EXCEPTIONAL CIRCUMSTANCES UNDER WHICH BANKING DETAIL CHANGES WILL BE DONE

Banking details will only be added or changed, by someone other than the taxpayers, Registered Representatives or Registered Tax Practitioners, in the following exceptional circumstances:
  • Any estate;
  • Where the taxpayer is incapacitated or terminally ill;
  • Where the taxpayer is a non-resident (emigrant, expatriate, foreigner or SA citizen temporarily outside the Republic)
  • Where the taxpayer is imprisoned;
  • Where a trustee is appointed to act on behalf of an insolvent individual and/or trust;
  • Where the taxpayer is a minor child;
  • Shared Account (Spouse’s Account);
  • Income below tax threshold/Impractical; and
  • Where distance of the taxpayer from the SARS branch is more than 200km.

What is needed to add or change banking details in exceptional circumstances?

 
To add or change banking details supporting documents (relevant material) are needed:
 
  • A signed Power of Attorney (POA).

  • If applicable, either a copy of:
    • The Memorandum of Incorporation in the case of a company
    • A Partnership/Joint Venture agreement
    • A trust deed together with the minutes of a meeting specifying who is authorised to act on behalf of a trust
    • A Foreign donor agreement between the applicable country and South Africa in the case of a foreign donor funded project.
  • Letter of appointment from the Registered Representative where the request is received.

  • The original and a copy of an Identity document (ID)/temporary ID/passport/driving licence/asylum seekers permit of the:
    • Account holder(s) and/or
    • Registered Representative.
 
Top Tip: Bring along certified copies to speed up the process. Only copies certified by authorised persons will be accepted (e.g. Attorneys, South African Post Office, South African Police Station, etc.). A “true copy” stamp must always accompany the Commissioner of Oaths stamp.
 
  • One of the following documents must be provided:
Top Tip: An original bank stamp is no longer needed on the bank statement, unless no statement date is shown.
    • Copy of a recent bank statement not more than three months old
    • An original letter, on a letterhead, from the bank where a new bank account was opened and a statement can't be provided. The date the bank account was opened must be include
    • For ABSA/FNB clients: An eStamped statement will be accepted not more than three months old
    • Internet statement
    • A statement drawn at an ATM will be accepted as long as it contains the same information, as if the statement was drawn at the bank.

  • Clearly showing the account:
    • Holder legal name(s)
    • Number
    • Type
    • Branch code and
    • Statement date.
Top Tips:
    • The three months validity period of the bank statement will be checked against the statement date.
    • The bank statement will be accepted even if the initials on the bank statement don’t match the initials on the ID (for example the bank statement reflects ‘SN Smith’ and the ID reflects ‘SNM Smith’).
    • If a taxpayer has opened a new bank account (less than a month old) and cannot produce a bank statement, they will need an original letter from the bank on the bank letterhead with the original bank stamp confirming the account holder’s legal name, account number, account type, branch code and reflecting the date the bank account was opened.

  • Copy of proof of residential or business address of the account holder and the Registered Representative or the Tax Practitioner.
 

What additional documents will be needed?

The following additional documents will be needed:
  • The director’s banking details will be accepted if the company doesn’t have an active bank account. If there is more than one director, one director must be selected who’s banking details should be used.

 

 
 
 
 

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 Top FAQs

What are the three SARS POA forms provided?
The three SARS POA forms provided are:- TPPOA - Special Power of Attorney to Tax Practitioner :-ASPOA - Authority on Special Power of Attorney by Tax Practitioner

Can I appoint someone to change banking details on my behalf?
Yes you can appoint someone to change banking details on your behalf, provided that the supporting document (relevant material) is presented.

Will my banking details be captured when registering as a taxpayer or re-activation of my tax number?
No, banking details can only be updated when asking for the change of banking details: At a SARS branch Please note: Customs and Excise clients’ needs to visit their nearest SARS Customs branch

Which certified copies of ID/passports/driving licence/asylum seekers permit are accepted?
Only copies certified by authorised persons will be accepted (e.g. Attorneys, South African Post Office, South African Police Station, etc.). A “true copy” stamp must always accompany the Commissioner of Oaths stamp.

Can I post all my original banking details documents to SARS?
No, posted originals or copies of documents relating to banking details won’t be processed and the documents will be returned.