ZAR
R
South African Rand
Official currency of South Africa
ISO Country Code
ZA
Decimal Places
2 / 4
Subunit
cent
Payment Methods Available
Payment Options
Available payment methods and requirements
Choose the right payment method for your needs
Priority Payment
Fast processing with priority serviceM | SWIFT |
|---|---|
Cut-off Time (UK) | 10:00 |
D | Same Day |
M | 125 ZAR |
M | No limit |
D | Any (excluding sanctioned) |
Trace | Available |
Recall | Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Currency Holidays
Currency settlements pause on public or bank holidays.
Currency Holiday Calendar
Official non-business days for this currency- Sep
24
2025Heritage Day
In 31 daysWednesday, September 24, 2025
- Dec
16
2025Day of Reconciliation
In 114 daysTuesday, December 16, 2025
- Dec
25
2025Christmas Day
In 123 daysThursday, December 25, 2025
- Dec
26
2025Day of Goodwill
In 124 daysFriday, December 26, 2025
Account Format
Standards for account numbers and IBAN
Account Format & Structure
Standardised format for financial accounts with this currencyFormat Standards
| Format Type | Structure Pattern |
|---|---|
BBAN Basic Bank Account Number | BBBB-YYYYYYYYYY |
Example Accounts
| Account Type | Example Format |
|---|---|
B Bank Code | 632005 |
A Account Number | 1234567890 |
B BBAN | 632005-1234567890 |
I IBAN |
Always double-check account formats before initiating payments to ensure successful transactions.
Additional Notes
Important information and special considerations
Special Considerations
Important notes and requirements for ZAR paymentsPlease review these important notes before processing payments in ZAR
1
ZAR is legal tender in South Africa, Namibia, Lesotho, and Eswatini under the Common Monetary Area.2
Local payments require valid bank and branch codes (Nedbank, ABSA, FNB, etc.).3
SWIFT messages must use permitted characters: letters, numbers, spaces, and symbols / – ? : ( ) . , ‘ +4
Non-supported characters will be transformed to EBCDIC equivalent or removed on a best endeavors basis in order to comply with the restrictions of the Swift payment network. The permitted characters on the Swift network are letters, numbers, spaces and the following symbols: / – ? : ( ) . , ‘ +
For more information about payment requirements for ZAR, contact your account manager or refer to the latest regulations.
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