Foreign Currency Accounts South Africa - Merchant West
Hold and Manage Funds in Major Currencies
Merchant West Treasury Solutions offers specialised foreign currency accounts for South Africans looking to:
- Diversify holdings across USD, EUR, GBP and other major currencies.
- Protect against currency volatility.
- Manage funds offshore in a secure, SARB-compliant environment.
Whether you’re making international payments or preparing for future opportunities, our team provides expert guidance and ensures full compliance with South African Reserve Bank regulations.
Hold and Manage Funds in Major Currencies
Merchant West Treasury Solutions offers specialised foreign currency accounts for South Africans looking to:
- Diversify holdings across USD, EUR, GBP and other major currencies.
- Protect against currency volatility.
- Manage funds offshore in a secure, SARB-compliant environment.
Whether you’re making international payments or preparing for future opportunities, our team provides expert guidance and ensures full compliance with South African Reserve Bank regulations.
Benefits of a Foreign Currency Account
Multi-Currency Flexibility
Hold accounts in USD, EUR, GBP, and most other major global currencies.
Manage Currency Risk
Shield yourself from exchange rate volatility by keeping funds in the currency you plan to use.
SARB-Compliant
All accounts are aligned with South African exchange control rules, ensuring peace of mind.
Transparent Fees
Clear fee structures with no hidden charges.
How Clients Use Foreign Currency Accounts
Example 1 - Preparing for Future Investments
A client wants to move ZAR into USD while considering long-term investment options. A USD foreign currency account allows them to hold funds securely, earn interest, and decide on timing later.
Example 2 - Protecting Purchasing Power for a Property Abroad
A client planning to buy a property in Europe can transfer ZAR into EUR at today’s exchange rate, holding it safely until the purchase is finalised. This protects them from future Rand depreciation.
Frequently Asked Questions - Foreign Currency Accounts
Our accounts are available to South African individuals who wish to hold funds offshore in major currencies.
Accounts are offered in USD, EUR, GBP, and most other major currencies.
Yes. Transactions must comply with SARB exchange control allowances and documentation requirements. Our consultants guide you through these limits.
Yes. Balances in major currencies can earn interest, depending on the account structure and market rates.
Merchant West ensures that your account setup and transactions are fully aligned with exchange control regulations.
Simply contact us. We’ll guide you through documentation, account setup, and ongoing management.
Choosing Between a Foreign Currency Account, a Corporate Cash Manager, and a Mauritius CCM
Merchant West offers different solutions depending on your goals:
Foreign Currency Account (South Africa):
Hold funds in major currencies (USD, EUR, GBP, etc.) within South Africa. Perfect if you’re planning international payments, want to protect against Rand volatility, or prefer to diversify while keeping funds easily accessible.
Corporate Cash Manager (South Africa):
An interest-bearing Rand account designed for surplus ZAR balances. Ideal for short-term cash management and liquidity while still earning returns.
Mauritius Corporate Cash Manager (Offshore):
For those wanting to move funds fully offshore, the Mauritius CCM provides call accounts and term deposits in USD, EUR, or GBP. Suitable for offshore savings and global financial planning.
Secure, Compliant & Competitive Treasury Solutions
Get Started with a Foreign Currency Account
Open a SARB-compliant account in USD, EUR, GBP or other major currencies today. Our experts will walk you through the process and provide ongoing support.