Standard Bank Forex Cape Town

International payments

Whether you're receiving or making an international coin transfer, nosotros've got the solution to run across your needs.

Some of the benefits

Seamless process

Make and receive international money transfers someday, anywhere on the App or Net Banking

Support

Nosotros'll aid you lot with your South African Reserve Bank reporting when receiving international payments

Transparency

View the exchange charge per unit and transaction costs upfront on the App before y'all make an international money transfer

Convert currency

If yous receive funds from overseas, we'll catechumen the foreign currency and deposit Rand into your account

Making international payments:

To pay a person, you need their proper noun, surname and full concrete address
To pay a company, you demand the visitor name and their full physical address
Y'all also need the account number or IBAN and a valid depository financial institution SWIFT code
Depending on the country, you lot may likewise demand to know their SORT or routing code
Provide a reason for your payment (BOP lawmaking) based on the commutation command requirements.

Receiving international payments:

You need to provide the following account details to receive an international money transfer:

Account number/IBAN number: Provide your Standard Bank account number
Co-operative/SORT code: If this information is requested, please advise the sender of the universal Standard Bank Lawmaking (051001) to ensure that the co-operative lawmaking is not provided in the aforementioned field every bit your account number
Account type: Information technology is recommended that you use a cheque / savings account to receive international payments
Standard Bank'due south SWIFT address: SBZAZAJJ

Making international payments:

You will demand the beneficiary's name, address and bank details followed by the reason for your payment (BOP lawmaking)
You will be required to provide the supporting documentation every bit per exchange command requirements e.g. invoice, nib of lading, etc
You can employ your pre-booked charge per unit, or your payment can be processed at the current exchange rate
The payment volition be candy within 2 business days

Receiving international payments:

Trace your incoming payments: If you're expecting a payment, yous can monitor the status of your incoming funds past providing u.s. with your Standard Bank account number
One time-off incoming payments:

On Cyberspace Banking
One time Standard Bank has received the funds from the sending bank, you will be contacted via SMS or e-mail, and you will have xxx calendar days to procedure your transaction on Internet Banking
If you lot don't have Internet Banking
Once Standard Bank has received the funds from the sending banking concern, you will exist contacted via SMS or e-mail, and you will take 30 calendar days to provide the reason for payment (BOP code)

Recurring payments: If you receive funds on a regular footing from the same person for the aforementioned reason, y'all can set up a Standing Settlement Instruction which will enable us to automatically process your payment without contacting you for further details
Foreign currency payments: If funds are received in foreign currency, the strange currency will be converted into local currency at the commutation rate at the time of providing the reason for payment, or you may instruct united states to use a pre-booked deal where yous have direct dealing facilities in place

The South African Reserve Depository financial institution has given South African citizens an assart to make international payments without needing to provide supporting documentation for a sub-set of Reason for Payment (BOP) codes.

This allowance is your Single Discretionary Allowance (SDA) limit or your "forex limit" and y'all can employ it to make payments upwards to R1 million per calendar year (1 January - 31 December).

To brand international coin transfers for other reasons or in excess of your R1 million allowance, please visit your nearest Standard Depository financial institution Bureau de Change or any branch with a forex teller with your supporting documents.

To find out more than virtually exchange control, click here.

See brochure

Making international payments:

Commission fee: Standard Banking company charges a commission fee which is a pocket-sized pct of the amount you send.
SWIFT fee: Standard Depository financial institution charges a SWIFT fee to transport international payments via the SWIFT network.
Beneficiary bank fees: The beneficiary'due south bank charges a fee to process the incoming payment. The cost of these fees varies from bank to bank and the amount is not known to Standard Depository financial institution. You can choose to pay the casher bank'south fees or have the casher pay for their ain banking concern fees. If you choose to pay, your business relationship will be debited with a carve up fee once the beneficiary bank has processed the payment.

Receiving international payments:

An international payment incurs fees from the sending bank, the casher bank (Standard Bank) and an intermediary depository financial institution in the issue where the payment could not exist sent directly to the beneficiary bank. The sender may cull ane of the post-obit options to determine how the fees are paid:

SHA: The sender and the beneficiary pay their own banking concern fees. This is the most popular choice.
OUR: The sender will pay both the sending and beneficiary banks fees.
BEN: The beneficiary volition pay for both the sending bank and his/her ain bank fees.

Should at that place be any intermediary bank fees, these volition exist deducted off the amount sent to the casher. .

Come across 2022 pricing guide

Banking App

Download or sign into the Standard Bank mobile app
Click on "More"
Select "Explore products"
Select "Foreign Exchange"
Select "Outward International Payments" to brand a payment
Follow the steps to complete the payment process

Internet Banking

Sign into or register for Internet Cyberbanking
Select "Transact"
Select "International Payment"
Follow the like shooting fish in a barrel steps to complete the payment

Shyft Global Wallet

Sign into Shyft . If you lot are a Standard Bank client, nosotros will apply the details which already exists in our organisation
If you are a non-Standard Bank client, you need to download the app and register
In one case you have signed in, yous will need to validate your profile using your ID and latest proof of residence

Bureau de Change branches

Visit your nearest Agency de Modify branch if y'all want to brand a transmission international payment

Download the international payment class hither.
Download the e-mail indemnity form here.

