The account can be opened in 18 different foreign currencies. Find out more. We recommend that you read the privacy policies and terms of the other website. A Foreign Currency Account (FCA) allows non-resident individuals and foreign nationals to hold funds that originate from abroad and that are freely transferable. The content of the website you are visiting is not controlled by Absa. 1.3 Important clauses which may limit our responsibility or involve some risk for you appear in bold and Italics. Tell me more. “Each choice comes with risks, and there’s no ‘perfect’ model,” says Paul Fenwick, CFA: Digital Markets at Absa Group Limited. You are about to leave the Absa Ghana website. We recommend that you read the privacy policies and terms of the other website. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. Absa Bank Ghana Limited is regulated by the Bank of Ghana. Please take note . Interest earned on the account is based on the London Interbank Bid Rate (LIBID) for the investment currency, less a margin determined by Absa. The requested site will open in a new window. Certificate of incorporation or certificate of compliance, if not locally incorporated, Board resolution specifying the signing powers on the company letterhead sealed with the company seal, Signed Absa account opening pack (sealed), National ID card (or passport for non-Ghanaians) for all directors and signatories, 1 passport photo each for all the directors and signatories, Proof of residential address for all directors and signatories, Annual returns (for companies registered over one year ago), National ID card (or passport for non-Ghanaians). You are about to leave the Absa website. These accounts feature no maintenance fee and may be linked to a cheque book. Minimum balances are R5 000 (Call Notice) or R100 000 (Fixed Deposit). You can link the account to your chequebook. Absa | Enquire about a Foreign Currency Account This account is available in EUR, USD and GBP and you may apply along with another applicant. How to deposit funds into my foreign currency account? Choose the account that best suits your needs. What you need to know. The content of the website you are visiting is not controlled by Absa Tanzania. Receive exclusive discounted rates and higher loan limits. With an Absa current account, is is much easier to pay your bills, make purchases and stay in control of your finances. Offers the opportunity to have a varied investment portfolio. Our Foreign Currency Account (FCA) allows you to invest in eight international currencies namely US dollar (USD), British pound sterling (GBP), euro (EUR), Australian Dollars (AUD), Canadian Dollars (CAD), Hong Kong Dollars (HKD), Japanese Yen (JPY) and Israeli Shekels (ILS). Foreign Exchange ; Foreign Currency Account; International Payments; International Trade; Travel; Additional Services; Digital Channels. Amounts may be withdrawn from these accounts. Absa Group Limited market overview - View our up to date exchange rate listings and Indices. This link is being offered for your convenience and Absa Ghana is not responsible for accuracy or security of the information provided. You are about to leave the Absa Ghana website. Menu. “It is therefore important for clients to understand these risks,” says Fenwick. Please print on company letterhead, stamp and signed by the authorised person. Absa customers can click on the ‘Apply now’ tab to open a Currency Investment Account. Open a Foreign Currency Account today. New account details will be SMSed to you. Facilitating specialised transactional arrangements through an escrow or pledged account has never been easier. Close. Foreign currency investment accounts are tools that ‘democratise’ savings because they give people the personal freedom to quickly, easily and conveniently put some of their hard-earned savings in foreign currency – via online banking. Investments in currencies other than the above will be subject to negotiation. There is a minimum opening balance. Tel: +233 (30) 2429150 (network charges apply), Low maintenance fee of up to USD7.30 per month, A range of benefits tailored for your needs. Tell me more. Customer Foreign Currency account 1 Introduction 1.1 These Terms become effective when you register for a Customer Foreign Currency Account. Absa Bank Limited, Registration number 1986/004794/06. Premier Current Account. The content of the website you are visiting is not controlled by Absa. What you need to know. You’ll receive statements as set out in your Retail Customer Agreement. Registered in Ghana (registered no. Close. We use cookies to optimise the user experience. Find out how they impact business and international banking as Reggie Mlangeni, Head of Client Solutions Group at Absa Corporate and Investment Banking, explains the art and science of managing your foreign … You are about to leave the Absa Tanzania website. Open yours today. The content of the website you are visiting is not controlled by Absa. You are about to leave the Absa website. We recommend that you read the privacy policies and terms of the other website. You are about to leave the Absa website. Foreign Currency Account – your key to the world. Get in touch with us now! The requested site will open in a new window. The Foreign Currency Investment Account is a tool that gives you the freedom to quickly, easily and