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Make international payments

Sending money abroad is quick and easy with the award-winning Nedbank Private Wealth app and Online Banking platform.

Make international payments quickly and easily
You can now make international payments in over 25 different currencies from your personal Nedbank Private Wealth current account to an offshore account. It's quick, easy and secure on our Private Wealth app and Online Banking platform. You can use your annual R1 million single discretionary allowance or your foreign investment allowance, or simply provide supporting documents in line with exchange control requirements to make payments.

Benefits of using our digital platforms for your outward international payments

  • Lower transaction fees
  • Faster processing time
  • 24/7 service availability*

Terms and conditions apply.
 

* You can submit transactions on any day (ie weekdays, weekends and public holidays). Transactions submitted after business hours will be processed only on the next business day.
 

New exciting features on the Nedbank Private Wealth app and Online Banking site
  • Save international beneficiaries whom you pay regularly.
  • Share proof of payment notifications with your beneficiaries.

Click here to find out how to use these features.

Click here for a summary of the benefits of using our app or Online Banking platform for your international payments.

 

How it works
  • Via the app: Log in and tap Transact > Payment at the bottom.
  • Via Online Banking: Log in and click on Transact > International payments.
  • Then select Make an international payment and follow these simple steps to complete your payment:
    • Enter the beneficiary details.
      • Name, surname and address.
      • Account number.
      • The SWIFT code or IBAN number, depending on the region where the payment is being made. The beneficiary can ask their bank for this number.
    • Select the reason for the payment.
      • SDA BOP code: No documents required.
      • Non-SDA BOP code: Upload supporting documents.
    • Enter the amount in rand or the international currency.
    • Accept or decline the quotation**.
      • If you decline the quote, the payment details will be saved in the View international payments history tab under Saved payments for easy access to receive another quote.

    ** If you accept the quote, the transaction will be processed and you will be bound by the terms and conditions as well as applicable charges.

    You can also save the transaction and complete it at a later stage and view your international payments history for all settled, in-progress and saved transactions.

  

Please note:

  • This service is available to South African residents with a South African ID.
  • Transactions can be completed only from your Nedbank Private Wealth personal current account.
  • Exchange control regulations apply.
  • Click here for a summary of the available balance of payments categories.
  • We reserve the right to decline or cancel a transaction if it will result in a breach of exchange control regulations or other laws.

 

Want to know more? Here's what to do:
 

  • Contact your wealth manager or stockbroker.
  • To find out more about our international offering, click here.
  • If you're interested in what we can offer you, we would love to hear from you. You can contact us on 0800 111 263, or complete an online contact form.

 

Additional Information

Nedbank Private Wealth app

Click here

Manage your wealth on your mobile.

Foreign exchange services

Click here

Receive international payments

Click here

With our award-winning app and Online Banking platform it is now simpler, cheaper and more convenient to transact internationally.

International transfers to your Focus Account

Download our handy infographic.


Your feedback matters

Please take a moment to give us your suggestions

Give us your suggestions.

Contact us

0800 111 263
contact@nedbankprivatewealth.co.za
Call me back

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Interested in joining
Nedbank Private Wealth?

Become a client today

Useful links & Contacts

Your feedback matters

Please take a moment to give us your suggestions

Give us your suggestions.

Contact us

0800 111 263
contact@nedbankprivatewealth.co.za
Call me back

Important Links

Disclaimer
Legal
FICA
FATCA/CRS
Fraud awareness
Depositor insurance

Legal notices
Client feedback
Privacy policy
LinkedIn
Facebook
Twitter
Instagram
YouTube

Nedbank Private Wealth includes the following entities: Nedbank Ltd Reg No 1951/000009/06 (NCRCP16) (FSP9363) | Nedgroup Private Wealth (Pty) Ltd Reg No 1997/009637/01 (FSP828) | Nedgroup Private Wealth Stockbrokers (Pty) Ltd Reg No 1996/015589/07 (NCRCP59) (FSP50399), a member of the JSE. Please note that our calls may be recorded.

Nedbank Private Wealth includes the following entities: Nedbank Ltd Reg No 1951/000009/06 (NCRCP16) (FSP9363) | Nedgroup Private Wealth (Pty) Ltd Reg No 1997/009637/01 (FSP828) | Nedgroup Private Wealth Stockbrokers (Pty) Ltd Reg No 1996/015589/07 (NCRCP59) (FSP50399), a member of the JSE. Please note that our calls may be recorded.

Nedbank Private Wealth app

Click here

Manage your wealth on your mobile.

Foreign exchange services

Click here

Receive international payments

Click here

With our award-winning app and Online Banking platform it is now simpler, cheaper and more convenient to transact internationally.

International transfers to your Focus Account

Download our handy infographic.

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