Fuss-free foreign exchange

Quick Update

A collection of news in brief from Investec Private Bank

2018 is fast coming to its end. Whether you’re travelling this holiday season and need foreign currency, sending monetary gifts to loved ones abroad or expecting an offshore payment, Investec can assist with all your foreign exchange requirements.

Make international payments easily
 
Do you know about Investec Online’s international payment functionality? It enables you to submit an offshore payment instruction with Balance of Payment (BoP) codes, view all your pending payment instructions, status and expiry dates, accept a live conversion rate and view the transaction amount and fee.
 
You can also submit your instruction online to allocate funds coming from offshore.

Remember, you can also open…

A UK Private bank account

This sterling-based transactional account is designed as a secondary account to complement your primary South African Private Bank Account. It is suitable if you regularly travel to the UK or receive income in the UK. The account has a linked Visa debit card and you earn interest on your entire balance.

A Foreign Currency Call Deposit

Receive, keep and save funds in US dollars, GB pounds and euros.
 
There is no monthly fee and you have immediate access to your funds.
Use your annual allowances
 
If you’re a SA citizen, time is running out this year if you plan to use your annual foreign investment allowance of R10 million or your annual R1 million single discretionary allowance (which can be used for travel, investment, monetary gifts, loans and subsistence for students studying abroad etc).
 
Get in touch with your Private Banker who will assist you with your annual allowances or if you want to expand your investment portfolio internationally.
 
Get travel currency
 
You can use your Investec Visa card online or in-store worldwide and withdraw cash at any ATM with a Visa logo. You will earn Rewards points on your purchases.
 
If you would like some foreign currency in your wallet for your travels, you can order it from Investec before you leave and we will deliver it directly to you. 

If you have any questions or need more information, visit us online or contact your Private Banker or the 24/7 global Client Support Centre on 0860 110 161 or +27 11 286 9663.

 
Investec Rewards

Five star Twelve Apostles Hotel and Spa, Cape Town

Two nights from R4 655 per person sharing

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Quick Update

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