Import/export payments: where the banks go wrong

International money transfers can be an administratively cumbersome process for import/export businesses. When making these payments through traditional banks, their poor service, high fees, and lengthy processing times can lead to delayed transactions and increased costs, disrupting your supply chains and negatively impacting your bottom line. Banks also typically offer rigid, one-size-fits-all solutions that lack the flexibility importers and exporters need to manage regulatory hurdles and unpredictable currency fluctuations effectively.

Discover the difference with us

At Future Forex, we offer customised solutions for importers and exporters by providing one-on-one guidance, competitive rates and effective hedging strategies to help you plan your future payments. Your dedicated Account Manager will work closely with your business to streamline your import/export payment processes and guide you through the required SARS customs documentation, including the SAD 500, EDI, Bill of Lading, Waybills and Customs Worksheets. Additionally, we offer complimentary assistance for your APN (Advanced Payment Notification) applications, which SARS requires for Advance Import Payments valued at R50 000 and above. With Future Forex, you can focus on growing your business and leave the complexities to us.

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