FinGlobal

FinGlobal is a South African foreign exchange intermediary, operated by FinGlobal Pty (Ltd) and part of Momentum Group, in business since 2009. It also appears under the name cashkows.com.

Services

The company arranges international transfers out of South Africa and supports financial emigration, which means moving savings, retirement funds and other personal assets abroad in line with exchange control rules. Its main product is designed for personal, retirement and emigration funds rather than corporate treasury.

Clients

The target clients are private individuals and South African expatriates.

Regulation and banking

The company states that it is a South African financial services provider with FSP number 42872. According to its FAQ, client funds are held at Bidvest Bank and transfers are carried out through that bank, so the bank is the settlement counterparty and FinGlobal acts as the intermediary.

What to clarify

Exchange margins, fees, minimum amounts and processing times are not listed. Because the process involves tax and exchange control documents, the company should confirm the required paperwork before an emigration transfer is started. The website is in English.