Banking in South Africa

South Africa’s banking system is sophisticated, and electronic banking is well established. All the major banks offer a broad range of services, including internet banking. There are a great many ATMs (Automatic Teller Machines) situated throughout the country. Cash withdrawals,inter-bank transfers, account payments can all be made at ATMs. When selecting a bank it is advisable to select one of South Africa’s well-established national banks with international affiliations.

If the company you are transferring to has a locally established banking relationship, it is recommended that you have your personal account with the same bank.

The major retail banks in South Africa are: