SARS is responsible for protecting taxpayers against unauthorised changes to their personal details. Taxpayers wishing to register or change their banking details must visit a SARS branch in person and present the documentation required for verification before SARS will process any changes to their banking details.
Requirements for different types of bank accounts
1. Own bank account:
2. Joint bank account:
3. Third party bank account:
Can I send someone else to the SARS branch on my behalf if I give them power of attorney?
No. The taxpayer must still visit a SARS branch in person to register or verify his/her banking details except for certain exceptional circumstances set out in the following paragraph.
The exceptional circumstances where SARS will allow registration and verification of banking details by someone else than the taxpayer, provided that the other person has power of attorney, are when the taxpayer is:
1. An estate due to death or sequestration
2. Incapacitated or terminally ill
3. A non-resident (emigrant/expatriate/foreigner/temporarily outside South Africa)
4. In jail
5. Under 18 years of age
Documentation required for verification of banking details
1. Proof of identity:
Original and valid ID document/Passport/Driver’s Licence/Asylum Seeker’s Permit plus one certified copy thereof
2. Proof of banking details:
2.1 Copy of bank statement with original bank stamp or ABSA eStamped statement
2.2 Taxpayer opened a new bank account but have not received a bank statement yet
3. Proof of residential address:
Copy of any one of the documents listed below.
3.1 Document not older than three months:
3.2 Document not older than six months:
3.3 Document not older than 12 months:
3.4 If none of the above documentation is applicable/available, the taxpayer must complete and submit Form CRA01.
SARS is taking their responsibility to protect taxpayers’ banking details seriously. Despite the inconvenience, it is to the taxpayer’s benefit to confirm their banking details with SARS to ensure that the taxpayer entitled to the refund will actually be the person to receive the refund.
This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or ommissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.