Expat Finance Services in South Africa

The currency in South Africa since 1961 has been the South African rand. In that year it replaced the previous currency, the South African pound. It now comes in bank notes with the denominations of different colors depending on value - 10 (green), 20 (brown), 50 (red), and 100 rands (blue). Orange 200 rand bank notes were withdrawn from circulation in the year 2010 because of counterfeits.


The central banking authority in South Africa is the South African Reserve Bank. Besides this there are a variety of domestic and international banks operating in South Africa. Both residents and non residents can get South African bank accounts, provided they are over 18 years of age, have ID such as a passport and a utility bill or the like as proof of address.


Bank accounts open the door to getting a debit card or credit card, but ATM machines in South Africa are notoriously unreliable and may run out of cash, break down, or swallow a card. The maximum amount of rands that can be withdrawn from a South African ATM machine is usually 2000 rands. Online website banking is becoming more widely available, but many South Africans are cautious about using this service because of fears of computer hackers.

See our guides

Currency Exchange in South Africa

Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.

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Current Account in South Africa

Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.

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Offshore Savings in South Africa

Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.

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Expat Mortgages in South Africa

Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry

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Financial Advice in South Africa

Get information on investment portfolio building to achieve your investment objectives according to your risk profile.

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Expat Savings in South Africa

Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.

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QROPS in South Africa

Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas

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Online Broker in South Africa

Compare online brokers for forex trading, cfd trading, internet share trading and more..

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US Expat Tax in South Africa

American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote

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Tax Advisory in South Africa

Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.

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