If they do not know it they can ask their bank for assistance. For examples of the IBAN format of the various countries, please see below: You will need to provide the sender with: Once your money has arrived in South Africa, you have up to 30 days from receipt of transfer to convert it into rand. When the money reaches Standard Bank, we will contact you in order to get the relevant exchange control information from you and release the funds.
It is important that we have your correct and most recent contact information. If we cannot get hold of you within 30 days we have to send the money back. If you are living in another country or you receive funds regularly from the same source you may give us an instruction to convert the funds as soon as they arrive at Standard Bank.
The sender may choose one of three ways that the fees are paid. Bank wherever you are. Features and benefits It is a secure method, as transactions are authenticated and funds are transferred directly between banks. Ideal for all payments for goods and services, gifts, investing abroad and travel but requires full account details of the beneficiary.
The South African Reserve Bank allows you to open an account abroad to transfer the money to, provided any unused portion is returned to South Africa. Sending money Apart from relevant documents, you will need to provide your beneficiaries details and bank account details if applicable as well as a routing number, sorting code or IBAN number, to ensure that the funds reach the correct destination.
Costs involved The sender may choose one of three ways that the fees are paid Share: Work with us Join our international team and you could move your career forward from the start. The Banking App Safer payments.More...