Foreign Currency Accounts

Investing Locally or Overseas

Invest your money in foreign currency, either locally or abroad. 

Investing Locally or Overseas

An international currency account allows you to invest your money either locally or abroad.  

Annual Foreign Investment Allowance

South African residents over the age of 18 are entitled to a once-off individual foreign currency transfer up to a maximum of R10 million per annum.  

Investing Locally 

A Bidvest Bank Foreign Currency Account allows you to invest your money locally in one of the foreign currencies available: US Dollar, British Pound, Euro or Australian Dollar. The funds may earn interest in the specified foreign currency but remain a South African-held and operated account.

Investing Overseas 

In this case we assist you in transferring your funds to the overseas financial institution or investment firm via telegraphic transfers or bank drafts.

Requirements

To qualify you’ll need a minimum deposit of R25,000.00 and the following documents:

To apply for a Bidvest Bank Foreign Currency Account, download an application form and visit one of our nationwide branches. 

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