The declaration of the money can only be made by the accountholder before the account is credited and not by a third party. Only original signatures are permitted.Īccording to the Currency and Exchanges Manual of SARB, you must declare any money you receive from abroad before it can be credited to your account. You must only complete the form in black ink. Note: the sender of the money must match the sender on the form to release the money. The Standing Instruction form remains valid until you cancel it in writing. Then email the completed form to or fax it to 0860 88 88 15. You must complete the Standing Instruction and Indemnity Form for this to happen.įirst, download, print and complete the form. One of our consultants will contact you if we need a Balance of Payment Declaration or additional documents (or both).Įmail any questions you have to call us on +27 from Monday to Friday, 8am – 5pmĪny money you regularly receive for the same reason (such as a salary payment from your international employer) can automatically be credited to your account. If the payment does not meet the required criteria, as provided above, it may be rejected and the funds will be returned to the sender. Your payment will be automatically credited to your account if it meets the requirements of the SARB. The sender details of the payment must contain, at minimum, the sender's first name and surname. Remember, the beneficiary details of the payment must contain your name and surname as they appear in your ID document and your 10-digit Capitec account number. Branch Code/Sort/Routing: 470010 (not required on foreign currency payments).Account Name: *Name and Surname as per your Capitec Account/Identity Document.Account Number/IBAN: *Your 10-digit Capitec Account Number.The foreign bank must complete the SWIFT payment instruction as follows and route the payment directly to Capitec bank SWIFT code “CABLZAJJ”:.The sender must instruct their foreign bank to make the transfer in the foreign currency (e.g., USD, EUR, GBP, etc.) and ensure to provide, at minimum, a first name and surname as part of the sender details.Foreign currency payments are automatically converted and available for credit to your account upon receiving your Balance of Payment Declaration.
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