Regulatory Requirements

Bidvest Bank - Regulatory Requirements

The following is a list of downloads and links to our policies, certificates, terms and conditions and other regulatory requirements.

Terms and Conditions

Bidvest Bank website terms of use

Bidvest Bank AccountTM electronic statements terms and conditions

Privacy Policy 

Bidvest Bank Account TM Competition Terms and Conditions


Company Profile

Bidvest Bank Limited (Reg No 2000/006478/06) is a licensed financial services and registered credit provider, NCRCP17.


Bidvest Bank Business Account

*Internet banking subscription is free. Fees apply to third-party payments and notifications. **Offers subject to change.

***Subject to company policy. Terms and conditions apply.


Savings Investments

Bidvest Bank (Reg No 2000/006478/06) is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number, NCRCP17.


World Currency Card™

*The World Currency Card™ can only be used outside of the Common Monetary Area, being South Africa, Lesotho, Swaziland and Namibia. In addition, there may be some other countries or geographical regions where usage of the World Currency Card™ is prohibited. Visit www.worldcurrencycard.co.za for fees, terms and conditions applicable. In terms of legislation, proof of identity, residential address and travel arrangements are required to purchase foreign exchange. Issued by Bidvest Bank Limited, pursuant to licence from Mastercard® Asia/Pacific Pte Ltd, Mastercard® and the Mastercard® Brand Mark are registered trademarks of Mastercard®. World Currency Card™ is a registered trademark of Bidvest Bank Limited.


Global Payments Online™

Global Payments Online™ is a registered trademark of Bidvest Bank Limited.


Merchant Services

*Internet banking subscription is free. Fees apply to third-party payments and notifications. **Offers subject to change.

Bidvest Bank and its acquiring partners conform to the required levels of Payment Card Industry Data Security Standards.


Western Union

Exchange control regulations apply. In terms of legislation, proof of identity/passport is required to transfer money.

The Western Union name, logo and related trademarks and service marks, owned by Western Union Holdings Inc.,are being used with permission.


The Bidvest Bank Grow Account™

Proof of residence and positive identification are required to open a Bidvest Bank 


Grow Account™.

Terms and conditions apply.


Savings and Investments

Bidvest Bank (Reg No 2000/006478/06) is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number, NCRCP17.


Western Union Money Transfer

Exchange control regulations apply. In terms of legislation, proof of identity/passport is required to transfer money.

The Western Union name, logo and related trademarks and service marks, owned by Western Union Holdings Inc., are being used with permission.


Rand Currency Card

Visit www.bidvestbank.co.za for full fees. SMS alerts received for card transactions not made by you (including balance enquiries) are signs of possible fraudulent activity. Failure to report this immediately on 0860 11 11 77 could result in losses to you. In terms of legislation, proof of identity is required to purchase Foreign Exchange.


Certificates

ASATA Membership (pdf 342kb)– Association of Southern African Travel Agents certificate

Bidvest Bank B-BBEE Certificate (pdf 487kb) – Level 4 contributor. B-BBEE report available here.

Patriot Act Global (pdf 67kb) – Global certification regarding correspondent accounts

Acts

Financial Intelligence Centre Act - FICA aims to prevent money laundering and unlawful activities

Promotion of Access to Information Act - Bidvest Bank Holdings Limited manual promotion of access to information act (No. 2 of 2000)

Patriot Act Global (pdf 67kb) – Global certification regarding correspondent accounts

Other

Code of Banking Practice - Issued by the Banking Association South Africa

Ethics - Committed to honest and fair business practice

Pillar Disclosure (pdf 177kb) - PILLAR III Public Disclosure March 31 2013

Moody’s rating (pdf 66kb) - Global Credit Research 28 Jan 2013


Regulatory Downloads
FAIS Licence