We have noted that there are some delays in offshore bank transfers to South Africa due to greylisting by the Financial Action Task Force (FATF). To ensure a smooth and timely transfer of funds, we encourage our clients to send their funds as soon as they are able to and not wait until the last moment before the transfer and funds are due.
Sending funds early provides you with peace of mind and the opportunity to let your funds earn interest in South Africa while you wait for the conveyancer to request payment of the purchase price. Currently, the interest rates for funds held in South African accounts range between 7.65% and 8%, depending on the amount and type of account. Therefore, sending funds early not only helps avoid delays but also enables you to earn interest on your money.
Should you require assistance with transferring funds from your foreign account, please contact firstname.lastname@example.org. Act now and earn interest on your money while avoiding delays in the transfer process.