IBKR`s bank account for ZAR is held with our UK Bank and is eligible to receive ZAR transfers via regular bank transfer (SWIFT).
South African Residents only:
The South African Reserve Bank (SARB) has currency exchange control rules in place for South African residents. Find detailed information using the below link:
https://ibkr.info/article/2888
Current Situation
Our cashiering account is a non-resident account. Therefore, we are permitted to:
- Receive deposits in ZAR from other non-resident accounts.
- Disburse ZAR from our cashiering account to non-resident accounts.
- Receive deposits from accounts of South African residents.
- Disburse ZAR to accounts of South African residents.
What Information does my bank need to transfer funds?
We will provide you our IBAN (International Bank Account Number) and SWIFT code of our bank account upon completing the deposit notification in Client Portal (\!insert link on how to create DN\!).
Additional Information