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< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

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Staffing Solutions Employee benefits

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Foreign Exchange International Trade Structured Trade + Commodity Finance Business Global Account (CFC account)

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Connect my business the dti initiatives Enterprise and supplier development Business Hub eBucks Rewards for Business DocTrail™ CIPC Integration Channel Instant Accounting Solutions Instant Payroll Instant Cashflow Instant Invoicing SLOW 24/7 Business Desk FNB Business Fundaba nav» Marketplace Prepaid products Accounting integrations

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Corporate Public Sector

All savings + investment accounts


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Financial planning

Overview

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%

Qualifying criteria


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

What is needed


  • FICA documentation
  • Additional criteria and information may be required

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.

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.

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.

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.

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)

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


Qualifying criteria

Documents needed


Non-Resident based entities

Email us