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BANK BEATING
EXCHANGE RATES AND SERVICE


SAVE UP TO 3% ON YOUR
R1M DISCRETIONARY ALLOWANCE
Apply Online in less than 2 minutes:
APPLY ONLINE

R1M Discretionary Allowance

Exchange control regulations allow clients to move R1M per tax paying adult out of South Africa each year as part of their Discretionary Allowance.

Private individuals may utilize the below R1M Discretionary Allowance per calendar year:

  • R 1,000,000 per adult - No SARS Tax Clearance Required

Clients can follow the below process:

  • Apply Online - Choose R1M Foreign Investment option from dropdown menu
  • Complete Form with yourself as the Applicant and your beneficiary bank account details where you want the money to go to
  • Click Submit

Exchange4free will then email you all the required paperwork pre-completed for your signature only.

You would be required to send through all ORIGINAL signed paperwork and original certified copies of your South African ID Book and Proof of Residential Address.

Once we receive all paperwork and FICA documentation as above we will be able to fix an exchange rate and send the money overseas to your nominated beneficiary bank account.

REQUEST A QUOTE
FREE To apply online 2-5 DAYS For a Free SARS Tax Clearance
NO FEES On all amounts over R100K 100+ COUNTRIES Over 70 currencies
$3 BILLION Transferred to date SECURE Regulated by SARB and FSB
FREE To open an count 24 HOURS Average transfer time
NO FEES On all amounts 100+ COUNTRIES Over 70 currencies
$3 BILLION Transferred to date SECURE Regulated by the FCA

Contact Us

128 Boeing Road East
Bedfordview
Johannesburg
2007
South Africa
JHB +27 11 453 7818
Pretoria +27 12 004 7818
Cape Town +27 21 300 7818
Durban +27 31 100 7818
PE +27 41 004 7818

Email: info@exchange4free.co.za
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