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Services · Business accounts

Business accounts: South Africa

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

ServicePrice
Corporate account - opening assistanceon request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

See also

Personal account · Investment property · All country programs

FAQ

Can a foreigner open a business bank account in South Africa?
Yes, provided the company is registered with CIPC and has a local address. Banks run full FICA checks on shareholders and beneficial owners, and a signatory normally has to appear at a branch. Foreign ownership is allowed but slows the review down.
Do I need a South African resident director for a company account?
Company law does not require one. In practice most banks want a signatory who lives in the country and can be verified locally, with a local address and phone number. Without someone on the ground the application usually stalls.
How long does it take to open a corporate account in South Africa?
Think weeks rather than days: appointment, document collection, compliance review. Complex ownership chains and foreign shareholders stretch it further. The bank can stop the process at any point and owes you no detailed explanation.
Does exchange control in South Africa affect payments abroad?
Yes. Cross-border payments run through the Reserve Bank exchange control framework, so your bank asks what each payment is for and wants supporting documents such as a contract or invoice. Nothing is blocked by default, but paperwork is part of almost every transfer.

Don’t want to figure this out alone?

We handle the whole process end to end: we assess your company's chances with specific banks, prepare the compliance file and give you honest timelines. Leave your details and a corporate banking expert will get back to you. The first consultation is free.

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