Foreign Exchange

For private clients

Foreign Exchange for private clients

If you want to invest internationally, make payments overseas, receive money from offshore or need foreign currency to travel, Investec can assist with all your foreign exchange requirements. 

Three channels to send money abroad

  • The global Client Support Centre
  • Your Private Banker 
  • Investec Online which features a new international payment functionality, with real-time exchange rates, to complete the forex payment

Get currency easily

  • Order foreign currency within 60 days of your departure
  • We’ll deliver it within 48 hours or have it waiting for you at ORT
  • Use your Investec Visa card at retailers worldwide and withdraw cash at any Visa ATM

Assistance with SARB

We can assist you with your application to SARB relating to the over R10 million Foreign Investment Allowance (FIA) once you have been granted the Tax Clearance Certificate by SARS.

Receive money from overseas easily

If you're receiving money from abroad, we can facilitate the transfer of your funds from a foreign country into your Investec Private Bank Account, conveniently and efficiently.

With our private FX, you get the combined expertise of your dedicated private banker and foreign exchange dealer, and the convenience of a secure, online platform to simplify all your currency exchange requirements. 

10

Our fraud rate and credit decline is approximately 10 times less than the Visa industry average.

48

The average number of hours it takes for you to receive your travel currency, from time of order.

Forex fee structure

Latest fees effective 10 August 2021

Access a detailed breakdown of the Forex fees

 ‘I am so impressed with the online payment functionality. It was intuitive and the entire transaction was concluded with no issues.'

Cecilia, Private Banking client

Bank | Invest | Protect with us.

Whatever your currency exchange requirements, Investec is your specialist service provider of forex in South Africa.

By submitting this form, you give Investec permission to perform a credit check on you. Please see our Privacy Policy

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Investec Financial Surveillance

Investec Financial Surveillance is responsible for the administration of exchange control. This is in terms of the authority delegated by the Minister of Finance. We assist you with the following areas of exchange control, among others:

 

  • Formalising financial emigration from South Africa and emigration-related advice
  • International money transfers from South Africa by SA residents, including applications to transfer funds offshore which are in excess of the applicable limits
  • Foreign loans
  • Foreign direct investments where companies invest offshore, and other related corporate transactions
  • JSE-related transactions including inward listings by non-residents on the JSE

 

Please contact us on 011 286 7261 or 011 286 7250

New international online payment process

  • View all your pending payment instructions, status and expiry dates in the table at the top of your international payments page
  • Accept a live rate of conversion that refreshes at 10 second intervals to complete the payment
  • View the transaction amount and associated fee
  • View all beneficiary and payment steps in the audit trail
  • Be notified at each step of the payment process via SMS and email

International transfers made easy

  • Submit an offshore payment instruction with Balance of Payment (BoP) codes
  • Add, edit and delete international beneficiaries
  • Upload supporting documents required to make the payment
  • Search for international bank details and SWIFT/BIC codes

Download important documents

If you are receiving money from overseas in South Africa, you will need to give the sender of the funds Investec’s SWIFT/BIC code. Please download here:

Annual allowances

Expand your portfolio of overseas investments by using your foreign allowance of R10 million. This is an annual allowance for all SA citizens. Use your annual R1 million single discretionary allowance for travel, investment, monetary gifts, loans and subsistence for students studying abroad (and other uses).

Moving funds abroad

If you're moving to another country, we can assist and guide you in your exchange control application to the Reserve Bank, and move your funds offshore.

Omnibus facilities

Our team of foreign exchange specialists can assist you with omnibus facilities for business and corporate travel. This ensures an individual’s personal allowance isn’t affected when traveling for business. 

Partner with Investec

Partner with a forex bank with a global footprint and proven track record in currency exchange. Our foreign exchange specialists will provide tailored and personalised solutions to assist in all your international money transfers to and from South Africa. 

Download payment application forms

Inward Receipts application form
Outward Payment application form

Investec. One Place™

Investec. One Place™ is a continuation of Investec’s strong client-centred service culture. We offer you integrated access to banking and investment services both locally and internationally, all in One Place, so you can easily open a UK bank account from South Africa.

Investec. One Place™

Investec Digital

Investec Digital puts control of your finances at your fingertips. Bank and invest any time, no matter where you are in the world.

Investec high touch high tech

Bank | Invest | Protect with us.

Whatever your currency exchange requirements, Investec is your specialist service provider of forex in South Africa.

By submitting this form, you give Investec permission to perform a credit check on you. Please see our Privacy Policy

An official type of identification is required to perform credit checks. Please complete the fields below.

Sending...

Please complete all required fields before sending.

Thank You

We will be in touch

Sorry there seems to be a technical issue