How Do I Update My Banking Details With SARS
SARS typically takes 7-14 business days to verify new banking details. During peak tax season, this may take longer. You will receive an SMS and eFiling notification once verification is complete.
How to Update Banking Details on eFiling
Step 1: Log into SARS eFiling
Step 2: Go to 'My Profile'
Step 3: Select 'Banking Details'
Step 4: Click 'Add New Banking Details'
Step 5: Enter your bank name, account number, account type, and branch code
Step 6: Upload a bank statement or stamped letter from your bank as proof
Step 7: Submit and wait for SARS verification (up to 14 business days)
Why SARS Requires Verification
SARS verifies banking details to prevent fraud and ensure refunds go to the correct taxpayer. They cross-check your submitted documents against their records. The account must be in your name (or jointly). Third-party accounts are not accepted.
What If My Refund Went to the Wrong Account
If your refund was paid into an old or incorrect account, contact SARS immediately via their call centre (0800 00 7277) or visit a branch. If the account is closed, the payment should bounce back to SARS, and they will reprocess it once your correct details are updated.
Tips for Smooth Refunds
- Update your banking details as soon as they change
- Use a current account in your own name
- Avoid using business accounts for personal tax refunds
- Check your eFiling profile before filing to confirm details are correct
- Keep your contact details updated so SARS can reach you if there are issues
Frequently Asked Questions
How long does SARS take to verify banking details?
SARS typically takes 7-14 business days to verify new banking details. During peak tax season, this may take longer. You will receive an SMS and eFiling notification once verification is complete.
Can I use someone else's bank account for my refund?
No. SARS requires the bank account to be in your name. They do not pay refunds into third-party accounts as a fraud prevention measure. Joint accounts are acceptable if you are one of the account holders.
What documents does SARS need to verify my bank account?
You need to upload a recent bank statement (not older than 3 months) showing your name and account number, or a stamped letter from your bank confirming your account details.
Can I change banking details at a SARS branch?
Yes. Visit any SARS branch with your ID and proof of banking details. This may be faster than doing it online if you need an urgent update.
What happens if I do not update my banking details?
If your old account is still open, the refund may go there. If the account is closed, the payment will bounce back to SARS and your refund will be delayed until you update your details.
Need Help With Your Tax?
Admin Boss is a registered tax practice with over 20 years of experience helping South African individuals and businesses navigate SARS.