Good day [TITLE] [SURNAME]
FNB is pleased to inform you that your Global Account (formerly called the Multi Currency Account) is getting even better.
FNB is making enhancements to the Global Account so that we are able to offer you additional and improved functionality in the near future. In the meantime, there will be a marginal impact for you as the reporting requirements are changing. When funding the Global Account from your FNB cheque account, the Balance of Payment (BOP) reporting code will change from category code 607 to 606. The standard documentation requirements will remain unchanged.
This latest enhancement allows FNB to change the platform that your Global Account is housed on, thus enabling further functionality and access. The required system changes are currently underway, and we will notify you as soon as they are ready for release, so watch this space!.
In the interim, you can simply continue to enjoy the current benefits of having, and using, your Global Account.
Remember, there are no monthly fees, and you earn interest on your Global Accounts (no minimum balance required). |
| |
 |
| Currency |
Interest Rate * |
| USD (US Dollar) |
0,40% |
| EUR (Euro) |
0,15% |
| GBP (British Pound) |
0,50% |
| AUD (Australian Dollar) |
3,00% |
| INR (Indian Rupee) |
6,00% |
| * Interest rates are subject to change |
|
 |
| |
With a Global Account you can:
|
| |
 |
Do transfers between your Global Accounts |
|
Keep incoming funds relating to your authorised offshore assets in foreign currency |
|
Convert from a foreign currency into Rand or from Rand into a foreign currency, when the rates are favourable to you |
|
Set up and manage offshore beneficiaries |
|
View balances and transaction history |
|
| |
Global Accounts offer you a hedge against currency risk.
|
| |
| Open your Global Account within 3 minutes: |
| |
|
Log on to your FNB Online Banking profile |
|
Click on the ‘Forex’ tab |
|
Select “Global Account’ on the left |
|
Choose your currency, and confirm your details |
|
| |
| Thank you for your time and consideration. |
| |
| Regards |
| FNB Core Banking Solutions |
