Investing Locally or Overseas
An international currency account allows you to invest your money
Annual Foreign Investment
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
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.
In this case we assist you in transferring your funds to the
overseas financial institution or
investment firm via telegraphic transfers or bank drafts.
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.