Travelling to South Africa for holiday or working purposes? We can assist you with everything from international money transfers to setting up accounts and investments.

Banking for non-residents

We can assist you with a full range of services and facilities – from international money transfers to setting up accounts and investments.

Easy to apply

Find out how you can apply for a bank account in South Africa or switch your accounts to Absa.

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What you need to know when you are in SA

As a non-resident either visiting or living in South Africa we have some tips for you to keep your money safe.

Foreign exchange regulations

Find out more about how foreign exchange regulations apply to you when you are in SA.

  • Non-resident banking in South Africa

    What you need to know:

    We understand that, as a non-resident either visiting or living in South Africa, it can be difficult to navigate unfamiliar processes in a foreign country. We are dedicated to helping you in any way we can - from international money transfers to setting up transactional accounts and investments.

  • Benefits of non-resident banking

    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
  • What do you need to apply

    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.

  • What you need to know when in South Africa

    Tips for travelling safely in South Africa:
    • There are limits on the amount of currency you can bring into South Africa. For cash in South African rand (ZAR), the limit is R25,000. You should declare any amount higher than this on entry to 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 jewelry and carrying large amounts of cash in public areas.
    • Always travel with a cellphone. The emergency number to call for the police is 10111.
  • How foreign exchange regulations will apply to you in SA

    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.

Need more help?

Let one of our consultants assist you.

Call us on:

0860 151 151

International callers:

+27 (0) 11 335 4019

Email us at:

forex@absa.co.za

Contact us to find your nearest foreign exchange branch