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After having too much trouble with FNB in money transfers (last transfer took over 2 weeks and countless emails and complaints) I have been advised by a well known FX and Cross Border Tax consultant to rather use https://currencyassist.co.za/#investing-offshore

They can open a foreign bank account for you via Mercantile, a subsidiary of Capitec at no cost and will move any amount of money back and forth at the best rates possible and in the shortest time. Same day rates so you can take advantage of FX movements.

Thank you, I will gladly assist from Currency Assist side. Being ex FNB I suggest the FNB Channel Island account more efficient as its truly outside SA. The Global account is local account in foreign denomination

Also note that Mercantile has been fully taken over and recapitalised by Capitec


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