Why send your international payments with Nedbank?
Security
As a Nedbank account holder you can safely and reliably make payments to someone abroad or receive money from someone abroad.
Convenience
Funds are paid out directly from your Nedbank account to your recipient’s bank account.
Ease of payments
With a Swift transfer you can easily pay for goods sold in another country. You can also send money to individuals or organisations located in another country.
Limits and Restrictions
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South African residents over the age of 18 may use their R1 million discretionary allowance to make international payments without having to provide supporting documents.
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South African residents over the age of 18 may also use their R10 million investments allowance to invest in funds abroad. To make use of this, you will need to get a Tax Compliance Status Pin Letter from SARS.
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Supporting documentation is required by the South African Reserve Bank (SARB) for all other payments.
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Exchange control regulations apply
Digitally accessible
- Simply capture recipient details.
- Select reason for payment.
- Enter the amount in rand or in currency.
- Accept or decline quotation.
- Save the transaction and complete it later.
- View payment history for all Settled, In-progress, and Saved payments.
How to prepare to make a payment
- To pay someone you need their name, surname, gender and full physical address.
- To pay a company you need the company’s name and its full physical address.
- You also need the banking details (you must ask the recipient
for this information), which must include:- their bank’s Swift code; and
- depending on the region you are sending the payment to,
an international bank account number or account number and/or routing (sort) code.
- Use your R1 million single discretionary allowance to submit your personal outgoing international payment from the comfort of your own home.
How to make a payment on the Money app
- Making a payment on the Money app.
- All you need to do is the following:
- Log in to Money app.
- Select Transact and then Pay or swipe to International banking.
- Select International payments.
- Select Make a payment.
- Follow the further easy steps.
Additional information
- If you do not want to use the Money app; simply complete an application form, save it to your desktop and email the form to servicedeskpayments@nedbank.co.za. We will call you for verification. Please note: Depending on the reasons for payment (BOP/Balance of Payment), you may have to provide supporting documents. The email service is currently not available for business transactions.
- If you would like to receive email notifications of incoming or outgoing crossborder payments as well as your debit and credit advices (copies of SWIFT MT103 messages), you can complete a Global eMessenger Form and submit it to any Nedbank branch or scan and email it transactionalbankingmaintenance@nedbank.co.za if you have a fax/email indemnity in place.
- For further information, please read the FAQs and Reason For Payments (Balance of Payment).
- Click here to complete the Outgoing Payment Form.
Help and support
Chat to Enbi - your 24/7 assistant
on the Money app or Online Banking
Get the Money app
For a secure and convenient way to manage your money, open an account, get a loan, or even buy gift and prepaid vouchers: get the Nedbank Money app.
Get the Money app
