Foreign Currency Accounts
An excellent account for those who prefer saving their funds in foreign currency, and require a low cost transactional account.
Account features
- Available in US$, GBP (£) and EUR (€)
- Opening balance - $100; £50; €70
- Minimum balance - $100; £50; €70
- Penalty below minimum balance – $3; £3; €3
- Ledger fee - $15; £8; €10
- Cheque book
Requirements:
- Copy of ID/ passport of the signatories
- 2 recent passport-size photographs of each signatory
- Business registration certificate
- Copy of Personal Identification Number (PIN) certificate of the organisation
- Latest audited accounts
- Current annual returns filed with the Registrar of Companies
- Copy of utility bill (electricity, water, telephone etc)
- Sound and reliable introduction (preferably a customer at the bank)
- Duly completed account opening form
