| Dear Client |
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| If you enjoy banking online, transacting and managing your finances in a quick and easy way, this account could be just what you’ve been looking for. In fact, you won’t even have to do much, as one of the qualifying criteria – which is to have an FNB Cheque Account, has already been met! |
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| And, if you’re already making use of FNB Online Banking, you simply can’t make it any easier and here’s why: |
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A Multi Currency Account is an account, which can be opened online, enabling you to hold your foreign exchange investment allowance in a foreign currency |
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Payments in foreign currency from offshore can be made into the Multi Currency Accounts |
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Payments to offshore can be made, via FNB Online Banking, from the Multi Currency Accounts |
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Transfers between your FNB Cheque Account and the Multi Currency Accounts can be done via FNB Online Banking |
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The account can be opened in the following currencies:
USD – United States Dollars
GBP – British Pounds
EUR – Euro
INR – Indian Rupees
AUD – Australian Dollars |
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| The qualifying criteria for the Multi Currency Account in a nutshell: |
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It’s only available to South African Residents |
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You have to be 18 years of age or older |
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You have to have a qualifying FNB Cheque Account which is in good standing |
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| It also enables you to take advantage of your foreign investment allowance of up to R4 million per annum, as well as your R1 million discretionary allowance (in line with the South African Reserve Bank requirements). Your discretionary allowance can be used for investment purposes WITHOUT a Tax Clearance Certificate! |
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| So, if you’re interested in capital repatriation or sending your salary, inheritance or savings from wherever you are in the world and wish to invest it in one of the currencies on offer - via your FNB Cheque Account, you can do so with FNB’s latest offering – the Multi Currency Account. |
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| The Multi Currency Account allows you to do a host of things and what’s more, at anytime, without paperwork or obtaining prior per mission. |
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| For more information, call 08601 Forex (36739) or e-mail us on Forex@fnb.co.za. |
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| *An account "in good standing" is one that is not overdrawn or in arrears, nor are you in debt counselling or any legal or collections process with FNB |
