October 25

Transferring Money from SA: R1 Million Allowance


Transferring Money from SA: R1 Million Allowance

Transferring Money out of South Africa!!


Transferring money from SA? December 27th is the last day to make use of your R1M Annual Transfer Allowance.

Every South African Citizen is allowed to transfer R1M per year out of South Africa. This runs on a calendar year from 1st January to 31st December every year.

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. 

In order to transfer funds abroad under this allowance, WB Forex will need to open a transfer account in your name, which will require your SA ID number and SA Tax number.

Don’t know where to start? 

•WB Forex will help you open a transfer account in South Africa.

•Once opened, EFT funds into your transfer account.

•Funds clear next working day and we check the rates and advise you.

•If you are happy to proceed, you issue the go-ahead.

•Funds clear the next working day into your UK account.

If you are ready to transfer money out of South Africa or have any questions, email WhiteBirch now at admin@wbforex.com – with dedicated account managers in UK and SA

WhiteBirch Group


Head Office UK: +44 (0) 207 018 8552

Trading desk in Hartley Wintney (UK) & Pretoria (SA)

WhatsApp: +44 (0) 790 893 3594

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