January 20, 2021
Transfer Money out of South Africa safely and Securely.
Transferring money out of South Africa does not have to be complicated. We make it easy whilst offering the security off a bank to bank service at bank beating exchange rates.
Money Transfer Specialists
Get Your Money out of South Africa fast and easy.
We can assist with the SARS Tax Clearance Certificate applications.
Send Money from South Africa
When sending money out of South Africa, there are a lot of bureaucratic procedures to comply with, we can help with all this, we guide you through the process, we keep you updated with every step of the process to make your money transfer simple and easy, you will have a dedicated currency expert that will assist with the whole transfer process for you. Below is a list of the money transfer allowances South Africans can make use of when transferring money out of SA.
Paying back to the planet
We believe in paying back into our planet to preserve it for the future generations with our WhiteBIRCH 'forex' foundation. We plant trees every month to help save the planet. In our company we promote and practise a paperless system. All in the name of saving our beautiful planet.
We can assist you with...
FAST | TRANSPARENT | FAIR
We assist in getting your money out of South Africa.
Meeting all the SA Reserve bank requirements to move your money safely to your chosen account abroad.
"Don't just take our word for it..."
Dani maye Kelly
Andrew and Adele and the rest of their team at WB Forex are simply amazing. The service they provide is excellent. They make you feel like you are a VIP customer - treating every single one of my requests with speed and efficiency. Immigration is a stressful process and they make the money and forex side of things so much simpler. Thank you!
It's scary to be sending your savings overseas electronically - never meeting people in person with all the stories you hear - but this company is highly efficient and so helpful - I would recommend them to anyone The money transfers are so quick and you are kept informed at each stage. A big thanks to the team for all your help!
I am from South Africa and financially had to move some money over to the United Kingdom. I can recommend WB Forex for all your Financial requirements and assistance to any matters that might require urgent attention. I recommend them highly with their Professionalism. All Staff treats you like you are the number 1 client.
I have always received the most efficient personalised service from the team. I would honestly recommend WB Forex as the leading company to use to transfer funds! Thank you again to the team as always!
The Team at WB Forex is not only professional and knowledgeable but also friendly and helpful -nothing is too much effort and if you are like me that had lots of questions, the time was taken to explain everything in a way that I was more than comfortable to use their services. Setting up my new account was simple and I was kept advised as to progress and was notified as soon as the new account was opened. There has not been one hiccup with the transfer of any of our funds - and we have had multiple transactions. I have compared the forex rates quoted by WB Forex to major SA banks and they are in line making the 8250 flat fee payable per transaction very attractive. Thank you especially to Adele for being so patient. Five stars are actually not enough...
FAQ - Money Transfers
White Birch are specialists in transferring funds for South Africans from South Africa to any bank in the world.
Your money is still transferred safely and securely via the bank, however as an intermediary we are able to negotiate the exchange rate that you get for your transaction which is better than what the commercial banks will offer you.
Every resident above the age of 18 has two allowances that they can use to transfer funds from SA:
R1,000,000 - Single Discretionary Allowance
As a resident, you may transfer a total of R1 000 000 from SA every calendar year. Please note that all card transactions, travel allowance and gifting while you are abroad are included under this allowance.
R10,000,000 - Foreign Investment
Allowance As a resident, you may also use this R10 000 000 allowance per calendar year. A tax clearance is required from SARS. This tax clearance is associated with the Foreign Investment Allowance and differs from a normal ‘good standing’ tax clearance.
You may also transfer funds abroad more than these allowances. Please contact us for more information.
The minimum requirement for transferring funds is that you must be in possession of a green bar-coded ID document or the latest ID card.
For UK accounts, we can offer guidance on how to open a online account. for other countries, they may allow you to open bank accounts online, and would recommend researching it using the foreign bank’s website for more information.