Enjoy the convenience of holding dollar, pound and euro through your Investec Private Bank Account, without needing to open a separate offshore account.
Fund your pockets when it suits you, manage your currencies digitally and use your existing Investec Visa card to spend from the appropriate pocket.
About multicurrency pockets
A multicurrency pocket allows you to hold, manage and transact in dollar, pound and euro through Investec Online and the App.
Your pockets are free to open for transfers and card spend. You can fund them from your Private Bank Account, receive eligible international payments and hold foreign currency until you are ready to pay, spend, transfer or convert it.
No currency conversion card fee applies when a transaction is paid from the matching currency pocket.
You also earn unlimited Investec Rewards points on qualifying card purchases.
About multicurrency pockets
A multicurrency pocket allows you to hold, manage and transact in dollar, pound and euro through Investec Online and the App.
Your pockets are free to open for transfers and card spend. You can fund them from your Private Bank Account, receive eligible international payments and hold foreign currency until you are ready to pay, spend, transfer or convert it.
No currency conversion card fee applies when a transaction is paid from the matching currency pocket.
You also earn unlimited Investec Rewards points on qualifying card purchases.
Designed for the way you live globally
Travel with the right currency
Fund your pockets before you travel and use your existing Investec Visa card for purchases in dollar, pound and euro. If you have a Scotland getaway planned, you can save in pounds and spend in pounds when you’re there.
You can also make free international ATM withdrawals from the matching funded pocket. Fees charged by the ATM operator may still apply.
Shop and subscribe internationally
Pay directly from the appropriate funded pocket for eligible subscriptions such as ChatGPT. You can also shop online from international retailers in their currency.
No currency conversion card fee applies when a transaction is paid from the matching currency pocket.
Build foreign currency over time
It’s having a trump card in your pocket. When exchange rates are favourable, you can fund a pocket. You can also set up recurring transfers to build a dollar, pound or euro balance gradually for future travel, purchases or international commitments.
Your overall cost will reflect a blend of the exchange rates applied to each transfer, rather than the exchange rate on a single day.
Manage money across borders
With multicurrency pockets, you can hold foreign currency and make or receive eligible international payments.
Your pocket details are available digitally when you need to share it with an international payer, giving you a simple way to receive supported currencies without first converting it into rand.
Turn Rewards points into foreign currency
You earn unlimited Investec Rewards points on qualifying purchases when you use your Investec Visa card whether locally or internationally.
You can also redeem your points into your dollar, pound or euro pocket, giving you another way to turn your everyday banking into international value.
Ready when you are
You can easily add and manage your multicurrency pockets through Investec Online or the Investec App. There is no fee to open or operate your pockets and you can choose the currencies you need.
MORE INFORMATION
Want to diversify internationally?
Whatever your international ambitions, multicurrency pockets form part of Investec’s broader international offering.
Explore solutions including a UK Private Bank Account, Foreign Currency Accounts and offshore investments, with specialist support to help you find the right option for your needs.
Explore our international offering
Product terms, eligibility criteria, exchange controls and applicable regulatory requirements apply.
Get a Private Bank Account as international as you are
Please complete a few details and one of our Private Bankers will be in touch
To qualify, you need to earn more than R800,000 a year if you’re 30 or older, or more than R600,000 a year if you’re under 30 and hold a recognised qualification. Lower income thresholds may apply for certain qualifications.
Listen to the podcast
Everything Counts | Episode 41: From trolleys to tabs | How South Africans are shopping in multiple currencies
Shopping trolleys have been replaced by open browser tabs. Wallets have followed us online. And money now crosses borders far more often than we think. In this episode of Everything Counts, host Motheo Khoaripe has a conversation with Dan Buntman, project lead for international banking, and Bonnie Dalglish, Private Banking lead for foreign exchange. They unpack how South Africans manage money in a world where a shop can be in Shenzhen, Sheffield or Sandton, but also how they’re managing lives in multiple currencies.