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FAQs

Payments: What is the relationship between SARS and the country’s four commercial banks?

 
FNB, ABSA, Standard Bank and Nedbank not only act as SARS’s bankers, ensuring that all monies banked are safeguarded and transferred to the National Treasury, but also provide payment channels that can be used by taxpayers and traders to pay SARS. These channels include:
• Over-the-counter payments where payments can be made at any FNB, ABSA, Nedbank, and Standard Bank branch country-wide; and
• Internet payments where payments can be made into SARS’ nominated FNB banking accounts or by using the new Beneficiary Account ID process offered by FNB, ABSA, Nedbank and Standard Bank .

These two channels complement SARS’s other payment channels which consist of:
• SARS cash hall and mail payments;
• Debit orders issued by SARS; and
• SARS eFiling.

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