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South African Banks
The banking system in South Africa is
world-class. The principal banks are ABSA, National,
Standard, and Nedbank.
Bank opening hours vary but are generally 09:00
to 15:30 on weekdays and 09:00 to 11:00 on Saturday.
Banks are closed on Sundays and Public Holidays.
Some smaller branches have limited operating hours.
If you need to go into the bank, withdrawals can
be done over the counter using your passport. Many
banks provide foreign exchange facilities.
Credit Cards & Debit Cards
Most major international credit and
debit cards such as American Express, Diners
Club, MasterCard, Visa and their affiliates
are widely accepted in South Africa.
Overseas purchases will normally incur a
British bank transaction charge. Purchases
with a credit card do not usually incur a
transaction charge and this may be a cheaper
option.
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Related pages
Personal safety
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Cash dispensers (ATM)
Cash dispensers are called ATMs
(Automatic Teller Machines) in South Africa.
They are widely available outside most
banks, or within an enclosed lobby.
Many ATMs have a security guard
stationed next to them, particularly during
the day and early evening. For added piece
of mind we advise you to only use ATMs with
such a guard.
If there is no security and you see
someone acting suspicious, don't use that
ATM.
You can withdraw cash using your Visa or
MasterCard debit card at almost any ATM -
check with your bank what the transaction
charges will be before you leave Britain.
There is a high incidence of credit card
fraud and fraud involving ATMs in South
Africa.
Users of ATMs should be vigilant to
ensure their Personal Identification Number
(PIN) is not observed by others when
withdrawing money or purchasing goods in a
shop.
Offers of assistance from bystanders
should be refused. Closely protect any
documents containing details of credit card,
PIN and bank accounts.
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