absa foreign currency account

You can link the account to your chequebook. Absa’s foreign currency account is available in the major currencies and can be a transactional account, call notice or fixed deposit. Free transfers between Barclays accounts. We offer foreign currency accounts in US dollar, British pound, South African rand, euros and other major currencies. Absa customers can click on the ‘Apply now’ tab to open a Currency Investment Account. It’s affordable and tailored for your international business needs and you can transfer money to your preferred destination quickly and safely. This link is being offered for your convenience and Absa Tanzania is not responsible for accuracy or security of the information provided. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7). 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. 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 … “It is therefore important for clients to understand these risks,” says Fenwick. 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. Premier Current Account. Open an Absa account. You are about to leave the Absa Tanzania website. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Interest earned on the account is based on the London Interbank Bid Rate (LIBID) for the investment currency, less a margin determined by Absa. Looking to diversify your investment portfolio? This link is being offered for your convenience and Absa Ghana is not responsible for accuracy or security of the information provided. We use cookies to optimise the user experience. Amounts may be withdrawn from these accounts. If you trade or operate abroad, a foreign currency account can reduce your administration costs and protect against exchange rate movements. Minimum income: R4 000; Switch my debit orders and salary. The requested site will open in a new window. Regular statements. The content of the website you are visiting is not controlled by Absa. Choose the account that best suits your needs. Customer Foreign Currency account 1 Introduction 1.1 These Terms become effective when you register for a Customer Foreign Currency Account. Opening a Personal Foreign Currency Current Account with Absa is straightforward. The content of the website you are visiting is not controlled by Absa Ghana. CS144072016). Apply now. We use cookies to optimise the user experience. Foreign currency investment accounts are governed by South African exchange control rules and Regulations. Provides protection against fluctuations in the rand exchange rate. No interest is paid on the credit balance in your Foreign Currency Current Account. Licence to operate (Alvará). 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). With an Absa current account, is is much easier to pay your bills, make purchases and stay in control of your finances. These accounts feature no maintenance fee and may be linked to a cheque book. Please take note. We use cookies to optimise the user experience. Absa | Enquire about a Foreign Currency Account This account is available in EUR, USD and GBP and you may apply along with another applicant. 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. New account details will be SMSed to you. 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. Menu. We recommend that you read the privacy policies and terms of the other website. A quick look at the benefits of banking with us. 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. Tell me more. We use cookies to optimise the user experience. 1.3 Important clauses which may limit our responsibility or involve some risk for you appear in bold and Italics. The world is the rand’s oyster, as you can choose from 17 different currencies, including the dollar, pound and euro. Investments in currencies other than the above will be subject to negotiation. The content of the website you are visiting is not controlled by Absa. Complete all the fields and follow the four-step process to fund the 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. Minimum balances are R5 000 (Call Notice) or R100 000 (Fixed Deposit). We recommend that you read the privacy policies and terms of the other website. You’ll receive statements as set out in your Retail Customer Agreement. Premium Banking: Get a better perspective with our Premium Banking cheque account and enjoy added convenience through our Premium service. Tell me more. There is a minimum opening balance. Enquire now. He warns that foreign exchange rates fluctuate all the time (not just during health crises), with the rand being a notoriously volatile currency. You are about to leave the Absa Ghana website. With our Foreign Currency Account, you can manage all your international business transactions. We offer commercial Foreign Currency Current Accounts in US dollar (USD), euro (EUR), Swiss franc (CHF) and British pound sterling (GBP). We use cookies to optimise the user experience. We recommend that you read the privacy policies and terms of the other website. Investments in currencies other than the above will be subject to negotiation. Absa Bank Limited, Registration number 1986/004794/06. The Foreign Currency Account can help you save on exchange fees and avoid potential exchange rate loss. Apply now. Tell me more. Cash handling of 0.25% for amounts above USD10,000 or equivalent. The account can be opened in 18 different foreign currencies. There are no minimum balances on the account. Enquire now. Foreign Currency Account. Experience the convenience of fast, flexible corporate banking in major currencies. You are about to leave the Absa website. “Each choice comes with risks, and there’s no ‘perfect’ model,” says Paul Fenwick, CFA: Digital Markets at Absa Group Limited. Open yours today. Foreign currency investment accounts are governed by South African exchange control rules and Regulations. A debit interest is calculated daily on overdrawn balances on this account and debited monthly. You are about to leave the Absa website. Absa Investor Services Support for custody and trustee requirements; Custody Online Portal Manage multiple profiles and security accounts; International Banking. Deposits and withdrawals by means of stop orders are not permissible. Menu. It allows for international payment in the currency of the account to a third party, although instructions have to be given in-branch. A minimum opening balance of USD2,000 (or equivalent) is required. This link is being offered for your convenience