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CPI 5.2%

May 2024

PPI 4.6%

May 2024

REPO 8.25%

23 Jul 2024

PRIME 11.75%

23 Jul 2024

R2030

R186

SABOR

ZARONIA


ZAR/USD
18.3809
ZAR/GBP
23.7573
ZAR/EUR
19.9929
ZAR/JPY
0.1179


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 * New Project
 * Home
 * What we do
 * Banknotes and coin




Coin deposits at commercial bank branch tellers





DEAR MEMBERS OF THE PUBLIC

 

When coins are deposited at a commercial bank, such deposits must follow the
South African Reserve Bank’s (SARB) standards for coin deposits, as outlined in
the tables below.

Coins must be separated per denomination and series and packaged in the mini
plastic coin bags available at commercial banks.

A denomination of a coin refers to its face value, representing the monetary
value assigned to it by the issuing authority (the SARB).

A coin series refers to the different versions of the coin.

For example, the third decimal coin series (3D) refers to the older coin series
that was minted between 1989 and 2022, and the fourth decimal coin series (4D)
refers to the coin series, with new designs, that was launched in May 2023.

Commercial banks will not process coin deposits that are not presented according
to the SARB standards for coin deposits.

 

SARB packing standards for coin deposits at commercial bank branch tellers

When coins are presented for depositing at a bank branch teller, note that the
coins should be packaged by denomination as well as by series, according to the
standards set out in the tables below.

SARB standards for branch teller coin deposits: Sachet and mini coin bags
  Denomination per coin series Sachet coin value per bag Value per mini coin
plastic bag (to be provided by the commercial banks)

1c

R1.00

R1.00

2c

R2.00

R2.00

5c

R5.00

R5.00

10c (3D, 4D)

R10.00

R10.00

20c (3D, 4D)

R10.00

R10.00

50c (3D, 4D)

R10.00

R10.00

R1 (3D, 4D)

R20.00

R20.00

R2 (3D, 4D)

R50.00

R50.00

R5 (2D, 3D, 4D)

R100.00

R100.00

 

SARB standards for branch teller coin deposits: Bulk bags
  Denomination per coin series Number of coins per bag (This is important to
ensure that the correct limits are adhered to) Bulk coin value per bag

1c

2 000

R20.00

2c

1 000

R20.00

5c

800

R40.00

10c (3D, 4D)

2 000

R200.00

20c (3D, 4D)

1 000

R200.00

50c (3D, 4D)

800

R400.00

R1 (3D, 4D)

1 000

R1 000.00

R2 (3D, 4D)

500

R1 000.00

R5 (2D, 3D, 4D)

400

R2 000.00

 

Coin deposit limits at commercial bank branch tellers

When coins are presented for depositing at a commercial bank branch teller, the
coins should be packaged and presented according to the SARB standards.

Coin deposit values at commercial bank branches are limited to the values below
per day:

SARB standards for branch teller coin deposits: Bulk bags
  Customer type Coin deposit format Coin deposit channel Coin deposit limit
acceptance amounts

Bank customer depositing into own customer account

 

Branch teller – sorted and packaged by customer

 

 *  R5 000 per day ‒ coin to be presented in a sorted state by denomination and
   series by customer.
 * Banks have the prerogative to process higher values at their own discretion.

 

 

Branch teller ‒ cash-in-transit deliveries to branches

 *  R20 000 per day accepted.
 *  Banks have the prerogative to process higher values at their own discretion.

 

Third-party payments into banks’ customer accounts

 

 

Branch teller – sorted and packaged by customer

 *  R5 000 per day ‒ coin to be presented in a sorted state by denomination and
   series by customer.
 * Banks have the prerogative to process higher values at their own discretion.

 

Branch teller ‒cash-in-transit deliveries to branches

 * Zero value accepted when deposited via cash-in-transit.
 *  Banks have the prerogative to process higher values at their own discretion.

 

The coin deposit limits mentioned for branch tellers apply to deposits made by
commercial banks’ own customers or third parties paying into the banks’ customer
accounts.

Commercial banks are under no obligation to accept or exchange coins for
individuals who have not undergone the Know Your Customer (KYC) vetting process
as their own customers.

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CONTACT

CONTACT

 * To contact us, click here
   
   Telephone: 0861 127 272 
   
   370 Helen Joseph Street,
   
   Pretoria, 0002
   
   P O Box 427,
   
   Pretoria, 0001

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