Financial services for foreigners in South Africa
What is available to non-residents, expats and foreign nationals — documents, timelines and terms
What is available to foreigners
Debit cards
Foreign nationals can open debit cards on the Visa and Mastercard networks at most South African banks. Credit cards are generally not issued to foreigners without local credit history.
- Valid passport
- Proof of residential address
- South African tax number (if applicable)
- Proof of employment or income (not always required)
Deposits (savings accounts)
Fixed and notice deposits in ZAR are available to foreign nationals on the same terms as residents.
- Valid passport
- Proof of residential address
- South African tax number (if applicable)
Not available to foreigners
Unsecured loans, home loans, vehicle finance, instalment plans and leasing are generally only available to South African residents (citizens or permanent residence holders).
Good to know
Online account opening is often unavailable to foreigners — an in-branch visit is usually required. For larger amounts the bank may request additional documents. Confirm exact requirements with the specific bank.