Terminology and abbreviations for international payments tin be complex, which is why we've compiled a list of the terms to assist you get a meliorate understanding.

What y'all'll need
Payment process
WHAT You lot Demand TO KNOW
Fees
HOW TO Get IT
GLOSSARY

Making international payments:

To pay a person, yous need their name, surname and full physical address
To pay a company, you need the visitor name and their full physical address
You lot too need the account number or IBAN and a valid bank SWIFT code
Depending on the country, you may likewise need to know their SORT or routing code
Provide a reason for your payment (BOP lawmaking) based on the exchange control requirements.

Receiving international payments:

You lot need to provide the following account details to receive an international money transfer:

Business relationship number/IBAN number: Provide your Standard Bank account number
Branch/SORT code: If this information is requested, please advise the sender of the universal Standard Bank Lawmaking (051001) to ensure that the branch code is non provided in the same field as your business relationship number
Business relationship type: It is recommended that you lot use a bank check / savings business relationship to receive international payments
Standard Bank's SWIFT accost: SBZAZAJJ

Making international payments:

You volition need the beneficiary'south name, accost and banking concern details followed by the reason for your payment (BOP code)
You will exist required to provide the supporting documentation as per exchange control requirements due east.g. invoice, bill of lading, etc
Yous tin can use your pre-booked charge per unit, or your payment tin be processed at the current commutation charge per unit
The payment will be processed within ii business organisation days

Receiving international payments:

Trace your incoming payments: If yous're expecting a payment, y'all tin monitor the condition of your incoming funds by providing us with your Standard Bank account number
In one case-off incoming payments:

On Internet Banking
Once Standard Banking company has received the funds from the sending depository financial institution, you will be contacted via SMS or email, and you will have 30 calendar days to process your transaction on Internet Banking
If you lot don't accept Internet Banking
Once Standard Banking company has received the funds from the sending banking concern, you will be contacted via SMS or email, and you will have thirty agenda days to provide the reason for payment (BOP lawmaking)

Recurring payments: If y'all receive funds on a regular basis from the same person for the same reason, you can gear up up a Standing Settlement Instruction which volition enable us to automatically process your payment without contacting you for further details
Strange currency payments: If funds are received in foreign currency, the strange currency will be converted into local currency at the substitution rate at the time of providing the reason for payment, or you may instruct us to utilise a pre-booked deal where you have direct dealing facilities in place

The Southward African Reserve Bank has given S African citizens an assart to make international payments without needing to provide supporting documentation for a sub-gear up of Reason for Payment (BOP) codes.

This allowance is your Single Discretionary Allowance (SDA) limit or your "forex limit" and you tin can use it to make payments up to R1 million per calendar year (1 Jan - 31 December).

To brand international money transfers for other reasons or in excess of your R1 million allowance, delight visit your nearest Standard Bank Bureau de Alter or any branch with a forex teller with your supporting documents.

To notice out more than about commutation control, click here.

See brochure

Making international payments:

Committee fee: Standard Bank charges a committee fee which is a small per centum of the amount you send.
SWIFT fee: Standard Depository financial institution charges a SWIFT fee to ship international payments via the SWIFT network.
Beneficiary bank fees: The beneficiary's bank charges a fee to process the incoming payment. The cost of these fees varies from bank to depository financial institution and the corporeality is non known to Standard Banking concern. Yous can choose to pay the casher depository financial institution's fees or have the casher pay for their own bank fees. If you choose to pay, your account will exist debited with a separate fee once the beneficiary banking company has processed the payment.

Receiving international payments:

An international payment incurs fees from the sending bank, the beneficiary bank (Standard Bank) and an intermediary bank in the upshot where the payment could not be sent direct to the beneficiary bank. The sender may choose 1 of the post-obit options to determine how the fees are paid:

SHA: The sender and the casher pay their own bank fees. This is the most popular pick.
OUR: The sender volition pay both the sending and beneficiary banks fees.
BEN: The casher will pay for both the sending bank and his/her own bank fees.

Should in that location be any intermediary bank fees, these volition exist deducted off the corporeality sent to the beneficiary. .

See 2022 pricing guide

Cyberbanking App

Download or sign into the Standard Bank mobile app
Click on "More"
Select "Explore products"
Select "Strange Exchange"
Select "Outward International Payments" to make a payment
Follow the steps to complete the payment process

Cyberspace Banking

Sign into or register for Internet Cyberbanking
Select "Transact"
Select "International Payment"
Follow the easy steps to complete the payment

Shyft Global Wallet

Sign into Shyft . If you are a Standard Depository financial institution client, we will use the details which already exists in our system
If you are a non-Standard Bank client, you need to download the app and annals
Once you lot take signed in, you lot will need to validate your contour using your ID and latest proof of residence

Bureau de Change branches

Visit your nearest Agency de Change branch if you want to make a manual international payment

Download the international payment form hither.
Download the email indemnity form hither.

Terminology and abbreviations for international payments can exist complex, which is why we've compiled a listing of the terms to aid y'all get a meliorate understanding.

View our brochure

Download or view our brochure