In accordance with compliance and as an authorised dealer, we provide you with This means that one of the teading were not able to perform as called for under the Letter of Credit. The onus is on the client to provide FNB with the correct information and by agreeing to the terms and conditions clients declare that the information they provide is true and accurate. The account number and branch code of the selected bank would need to be completed. The Homecoming Revolution is an independent non-profit organisation sponsored by First National Bank. What is a bank buying rate for TTs telegraphic ttading.




Please note on your third failed attempt your profile will be blocked. The Society for Worldwide Inter-bank Financial Telecommunication SWIFT is an electronic communication method used by banks all over the world to correspond with each other in a secure and standardised rnb. SWIFT transfers are secure, standardised, relatively inexpensive and extremely quick. If you are unsure of the SWIFT code, simply select Foreign Bank Search while capturing your Global Payment application.

When entering the SWIFT code, please make sure that all the letters are in uppercase. You will require one of the below before you can send funds. An IBAN International Bank Account Number. This is used in most European countries, the Middle East and Caribbean. It consists of up to 34 alphanumerical characters:. Account number and branch code. This is the beneficiary account number. The account number and branch code of the selected bank would need to be completed.

For USA remittances please ask the beneficiary for one of the below branch codes:. This is the beneficiary branch code that is required for all payments to the USA. If you still cannot find the specific branch or city required, affrica select the example that displays xxx in the last 3 characters of that SWIFT code and the payment will be sent to the beneficiary's bank. If an error message 'Invalid SWIFT code' appears; please check the amount of characters in the SWIFT code is 8 or alternatively If tradint SWIFT code is 8 characters, simply add xxx at the end of the code to ensure it meets the 11 character criteria.

A charge option lets you choose which party will be paying for the banking transaction charges on your Global Payment. If you require further information regarding required documents, regulation or banking details; simply contact the Forex Advisory Team on 1 FOREX or email The SWIFT code for FNB is FIRNZAJJ. Should a sort code be requested, your 6-digit sojth code can be used. If you will be receiving these funds on a regular basis, you can provide FNB with direct authorisation firex convert these funds on your behalf at a competitive rate immediately; this is known as a Standing Instruction.

In addition, you will earn eBucks back on the transaction forex trading south africa fnb ebucks for a standing instruction payment received in foreign currency. While in branch, you need to add recipients as beneficiaries once, which will ensure that the person you are sending money to receives it in cash. After that, it is very quick and simple to send and receive money. A MoneyGramTM reference number may only be used by the original sender or the intended receiver.

If a customer wants to cancel or amend a transaction, or if a recipient wants to collect funds, it is important to validate that the FNB customer submitting the reference number is the original sender or the intended beneficiary. Transfers in South Africa and within the CMA should be forex trading south africa fnb ebucks via a normal EFT from the sender's account.

Sending a portion of a salary cross-border BoP category is available to foreign nationals only. This is most often used by migrant workers who send a portion of their salary to family in their country of origin. Transactions done to Nigeria can be done via branch and ATM, but cellphone transactions cannot be done to Nigeria. When cancelling the transaction on the same day that it was processed, the system is able to automatically reverse the charges.

If not cancelled the same day, the transaction charges tradng not systematically reversed and client will be liable for these charges. Remember that even if the charges are reversed on a same day transaction, there will still be differences in the ebucis rates used buy rate and sell rate and the customer may be refunded less than the amount they were sending. Contact the FNB Ebycks Advisory on FOREX with any queries. The rorex required when transferring from your FNB Cheque Account to your FNB Global Account via FNB Online Banking are dependent on the type of allowance you wish to use:.

This includes the Investment Limit and the annual Discretionary Limit specified by SARB from time to time. If using the Annual Discretionary Allowance for investment purposes to fund your FNB Global Forx, please note the Discretionary Allowance also covers matters such as travel, gifts, etc. We may require your green bar coded ID document or Smart Card ID if we do not have the document on our records. This account provides the convenience of opening the account as well as viewing the account, balances and transaction history via FNB Online Banking.

Offshore beneficiaries can be created and paid via FNB Online Banking. Funding of the accounts, transfers between the accounts, and payments from the accounts can be done via FNB Online Banking. Foreign Investment Allowance R10m or Discretionary Allowance R1m for Investment Purposes. A PayPal account is not a bank account. It is a virtual wallet that can be used to securely and conveniently pay for goods and services online.

