How to A Open Bank Account in South Africa – Contact information for the African Development Fund, African Development Bank Nigeria, and Functions of the African Development Bank, African Development Bank Subsidiaries, African Development Bank South Africa Office, African Development Bank Pdf, Land and Agricultural Development Bank of South Africa
It’s beneficial to have an account where deposits and transfers can be made without incurring losses. In addition to paying interest, a bank account provides a solid way to keep your money safe. Today, many jobs demand that you have a bank account in order to collect your pay.
How to A Open Bank Account in South Africa
Is it your first time opening a bank account in South African Reserve Bank (central bank) and you don’t know where to start? Simply visit any South African Bank with your ID book and proof of residence to open a bank account that suits your needs.
What is Required to Open a South African Reserve Bank (central bank)
Bank Account:
- South African ID book or a valid passport with the important study/work permit
Note: Green barcoded ID book or smartcards only - Proof of residence
Note: Utility bills or a bank letter completed by your landlord, local chief, or Councillor.With a Vital transactional account, you can:
- Withdraw cash at ATMs
- Deposit cash into your accounts
- Swipe your debit card at till points
- Receive SMS notifications of your transactions
- Bank from your cellphone at a minimal cost
Who can open a South African Reserve Bank (central bank) Account?
- South African citizens
- Foreign national bodies living in South Africa.
To open an account click here