and Absa Ghana is not responsible for accuracy or security of the information provided. We recommend that you read the privacy policies and terms of the other website. You are about to leave the Absa Ghana website. A Currency Investment Account may not be overdrawn. You are about to leave the Absa Bank of Uganda website. Accept Cancel. These funds can therefore be kept in currency and withdrawn at the client's convenience. Get access to a select range of products and services. Please take note. Once you have opened an account with … Special Arrangement Account. Tell me more. Offers the opportunity to have a varied investment portfolio. This link is being offered for your convenience and Absa Ghana is not responsible for accuracy or security of the information provided. Commercial certificate, issued less than 3 months ago. Absa offers competitive pricing for your hard-earned foreign currency by giving you access to competitive deposit rates and treasury products. We have a world of international banking service for you. The content of the website you are visiting is not controlled by Absa. We recommend that you read the privacy policies and terms of the other website. Open a Foreign Currency Account today. What you need to know. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. Tell me more. Absa Group Limited market overview - View our up to date exchange rate listings and Indices. Please print on company letterhead, stamp and signed by the authorised person. Please take note. If you’re not an Absa customer, complete the form below and we will call you back. Close. Apply now You may also be interested in Foreign Exchange ; Foreign Currency Account; International Payments; International Trade; Travel; Additional Services; Digital Channels. The requested site will open in a new window. Close. Tell me more. You are about to leave the Absa website. The content of the website you are visiting is not controlled by Absa Tanzania. Close. Registered Office: Absa House, High Street, Accra, Ghana. The requested site will open in a new window. Earn in rands and … The requested site will open in a new window. This link is being offered for your convenience and Absa Seychelles is not responsible for accuracy or security of the information provided. Our current low interest-rate environment, comes with a number of opportunities and risks. The Foreign Currency Account is a non-interest-bearing account. Absa Bank Ghana Limited is regulated by the Bank of Ghana. 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. 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). A world-class team ready to assist you every … Prestige Current Account. The account can be opened in 18 different foreign currencies. There’s no fee for transferring money between your Foreign Currency Account and Barclays sterling current accounts. Minimum income: R25 000 ; Gold Value Bundle: Enjoy great value for money that reflects your earning status. The requested site will open in a new window. Absa Investor Services Support for custody and trustee requirements; Custody Online Portal Manage multiple profiles and security accounts; International Banking. Home; Commercial; Open an account; Current accounts; Foreign Currency Account enquire ; Search. No interest is paid on the credit balance. Income earned on these accounts is taxable in South Africa. Registered in Ghana (registered no. Apply now. The requested site will open in a new window. What you need to know. Planning to travel, send money abroad, exchange foreign currency or invest? Foreign Exchange; Foreign Currency Account; International Payments; International Trade; Travel; Additional Services; Digital Channels. Sitemap  |  Absa Bank Ghana Limited. 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 … The content of the website you are visiting is not controlled by Absa Ghana. You are about to leave the Absa Ghana website. Tell me more. Please take note . 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. How to deposit funds into my foreign currency account? 1.2 You must know, understand and comply with these Terms as they are a binding agreement between you and us. Entity's NUIT. Close. The content of the website you are visiting is not controlled by Absa Ghana. Logon. Logon. Foreign Currency Account – your key to the world. Letter requesting the account opening, specifying the currency, naming the subscribers and its conditions of movement. 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. You can choose from 17 different currencies, including the dollar, pound and euro. We recommend that you read the privacy policies and terms of the other website. Accept Cancel. It’s affordable and tailored for your international business needs and you can transfer money to your preferred destination quickly and safely. 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. Home; Corporate and International; Open an account; Explore ; Search. Find out more. Get in touch with us now! We use cookies to optimise the user experience. Receive exclusive discounted rates and higher loan limits. Articles of association published on public Gazeta (Boletim da República). World-class assistance. 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. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. 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. A Foreign Currency Account (FCA) allows non-resident individuals and foreign nationals to hold funds that originate from abroad and that are freely transferable. Facilitating specialised transactional arrangements through an escrow or pledged account has never been easier. 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. Choose your account. Tell me more. You are about to leave the Absa website. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. The content of the website you are visiting is not controlled by Absa. Rules and Regulations 0.25 % for amounts above USD10,000 or equivalent withdrawn at the benefits of with... Provider ( NCRCP7 ) the requested site will open in a new window Current... Planning to Travel, send money abroad, a foreign Currency account Barclays. 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And Barclays sterling Current accounts ; International Payments ; International banking service for you in! 1.3 Important clauses which may limit our responsibility or involve some risk for you opening balance of USD2,000 or.

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