Quick Answer: What Is Accepted As FICA Documents?

What is FICA documentation?

The term “FICA documentation” in point 8 is used to refer to a valid South African identity document or valid foreign passport and proof of address not older than 3 months and in the customer’s name.

Examples: municipality bill/electricity bill, bank statement and retail account statement etc..

Is it safe to use bank statement as proof of address?

Most banks will accept a bank statement as proof of address, provided it’s recent. … Statements are typically accepted from banks, credit unions and building societies. Credit card statements, provided they’re recent, are also generally considered a legitimate option.

How do I submit FICA documents?

How to upload FICA documents.Log into 22seven and go to Settings in the left-hand navigation bar.Scroll down to the FICA documents section under the Your profile header. The status should be “Needed.”Upload proof of your ID by attaching the relevant image file and/or document. … The status will change to Checking and then to Done.

What do I need to FICA my bank account?

What documents are acceptable as proof of residenceUtility bill, e.g. municipal water and lights account or property managing agent statement.Bank statement from another bank on an official bank document or form.Municipal councillor’s letter.Tax certificate.Recent active lease or rental agreement.More items…

What is accepted as proof of address?

Valid Driver’s License. Property Tax Receipt. Posted Mail with name of applicant. Utility Bill.

What does FICA stand for?

Federal Insurance Contributions ActFICA is a U.S. federal payroll tax. It stands for the Federal Insurance Contributions Act and is deducted from each paycheck. Your nine-digit number helps Social Security accurately record your covered wages or self- employment. As you work and pay FICA taxes, you earn credits for Social Security benefits.

What do you do if you don’t have proof of address?

If you don’t have sufficient original documents to prove your address, some financial institutions and government agencies will accept an affidavit filled out by someone you live with. Check with the financial institution or government agency to find out if they have a specific form that you should use.

What documents can be used for FICA?

FICA documents requiredCopy of ID document (SA Citizens) / Passport (Foreign Nationals)Proof of residential address less than three months old (for example utility bill, store account statement, bank document with residential address, DSTV account, municipal letter) … Copy of SARS document confirming income tax number.More items…

How long does it take for FICA documents to be approved?

24 hoursYour FICA documents goes through a verification process and if all information and documents supplied is accurate and correct, you will be approved within 24 hours from the time your documentation is received. Please ensure that all documents supplied meets the requirements in order for the process not to be delayed.

What are FICA documents for Hollywood bets?

FICA is a copy of your identity document (ID, Passport, Drivers Licence) as well as a copy of your Proof of Address/Residence. The proof of address can be a utility bill that clearly shows your address and full name, and must not be older than three months.

What is the purpose of FICA Act?

Under FICA, the FIC works to maintain South Africa’s financial system, and promote economic growth and social development. The FIC also has the mandate to supervise financial institutions, promote compliance with the law, identify proceeds of crime, and combat money laundering and terrorism financing.

What does it mean to be FICA approved?

Are you FICA compliant? For you to enjoy the protection that comes with FICA, it is important to ensure that you are FICA compliant. This simply means that you need to take your South African ID, and your proof of residence, like a municipal bill, that is less than three months old, to your nearest bank branch.

Is giving bank statement Safe?

Alternatively, just be sure account numbers and sensitive information are not on the documents you are sending. Most bank statements these days, are prepared in a manner that makes them safe to email. Financial statements rarely have anything that would jeopardize your personal security or business.

How do I prove residency without bills?

Documents That Can Prove Residency (Besides Utility Bills)Bank Statements. Document description: Preprinted account statements from your bank. … Court Letters. … Government Documents. … Income Tax Statements. … Lease Agreements. … Notarized Affidavit of Residency. … School Records. … Vehicle Registration.

Who pays the FICA tax?

FICA taxes are an employer’s responsibility. But the employer splits the cost 50/50 with the employee by withholding half of the amount due from employees’ paychecks. The employer periodically sends both the employer and employee portions of FICA to the IRS using the Electronic Federal Tax Payments System (EFTPS).

How can I prove residency quickly?

How to Get Proof of Address QuicklyVisit your bank or credit union and ask for a copy of your most recent account statement that includes your name and address. … In some cases, any piece of mail specifically addressed to your name rather than “occupant” or “resident” can be accepted as proof of residency.More items…•

Can I FICA online?

FICA identity verification – It can all be done online.

Can I use bank statement as proof of income?

Bank Statements Asking for an applicant’s two most recent monthly bank statements is a great way to obtain supporting documents for use with pay stubs to verify a tenant’s income. Statements also can be used as a secondary proof of income if an applicant is self-employed.