Travel Allowance

South African Residents are entitled to a travel allowance of R1 million per adult and R200,000 per child under 18 years of age. South Africans wishing to utilise their travel allowance must be travelling and an air ticket is normally required when using this allowance.

FX Capital can assist South Africans wanting to use their travel allowance to make foreign payments by making EFT payments into an overseas account in the name of the traveler.

Contact us for the best exchange rates and low transaction fees and assistance in opening offshore bank accounts.