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Foreign Exchange Services

Get world currencies at your fingertips. Buy foreign currency, plus pay and receive funds in forex – quickly and easily.

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WHY INVESTEC

Making banking borderless

If you want to buy foreign currency for a cash exchange for when you’re travelling, we can assist you.

You can also make international and cross-border payments, or invest offshore. Our foreign exchange specialists can assist any forex payments when making international money transfers to and from South Africa.

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GET STARTED TODAY

Interested in applying for an Investec Private Bank Account?

As a Private Banking client, you get exclusive access to our foreign exchange services. Find out how to qualify. Already bank with us? Contact your Private Banker to discuss your foreign exchange requirements.

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FEATURES OF OUR FOREIGN EXCHANGE SERVICE

Simplify all your foreign exchange requirements through our foreign exchange expertise

Choose your payment channel

  • Load, manage, and pay international beneficiaries, receive international payments, view and accept real-time exchange rates through our online banking platform
  • Make and receive international payments via your dedicated Private Banker
  • 24/7 assistance with international payments and receipts through our global Client Support Centre

Offshore payments

  • Get help with any type of foreign exchange payment, whether you want to move money overseas for investment purposes or make a payment to a third party
  • Make payments conveniently through our online banking platform or via your dedicated Private Banker

Receive funds from overseas

  • Receiving money from abroad? We’ll facilitate the efficient and convenient transfer of your funds from a foreign country into your Investec Private Bank Account.
  • Receive and keep funds in a foreign currency with our Foreign Currency Call accounts, available in US dollars, British pounds, and euros. (Only available to existing Private bank Account clients)

Order foreign currency

  • Foreign notes are available in all major currencies
  • Order your foreign currency within 60 days of your departure date
  • Order foreign currency in denominations to suit your needs (subject to availability)
  • Free delivery within 48 hours to your preferred address (subject to being within 50kms of our supplier) or you can collect at OR Tambo International Airport
  • We’ll buy back surplus foreign notes within 30 days of your return
  • You can also use your Investec Visa card overseas to pay for purchases or draw cash at any ATM displaying the Visa logo

Assistance with SARB applications

  • Get help with applications to SARB (South African Reserve Bank) to extend your Foreign Investment Allowance (FIA) once you have your Tax Clearance Certificate from SARS.

Move funds abroad

  • If you’re moving to another country, we’ll help and guide you with any exchange control matters.

Investec Financial Surveillance

  • Receive guidance on ceasing South African tax residency and the rules that apply.
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APPLYING

Interested in our foreign exchange services?

Our foreign exchange services are exclusively available to existing Investec Private Banking clients.

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MORE INFORMATION

Foreign exchange factsheet PDF 191.07 KB
Foreign exchange fee schedule PDF 115.31 KB

BECOME A PRIVATE BANKING CLIENT

Find out how to qualify as a Private Banking client to access our foreign exchange services.

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