Yes, you can receive money from overseas in your Capitec account. Capitec has made it possible to receive international payments from over 50 countries. So, if you have family or clients abroad who need to send you money, they can do so directly to your Capitec account. I remember when my cousin sent me money from the UK for the first time; I was a bit worried it would be a complicated process, but it was surprisingly straightforward.

How to Receive Money From Overseas with Capitec

To receive money from overseas, the sender will need a few details from you. Here’s a simple breakdown of what you need to provide:

• Your full name: Make sure it’s the same name your account is registered under.
• Your Capitec account number: Double-check this to avoid any delays.
• Capitec's SWIFT code: The SWIFT code for Capitec Bank is CABLZAJJ. This is very important as it identifies the bank in the international banking network.
• Your address: The sender might also require your physical address.

Once the sender has all this information, they can initiate the transfer from their bank. I once had a client from Australia who was struggling to find the SWIFT code. I just sent him a screenshot from the Capitec website, and he was able to make the payment immediately.

It’s also a good idea to ask the sender to send the money in the foreign currency. This way, you can get a better exchange rate, and the money will likely reflect in your account faster. For more on this, you can read our post on whether you can exchange foreign currency at Capitec Bank.

While waiting for your international payment, why not earn some extra cash? With the Points Castle app, you can take surveys, play games, and enter competitions to earn points that you can redeem for vouchers from your favourite stores.