Making and receiving international payments
Money app and Online Banking
To receive an international payment, confirm the exchange rate and upload the relevant exchange control documentation.
Outgoing international payments is coming soon to Money app and Online Banking.
NedTreasury is ideal for high-volume users and clients using our business electronic banking channels (Nedbank Business Hub and NetBank Business).
NedTreasury is specifically designed to facilitate cross-border transactions, and to manage exchange rates and flows in and out of your customer foreign currency (CFC) account.
Our Global Trade desk helps manage efficient payments, clearing and trade mechanisms to manage crossborder trade risk.
For guidance on more complex transactions, or to process a payment manually, our Global Trade desk is available to quote exchange rates and process your payment.
International travel solutions
Foreign bank notes
If you are travelling for business, you can order your foreign bank notes online and have them conveniently delivered to your business.
Prepurchase up to eight diﬀerent foreign currencies and transact securely and more cost-eﬃciently while travelling outside of South Africa.
Specialist cross-border services
Customer foreign currency (CFC) account
Our CFC account is available in all major currencies. Make and receive payments using foreign currency without the need to exchange funds into rands.
Ideally suited for:
- import and export focused businesses.
- businesses operating in the tourism sector.
- service providers with an international client base.
Are you seeking to import goods? You will likely require a letter of credit from your bank as assurance to the sender that goods will be paid on delivery.
- Remove the risk associated with non-payment of the obligations taken on.
- Guarantee payment to a third party without committing funds upfront.
- Guarantees are flexible in terms of the client's conditions.