Capitec Bank is a South African retail bank that offers a range of financial services, including forex (foreign exchange) services. It is known for its innovative and simplified banking approach, providing accessible and affordable banking solutions to its clients. Capitec Bank offers various services and innovations that set it apart in the market. These include: 1. **Low-cost bank infrastructure**: Capitec Bank has developed a low-cost bank infrastructure that does not require a costly branch back office. This allows them to offer affordable banking services to their clients. 2. **Paperless card-driven process**: Capitec Bank provides a paperless card-driven process that allows clients to access numerous options and services in real-time. This innovative packaging of services makes banking more convenient and efficient. 3. **Specialised exchange control services**: Capitec Bank offers specialised exchange control services through its business bank. This includes services such as receiving proceeds for exports. Capitec Bank also provides forex services to its clients. These services are designed to assist individuals and businesses with their international payment needs. 1. **Receiving international payments**: Capitec Bank allows clients to receive international payments. Specific information is required for these payments, and it is recommended to receive the payment in foreign currency for added flexibility. 2. **Setting up an FX Trade Account**: Capitec Bank offers the option to set up an FX Trade Account for making international payments. To set up this account, you can email Capitec Forex or call their designated number. 3. **Business forex services**: Capitec Bank provides specialised forex services for businesses, including guidance and support from forex professionals. They offer a wide range of products and services to address various forex requirements, such as importing, exporting, and sending/receiving international payments for services rendered. Overall, Capitec Bank offers a range of financial services, including forex services, with a focus on accessibility, affordability, and innovation. Whether you are an individual or a business, Capitec Bank aims to provide solutions that meet your banking and forex needs.