Bank beating exchange rates and services. Send money to over 100 countries worldwide. Authorised by the South African Reserve Bank.

R1m discretionary allowance

No tax clearancxe required. Exchange control regulations allow clients to move R1M per tax paying adult out of South Africa each year as part of their Discretionary Allowance. Private individuals may utilize the below R1M Discretionary Allowance per calendar year: R 1,000,000 per adult.

R10m foreign investment

From 1 April 2015 Exchange control regulations allow clients to move R10 Million per tax paying adult out of South Africa each year as part of their Foreign Investment Allowance. Foreign Investment Allowance funds can be invested into offshore investment portfolios, property, bank accounts or any other investments. Private individuals may utilize the below Foreign Investment Allowance per calendar year: R 10,000,000 per adult per calendar year.

The process is simple

Apply online. You’ll complete your details as well as the beneficiary bank details. We will then email you all the required paperwork pre-completed for your signature only. You would be required to send through all original signed paperwork and original certified copies of your South African ID Book and Proof of Residential Address. Once we receive all paperwork and FICA documentation as above we will be able to fix an exchange rate and send the money overseas to your nominated beneficiary bank account.

Free SARS clearance

Free SARS Tax Clearance for Foreign Investment purposes! 3-5 working days. Exchange4free offer our clients utilising their annual R10M Foreign Investment Allowance through our company a free SARS tax clearance service. We can generally obtain a SARS tax clearance for customers within 3-5 working days (subject to tax affairs being fully up to date).



Highly regulated, transparent and segregated client accounts held with reputable global investment banks. Exchange4free offers a safe alternative to sending money worldwide through banks or unregulated brokers. Our company has been operating since 2004 with over 30,000 clients worldwide ensuring that you are dealing with a highly reputable company. The business operates a pure brokerage model and does not speculate against client trades or run unhedged foreign exchange exposures with dealer banks.

SARB authorised

Our South African business operates in strict accordance with exchange control and South African Reserve Bank (SARB) regulations. We work via Intermediary Agreements with local Authorised Dealer banks and client funds are held in bank accounts that are owned and controlled by the Authorised Dealer banks. Funds are not held in Exchange4free owned accounts and we have no access to or control of this money.


Exchange4free is regulated as a Money Service Business (MSB) in the following regions: United Kingdom, Europe, Canada, Australia and New Zealand, South Africa, Philippines, Israel, Zimbabwe.


Online Systems and Technology. Exchange4free uses a secure, encrypted online platform over HTTPS using an SSL certificate from Geo Trust. We employ a high level of automated anti-money laundering and compliance data analysis techniques to ensure data integrity and security for our clients. Our system also use Verisign Trust Seal to ensure our system is 100% secure and malware free for all our clients.

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