Migration to Global Account

Dear Client

This communication serves to inform you that we are phasing out the current platform on which your Foreign Currency Account (FCA) is housed. We will be migrating your current Foreign Currency Account to the FNB Global Account. The FNB Global Account provides increased functionality that enables you to easily invest in, and manage, your foreign currency requirements.

FNB Private Clients 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 March 2014.

As an FNB Private Clients Cheque Account holder who currently uses FNB Online Banking, the migration to a Global Account will not only be easy and swift – it will also introduce you to a host of benefits.

These benefits give you the ability to:

	Hold your foreign investment allowance with FNB Online functionality
	Get 3000 eBucks Reward level points by having an Australian Dollar, Euro, Pound or US Dollar Global Account with a balance greater than 2 000 or an Indian Rupee Global Account with a balance greater than 160 000
	Keep incoming funds relating to your authorised offshore assets in foreign currency
	Convert 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

Should you require more information, please don’t hesitate to contact your Private Banker or our Service Suite on 087 730 6000.

Regards
FNB Private Clients

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