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Transfer Funds from South Africa

Expert Guidance for International Fund Transfers
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At FinSelect USA, we specialise in helping you seamlessly transfer your South African Rands (ZAR) overseas. Whether you’re moving retirement savings, investment proceeds, or inheritance funds, our team of financial specialists ensures your transfers are smooth, compliant, and cost-effective.

Our Guarantee

We’re so confident in our service quality and value that we offer an industry-first guarantee: we’ll beat any written competitive quote by up to 25%. This isn’t just about competitive pricing—it’s about delivering superior value through expertise you can trust.

Transfer Your Funds at Preferential Exchange Rates

With our expertise and established relationships, we offer you a reliable and efficient way to move your South African funds abroad while minimising fees and delays. Our competitive exchange rates help maximise the value of your transfers.

​Understanding Your Annual Allowances

For South African tax residents, there are specific allowances for international transfers:

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R1 million Discretionary Allowance

Transfer up to R1 million per calendar year without requiring SARS approval. This straightforward process allows quick access to your funds abroad.

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R10 million Foreign Investment Allowance

With an Approval International Transfer (AIT) from SARS, you can transfer an additional R10 million per year. Our team guides you through the approval process and ensures all documentation meets requirements.

Opening Your South African Bank Account

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Our Banking Partners

We work with leading financial institutions, including:

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  • Capitec Business Bank

These partnerships enable us to efficiently open accounts for non-residents when necessary.

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Account Requirements

To open a bank account, you’ll need:

  • A valid barcoded South African ID or smart ID card

  • A compliant South African tax number

Our team assists you in meeting these requirements and manages the entire account opening process on your behalf.

Important Information About Your Account
Trading Account Specifications

The accounts we establish are specifically designed for foreign exchange purposes. These are not traditional transactional accounts and do not include:

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  • Internet banking services

  • Debit card facilities

  • Regular banking features

Regulatory Compliance

We ensure all transfers comply with South African Reserve Bank (SARB) and SARS regulations. Our thorough understanding of these requirements helps prevent delays and complications in your transfers.

Transfer Timeline
Account Opening

1-2 business days for the authorised bank to open your account once all documentation is received.

Fund Transfer

1 to 2 business days for funds to reflect in your overseas bank account after the transfer is initiated.

The FinSelect USA Advantage
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Expert Knowledge

In recent years, many new providers have entered the market offering inheritance transfer services. However, the risks of working with inexperienced providers can be substantial and costly. Our team brings decades of combined experience in navigating complex regulations and ensuring all paperwork complies with both South African and international requirements.

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Seamless Process

We handle every aspect of your inheritance transfer:

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  • Opening necessary bank accounts

  • Obtaining regulatory approvals

  • Managing documentation requirements

  • Coordinating with executors and financial institutions

  • Ensuring efficient fund transfers

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Timely Transfers

Our streamlined approach and established relationships with key institutions help minimise delays, ensuring you can access your inheritance as quickly as possible. We understand that waiting for your inheritance can be stressful, which is why we prioritise efficient processing while maintaining full compliance.

Specialised cross-border financial services

Fin Select offers specialised financial services for South African individuals – including tax emigration, tax compliance, forex, fund transfers and more.

Our services focus on South Africans – both locally and abroad. With our intricate knowledge, accreditation, and affiliation, we can offer optimal rates and speedy service that’s fully compliant.

Register now

If you’d like to engage with a FinSelect USA representative, please follow the registration link below, and we will be in touch as soon as possible.

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