Private banking requirements

A private banking experience designed for young professional, high-income and high-net-worth individuals.

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To qualify for private banking in South Africa, individuals generally need to have a qualification and earn a minimum level of income, which may vary depending on age, qualifications or other specific requirements. 

Individuals over 30

Qualified individuals over 30 years old must earn R800 000 or more per year to qualify*.

Individuals under 30

Qualified individuals under 30 years old must earn R600 000 or more per year to qualify* or work in a specific field.

Who qualifies for private banking?

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Individuals under 30

If you are under the age of 30 and meet the criteria below, you may qualify* to apply for and open an Investec Private Bank Account

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Annual earnings

  • If your salary is R600 000 or more a year, before bonus or incentives, you’re welcome to apply for Private Banking from Investec.

Professional sectors

If you work in one of the following sectors and meet these qualifying criteria, you may qualify* to bank with us.

  • Accounting trainee (CTA)
  • Actuary (Honours or passed seven exams)
  • Chartered financial analyst (CFA passed level 3 exams)
  • Engineer and energy (BEng, BSc or similar four-year qualification)
  • IT and technology (BSc or similar four-year qualification)
  • MBA graduate (MBA)
  • Medical doctor (MBChB)

*Subject to credit approval.

Individuals over 30

If you are over the age of 30 and meet the criteria below, you may qualify* to apply for and open an Investec Private Bank Account.

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Annual earnings

  • If your salary is R800 000 or more a year, before bonus or incentives, you’re welcome to apply for Private Banking from Investec.

*Subject to credit approval.

Private Banking Account fee structure

Access a detailed breakdown of Private Banking fees. Latest fees effective 10 August 2023.

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