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April 2013: If you have money in SA you need a bank account!

By April 18, 2015October 6th, 2023Newsletter

April 2013: If you have money in SA you need a bank account!

April 18, 2015

You may think you no longer have money in South Africa, but chances are you do. Any funds lefts behind in a preservation fund, retirement annuity, or possibly a SARS tax refund qualify as money owing to you!

Money transfers between South Africa and other countries are subject to foreign exchange control and regulations. The most basic requirement: a South African bank account.

If you don’t have a South African bank account, in your name, it is impossible to transfer money to your new home country.

As part of the finglobal.com service we can arrange a new bank account, usually within 120 minutes from receipt of the appropriate documentation.

Need a bank account? Contact us and set your clock or register for a free consultation.