Did you know:
- Non-resident means a person whose normal place of residence or domicile is outside of the CMA (Common Monetary Area).
- The Common Monetary Area consisits of Lesotho, Namibia, South Africa and Swaziland.
- If you have a valid work, study, retirement or spousal permit, you may qualify for a Temporary Resident Account. Visit one of our branches to apply.
Why open an account in SA?
- A secure place for your money and banking that can serve your needs wherever you are in the world
- A full range of services and facilities that you would expect from a major international bank
- Peace of mind that your account is in a well-run, stable banking environment
- Diversification of your banking portfolio.
You will need the following:
- A fully completed Letter of Authority in respect of Bank containing the details of your existing bankers whom we may contact to verify your identity
- Certified copy of your passport
- A utility bill showing your name and current residential address
- All relevant application forms.
Once you have filled out all the documentation and submitted it to us, we will review your application and, if successful, open your account.
Tips for travelling safely in South Africa:
- There are limits on the amount of currency you can bring into South Africa.
- Don’t change or withdraw large sums of money in busy public areas, including foreign exchange facilities or ATMs.
- Be aware of ATM theft — never be distracted by a stranger asking for assistance at an ATM.
- Don’t give personal or financial account information details to anyone.
- Protect any documents containing details of credit cards or bank accounts.
- Always carry your identity documentation or a copy of your passport.
- Keep photocopies of your credit and debit cards in a safe place.
- Avoid wearing flashy, expensive watches and jewellery and carrying large amounts of cash in public areas.
- Always travel with a cell phone. The emergency number to call for the police is 10111.
What you need to know:
As a non-resident visiting South Africa, your account will have certain restrictions. All deposits made into your account, from local sources, will only be made available once you have provided supporting documentation validating the source of funds and exchange control requirements.