List of Banks in South Africa; Banking system in South Africa includes 10 locally controlled banks, 7 foreign controlled banks, 3 mutual banks, 2 co-operative banks as well as over 50 branches and representative offices of foreign banks across the country.
The total assets of banking sector amounted to approximately ZAR 6 trillion as at 2018 according to a data from South African Reserve Bank.
VISA and Mastercard are among the most common card types in South Africa. When withdrawing money using your debit card at an ATM, you won’t usually be charged a flat fee at the ATM, but will instead pay the standard withdrawal fees associated with your account.
These fees vary significantly depending on the terms of your account.
We have the Banks in South Africa with a little overview of the individual banks below.
List of banks in South Africa
Monetary authority
- South African Reserve Bank: www.reservebank.co.za
Locally controlled banks in South Africa
- Absa Bank Ltd
- African Bank Ltd
- Albaraka Bank Limited
- BoE Private Clients
- Bidvest Bank Limited
- Capitec Bank Ltd
- FirstRand Bank Ltd
- Grindrod Bank
- Habib Overseas Bank Limited
- HBZ Bank Limited
- Investec Bank Ltd
- Mercantile Bank Limited
- Nedbank Group Limited
- Rand Merchant Bank
- RMB Private Bank
- South African Bank of Athens Limited
- Sasfin Bank Ltd
- Standard Bank of SA Ltd
- Wesbank
Branches of international banks in South Africa
- ABN AMRO Bank NV
- Bank of Baroda
- Bank of China, Johannesburg Branch
- Bank of Taiwan, SA Branch
- Barclays Bank plc
- China Construction Bank, Johannesburg Branch
- Citibank NA
- Commerzbank Aktiengesellschaft
- Deutsche Bank AG
- HSBC Bank plc, Johannesburg Branch
- JPMorgan Chase Bank, N.A., Johannesburg Branch
- Société Générale, Johannesburg Branch
- Standard Chartered Bank, Johannesburg Branch
- State Bank of India
Mutual banks in South Africa
- GBS Mutual Bank
- VBS Mutual Bank
Investment banks in South Africa
- Absa Bank Ltd
- African Bank Ltd
- Albaraka Bank Ltd
- Bank of China
- Bank of Taiwan (SA)
- Bidvest Bank
- BNP Paribas
- Sasfin Bank
- Grinrod Bank
Other banks in South Africa
- Development Bank of Southern Africa
- Land and Agricultural Development Bank of South Africa
Banking organisations in South Africa
- Banking Association South Africa
- Institute of Bankers in South Africa
- BankservAfrica (joint bank utility company)
- South African Reserve Bank (central bank)
- Sabric, South African Banking Risk Information Centre
This list of Banks in South Africa would be updated as and when new licenses are issued or existing ones expire