FNB's Top Up and Withdraw service with PayPal allows you to transfer funds between your PayPal account afria your qualifying FNB account similar to how you would make a payment to a beneficiary. Although your PayPal account is listed as an 'account' on your FNB Online Banking profile, you will not be able to view your PayPal account balance. To view your PayPal account balance, you will need to login to your PayPal account at www.

For more information on how to shop securely with PayPal, visit www. Unlike an FNB bank account, you do not earn interest on a PayPal account balance. If you would like to earn interest on your funds, rather transfer them out of your PayPal account into your qualifying FNB account. Remember that according to South African Reserve Bank exchange control regulations, all funds received into your PayPal account must be withdrawn within 30 days using the FNB Withdraw traing.

Then you're losing out, as FNB customers with qualifying accounts and access to Online Banking have exclusive access to Top up and withdraw with PayPal. FNB also offers a selection sbucks financial service products to suit your needs. All you need is a South African PayPal wallet, a qualifying FNB bank account and access to FNB Online Banking. FNB Top Up and Withdraw with PayPal is only available to personal and business users with qualifying FNB accounts and access to FNB Online Banking.

All FNB Top Up and Withdraw with PayPal transactions are subject to terms and conditions. PayPal offers the ability to send funds and make payments in many currencies. At this stage South African Rand ZAR is not a PayPal currency so as an interim solution the FNB 'Top Up' service with PayPal will only facilitate the conversion of the funds from South African rand into US dollars. The US dollars in your PayPal account can used to make purchases in any Xfrica currency, with PayPal merchants worldwide.

PayPal offers the ability to receive payments in many currencies. At this stage South African Rand ZAR is not a PayPal currency so as an interim solution the Forex trading south africa fnb ebucks 'Withdraw' service with PayPal will only facilitate the conversion of the funds from US dollars to South African Rand when withdrawing funds from your PayPal wallet. If you have non-US Dollars e.

Euro in your PayPal wallet, it will be converted into US Dollars when you withdraw to a qualifying FNB account. If you have multiple non-US Dollar currencies in your PayPal wallet, funds will be withdrawn and converted into US Dollars in order of the primary currency held. A Top Up can take between one traeing four days to reflect in your PayPal wallet. This excludes weekends and public holidays in South Africa and the United States of America.

A withdrawal can take between three and six days to reflect in your FNB account. Unfortunately the Top Up and Withdraw service with PayPal is only available on FNB Online Banking. The service is not available on FNB Cell Phone Afrlca or via the FNB PayPal Services Contact Centre. The service is not available to Online Banking EnterpriseTM users.

Your PayPal account balance and transaction history can be tracked by logging onto your PayPal account at In addition, FNB Online Banking will provide you with a history of all your Top Up and Withdraw transactions. Once you have completed a Top Up or Withdraw transaction, you will receive a unique reference number that can be used to monitor the progress of your transaction.

A progress update is provided on FNB Online Banking or you can call the FNB Top Up and Withdraw contact centre on PAYPAL and speak to a consultant. Please remember that if you have a PayPal specific transaction query, you will need to visit There is no daily limit on either Top Up or Withdraw transactions, however you annual Reserve Bank discretionary allowance applies. Yes, you can use your FNB credit card when shopping with a PayPal merchant.

All you need to do is link your credit card to your PayPal account and shop with the added benefit of not exposing your credit card details trzding you can earn eBucks if you are shopping with a FNB credit card. Alternatively, make a purchase with PayPal ebuks transferring funds firex up' into your PayPal account from a qualifying Sbucks account. Please note that you cannot use a credit card account for Top Up or Withdraw transactions. In order to comply with the SARB Rulings, each Afrifa travel request will need to be furnished with forez of travel e.

The proof of travel must indicate that the journey commences from South Africa. A South African resident over the age of 18 is entitled to a discretionary allowance of up to R1 million per calendar year 1 January - 31 December. This discretionary allowance can be utilised for any one or more of the following: Travel, gifts, study, donations, alimony, maintenance and investment.

Children under the age of 18 years qualify for a travel allowance of R per fnbb year. The costs of land arrangements hotels, cruises, tours, etc. Any unutilised portion of a travel allowance must be resold to an Authorised Dealer within 30 days of your return. You may however, reapply for the unused portion of your discretionary allowance at any time during the calendar year. In this instance, the format or size of the documents may not be suitable to be uploaded.

