If you are a foreign national and you want to open a resident bank account in South Africa, there are just a few credentials you would need to make available which would in addition to the ones listed above include:<\/p>\n

\n
• Complete the form for Foreign National Declaration and Confirmation of Employment by a South African Employer<\/li>\n
• Declare all the funds and foreign assets brought into the country belonging to you<\/li>\n
• Submit a written declaration stating that the foreign assets will not be given to a third-party resident in South Africa<\/li>\n
• Provide copies of the following:\n
  \n
  • Valid passport or travel document<\/li>\n
  • Work or study permit<\/li>\n
  • Proof of address in South Africa usually in the form of a utility bill<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

    How To Open a Non-Resident Bank Account in South Africa<\/strong><\/h2>\n

    Even though it is very easy to open a savings bank account as a non-resident of South Africa, there are still some requirements for opening such a bank account based on the individual banks. Some South African banks may require that one or more of the following conditions apply:<\/p>\n

    \n
    • Non-resident accounts may only be funded by foreign currencies.<\/li>\n
    • Non-residents may be required to prove that they are \u201cactually\u201d non-residents<\/li>\n
    • Most banks have a condition attached in such a way that a foreign currency account for a non-resident would also require that a Rand account be opened.<\/li>\n<\/ul>\n

      Requirements for opening a non-resident account:<\/strong><\/h4>\n

      \n
      • Provide at least the minimum opening deposit<\/li>\n
      • Have a certified copy of your passport authenticated at your overseas branch<\/li>\n
      • Provide at bank statements for at least three months<\/li>\n
      • Provide proof of income<\/li>\n<\/ul>\n

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        Want to open a Bank Account in South Africa and … <\/p>\n","protected":false},"author":1,"featured_media":308273,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[103280],"tags":[104756,104753,104754,104755],"class_list":["post-65767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bank-account-in-south-africa","tag-how-to-open-a-non-resident-bank-account-in-south-africa","tag-how-to-open-a-resident-bank-account-in-south-africa","tag-open-a-bank-account-in-south-africa"],"jetpack_publicize_connections":[],"yoast_head":"\n