Online Banking Enterprise™ - South Africa
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Forex

 

Forex Overview

 

Forex is the exchange of foreign currency which enables trade and financial transactions between countries.


The following functionality is available online:

  • Global Payments

    • Once-Off Payments

    • Payments to Beneficiaries

 

  • Global Receipts

    • Take receipt of foreign currency payments directly into your account

 

  • Global Transfers

    • Transfer funds to, from, or between your Global Accounts

 

  • Order Forex

    • Buy Forex Notes and/or Multi-Currency Cash Passports

 

  • PayPal Services

    • Use your PayPal account to transact internationally and eliminate the risk of having to divulge any personal information. You can buy and sell products online and receive payments directly into your PayPal account, or use your PayPal account to send and receive money globally.


 

Note: To use the Forex functionality, the Administrator/s must assign Forex Permissions and Limits to the respective users.

   

 

Forex Permissions and Limits

   

Administrators can assign Capture and/or Authorise permissions as well as the relevant transacting limits where applicable. 

 

   


Once-Off Global Payments

   

Make a payment via SWIFT, in another country’s currency, to an international bank account.

 

SWIFT, the Society for Worldwide Inter-Bank Financial Telecommunication, is an electronic communication method used by banks all over the world to correspond with each other and effect payments in a secure and standardised way.

 

   

 

Add and Pay Global Beneficiaries

   

Save the banking details of the individuals or companies that you pay regularly.

 

 

 

 

Once you have saved your Forex Beneficiaries, you can make payments to them seamlessly via SWIFT, in another country’s currency.


Payments can be made to a single beneficiary or to a Forex Beneficiary Folder.

 

    

 

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