Foreign Currency Account

think global, bank local.

We provide the following Foreign Currency Accounts as per RMA regulations.

  • FC I – for Individuals;
  • FC II – for Entities; and
  • FC III (accounts opened under Inward Remittance Rule and regulation 2016).
Foreign Currency Account

different types.

Requirements

savings account & approval letter from RMA.

Saving Account a per-requisite for opening a recurring deposit account. If an individual has savings account, recurring account opening can be done via MPay or by filling up the recurring deposit form and submitting it to the nearest branch/extension office.

Benefits

of foreign currency account.

  • Monthly installment will be auto linked with savings account
  • Minimum monthly deposit is Nu.300 until a year
  • Take home interest with your Recurring Deposit Principal
  • On maturity, amount will be directly credited to savings account
  • Availability of certain portion of interest on premature withdrawal