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Currencies

Currencies USD GBP AUD INR
[0 - 5 000) 0.00% 0.00% 0.00% 0.00%
[5 000 - 15 000) 0.00% 0.00% 0.00% 0.00%
[15 000 - 50 000) 0.00% 0.00% 0.00% 0.00%
[50 000 - 300 000) 0.00% 0.00% 0.00% 0.00%
[300 000 - 1 000 000) 0.00% 0.00% 0.00% 0.00%
[1 000 000+) 0.00% 0.00% 0.00% 0.00%

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Qualifying criteria

  1. Must be a South African based entity
  2. Qualifying reason and purpose as per Exchange Control Regulations

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What is needed

  • FICA documentation
  • Additional criteria and information may be required

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Currency list

Available online

USD - US Dollar

GBP - Great British Pound

EUR - Euro

AUD - Australian Dollar

CAD - Canadian Dollar

CHF - Swiss Franc

AED - United Arab Emirates Dirham

CNY - Chinese Renminbi

INR - Indian Rupee

Other available currencies

BWP - Botswana Pula

DKK - Danish Krone

GHS - Ghanaian Cedi

HKD - Hong Kong Dollar

JPY - Japanese Yen

KES - Kenya Shilling

MUR - Mauritian Rupee

MWK - Malawian Kwacha

MZN - Mozambican Metical

NGN - Nigerian Naira

NOK - Norwegian Krone

NZD - New Zealand Dollar

SEK - Swedish Krona

SGD - Singapore Dollar

THB - Thai Baht

TZS - Tanzanian Shilling

UGX - Ugandan Shilling

ZMW - Zambian Kwacha

Please call 087 7 362 247 or complete the call me back form or send an email us to accountopening@fnb.co.za.

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Business Global Account (CFC)

Our Business Global Accounts (CFC), available in 33 different currencies, are used by importers and exporters to hold foreign currency for payment of goods or receipts of incoming currency denominated funds for products supplied or services rendered.

The Business Global Account (CFC) is also useful in mitigating exchange rate risk by maintaining incoming currency denominated funds.

It also attracts no fees and has no minimum balance requirement. You can manage your Business Global Account (CFC) via your FNB Online Banking profile which makes for simplicity and convenience.

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South African Business

Standard FICA documentation will be required to open a Business Global Account (CFC). Qualification of this account is subject to the Exchange Control Regulations (Regulations) broadcast in terms of section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933).

Once we have received and validated the required documents, and your account was successfully vetted by Exchange Control you will be able to activate your new account by making a transfer to the account.

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Not a South African based business?

Non-Resident based entities wanting a CFC Business Account will need to open a Foreign Currency Account (FCA).

To apply for this account please email foreigncurrencyacc@fnb.co.za

Business Global Account (CFC account)

Mitigate exchange rate risk & simplify global transactions

Your business deserves a Business Global Account (CFC) that enables simple import and export transactions.

Apply Now
What this is

What this is

Business Global Account (CFC)

Our Business Global Accounts (CFC), available in 33 different currencies, are used by importers and exporters to hold foreign currency for payment of goods or receipts of incoming currency denominated funds for products supplied or services rendered.

Features + benefits

Business Global Account (CFC)

Variety of currencies

We offer 27 different currencies to choose from.



Eliminate exchange rate risk

Assists in hedging against exchange rate fluctuations. Exporters can also eliminate exchange risk.



Open online

Nine of the 27 currencies can be opened online for single member entities.



Trade finance

Can be used for bridging finance provided it is settled by means of export proceeds.



Who qualifies

South African Business

Standard FICA documentation will be required to open a Business Global Account (CFC). Qualification of this account is subject to the Exchange Control Regulations in terms of section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933).

Currencies

Available currencies

Applying made easy

Apply Now!
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Qualifying criteria

Documents needed


Non-Resident based entities

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Terms and conditions    Pricing Guide

First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).