The travel allowance granted by the South African Reserve Bank forms part of the annual R1M Discretionary Allowance.

Private individuals may utilize the below travel allowances per calendar year:

R 1,000,000 per adult
R 200,000 per child

Requirements are as follows:

• Copy of the flight ticket or e-ticket
• Declaration stating that you have not utilised your travel allowance through any other financial institution during the current calendar year

A travel allowance may be transferred directly by wire transfer into an overseas bank account in the name of the traveller (we can also assist clients with opening overseas bank accounts)

It is possible to call for more funds using your travel allowances even once you have left South Africa and are travelling abroad.

We are also able to offer foreign cash, travellers cheques and bank drafts although the client will need to go into our authorised dealer bank to collect and sign for these.