Multi Currency Accounts

Dear Client

As a Foreign Currency Account (FCA) holder, we would like to introduce you to yet another first from FNB – Multi Currency Accounts, which offer you the freedom to manage your own foreign currency investments online, where and whenever you prefer!

As an FNB Cheque Account client who is already making use of FNB Online Banking, the opening of an MCA online will not only be easy and swift – it will also introduce you to a host of benefits.

These benefits include:

	A user-friendly account to hold your foreign investment allowance with FNB Online functionality
	Transfers between your Multi Currency Accounts
	Keep incoming funds relating to your authorised offshore assets in foreign currency
	Convert from a foreign currency into Rands or from Rands into a foreign currency, when the rates are favourable to you, subject to normal exchange control requirements
	Hedge against currency risk
	Set up and manage offshore beneficiaries
	View balances and transaction history

The accounts can be opened in the following currencies:

	USD – United States Dollars
	GBP – British Pounds
	EUR – Euro
	INR – Indian Rupees
	AUD – Australian Dollars

It is important to note that we are phasing out the current platform that your Foreign Currency Account (FCA) is housed on and we encourage you to open a new Multi Currency Account (MCA).

The functionality of the Multi Currency Accounts enables you to easily invest in, and manage your foreign currency requirements.

FNB will open your Multi Currency Account on your behalf, and transfer the balances from your existing Foreign Currency Account (FCA) to the new Multi Currency Account (MCA). Once the process is complete, FNB will send you a confirmation email, detailing your new MCA account number, and the balance transferred. Your account and balance details will appear on your FNB Online Banking Profile

Click here for FNB to proceed with the FCA to MCA migration
Click here for more information

Thank you for your time and consideration.

Regards
FNB Forex