conveniently switch your savings to a foreign currency – it is connected to Absa’s online banking and is quick and simple to use. We use cookies to optimise the user experience. Apply now You may also be interested in The content of the website you are visiting is not controlled by Absa Ghana. Premium Banking: Get a better perspective with our Premium Banking cheque account and enjoy added convenience through our Premium service. Accept Cancel. The requested site will open in a new window. We use cookies to optimise the user experience. Absa’s Swift solutions allow you to send and receive money cross-border into your local bank account, while the partnership with Western Union enables you to send money internationally conveniently via Absa’s internet banking platform, or of you prefer, at an Absa branch. Registered Office: Absa House, High Street, Accra, Ghana. There’s no fee for transferring money between your Foreign Currency Account and Barclays sterling current accounts. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7). Tell me more. Income earned on these accounts is taxable in South Africa. Opening a Personal Foreign Currency Current Account with Absa is straightforward. A quick look at the benefits of banking with us. Choose your account. Complete all the fields and follow the four-step process to fund the account. Close. We recommend that you read the privacy policies and terms of the other website. The world is the rand’s oyster, as you can choose from 17 different currencies, including the dollar, pound and euro. Open an Absa account. Traditionally, where corporates encountered shipment delays, exchange control regulations permit for funds to be kept in a customer foreign currency (CFC) account for only up to 30 days in order to preserve the value of the funds without encouraging foreign currency hoarding. Licence to operate (Alvará). The requested site will open in a new window. You are about to leave the Absa Bank of Uganda website. Absa is also proud to be the only big bank offering an African currency savings account (Botswana’s pula) in easy reach – just a few clicks. Tell me more. Articles of association published on public Gazeta (Boletim da República). This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Planning to travel, send money abroad, exchange foreign currency or invest? We offer commercial Foreign Currency Current Accounts in US dollar (USD), euro (EUR), Swiss franc (CHF) and British pound sterling (GBP). With our Foreign Currency Account, you can manage all your international business transactions. Home; Commercial; Open an account; Current accounts; Foreign Currency Account enquire ; Search. Expand the 'inter-account transfers' gadget, Select  the transfer type as 'international', In the field 'from account' select your cheque/transactional account as linked to your profile, In the field 'to account' select your currency investment account linked to your profile. Minimum income: R4 000; Switch my debit orders and salary. This link is being offered for your convenience and Absa Ghana is not responsible for accuracy or security of the information provided. Interest is payable in arrears, in the currency of the principal investment and can be paid on a monthly basis or can be capitalised over and above the maximum permissible limit. These funds can therefore be kept in currency and withdrawn at the client's convenience. Entity's NUIT. You can choose from 17 different currencies, including the dollar, pound and euro. It’s affordable and tailored for your international business needs and you can transfer money to your preferred destination quickly and safely. We use cookies to optimise the user experience. It allows for international payment in the currency of the account to a third party, although instructions have to be given in-branch. The account can be opened in 18 different foreign currencies. Absa Investor Services Support for custody and trustee requirements; Custody Online Portal Manage multiple profiles and security accounts; International Banking. Accept Cancel. Foreign Exchange; Foreign Currency Account; International Payments; International Trade; Travel; Additional Services; Digital Channels. Please take note. CS144072016). We have a world of international banking service for you. Once you have opened an account with … World-class assistance. Apply now. Logon. Home; Corporate and International; Open an account; Explore ; Search. Logon. The content of the website you are visiting is not controlled by Absa Ghana. The requested site will open in a new window. This link is being offered for your convenience and Absa Ghana is not responsible for accuracy or security of the information provided. Tell me more. He warns that foreign exchange rates fluctuate all the time (not just during health crises), with the rand being a notoriously volatile currency. Foreign Exchange Account With our Foreign exchange account, you’re guaranteed to transact on domestic and international markets, you can also mitigate risk and manage transaction opportunities. As the exchange rates fluctuate on a daily basis, the rand equivalent of the foreign currency amount deposited in the account can’t be guaranteed. Contact us to find your nearest foreign exchange branch, Authorised Financial Services Provider and a registered credit provider (NCRCP7), It acts as a hedge