COMPANY SET-UP
Banking & FOREX
From Accounts to Approvals
General
Banking in South Africa is partly more modern and easier to handle than in most industrialised nations. Thanks to visionaries like Michael Jordaan, former CEO of FNB, electronic banking has taken a quantum leap with services and transfer possibilities as well as applications that truly show the spirit of the 21st century. BUT opening a bank account, the last frontier to the above universe of opportunities – seems as ancient as trying to deposit gold bars in the Antique. The catalogue of documents and requirements is endless and red tape and incompetence at the first port of call for the banking world are still a more than regular phenomenon. Into SA assists with the preparation and compilation of each banking application as well as with the selection and liaison with an adequate branch for the client.
Into SA has teamed up with qualified bankers at financial institutions, which are experienced and renowned for their excellence in cross-border financial transactions, such as Mercantile Bank, Capitec and SecureFX as the general banks like FNB, Standard, Nedbank or ABSA lack experience and dedication in this regard and are often the cause for future problems of repatriation of capital or international creditor payments.
Banking Products
Through our network of commercial and investment banks INTO SA clients have access to the following banking products currently on offer in South Africa. Please enquire about similar products for other sub-Sahara African countries:
- Current, cheque and savings accounts
- Fixed deposit and transmission accounts
- Foreign currency accounts
- Credit cards, debit cards and petrol cards
- Back-to back financial guarantees
- Credit Card facilities
FOREX
Into SA shows years of experience in the field of foreign investments into Africa and predominantly into South Africa. Far-sighted investment planning in cooperation with the local Central Banks is essential in order to avoid problems, which can arise in relation to future capital transfers. These issues are rooted in the legal restrictions still applicable to foreign exchange transactions in a variety of African countries.