Savings to smile about.

Savings to smile about.

Category Property News

If you're a foreign buyer purchasing property in South Africa and need to move money to SA, Currencies Direct can eliminate the hassle and help you make serious savings. Work with their expert team and benefit from exceptional exchange rates, no transfer fees and tailored services.

Save time and money on your currency transfers

If you need to move money out of or into South Africa to fund a property purchase or sale and want to get the best possible return, Currencies Direct can help.

We've been helping individuals and businesses save time and money on their international payments since 1996 and pride ourselves on providing a level of support you can't get anywhere else.

Making your money go further

The volume of currency we buy and sell means we're able to offer highly competitive exchange rates, helping you make great savings.

Our team of currency experts are also on hand to keep you up to date with the latest market movements, so you can pick the right time to move your money.

With us you'll receive daily market updates straight to your inbox, and benefit from monthly rand and economic insights delivered by Dr Roelof Botha.

We can also help you counter currency volatility with services like forward contracts (where you can fix the rate ahead of making a transfer) and limit orders (where you can target an exchange rate stronger than the current market level).

Specialist support

Every currency transfer is different and moving funds into or out of South Africa can be challenging, but our team are here to take care of all the red tape - whether that means queuing up at the local SARS office or completing/sending your exchange control submissions.

We also provide free SARS tax clearances, with no hidden costs or commission.

If you're buying a property in South Africa with foreign currency or selling a property in South Africa and sending the funds overseas, some of the services below might be of interest.

Sending funds out of South Africa

Moving money from South Africa to an international bank account can be quite a challenge if you were born in the nation and have since left, but we can take the hassle out of the process.

Annual allowance

If you want to use your annual discretionary allowance (R1m per calendar year) we can make sure your transfer goes through at excellent exchange rates, with no fees. South African's only need a registered tax number to utilise their annual R1m allowance.

Investing offshore

Whether you're investing in a property, a business venture or a foreign asset, we can guide you through the necessary paperwork, obtain your tax clearance and ensure you pick the right time to make your transfer.

R11m + transfers

Transfers of R11m+ aren't a standard allowance, but if you have everything in order it is possible to make a transfer of over R11m with the support of our expert team.

Trusts

It can be tricky to move money into or out of a Trust these days, but with us you can navigate the different challenges and paperwork linked to Trusts and their recipients.

What else do you need to know about us?

We're part of a group with 550+ currency experts and over 25 global offices across 4 continents.

We transfer R157bn a year, and support more than 430,000 customers.

Our Trustpilot rating - Excellent, with 4.9 out of 5 stars - is one of the best in the industry and over 97% of our customers would recommend us.

Here's a recent review from one of our customers:

Great Service - Naledi

'I used the South African branch. The service I've received has been polite and professional with responses to emails coming through within the hour. Overall it took about 5 days from getting my ID and documents verified for opening the account in SA, to receiving the money in my British account. The rate given on the day of the transfer was better than that quoted when I was enquiring about the services so I was very pleased. I will continue to use Currencies Direct for my transfers. Thank you to all involved.'

We also have a level 1 credit rating with Dun & Bradstreet and have won a number of awards, including MoneyAge Money Transfer Provider of the Year three times.

Currencies Direct Ltd is authorised by the FCA as an Electronic Money Institution (EMI) and Currencies Direct External Profit Company, registration number 2011/117232/10 is an accredited FSP (43493) with the Financial Sector Conduct Authority (FSCA) and a Primary Accountable Institution registered with the FIC.

Our client funds are held in a separate personalised interest-bearing account with a SARB approved Authorised Dealer Bank.

For more information about getting the best return on your currency transfers email
info@currenciesdirect.com.

Author: Currencies Direct