Selling USD to banks

lumpyza

Well-Known Member
Joined
May 29, 2012
Messages
153
Hi Just a quick one, im looking to sell about US$1100 that i received from someone that owed me but only had US$ on them.

Now what i want to ask is can i use my drivers license for identification at a bank to exchange the $ as a little while ago my ID and passport was stolen so i took the opportunity to apply for my British passport (which is taking forever) then im waiting for next month to order the new ID card so as i stand now, the only form of identification i can provide is my SA drivers license... :erm:
 

froot

Honorary Master
Joined
Jun 2, 2009
Messages
11,347
You will also need proof that you've recently returned from a foreign country where you used your dollars :p
 

froot

Honorary Master
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Jun 2, 2009
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11,347
Oh, and since your ID and Passport has been stolen... did you sign an affidavit to that effect and get a case number?
 

lumpyza

Well-Known Member
Joined
May 29, 2012
Messages
153
:confused: well im not trying to pawn them off to any individual now am i? just asking if they would accept my drivers as a form of identification at the bank...
Of course i signed my affidavit when i reported the bag stolen and got my case number, my MBP also fell victim to the thief so had to lodge a insurance claim on the laptop...
Well i could possibly get a letter from the company saying that i went to Angola and DRC about 3 months ago for business and wing it that way?
 

FNfal

Executive Member
Joined
Jul 6, 2011
Messages
6,425
It is illegal to have foreign currency .
unless you have just come back from overseas.
It wont be hard to sell $s any Zimbabwean will buy them from you they use that as currency in Zimbabwe.
 

lumpyza

Well-Known Member
Joined
May 29, 2012
Messages
153
It is illegal to have foreign currency .
unless you have just come back from overseas.
It wont be hard to sell $s any Zimbabwean will buy them from you they use that as currency in Zimbabwe.

:mad: my mate who owed me the money lives in Harare, should of had him convert before he went back... pppffffft!

heck, will just ask the company who is going over to Angola or something again and sell it to the next guy, easier done that way i guess...

Thanks guys...
 

MKFrost

Expert Member
Joined
Oct 23, 2012
Messages
3,837
Just normal FICA documents are required. I often bring money back from Hong Kong etc... and give it to my wife. She swaps it out at one of the places in the mall each time she goes there. All they ask is proof of address and ID. Never asked for my passport or anything. She always declares it as a gift.

She said last guy looked at her funny, she swapped out just over R3,000. Guy must have thought she was a 'lady of the night' being paid in foreign currency...:p
 
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