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How Do I Transfer

With Incompass, transferring your funds in or out of South Africa could not be easier. Our process is designed to ensure minimum hassle for you but with the maximum benefits.
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To experience better rates, save money and experience a first class service register for free with Incompass Forex today for all your money transfers, currency exchange and foreign exchange services and advice.
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Save Money

Yes you can save money on your currency transfers in and out of South Africa. The options for transferring money in and out of South Africa are no longer restricted to the high street banks that most individuals and companies have traditionally used.
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Advice

There are various options for transferring money to and from South Africa with the vast majority of money transfers being conducted by either banks and relatively few still by currency transfer specialists.
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Personal

Whether transferring money in or out of South Africa Incompass Forex is able to help. Access advice, no administration fees and top rates.
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Business

As a company, exposed to foreign exchange, you will be already aware that a small fluctuation in the exchange rate received can make a profound difference in the amount that ends up in your bank account.
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Get Money out of SA – Move money out of South Africa

South Africa has in place exchange control regulations so to get money out of South Africa has never been a simple as just effecting a bank transfer. Moving rands abroad therefore requires approval from the reserve bank or an authorised dealer acting on there behalf.

There are a number of allowances that allow you to get money out of South Africa and move your rands abroad:
  • Annual foreign investment allowance – available to all South African adult citizens or permanent residency holders over the age of 18. The annual limit is R4 million per year per person
  • Discretionary allowances, the below cannot on their own or together exceed the limit of R1 million per year:
    • Annual Holiday allowance – in addition to the R1 million per adult an allowance of R200,000 per minor per year is allowable.
    • Gift allowance – restricted by discretionary allowance of R1 million per year
    • Study – restricted by the discretionary allowance of R1 million per year
  • Emigrants allowance of R4 million once off per adult or R8 million per family unit

Incompass Forex offers you:
  • Advise on the best way to get your money out of South Africa
  • The best exchange rate for moving your South African rand
  • Full assistance with tax clearance and exchange control approval
  • Superior service levels and expert knowledge

If you are moving abroad and want to know more about the best way to get money out of South Africa and move your rands abroad contact Incompass Forex now on 0861 422 433 during office hours or request call back here.