Dear Mr x
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.
