Can I Exchange Foreign Currency at Capitec Bank?
November 14, 2025
Yes, you can exchange foreign currency at Capitec Bank. It's a service they offer to make it easier for their clients to handle international transactions. Whether you're planning a trip overseas, receiving money from abroad, or sending cash to family in another country, Capitec has you covered. I remember when I had to send some money to my cousin in the UK for her birthday, I was stressing about how complicated it would be. But I was pleasantly surprised by how straightforward the process was with Capitec.
How to Exchange Foreign Currency at Capitec
Exchanging foreign currency at Capitec is a simple process. Here’s a breakdown of how you can do it:
- Sending Money Abroad: You can send money to over 50 countries through the Capitec app. It’s a flat rate of R175 per transaction, which is quite competitive. I found this to be the easiest way to get money to my cousin. It was all done on my phone in a few minutes.
- Receiving Money from Abroad: If someone is sending you money from another country, they can do so through an international bank transfer. You’ll need to provide them with your Capitec account details and the SWIFT code for Capitec, which is CABLZAJJ. The fee for receiving money is R50.
- In-Branch Services: While Capitec is known for its digital banking, you can also visit a branch to get assistance with foreign currency exchange. This is a good option if you’re not comfortable with online transactions or if you need to exchange physical cash.
It's important to note that you'll need to have a valid reason for the exchange, such as travel, business, or sending money to family. You may also be required to provide supporting documents, depending on the transaction. For example, if you are buying a Betway voucher using Capitec, the process is even simpler!
Just like you can manage your foreign currency with Capitec, you can also manage your rewards with Points Castle. With the Points Castle app, you can take surveys, play games, and enter competitions to earn points. You can then use these points to get free vouchers for things like airtime, data, and even your favorite stores. It's a great way to make your money go further.
