There are marked restrictions on the operation of Foreign Exchange Accounts. This is because funds on the account are typically sourced internally from normal cash lodgments or credits from other Foreign Exchange Accounts of other Banks. Transfers from such accounts to external destinations are restricted; as they need to be supported by Bank of Ghana approved documentation.

Features

• Cheques are issued Foreign Currency and Foreign Exchange Account
• Currencies available: USD, GBP, and EURO.
• Minimum Initial Deposit: USD 500.00 or its equivalent
• Negotiation/Collection of Commission (payment may be in GHC)
• Standing Orders
• Sales/purchase Foreign Cash

• Protected from exchange fluctuations
• Flexibility in movement of funds over currencies
• Facilitates foreign exchange transfers
• Affords convenience of issuing cheque

To open a Foreign Currency Accounts (FCA) or Foreign Exchange Accounts (FEA), contact any of our branches and we would be pleased to assist you.