Provided the correct FICA documentation is provided, a SatrixNOW account can be opened for the category "Other Legal Persons".

The category "Other legal persons" includes informal associations, Eg. Stokvels, churches, burial societies, schools, savings clubs, etc. for which the number of members must be at least two (2).

The process to follow to open an account, together with the FICA documents required, are detailed in the table below. 


HOW TO OPEN AN ACCOUNT FOR THE CATEGORY "OTHER LEGAL PERSONS":

The person authorised to open the account on behalf of the Legal Entity must complete the ONLINE APPLICATION FORM and then email the documents listed below to our New Accounts department at  newaccounts@satrixnow.co.za 

The documents will be checked against the application form, and if in order, you will be sent a welcome email with all the account details. If not, you will be provided with guidance as to how to complete the process. 

PLEASE NOTE: Accounts for Legal Entities are currently only available to South-African entities. 

Information neededAcceptable verification documents 

All documents should be emailed to newaccounts@satrixnow.co.za

Documents required for Other legal persons (Eg. Stokvels, churches, burial societies, schools, savings clubs etc.)

  • Completed Application form - HYPERLINK
  • A signed constitution or other founding document under which the entity is created.
  • Members resolution / authority to act ( HYPERLINK ), signed by all members and nominating one signatory / representative
  • Proof of registered address or operating address of the entity (less than 3 months old)
  • Proof of bank account of the entity in the form of either:
    • Copy of bank statement confirming bank details of the entity (less than three months old); or alternatively
    • An official signed letter from the bank, on a bank letterhead listing full details of the entity bank account

Documents / details required for all:


  • Persons authorised to act

Documents: 

  1. Proof of identification
  2. Proof of Physical Residential address

In addition to the documents above, we require full contact details of the authorised individual.


Please note: For guidance on what documents are acceptable for Proof of identification and Proof of Address, please refer to the related FAQ article SatrixNOW FICA Documents Individuals