Opening a Bank Account

The South African currency is Rand and the Rand is denoted by the symbol R. All the major banks are represented on campus at the Matrix.
The banks also have ATM's on campus which operate 24 hours a day. Banking hours are from: 09:00 to 15:30

Visit any of the banks below in the Matrix, Wits University , to open a bank account.

ABSA
Contact Number: 27 11 403 3100

Savings Account
Proof of Registration
Proof of Residence
Passport and valid study permit
R50.00 open account and R35.00 for card. No cash is accepted

First National Bank (FNB)
Contact Number: 27 11 403 1640

Student Account
Proof of Registration
Passport and valid study permit
Proof of residence in South Africa
R30.00 to open account. Deposite ATM.

Standard Bank
Contact Number: 011 356 7942

Student Account (maximum age 26)
Proof of registration or Student Card
Passport and valid study permit
Proof of Residence in South Africa
Minimum of R10.00 to activate account. Deposit - Autobank

Credit Cards and Traveller's Cheques

Most major credit cards are accepted in South Africa which include Mastercard, Visa, Diners Club and American Express. Foreign currency and traveller's cheques may be converted into local currency in South Africa provided the currency is accepted in South Africa. Local banks, travel agencies, airlines and Rennies are some of the institutions that will assist in converting the foreign currency.