Dear Customer

With FNB Global Accounts, we make investing in foreign currency simple and available anywhere, anytime with
FNB Online Banking.

A Global Account is an account in a foreign currency that allows you to invest your foreign investment allowance, as determined by the South African Reserve Bank.

Open a Global Account online and manage US Dollar, British Pound, Euro, Australian Dollar, Indian Rupees or Chinese Renminbi accounts with the same ease as an FNB Cheque Account.
 
Benefits of a Global Account
  • No monthly fees
  • Earn interest on your Global Account (no minimum balance required)
  • Transact online
  • Make payments to offshore beneficiaries from
    your Global Account
  • Transfer funds between your Global Accounts
  • View balances and transaction history online
  • Any funds which have been invested abroad previously can be paid into your Global Account on its return to South Africa*
  • If you are working abroad your earnings can be paid into your FNB Global Account and be converted at your convenience
 
How to qualify?
  • You must be a South African resident
    		•
  • You must be a registered tax payer
    		•
  • You must be 18 years of age or older
    		•
  • Have a qualifying FNB Cheque Account in
    good standing**
    		•
    Documents required
    The documents required when transferring online from your FNB Cheque Account to your Global Account is dependent on the type of allowance you wish to use:
  • Foreign Investment Allowance: Tax Clearance Certificate and a green bar-coded ID book
    		•
  • Discretionary Allowance: A green bar-coded ID book
    		•
    (A green bar-coded ID book is only required for the first transaction, after which a copy will be uploaded on to our system)

    For more information on our offshore investment solutions, visit www.fnb.co.za/forex or call our Forex Advisory Team on 0860 1 FOREX (36739).

    FNB Forex also offers a comprehensive range of travel and payment solutions.
    Contact us for all your Forex needs!

    *Subject to the presentation of the required exchange control documentation beforehand.

    **An account ‘in good standing’ is one that is not overdrawn, nor are you in debt counselling or any legal or
    collections process with FNB.

    © Copyright 2014, First National Bank - a division of FirstRand Bank Limited.
    An Authorised Financial Services and Credit Provider (NCRCP20).

    Terms and conditions apply.