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It is important to note that we are phasing out the current platform that your Foreign Currency Account (FCA) is housed on, and this email requires your attention.

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

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

FNB will open your Global Account on your behalf, and transfer the balances from your existing Foreign Currency Account (FCA) to the new Global Account. Once the process is complete, your account and balance details will appear on your FNB Online Banking Profile.
 
     The migration will take place during April 2013.
 
As an FNB Cheque Account client who is already making use of FNB Online Banking, the migration to Global Account 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 Global 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 are available in the following currencies:
 
USD – United States Dollars
GBP – British Pounds
EUR – Euro
INR – Indian Rupees
AUD – Australian Dollars
 
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Thank you for your time and consideration.

Regards
FNB Core Banking Solutions
 
 
     
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