Multi Currency Accounts

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!

And, if you’re already making use of FNB Online Banking, you simply can’t make it any easier and here’s why:

	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
	You can repatriate authorised capital from abroad or send your foreign earnings from wherever you are in the world
	Payments to offshore can be made, via FNB Online Banking, from the Multi Currency Accounts
	Transfers between your FNB Cheque Account and the Multi Currency Accounts can be done via FNB Online Banking, subject to the normal exchange control requirements
	The account can be opened in the following currencies: USD – United States Dollars GBP – British Pounds EUR – Euro INR – Indian Rupees AUD – Australian Dollars

The qualifying criteria for the Multi Currency Account in a nutshell:

	It’s only available to South African Residents
	You have to be 18 years of age or older
	You have to have a qualifying FNB Cheque Account which is in good standing *

It also enables you to take advantage of your foreign investment allowance either using the R4m or R1m individual allowances.

In addition, 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.

To open a Multi Currency Account:

	Log on to your account on www.fnb.co.za
	Click on the ‘Accounts’ tab
	Select ‘New Account: Apply Online’ on the left
	Multi Currency Accounts appear under ‘Bank Accounts’
	Complete fields and new account details will be e-mailed to you

For more information, click here.

First National Bank

*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.

Terms and conditions apply.