Sasfin Banking Business exit

Sasfin has exited its banking business. This was first announced in October 2024 followed by a series of updates outlining the closure process and its implications for account holders.

All clients were notified in the second half of 2025 that their deposits had been terminated. Clients who did not withdraw their funds were transferred to an unclaimed account, on which no interest is payable. A monthly administration fee of R250 is charged for the maintenance of these accounts.

Following engagement with the Prudential Authority regarding the relinquishment of Sasfin's banking licence, all remaining funds were required to be transferred.

Please note: If no action was taken by you, Sasfin is no longer able to assist with payout requests.

What happens now:

• Your account balance and all associated documentation will be transferred to a bank nominated by Sasfin, which details will communicated in due course.
• The nominated bank will manage all future claims and enquiries regarding these funds.

Customer Service

Email customerservice@sasfin.com

Telephone 080 23 23 23 6

Hours Monday to Friday, 08h00 to 16h30