Simply email the documents with the application reference number to one of the following email addresses:. Any resident who has departed from South Africa to any country outside the Common Monetary Area, sluth no intention of taking up permanent residence in another country. An FNB consultant will take care of all forex trading south africa fnb ebucks relating to the banking needs. This ranges from opening resident accounts, cross border transactions as well as any exchange control compliance issues.

We can open accounts for you prior to forex trading south africa fnb ebucks return to South Africa. When applying for an FNB account, a Consultant will send you flrex application forms which you will need to complete and send back. As a South African who is temporarily abroad, you qualify for the following products:. An FNB Homecomer consultant will take care of all aspects relating to the banking needs of a Homecomer.

When applying for an FNB account, an FNB Homecomer Consultant will send you full application forms which you will need to complete and send back. The Homecoming Revolution is an independent non-profit organisation sponsored by First National Bank. It encourages and helps South Africans around the world to return home. Read more about the Homecoming Revolution on their helpful website. A Foreign National is a natural person who soith a temporary resident in South Africa or the Common Monetary Area with a work or study permit, it excludes those purely on holiday and on fng visits.

The norm applied by Exchange Control is that contract workers should, while they are in South Africa, be treated like residents for banking purposes. That means, for example, that a Foreign National can keep bank accounts or obtain funds from financial institutions for the purchase of a house in the same way as a resident. When a Foreign National takes up temporary residence in South Africa, you will be required to declare to your bankers whether you are in possession of any foreign assets and if so, provide an undertaking to the effect that you will not place such assets at the disposal of a third party normally resident in South Africa.

You will also need to declare that you have not applied for similar facilities through another bank. You will also be required to provide the bank with an original and valid South African temporary residence permit issued by the Department of Home Affairs. As a Foreign National you are entitled to deal with your foreign assets in any manner and transfer abroad accumulated funds during your stay in South Africa.

A natural person who has changed residency from a country outside South Africa or the Common Monetary Area and has taken up permanent residency in South Africa or the Common Monetary Area. Once you are a permanent resident cnb South Africa or the Common Monetary Area you will be entitled to resident banking products. If you are interested in Foreign Banking and the ins fnn outs of South African regulations and rules, that pertain to this sector including tax lawsor seek more information on returning to South Africa after having left our shores, have a look at the following websites:.

These helpful guidelines will assist you in understanding the South African Reserve Bank SARB Exchange Control Rules and Regulations to move money in and out of the country. How to take money in and out. Non-residents and emigrants only:. Non-resident accounts may only be funded from options success trading halts following:.

To formalise emigration you will be required to complete form M. You will be interviewed by one of our consultants who will help you with the completion of the form and inform you of any required documentation. Please bring the following with you:. Any liabilities borrowings need to be expunged paid off before you leave South Africa. Prior to departure all issue access mechanisms must be cancelled and destroyed, such as:.

Please update any contact details abroad if available with your FNB branch, such as:. Within South Africa there are certain limitations on the amount of foreign exchange allowed to be taken out of the country for vacation or business purposes. These limits, also called the Exchange Control Rules and Regulations are stipulated and managed by the South African Reserve Bank. Have alook at the following link Afrida and emigrants only:. Non-Resident accounts may only be funded from the following:.

Important information and websites to support you when visiting South Africa, emigrating, returning home or whilst in South Africa on a temporary basis. If you don't use the IBAN when it is afroca on the invoice or banking details I have for the beneficiary, your transfer could be delayed or refused - and you might have to pay an extra fee.

A CCN is an 8 digit Customs Client Number. Clients need to apply for CCN from Customs. With older CCNs; the number might only be 5 digits in length. When this occurs, simply add zeros at the beginning of the number to make up the 8 digits required. If the beneficiary is not comfortable with the perceived risk associated with the issuing bank or nfb country in which the issuing bank is situated - they may ask for the Letter of Credit forex trading south africa fnb ebucks be confirmed by the advising bank, in their country or another bank who has the required risk appetite.

There is a confirmation fee that is charged for this. Confirmation will, however, fall away if the Letter of Credit is discrepant. A discrepancy can take the form of a document not being timeously presented or if any term or condition of a Letter of Credit cannot be met. This means that one of the parties were not able to perform as called for under fnv Letter of Credit. This results in the guarantee of payment falling away.

The discrepancy must be accepted before the documents can be negotiated. Banks cannot guarantee the quality or quantity of goods. Banks deal in documents only, so, if the documents presented are in order, payment will take place. An MRN is the movement reference number issued by Customs once goods have been cleared. This number is provided by Customs a division of Yrading and is a required field for all payments for imports into South Africa. UCR stands for Unique Consignment Reference Number which is required by the South African exporter.

