Glacier has partnered with Shyft, an award-winning forex app powered by Standard Bank, to bring clients forex, investing, travel and shopping ease from the convenience of their phones.
Shyft allows clients to purchase forex at cost-effective rates, 24/7. Investments can be made with foreign currency without the need for an offshore bank account or copious amounts of paperwork.
With Shyft, clients will be able to spend or send up to R1 million (the legal limit set by the South African Reserve Bank as one’s single discretionary allowance) overseas every year without needing a tax clearance certicificate –enhancing the ability to diversify globallly and take advantage of international investment opportunities with less administration.
Glacier International clients will be able to conveniently do transactions on Shyft, as Glacier International’s bank accounts are pre-populated on the Shyft app, enabling them to transfer money to their Glacier International portfolio effortlessly. Clients can simply transfer their investment in rands from their South African bank account onto Shyft, convert it to the required currency and make the forex payment into their offshore investment.
Learn more about how Shyft helps you invest easily at Glacier International
Investing offshore with Glacier International has never been easier. Imagine a world where you could make an investment using foreign currency without the need for an offshore bank account or completing copious amounts of paperwork. That world is here, and its name is Shyft, a forex payment app, that couldn’t make offshore investing any easier, if it tried.
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• Get forex at the cheapest rates 24/7.
• View and compare live exchange rates.
• Store your forex indefinitely.
• View market changes to the wide range of shares and ETFs available on Shyft.
• Place orders all day, any day.
• Create a watchlist of shares you'd like to keep your eye on.
• Use a multi-currency card to save on the fees of traditional payment methods.
• Create a virtual card in any of the international currencies available on the app.
• Control the amount of foreign currency linked to your cards.
• Instantly transfer money to other Shyft users for free.
• Make fast, secure transfers to beneficiaries across the globe.
• Transfer existing offshore foreign currency into your Shyft wallet.
Learn why Shyft is a gamechanger in offshore investing
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