Banking Regulations

Company profile

Bidvest Bank Limited ( Reg No 2000/006478/06) is an authorised 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 and Investments

Bidvest Bank (Reg No 2000/006478/06) is an authorised 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.

Merchant services

*Online 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., and 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.

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 – Association of Southern African Travel Agents certificate.

Bidvest Bank B-BBEE Certificate (pdf 487kb) – Level 1 contributor. B-BBEE report available here.

Patriot Act Global – 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).

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

Bidvest Bank Moody's Rating Press Release

South Africa’s Reserve Bank launches CODI

Code of Conduct for the Processing of Personal Information - issued by the Banking Association South Africa

Regulatory downloads

FAIS License

FAIS Disclosure

Request for Access to Record

Outcome of request and of fees payable

Internal Appeal Form

Conflict of Interest Policy