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Bidvest Bank offers a range of banking
products that suit a variety of clients
professional and personal finance needs.
Personal banking products include
deposit and investment solutions that have been carefully attuned to the South
African market, while business banking products include loans and a variety of
accounts that suit the unique requirements of corporate clients.
The SARB's current exchange control limits (discretionary
allowance) for South African residents is a maximum of R1 000 000 per calendar
year (1 January to 31 December) for adults and a maximum of R200 000 per
calendar year for those residents
that are under the age of 18.
This discretionary allowance is designed for the payment of travel expenses,
gifts, donations and maintenance.
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A fixed deposit account
offers competitive interest rates on your funds for the period you
choose to invest them for. With a minimum deposit of R5000, funds can be
invested for a period of one to six months at a fixed interest rate for
the term of the investment. Interest is calculated daily and is payable
monthly or on maturity.
Buying Forex What do You Need
Valid passport
Proof of travel arrangements
Green bar-coded identity document/temporary resident permit
Proof of residential address (not older than three months)
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