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Financial planning

Overview


Best Foreign Exchange Provider in Africa 2024


FNB has been awarded as the Best Foreign Exchange Provider in South Africa for the eighth year in a row in the annual World's Best Foreign Exchange Provider awards hosted by the Global Finance Awards.

The winners were selected from 87 countries globally using a criteria which included, but not limited to, transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance magazine also considered input from industry analysts, corporate executives and technology specialists.

Find a branch


Fees, limits, rules and pricing


Forex Pricing Guide

View South African Exchange Control Requirements

Fees and Limits from Mastercard®

Important information


Cash Passport™ is issued by The Mauritius Commercial Bank Limited pursuant to license by Mastercard Asia/Pacific Pte. Ltd. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Important information


  • Not all countries or merchants have Chip and PIN technology. Please refer to www.cashpassport.co.za before you leave. You can access this information on the 'Before You Go' tab and select the country you are travelling to.
  • The Card can only be used outside the Common Monetary Area (CMA) being South Africa, Lesotho, Swaziland and Namibia. In addition, there may be some other countries where usage of the Card is prohibited. Please verify this list of prohibited countries at www.cashpassport.com/multi .
  • The Card does not generate any interest or any other similar return. You do not earn interest on the amount standing to the credit of the Multi-currency Cash Passport funds, accessed by the Card.
  • Report lost or stolen Card immediately.
  • Card can only be used by the beneficiary.

South African Exchange Control Requirements


  • A South African resident over the age of 18 is entitled to a Single Discretionary Allowance of up to R1 million per calendar year. The Single Discretionary Allowance covers the following reasons: travel, gifts, donations, alimony, foreign investments, maintenance, study allowance, wedding expenses and other special occasions.
  • Single Discretionary Allowance is valid for a calendar year (1 January - 31 December).
  • South African residents travelling abroad whose journey extends to the next calendar year may avail of the next year's allowance in the new calendar year without having to return to South Africa
  • Foreign currency for travel purposes may not be bought more than 60 days prior to your departure.
  • Any unutilised portion of a travel allowance must be resold to an Authorised Dealer within 30 days of your return. You may however, reapply for the unused portion of your discretionary allowance at any time during the calendar year.
  • Children under the age of 18 years qualify for a travel allowance of R200 000 per calendar year. For travel purposes, a valid travel document must be presented, indicating that the journey commences from South Africa. Allowance may not be issued more than 60 days prior to departure.
  • The costs of land arrangements (hotels, cruises, tours, etc.) are deductible from a travel allowance, except the payment of airfares in Rands.
  • In addition, each traveller may take R25 000 in South African Reserve bank notes when visiting abroad.
  • Where the insurance value of your personal belongings, not for sale, exceeds R50 000, you will need a NEP form attested by a bank or by Customs and Excise. Please enquire at your nearest FNB branch should you need this form.
  • Multi-currency Cash Passport is issued by Travelex Card Services Limited, pursuant to license by Mastercard® Asia/Pacific Pte. Ltd. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.

Rules for South African residents travelling abroad


  • Foreign currency for travel purposes may not be bought more than 60 days prior to the departure of the traveller.
  • Travel allowance covers a calendar year (1 January - 31 December)
  • Any unutilised portion of a travel allowance must be resold to an authorised dealer within 30 days of your return. You may however, reapply for the unused portion of your discretionary allowance at any time during the calendar year.
  • A South African resident over the age of 18 is entitled to a single discretionary allowance of up to R1 million per calendar year. The single discretionary allowance may be used for any legal purpose abroad (including for investment purposes). This dispensation may be utilised solely at the discretion of the resident without any documentary evidence having to be produced to the authorised dealer except for travel purposes outside the Common Monetary Area where a passenger ticket needs to be produced.
  • Children under the age of 18 years qualify for a travel allowance of R200 000 per calendar year. For travel purposes, a valid travel document must be presented, indicating that the journey commences from South Africa. Allowance may not be issued more than 60 days prior to departure.
  • The costs of land arrangements (hotels, cruises, tours, etc.) are deductible from a travel allowance, except the payment of airfares in rands.
  • In addition, each traveller may take R25 000 in South African Reserve Bank bank notes when visiting abroad.
  • Where the insurance value of your personal belongings not for sale, exceeds R50 000, you will need a NEP form attested by a bank or by Customs and Excise. Please enquire at your nearest FNB branch should you need this form.

