TRANSFER MONEY ABROAD QUICKLY & EASILY WITH FX-PRO
If you’re investing overseas or emigrating, we’ll ensure you never pay more for your international transfer than you have to! We give clients direct access to the best exchange rates in the market. In some cases, we’re saving Private Individuals as much as 45 cents on the exchange rate versus the bank.
HOW FX-PRO WORKS
Open a free personal FX account online
1. Register online for free
Register online for free, it only takes a couple of minutes! We’ll open an account in your name at one of our banking partners and send you the details for your new global payment account.
2. Secure a great rate
Simply login to your online A/C or call our dealing desk. Tell us the currency and volume you want to transfer and we’ll give you a great rate. To pay for your transfer, you’ll need to make a local bank transfer to your new account. We’ll notify you once we receive your funds.
3. We transfer your currency
Tell us where you want to send your funds and we’ll prepare your payment for you. 90 % of our payments arrive in a business day. On completion, we’ll send you confirmation of the transfer.
why choose FX-PRO
We’ll save you time and money on your overseas transfers
Transferring money should be quick & easy not slow & painful. Our clients have direct access to our dealing room and can speak to one of our experienced dealers at any point.
GREAT EXCHANGE RATES
We give clients access to a simple currency exchange service where they can buy & transfer currency at the best exchange rates available in the market.
SIMPLE & CONVENIENT
Dealing with banks is frustrating at the best of times. Our experienced team will handle everything for you. Simply email us the documents and we’ll do the rest.
Do you need help navigating South African Exchange Controls
Transferring money out of South Africa can be overwhelming if you don’t understand exchange control regulations. Give us a call today if you would like to discuss exchange controls, discretionary and investment allowances or if you need to obtain a tax clearance certificate. When it comes to transferring money out of South Africa, we can help. Call us on +27 (0) 11 888 0125.
R 1 million – discretionary allowance (DA)
Residents (natural persons) over the age of 18 years can make use of a single discretionary allowance of R1 million per individual per calendar year. No tax clearance certificate is required. If you have any questions about Discretionary Allowances, call us on +27 (0) 11 888 0125.
R 10 million – foreign investment allowance (FIA)
This allowance can be used to invest funds overseas and requires the applicant to have a green bar coded South African ID book and to obtain tax clearance from South African Revenue Services (SARS) before proceeding.