How To Update Banking Details On Efiling

How To Update Banking Details On Efiling

As a taxpayer, updating your banking details is crucial when it comes to filing your tax returns. If you're using eFiling, it's important to ensure that your banking details are up to date to avoid any delays in receiving your tax refund or making payments to SARS.

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Table
  1. Step-by-Step Guide
    1. Step 1: Log in to eFiling
    2. Step 2: Navigate to the 'SARS Registered Details' tab
    3. Step 3: Select 'Banking Details' from the dropdown menu
    4. Step 4: Update your banking details
    5. Step 5: Verify your banking details
  2. Final Thoughts

Step-by-Step Guide

Here is a step-by-step guide on how to update your banking details on eFiling:

Step 1: Log in to eFiling

The first step is to login to your eFiling account using your login credentials. Once you have successfully logged in, you will be redirected to your eFiling dashboard.

Step 2: Navigate to the 'SARS Registered Details' tab

From your eFiling dashboard, click on the 'SARS Registered Details' tab. This tab displays your registered details with SARS, including your personal information, tax type and banking details.

Step 3: Select 'Banking Details' from the dropdown menu

Under the 'SARS Registered Details' tab, you will see a dropdown menu. Select 'Banking Details' from the dropdown menu to proceed with updating your banking details.

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Step 4: Update your banking details

Once you have selected 'Banking Details', a new page will load where you can update your banking details. Ensure that you have the correct bank account information handy before updating. You will need to provide the following information:

  • Bank Name: Enter the name of your bank.
  • Account Holder Name: Enter the name of the account holder as it appears on your bank statement.
  • Account Type: Select the type of account you have (cheque, savings, or transmission account).
  • Branch Name: Enter the name of the branch where your account is held.
  • Branch Code: Enter the branch code of your bank. This code can be found on your bank statement or by contacting your bank directly.
  • Account Number: Enter your bank account number.
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Once you have updated your banking details, click 'Save' to submit your changes.

Step 5: Verify your banking details

After submitting your updated banking details, you will receive a confirmation message on your screen. You will also receive an email from SARS confirming that your banking details have been updated.

It's important to verify your updated banking details by checking your bank statement to ensure that the changes have been made successfully. If you notice any errors, you can easily update your details again by following the steps outlined above.

Final Thoughts

Updating your banking details on eFiling is a quick and easy process that can help you avoid any delays in receiving your tax refund or making payments to SARS. As a taxpayer, it's important to ensure that your banking details are accurate and up-to-date. By following the above steps, you can easily update your banking details on eFiling and ensure that your tax affairs are in order.

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