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from WBForex - Specialists in currency transfers out of South African
Transferring funds out of SA does not have to be complex.
At WBForex you will find a simplified and friendly solution to transferring funds abroad whilst giving you the security of bank to bank service at bank beating rates.
Here’s What You’ll Get with Us
Here’s what people are saying about the WBForex
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How it works
Frequently Asked Questions
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.
The only fee you will pay is the bank transfer fee of R250 per transaction irrespective of the amount. This is the normal bank transfer fee. WB Forex service is free.
The only fee you will pay is the bank transfer fee of R250 per transaction irrespective of the amount. This is the normal bank transfer fee. WB Forex service is free.