EXCEPTIONAL CIRCUMSTANCES UNDER WHICH BANKING DETAIL CHANGES WILL BE DONE

Banking details will only be added or changed by a person other than the Taxpayer, Registered Representative or Registered Tax Practitioner, 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);
  • Where distance of the Taxpayer from the SARS branch is more than 200km.

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

To add or change bank details, the following supporting documents (relevant material) are needed:
  • A signed Power of Attorney (POA) clearly stating due to which exceptional circumstance the change of banking detail is required by someone other than the Taxpayer or Representative Taxpayer.
  • If applicable, either a copy of:
    • The Memorandum of Incorporation if 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 (for those visiting the branch) 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.

When you request a banking detail change via email (under these exceptional circumstances): The requestor submitting the supporting documents via email, must provide an image of himself/herself holding their proof of identity, as well as a written note titled “Update my details” and the date on which the documents are uploaded to SARS. It is important that the requestor’s face, proof of identity and the note are clearly visible in the same picture. For an example of the type of image required, click here.

 
Top Tip: For those visiting the branch, 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. Please make an appointment prior to visiting the branch.
  • One of the following documents must be provided:
    • A bank notarised letter not older than three months confirming the Account holder’s legal name; Account number, Account type and Branch code (an original document is required for a branch visit); or
    • A bank statement or ATM/Internet generated statement or eStamped/notarised statement not older than three months confirming the Account holder's legal name, Bank name, Account number, Account type and Branch code (an original document is required for a branch visit); and
    • For Holding/Subsidiary Companies or Non-resident Companies (for VAT):
      • VAT119i form Indemnification in terms of Section 44(3)(d) of the VAT Act - Bank details.
    • For Government Institutions:
      • Letter from the bank with a bank stamp indicating the banking details of the institution
    • If the banking details are that of a joint bank account, shared by both spouses, a copy of the marriage certificate is required.
    • In the case of a shared bank account with a life partner, an affidavit must be provided (only for Income Tax registration) by both partners to confirm the shared account, and the reason the Taxpayer is unable to have his/her own bank account.

Note: For post date of death registration purposes for deceased Taxpayers on or after 1 March 2016, the banking details used in the first registration (prior to date of death) must be re–used in the second registration (post date of death) unless the Representative requires an update to the bank details. If an update is required, the Representative must provide all the relevant supporting documents. The bank account may not be the banking details of the deceased Taxpayer but should be that of the late estate.


Top Tip:
See a list of documents that will be accepted as proof of residential or business address.
 

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.