Foreign Currency Account

Overview

It is a current account tailored for customers’ international transaction needs, operated in USD, GBP or EUR and funded exclusively from sources outside the country

Qualifying criteria

All individuals over 18 including: –

• Ghanaians and

• Expatriates 

Here’s what you will get with your FCA

• Withdrawals can be made in local currency (GHS) at the prevailing exchange rate or in the currency of the account
• Customized cheque book for easier payments

Things to know

• Opened in USD, GBP or EUR it is a current account that does not accept cash deposit over the counter
• It can only be funded with remittances from abroad or from other foreign currency accounts
• Cash withdrawals will attract a specified percentage fee of the face value of the amount

Benefits for the customer

• Helps to facilitate foreign transactions.
• Helps to hedge against currency fluctuation
• Reduced transaction cost on foreign payments
• Enjoy access to internet and mobile banking services

Requirements

• Completed account opening form
• Proof of identity (Ghana Card)
• Proof of residential address e.g. utility bill/ employer’s reference (Security Services)/ income tax certificate/ tenancy agreement / third-party confirmation form 
• One passport-sized photograph
• Initial deposit