Monday, October 21, 2019
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How to open Non-Resident FNB account in South Africa

In case you want to open a Non-Resident bank account in South Africa, you can do so at FNB Bank. To do so you will need to have the following:

  • Recent certified payslip or proof of income
  • Certified copy of passport
  • Three months latest bank statements from your bank abroad.
  • Proof of physical address aboard, not older than 3 months

The benefits of opening such an account include:

  • These types of accounts can be funded by foreign currencies. (Documentary evidence might be required in order to prove this.)
  • Should you want to open a multi – currency bank account, you will need to also open a Rand account at the same time.
  • Any foreign funds that are deposited into a SA account (non – resident) can be remitted abroad at any given time provided that the transactions occurred within the South African Reserve Bank.
  • However, banks like Standard Bank and Nedbank, have the same feature you can choose what works for you.

– FNB

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