FNB Non-Resident Current Account

Designed for individuals who seek a premium, seamless banking experience, supported by dedicated experts to build, grow and manage their wealth in South Africa from anywhere in the world.

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Do more with your account

Manage, spend and stay in control of your rand account from anywhere in the world.

Bank

Manage your rand account from anywhere. Receive local income and international funds, accept competitive exchange rates, and check balances and download statements via the FNB App and online banking.

Spend

Pay by debit card in South Africa, withdraw rands at FNB ATMs or retail partners, and make local payments, scheduled payments and debit orders. Send international payments via SWIFT on the FNB App and online banking.

Service channels

Manage your money securely with the FNB App and online banking. Get support through Secure Chat® 24/7, the Non-resident centre or branches across South Africa, plus a dedicated Private Advisor with the Non-Resident Private Offering.

What you'll be paying

Select a pricing option that is tailored to your South African banking needs. Choose between a premium solution for your wealth needs or standard pricing for everyday banking, both with fixed monthly fees.

R450 p.m.

Unlimited private bundle — a premium, personalised banking solution.

R195 p.m.

Unlimited — designed for standard banking needs.

Managing your account

Your FNB Non-Resident Current Account is governed by regulations set out by the South African Reserve Bank (SARB). Your account can be funded through the following methods.

Foreign currency deposits

Fund your account with foreign currency deposits.

Non-resident account payments

Payments from other non-resident accounts.

Re-deposits

Re-deposits of funds previously withdrawn from the account.

Permissible ZAR deposits

Permissible South African rand (ZAR) deposits in line with the currency and exchanges manual issued by the SARB.

FAQs

Still have unanswered questions? Refer to our FAQs guide for a better understanding.

Who is a non-resident?

An individual whose normal place of residence, domicile is outside the borders of South Africa.

Must I be in South Africa to open the account?

No, you can open the account via the Non-resident centre if outside of country.

What is the minimum age to open an account?

You must be 18 years or older to qualify.

Can non-residents open investment accounts?

Yes, non-residents are eligible to invest in FNB's range of investment products.

Must I complete the Waiver and indemnity form?

No, it is not compulsory to complete an electronic Waiver and indemnity form. However, should you require the Non-resident centre to perform any transaction or maintenance on your behalf, a signed Waiver and indemnity form will be required. The FNB App and Online Banking are available for you to perform transactions by yourself.

Can I use my account card abroad?

No, the debit card can only be used within the borders of South Africa.

Can a CMA individual open an account?

Yes, they can, provided that they are not residing and working in South Africa.

Can I qualify for a Home Loan as a non-resident?

Yes, a non-resident can qualify for a home loan with FNB, provided they meet specific criteria including a 50% deposit from foreign funds and income requirements.

How must the non-resident account be funded?

The account to be funded in foreign currency, Payments from other non-resident account, re-deposits of funds previously withdrawn from the account as well as permissible South African rand (ZAR) deposits in line with the Currency and Exchanges Manual issued by the SARB. Common permissible includes but are not limited to rental income, pension payout, dividends, etc.

What happens with ZAR deposits into my account?

South African Rand (ZAR) deposits to the non-resident account will be placed on hold, and you will need to provide appropriate source of funds documentation to Transactionsnonres@fnb.co.za, in order for the funds to be released into your account.

Can a non-resident RSA ID holder open an account?

Yes, an RSA ID holder can open a Non-Tax Resident account, however, to qualify for the account you must have formalised your financial emigration, and the following supporting documents will be required such as the MP336(b) form submitted to the SARB if you have formalised your emigration Prior to March 2021 and Post March 2021 the TCS Pin letter will be required.

Your compliance partner

Our Non-resident team is here to make your banking experience seamless and compliant.

Our Non-resident team will guide you with the required documentation, verification of your source of funds, and the release of ZAR deposits into your account.

Please note: South African Rand (ZAR) deposits to the FNB Non-Resident Current Account will require the appropriate source of funds documentation to be provided in order for the funds to be released into your account.

How to open an account

Convenient options are available for opening an FNB non-resident account, whether you are currently in South Africa or abroad.

If you are in South Africa: Visit any FNB branch nationwide and our team will assist you with opening your non-resident account.

If you are outside of South Africa: Email the Non-resident centre at nonres@fnb.co.za and a consultant will guide you through the account opening process remotely.

Banking made easy

Your FNB Non-Resident Current Account keeps you in control of your rand account from anywhere in the world.

FNB App

Online banking

Non-resident centre

Branch

Qualifying criteria

•Criteria for non-residents: Must be a non-resident

•Must be 18 years of age or older

•Must have a valid passport

•A valid entry stamp is required for non-residents onboarded in-country

•Criteria for Non-Tax Residents: Must have financially emigrated (Before March 2021 - evidence of MP336(b) form submitted to SARB; After March 2021 - TCS Pin letter)

•Green barcoded identity document or smart identity card

Required documents

•If in South Africa: Valid passport with entry stamp

•Forms: Non-resident declaration, Waiver and Indemnity (optional), Self-Certification Form, FATCA (USA citizens only)

•If outside South Africa: Certified copy of a valid passport

•Forms (notarised): Non-resident declaration, Waiver and Indemnity (optional), Self-Certification Form, FATCA (USA citizens only)

•For non-tax residents: South African ID, proof of address abroad (not older than 3 months), Tax Compliance Status (TCS) Pin Letter/MP336(B)

Tailored banking for non-residents

Leave your details and one of our Non-resident centre specialists will call you back.

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Need to know more or want to start the process? Let us call you back.

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To follow up on this query, please contact us on 087 736 2247

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Get in touch

From outside South Africa +27 11 352 5025

From within South Africa 0860 136 739

Email us at nonres@fnb.co.za

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