Apply In-Person:

1. To Open Individual Bank Account, the applicant has to approach the respective bank where the applicant intends to open an account.
2. An application form will be provided to the applicant by the concerned officer.
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach photocopies of the required documents along with the application form while submitting it.
6. Submit all the documents with the completed form to the concerned officer.
7. The applicant has to pay the prescribed fee as requested by the authority.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. All applications are processed within a reasonable time, having regard to the particular circumstances of each application, including the completeness of information and documents submitted to the authority by the applicant.
10. The authority may seek additional information from an applicant if this is necessary to assess the application.
11. This entire process can be completed within 10 days or as per the timeline advised by the respective department authority.

• Completed application form
• Passport
• Work or study permit, or documents proving your right to be in South Africa
• Proof of address such as a Utility bill
• Minimum deposit
• Banking history documents, such as old bank statements

SOUTH AFRICAN RESERVE BANK
370 Helen Joseph Street,
Pretoria, 0002
P O Box 427,
Pretoria, 0001
Telephone: +27 12 313 3911 / +27 86 112 7272
Email: PA-Info@resbank.co.za, SARB-PA@resbank.co.za
Contact link

• Any person who intends Open Individual Bank Account is eligible to make this application.

• The applicant has to pay the prescribed fee as per the authority’s request.

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Please attach documents that can be used by people. e.g. links

Please attach sample completed documents that would help other people.

• This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

• Name of the applicant
• Address
• Email
• Telephone
• Date of birth
• Sex
• Occupation
• Citizenship

• A Individual account is an account for use by an individual for that person's own needs. It is a relative term to differentiate them from those accounts for business or corporate use.

• Individual Savings Account, is a savings account that the applicant never pay any tax on. It does come with one restriction, which is the amount of money the applicant can save or invest in an ISA in a single tax year – also known as the applicant’s annual ISA allowance.

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

Link

Top Banks in South Africa

• Standard Bank: being one of the largest in South Africa and having a rather long history of banking outside of the country, Standard bank offers a quality selection of services tailored to foreigners.
• Absa: This is one of South Africa's largest banks and as such has a full stack of products available to those seeking everyday banking. They have accounts for youths and students, travel accounts and multi-currency accounts which come with standards such as low monthly fees (waived in many cases) and debit cards.
• Capitec: With over 700 branches and thousands of ATMs and more if the applicant includes partner networks, Capitec is a full-service bank with offers for non-residents too.
• Nedbank: this bank has a wide selection of products for both residents and non-residents. What makes it interesting is that loans are available to non-residents such as mortgages and car loans. They also have a full selection of banking services for investors and wealth management.