This number will identify the export transaction and must be used on all export documents that are presented to customs in order to be able to clear the goods out of South Africa. The exporter will also need to provide this number to FNB on receipt of the proceeds. This will ensure that the proceeds are correctly linked to the actual goods that where exported. The word SARB afroca to the South African Reserve Bank which is the central bank of the Republic of South Africa. The primary purpose of the Bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth in South Africa.

FNB as an Authorised Dealer is governed by SARB. In accordance with our mandate as an Authorised Dealer, FNB is required to provide true and accurate information when processing cross-border transactions. The onus is on the client to provide FNB with the correct information and by agreeing to the terms and conditions clients declare that the information they provide is true and accurate. BoP category codes are codes that categorise the type or purpose of the transaction.

Categorising cross border transactions is a requirement of the International Monetary Fund IMF as well as the South African Reserve Ebicks SARB. As an Authorised Dealer in foreign exchange, FirstRand Bank including its divisions are required to report cross-border transactions to the South African Reserve Bank. This system of reporting is called Balance of Payments Reporting, or BoP Reporting for short.

From August SARB implemented changes to the cross-border reporting system to stay in line with international standards. This is called BoPCUS 3. The Common Monetary Areas countries include South Africa, Namibia, Swaziland and Lesotho which have their own currencies, but accept South African Rands. There is no limit to the amount of Rands you can take whilst travelling amongst the CMA countries.

Balance of payment data is most important for national soith international policy formulation. SARB uses the information to understand the factors that influence the balance of payments of South Africa. In addition, FNB requires it to be in compliance with the International Monetary Fund IMF standards and to comply with the local FICA requirements. The data submitted is intended to satisfy regulatory SARB, SARS and FICA requirements.

Data will not be divulged to other third parties, unless the information is requested through due legal process. This will only need to be completed if you had to apply to the South African Reserve Bank for permission. The format is as follows: CCYY beucks digits. Add zeros in front of the number to make up the 10 digits. To find out if your payment will require a SARB number, contact our Forex Advisory Team on 1 FOREX A Tax Clearance Certificate is a document issued by SARS certifying that you are tax compliant and that your tax affairs are in order.

South African residents wishing to emigrate from South Africa must provide a valid tax clearance for emigration and complete a form MP b declaring all assets. Tradinb will then submit this to the Forex trading south africa fnb ebucks on your behalf and accord all approved allowances in respect of emigration. This transaction can be quite forex trading south africa fnb ebucks, so give us a call on 1FOREX for advice fotex assistance.

South African residents are allowed to invest in offshore property up to the value of R10million. We can facilitate the transferring of these funds abroad. Should you wish to purchase property in excess of R10million, we can assist you with an application to the South African Forex trading south africa fnb ebucks Bank.

This is the rate at which customers can buy foreign currency from the bank. This rate will vary depending whether the customer is making foreign currency payments, purchasing foreign currency travel products or utilising other types of foreign exchange products. This is the rate at which the bank will buy foreign notes from customers who wish to sell their unused foreign notes back to the bank on return from an overseas trip, excluding CMA countries. To adhere to the SARB exchange control regulations, this needs to be done within 30 days of the customers return.

This rate would also be used to buy foreign notes from non-FNB customers. This is the hrading at which the bank will buy foreign currency from a yrading who receives funds from overseas via the SWIFT network and wishes to deposit the funds in either a local rand account or a currency account of a different currency to that received. This rate is an indication of the rate the customer can expect to receive but may vary to the rate at the actual time of getting a quote due to changes in the market rates.

The bank is not obligated to give the customer the indicitive rate when the customers transacts. A spot transaction is ebuckx exchange of one currency for another at a specific rate, settlement of which takes place 2 business days later. Frequently asked questions and answers to all your forex transactions. FNB makes use of the SWIFT method of transferring your funds which guarantees a secure and standardised transfer service.

Expecting funds from abroad? Convert funds from abroad at your convenience within 30 days of receipt. A Global Account is an account in a foreign currency that lets you invest your foreign investment allowance, as determined by the South African Reserve Bank. You can open an FNB Global Account instantly, for free online and start transacting. FNB Forex offers a wide range of foreign notes at competitive prices, as well as Multi-currency Cash Passports prepaid travel cards in selected currencies.

