First National Bank is proud to be the first South African Bank to offer Global Accounts, available to RMB Private Bank clients, on their South African banking profiles. 

FNB Global Accounts are managed via RMB Private Bank Online Banking and are offered in 9 currencies namely US Dollars, British Pounds, Australian Dollars, Euros, Indian Rupees, Swiss Franc, Canadian Dollar, United Arab Emirates Dirham and Chinese Renminbi.

Now that you have opened your Global Account, you have completed the first step in the process of moving funds offshore in the most efficient and effective manner possible. 

Option 1: Transfer funds from your RMB Private Bank Cheque Account to your Global Account

• Login to RMB Online Banking and follow the steps as prompted under the "transfer" tab.
• Documentation required when transferring from your RMB Private Bank Cheque Account to the Global Account, for exchange control purposes include:
  
  • - If using your R1million Single Discretionary Allowance: No other documentation required.
    Note: You may be asked for a copy of your green bar-coded ID book or smart ID if we do not have records of this document.
  • - If using your R10million Foreign Investment Allowance: Tax Clearance Certificate (referred to as FIA-001) can be obtained from SARS.

In the event that you would like to move foreign currency into your FNB Global Account in terms of the individual foreign investment allowance of R10 million, we are able to assist you with the tax clearance process at no extra cost.

• Bank – FirstRand/FNB/RMB
• Swift Code - FIRNZAJJXXX
• Branch Code – provide your six digit branch code
• Global Account Number – provide your Global Account number

• No monthly maintenance fees
• No minimum balance required
• Collect additional eBucks* Reward points by maintaining the minimum currency balance on your Global Account
• Earn interest**
• Make payments abroad
• Earnings from abroad can be paid directly into your Global Account(s)
• Transfer funds between your Global Account and RMB Private Banking Cheque Account as well as between your Global Accounts
• Manage your Global Account(s) online
• Transfer your savings from your Global Account to your Multi-currency Cash Passport before you travel

Should you require more information or assistance with funding, simply contact the Forex Advisory Team on 0860 4 FOREX (36739).

* Subject to standard eBucks earn rules. For more information, please visit the eBucks website or contact your RMB Private Banker. 
** Subject to change without prior notice. Rates available the RMB Private Bank website.