Services · Personal accounts

Personal 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

Service	Price
Personal account - opening assistance	on 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.

FAQ

Can a non-resident open a bank account in South Africa?

Yes, banks offer non-resident accounts with a passport, proof of address abroad and usually a branch visit. The product range is narrower than for residents, and the money is treated as non-resident funds for exchange control purposes.

Do I need a residence permit for a South African bank account?

Not always, but a valid visa or permit makes it far easier and some branches ask for one before starting. Without local status you face more questions and a shorter list of banks willing to help.

What is the minimum balance for a South African bank account?

There is no single national figure - minimum balances and monthly fees depend on the bank and the account tier. Non-resident accounts generally carry higher fees than standard retail ones.

Does South Africa report accounts under CRS?

Yes. South Africa exchanges account data with partner jurisdictions under CRS, so your tax residence matters more than where the account is held. Holding money there does not remove your reporting duty at home.

Personal accounts: South Africa

Fees

See also

FAQ

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