Investec Private Bank
private bank
Investec Private Bank is a specialist private bank and asset manager dual-listed in South Africa (JSE) and the United Kingdom (LSE), operating under two separate regulated entities: Investec Bank Ltd (SARB-regulated, Johannesburg) and Investec Bank plc (PRA/FCA-regulated, London). Its private banking proposition targets high-net-worth and ultra-high-net-worth individuals — primarily professionals, business owners, and entrepreneurs — rather than the mass-affluent market served by mainstream banks. The UK private bank is known for its One Place current account, which bundles a GBP current account, foreign currency facilities, structured lending against investable assets, and a dedicated private banker. The South African private bank offers similar concierge banking alongside foreign-currency accounts, offshore structuring via the Channel Islands booking centre, and integration with Investec Wealth and Investment. US persons are not accepted in either jurisdiction due to FATCA compliance costs. Investec's niche straddles Africa-facing wealth structuring and UK-domiciled HNWI banking, making it particularly relevant for South African expats and entrepreneurs with cross-border GBP/ZAR requirements.
Details
- Headquarters
- South Africa
- Currencies
- 10
- Monthly Fee
- Free
- Non-Residents
- Accepted
- US Persons
- Not accepted
- Debit Card
- Available
- Business Account
- Available
Opening Requirements
- •Minimum annual income of GBP 300,000 or investable assets of GBP 3,000,000 (UK private bank threshold)
- •Certified government-issued photo ID (passport)
- •Certified proof of residential address (utility bill or bank statement within 3 months)
- •Comprehensive source-of-wealth and source-of-funds documentation
- •Employment or business ownership evidence
- •Tax residency declaration and CRS/FATCA self-certification
Restricted Nationalities
Not available to nationals of: united-states, north-korea, iran, cuba, syria, russia
Nationality Acceptance Matrix
Who this provider will and will not onboard. Refusals are listed first. Sourced from the provider's own published terms and recent public onboarding reports — confirm with the provider before applying.
| Nationality | Accepted | Notes |
|---|---|---|
| us | NO | US persons declined — both Investec UK and Investec SA decline US nationals and residents to avoid FATCA compliance obligations. |
| russia | NO | Russian nationals declined post-2022 UK/EU sanctions; Investec UK is FCA/PRA-regulated and applies UK sanctions in full. |
| iran | NO | Blocked — UN/UK/EU/OFAC Iran sanctions applied by both regulated entities. |
| cuba | NO | Blocked — OFAC Cuba sanctions (USD-clearing exposure). |
| north korea | NO | Blocked — UN/OFAC DPRK sanctions. |
| syria | NO | Blocked — UN/UK/EU/OFAC Syria sanctions. |
| uk | YES | UK nationals are a core market for Investec Bank plc; income or asset threshold applies. |
| south africa | YES | South African nationals are the primary market for Investec Bank Ltd; strong domestic private banking network. |
| eu | YES | EU nationals accepted in both UK and SA entities subject to KYC and minimum wealth thresholds. |
| australia | YES | Australian nationals accepted; Investec has an Australian wealth management presence and takes Australian HNWI clients at the UK entity. |
Similar Banking Options
Options matched on type and jurisdiction — not a recommendation.
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Sources & last verified
- Last verified 2026-06-15