your currency account online

The Global Account offers you the means to save and transact in foreign currency; whether you are saving for offshore travel, require quick access to manage currency risk or are receiving and making international payments.

Open a Global Account via your Online Banking profile in less than three minutes and then simply fund via Online Banking.
No minimum balance required
No monthly account fees
Transfers between your transactional account and Global Account are free.
Earnings from abroad can be paid directly into your Global Account when working abroad, in line with the South African Reserve Bank (SARB) requirements.
Make payments abroad and transfers between your accounts via Online Banking, in line with the South African Reserve Bank (SARB) requirements.

Move up a rewards level by collecting points for funding and maintaining the required minimum balance in your Global Account.
Order USD, GBP and/or EUR Debit Cards to spend directly from your Global Account when you travel abroad.
You can also order Cash Passports for your partner and children, which can be funded from your Global Account.

Added value

Simplify your international
travel experience with a
Global Debit Card

Access foreign currency savings via the Global Debit Card when travelling internationally.
Use the Global Debit Card to pay for international purchases and to make foreign currency cash withdrawals at ATMs abroad.

Travel comfortably and in style with the Global Debit Card with access to over 1300 international airport lounges outside South Africa.
Global Account debit cardholders are entitled to 10 free LoungeKey lounge visits, customers may bring 1 guest per visit (deductible from, and dependent on, their available free lounge visits). The Global Debit card is required to be registered on the LoungeKey App
All additional visits will be charged directly to the card. For more pricing information, please visit www.loungekey.com/sasignature

How it works

Manage your Global Account

You have the option to invest funds abroad making use of the R1 million single discretionary allowance, or the foreign investment allowance for investments of up to R10 million; and you can order a USD, GBP or EUR debit card on your Global Account by using Online Banking.

Global Debit Card
ordering process

View steps