Whether you are planning for Umrah, budgeting for a dream holiday, shopping online in dollars, or trying to protect your savings from currency volatility, the Al Baraka Bank Vivere Resident Foreign Currency Account might be exactly what you’ve been waiting for.
This Shariah-compliant account lets South Africans hold and manage foreign currency safely, easily, and without relying on interest-based banking.
Having this one card allows you to buy six different currencies all in one account. This makes it simple and convenient for you.
How is this card beneficial when you are traveling?
- Flexibility – You have the flexibility to buy your foreign currency at any time, even without confirmed travel plans.
- Buy currencies at favourable exchange rates – When the rate is lower you can buy and keep your currency ready, so when you plan to travel you can potentially save if the exchange rate is higher.
- Enhanced Security – Transact with a Visa card protected by PIN authentication. This is a safer option than carrying cash.
- Global Access – Enjoy the convenience of withdrawing cash internationally at transparent, flat fees.
Available currencies:
• USD – US Dollar
• GBP – British Pound
• SAR – Saudi Riyal
• EUR – Euro
• AED – Dirham
• TRY – Turkish Lira
How can you apply to get this card?
1. Visit the website:
welcome.albaraka.co.za
2. Have the following docs when you apply:
• Smart ID doc
• Proof of address (not older than 3 months)
• SARS tax number
3. Your application will be approved within 2 to 24 hours.
With this simple 3 step process you can get access to this card.