Available currencies


  • US Dollars (USD)
  • British pounds (GBP)
  • Euros (EUR)
  • Australian Dollars (AUD)
  • United Emirates Dirhams (AED)
  • Canadian Dollars (CAD)
  • New Zealand Dollars (NZD)

Qualifying criteria


  1. FNB Online Banking
  2. FNB qualifying account

Documents needed


  • Your passport
  • Proof of travel, e.g. air ticket

What this offers


  • An easy payment option while travelling abroad
  • Control over how much you spend
  • Easily load USD, AUD, EUR, GBP, AED, CAD and NZD all on one card
  • Avoid those pesky currency fluctuations by loading funds before you travel*
  • Protection of your personal information; because the card is not linked to your bank account
  • Pay no transaction fees when you pay for goods and services at merchants displaying the Mastercard acceptance mark
  • Move money safely and conveniently between currencies, check balances and view your transactions anytime when you download the Multi-currency Cash Passport™ mobile app, or login via the Multi-currency Cash Passport™ website: www.cashpassport.com/multi
  • The card is chip and PIN enabled; providing security with your transactions
  • FREE replacement services for lost and stolen cards; as well as 24 hour global assistance

*Foreign currency for travel purposes may not be bought more than 60 days prior to your departure.

What you can do online


  • Order various currencies in cash and select the denominations you need
  • Order and load a new Multi-currency Cash Passport™ in any of the seven* major currencies available on the card; US dollars, Australian dollars, euros or dounds
  • Top up your funds by reloading your existing Multi-currency Cash Passport™ before you go and you can even do it while you are travelling
  • You can use the currency saved in your FNB Global Account and transfer the funds onto your Multi-currency Cash Passport™.

Quick and easy


  • Simply upload supporting documents with your application and you are ready to go.
  • Did you know we can deliver your forex to you? Simply select 'Delivery' when you order forex online. If you prefer, you can collect from your nearest FNB branch.

Tips from Mastercard


Important information from Mastercard

  • Not all countries or merchants have Chip and PIN technology. Please refer to www.cashpassport.co.za before you leave. You can access this information on the 'Before You Go' tab and select the country you are travelling to.
  • The card can only be used outside the Common Monetary Area (South Africa, Lesotho, Swaziland and Namibia). In addition, there may be some other countries where usage of the card is prohibited. Please verify this list of prohibited countries at www.cashpassport.co.za.
  • The card does not generate any interest or any other similar return. You do not earn interest on the amount standing to the credit of the Multi-currency Cash Passport™ funds, accessed by the card.
  • Report lost or stolen card immediately.
  • Card can only be used by the beneficiary.

Terms, conditions, limits and fees from Mastercard

 

Cash Passport™ is issued by The Mauritius Commercial Bank Limited pursuant to license by Mastercard Asia/Pacific Pte. Ltd. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Legal


Cash Passport™ is issued by The Mauritius Commercial Bank Limited pursuant to license by Mastercard Asia/Pacific Pte. Ltd. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Load + reload the Multi-currency Cash Passport™ online


Have a Cash Passport

Don't have a Cash Passport

Multi-currency Cash Passport™


Seven currencies on one prepaid card


The Multi-currency Cash Passport™ is
your passport to paying for goods and
withdrawing cash around the world.

Cash Passport is issued by Travelex Card Services Limited, pursuant to license by Mastercard Asia/Pacific Pte. Ltd.

Available in 7* major currencies

  • US dollars (USD)
  • British pounds (GBP)
  • Euros (EUR)
  • Australian dollars (AUD)
  • United Emirates Dirhams (AED)
  • Canadian Dollars (CAD)
  • New Zealand Dollars (NZD)

Global Finance World's Best FX Providers 2017 - 2024

What Order Forex offers


What you can do online

  • Order various currencies in cash and select the denominations you need
  • Order and load a new Multi-currency Cash Passport™ in any of the seven* major currencies available on the card; US Dollars, Australian Dollars, Euros, Pounds, United Emirates Dirhams, Canadian Dollars and New Zealand Dollars.

What you get


Travel without cash


Travelling has never been easier than with the Multi-currency Cash Passport™ from FNB. Available in seven currencies, this prepaid card can be used to pay at merchants and withdraw at ATMs displaying the Mastercard acceptance mark.

How it works


Load and reload your Multi-currency Cash Passport™

Tips from Mastercard


Important information from Mastercard

  • Not all countries or merchants have Chip and PIN technology. Please refer to www.cashpassport.com/multi before you leave. You can access this information on the 'Before You Go' tab and select the country you are travelling to.

Getting it made easy


Qualifying criteria

Documents needed

 

FNB Online

FNB App