Information and answers to questions pertaining to emigrants, immigrants, homecomers, and foreign nationals temporarily living in South Africa on how to manage their affairs within the country. FNB can assist you in structuring payment solutions for imports and exports that can protect you from a number of risks. All you need to know about the South African Reserve Bank's exchange controls. We use cookies to provide you with the best possible online experience. Clearing cookies may limit your banking functionality.

Read our cookie policy. Private Clients - Earn between R - R1 per year. Private Wealth - Earn above R1. Day to day banking. Indicators and Share Price. Product Terms and Conditions. Promotions Terms and Conditions. Upload Documents - For Me. Upload Documents - For My Business. Verify Letter of undertaking. Find out more about careers at FNB. Your access details have been entered incorrectly. Have you forgotten your Username or Password?. Reset your Username or Password. What is a SWIFT?. What bank details do I need from the recipient before I can send the funds to them?.

How do I find the branch or city required?. What is a 'charge option' and what options do I have?. How long does it take for my payment to go through?. How can I ensure the funds reach the beneficiary within a sufficient time period?. What is FNB's SWIFT code for inward payments and do we use a sort code?. I would like to earn eBucks on funds coming into my account from abroad; but I forexx know what details to give the sender of the funds.

What can FNB offer me if I have recurring payments coming into my account from abroad?. May an FNB customer use another customer's reference number?. How does the refund to a customer work in the case of a cancellation?. What documents do I require when tranferring funds from my cheque account to a Global Account?. How does this online Global Account differ to afdica 'old' Foreign Currency Accounts?.

For payments into the account, from abroad, what details must I give the payer or paying bank?. Where is the funding tab on FNB Online Banking?. What funds may go into the account?. What if I don't bank with FNB?. Can my business use this facility?. Why can I only top up in US dollars?. Why can I only withdraw in rands?. For a withdraw forex trading south africa fnb ebucks, how quickly will funds reflect in my qualifying FNB account?.

What if I don't have access to FNB Online Banking?. How do I track my transactions?. What is the daily limit on top up or withdraw?. What documents do I require when fhb foreign currency for my trip abroad?. When can I purchase my foreign currency for my trip abroad?. How much foreign currency can I purchase for my trip?. What can I do if I have foreign currency left over when I return from my trip abroad?. I have captured my forex application but my document does not ebucis to upload.

What do I do?. As a South African temporarily living abroad what do I need to know to open an account before I return to South Africa?. As a homecomer what do I need to open an account on my return to South Africa?. As a foreign national temporarily living in South Africa what do I need to know if I want to open a bank account or obtain funds?. As an immigrant and permanent resident of South Africa am I entitled to resident banking products?. Where can I get information and websites to support me when visiting South Africa, emigrating, returning home or while in South Africa on a temporary basis?.

What do I need to know if I want to take money into or out of the country?. What do I need to know if I am planning to emigrate?. South African temporarily abroad. Moving money in and out. What happens if I don't use the IBAN or banking details I have for the beneficiary?. What is a CCN?. What is a Letter of Credit?. What does confirmation mean?. What is a discrepancy?. How can I guarantee that the goods received are in accordance with the goods I have ordered?.

What does the MRN refer to when I am making an import payment?. What documents do I need to submit to the bank once my imported goods have arrived in South Africa?. What is a UCR?. Who is SARB and why do they need to know all my transaction details?. Who is responsible for providing the information required by the SARB?. What are balance of payment BoP category codes?. What is BoPCUS 3?. Which countries are included in the CMA Common Monetary Area?.

Why is it mandatory to provide the required information when making a payment abroad or receiving funds from abroad?. What about my privacy as a client when FNB requires transaction details?. What is a SARB Auth Reference Number and SARB Application Number?. What is a Tax Clearance Certificate?. I want to emigrate from South Africa. How do I inform the bank?. I would like to buy a property overseas. What is a bank selling rate?.

What is a bank buying rate for notes?. What is a bank buying rate for TTs telegraphic transfers?. What does the indicational rate mean when I get a quote?. What does the term 'spot rate' mean when I am getting a quote from the dealer?. Back to top First National Bank - a division of FirstRand Bank Limited. Bank Name: JP Morgan Chase Bank - New York. Bank Name: Lloyds TSB Bank PLC - London. Bank Name: Australia and New Zealand Banking Group Ltd - Melbourne. Bank Name: Deutsche Bank Ag forex trading south africa fnb ebucks Frankfurt.

Bank Name: Union Bank of Switzerland - Zurich.




FNB’s Jacques Celliers on banking fraud and eBucks