Does nedbank give american express clients a better forex rate

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Find out what you need to know about using your Global One card abroad and receiving foreign payments into your account. Before you travel or use your card for international online purchases, ensure that your personal details such as your contact numbers, permits and address are up to date on your Capitec Bank account as this information is compulsory for Balance of Payments reporting to SARB and your card may be suspended if the information is not available. Doing international online purchases does not absolve you from complying with the ad valorem customs and excise duties, or from complying with any of the requirements imposed by Customs. You may use your Global One card if you qualify as a South African resident, have a valid passport and a passenger ticket for journeys commencing from South Africa.

The abovementioned allowances are valid for one calendar year. Residents temporarily abroad may use the allowances as described above without returning to South Africa. Supplementary Global One cards can only be used in South Africa. Foreign exchange trading accounts Funding of international forex trading accounts through the Internet, directly or through an intermediary, with your Global One card is not permissible.