Why the Change in Deposits and Withdrawals for CMA Clients?
In response to regulatory updates within the Common Monetary Area (CMA)—which includes South Africa, Lesotho, Namibia, and eSwatini—deposit and withdrawal transactions for CMA clients must be handled as cross-border forex transactions rather than normal EFTs.
This shift is driven by enhanced anti-money laundering (AML) and counter-terrorism financing (CTF) requirements, ensuring greater transparency, security, and compliance with international financial standards. While this adjustment may add a few steps, it helps safeguard client funds and maintain regulatory alignment across borders, providing a safer and more robust investment environment.
Deposits
How do I deposit funds into my CMA account?
Your bank will need to processes your payment via a forex transaction, as regular EFTs are no longer an option.
SWIFT transaction requirements can vary, so it is best for you to confirm with your bank exactly what details they'll need from you.
To find our banking details:
- Log in to your account
- Select My Funds at the bottom right of your screen (next to 'Notifications')
- Tap EasyEquities ZAR
- Tap 'Select one of our bank accounts' and choose which bank you'd like to deposit into
- Copy the bank account details in the blocks below the drop-down menu to your banking app to add us as a beneficiary
SWIFT Codes: Choose the SWIFT code that corresponds with the bank you've chosen to deposit into:
| ABSA | ABSAZAJJ |
| FNB | FIRNZAJJ |
| Standard Bank | SBZAZAJJ |
| Nedbank | NEDSZAJJ |
| Investec | IVESZAJJXXX |
| Bidvest | BIDBZAJJXXX |
Purpose of Payment: Specify that the funds are for "investment" or "portfolio funding" with EasyEquities.
Reference Information: Include an accurate deposit reference so we can allocate your funds ASAP.
Bank Account Name: To ensure there are no delays with clearing your EasyEquities deposits, our account name MUST be listed as:
First World Trader Nominees (RF) (Pty) Ltd
Address Details: List EasyEquities' address as:
WeWork - Coworking Office Space, 173 Oxford Rd, Rosebank, Johannesburg, 2196
Are there any fees associated with deposits?
EasyEquities does not charge a fee to process your deposit.
Unfortunately, both the sending and receiving bank will charge a fee to process the forex transaction, and so the minimum deposit amount we can process is R150.
We recommend inquiring with your bank to confirm what the charges will be.
How long does it take for deposits to reflect?
Deposits may take between 3 to 5 business days to clear. Processing time depends on banking practices and internal clearing processes.
Withdrawals
How are withdrawals processed for CMA accounts?
Similar to deposits, withdrawals are now processed as forex transactions.
Are there specific timelines for processing withdrawals?
General client withdrawals are processed in daily cross-border batches if requested before 2 pm. Once we have released your funds, it could take between 3 and 5 business days for the funds to clear in your account. (This will be dependent on your bank.)
Are there any withdrawal fees?
As with deposits, EasyEquities does not charge a fee to process your withdrawal.
Unfortunately, both the sending and receiving bank will charge a fee to process the forex transaction, and so the minimum withdrawal amount we can process is R150.
We recommend inquiring with your bank to confirm what the charges will be.
Additional Information
Our support team is available for any deposit or withdrawal queries. Please log a ticket for further assistance.