Offshore Bank Accounts

Offshore banking means placing money in a bank account that is not the same country as where you live. In South Africa you can take up to a maximum of R4 Million per year out the country and an extra R1 Million as a discretionary or spending allowance. Many people find Offshore Banking attractive as your funds are converted into another currency so when the Rand depreciates your money becomes more valuable here. Your funds can also be accessed when travelling to the foreign destination. Please note that transaction fees apply to these accounts, contact your bank for more information. To Apply for these accounts you need to be over the age of 18 and be in good standing with the South African Revenue Service as well as being able to meet the minimum opening deposit criteria.

Rate / Review

Current Ratings

1

0

0

0

Rate Now / Have your Say

Ratings

Select Bank

Select Absa Capitec Bank FNB Nedbank Standard Bank

Product Type

Select Bank Operating HoursBanking AppsBanking RewardsBasic Cheque / Current AccountsBusiness AccountsDebt ConsolidationEntry Level Credit CardsExchange RatesFixed DepositsFlexible Fixed DepositsForeign NotesGold Cheque/Current AccountsGold Credit CardsGraduates AccountsIslamic Cheque AccountsIslamic Private Client AccountsIslamic Youth AccountsOffshore Bank AccountsPersonal LoansPlatinum Cheque/Current AccountsPlatinum Credit CardsPrivate Client Credit CardsPrivate Clients Bank AccountsPrivate Clients Cheque/Current AccountsRevolving LoansSavings AccountsStudent AccountsStudent Credit CardsStudent LoansTemporary LoansTravel CardsTravellers ChequesYouth Accounts

Review Title

Review Description