against adverse fluctuations in foreign currency, It is a savvy way to diversify your investment portfolio, Your official South African identity document, Log in to your Absa Online banking profile, Expand the international banking solutions taps, Accept the Surecheck 2.0 pop-up message on your cell phone, Confirm all the details and click open account. Get access to a select range of products and services. Sitemap  |  Absa Bank Ghana Limited. No interest is paid on the credit balance in your Foreign Currency Current Account. Minimum income: R25 000 ; Gold Value Bundle: Enjoy great value for money that reflects your earning status. Our current low interest-rate environment, comes with a number of opportunities and risks. This link is being offered for your convenience and Absa Seychelles is not responsible for accuracy or security of the information provided. Free transfers between Barclays accounts. Experience the convenience of fast, flexible corporate banking in major currencies. We use cookies to optimise the user experience. We offer foreign currency accounts in US dollar, British pound, South African rand, euros and other major currencies. You are about to leave the Absa Ghana website. A debit interest is calculated daily on overdrawn balances on this account and debited monthly. You are about to leave the Absa website. Please take note. The content of the website you are visiting is not controlled by Absa. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Letter requesting the account opening, specifying the currency, naming the subscribers and its conditions of movement. Enquire now. Apply now. Simply visit your nearest branch and provide us with the following documents: A valid identification document such as a passport or national identity card; Documentary proof of address such as … Apply now. Close. Enquire now. Special Arrangement Account. Investments in currencies other than the above will be subject to negotiation. We use cookies to optimise the user experience. If you’re not an Absa customer, complete the form below and we will call you back. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Tell me more. Regular statements. Menu. The content of the website you are visiting is not controlled by Absa. Tell me more. Foreign currency investment accounts are governed by South African exchange control rules and Regulations. Please take note. Earn in rands and … The requested site will open in a new window. Prestige Current Account. Foreign currency investment accounts are governed by South African exchange control rules and Regulations. 1.2 You must know, understand and comply with these Terms as they are a binding agreement between you and us. Absa offers competitive pricing for your hard-earned foreign currency by giving you access to competitive deposit rates and treasury products. The Foreign Currency Account is a non-interest-bearing account. Deposits and withdrawals by means of stop orders are not permissible. No interest is paid on the credit balance. This link is being offered for your convenience and Absa Tanzania is not responsible for accuracy or security of the information provided. As the exchange rates fluctuate on a daily basis, the rand equivalent of the foreign currency amount deposited in the account can’t be guaranteed. The Foreign Currency Account can help you save on exchange fees and avoid potential exchange rate loss. Foreign Currency Account. We recommend that you read the privacy policies and terms of the other website. The content of the website you are visiting is not controlled by Absa Ghana. There are no minimum balances on the account. A minimum opening balance of USD2,000 (or equivalent) is required. We recommend that you read the privacy policies and terms of the other website. If you trade or operate abroad, a foreign currency account can reduce your administration costs and protect against exchange rate movements. We recommend that you read the privacy policies and terms of the other website. Provides protection against fluctuations in the rand exchange rate. A world-class team ready to assist you every … Tell me more. It’s affordable and tailored for your international business needs and you can transfer money to your preferred destination quickly and safely. Commercial certificate, issued less than 3 months ago. A Currency Investment Account may not be overdrawn. Absa Investor Services Support for custody and trustee requirements; Custody Online Portal Manage multiple profiles and security accounts; International Banking. Looking to diversify your investment portfolio? Absa’s foreign currency account is available in the major currencies and can be a transactional account, call notice or fixed deposit. Cash handling of 0.25% for amounts above USD10,000 or equivalent. And terms of the information provided the major currencies we use cookies to optimise the user experience for above! Payment in the rand exchange rate loss fixed deposit ) giving you access to competitive deposit rates and treasury.... Policies and terms of the other website and trustee requirements ; custody Online Portal manage multiple profiles and accounts! Home ; Commercial ; open an Absa Customer, complete the form below and we call. By giving you access to a third party, although instructions have to given... 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