South Africa – Banking

The South African banking sector has been consistently ranked in the top 10 in terms of competitiveness.  The South African financial system is also described as robust, highly developed, sophisticated and well regulated – Joint IMF / World Bank assessment 2000.

Opening a bank account in South Africa as a foreigner can be a little tiresome, frustrating and time consuming.  The normal course of events is to gather all required documentation and queue at the bank.  There one sits (normally after lengthy wait) whilst any number of forms are completed.  Often there is confusion over the residency status, sometimes hard to proof address and lack of credit history.

Inside SA offers it clients the most comprehensive immigration service available.  At Inside SA our clients can look forward to opening a bank account in South Africa with the minimum of fuss, with great service and great rates as we have set up special arrangements with First National Bank, RMB and Investec private banking.  This means no queues, no confusion and quick facilitation of the establishment of your banking facility.



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