Please select


For My Business

< 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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Currencies


Currencies USD GBP AUD INR
Tiered Pricing Interest Rate (pa) Interest Rate (pa) Interest Rate (pa) Interest Rate (pa)
[0 - 5 000) 0.33% 0.35% 0.00% 5.22%
[5 000 - 15 000) 0.35% 0.36% 0.00% 5.51%
[15 000 - 50 000) 0.37% 0.37% 0.00% 5.76%
[50 000 - 300 000) 0.39% 0.40% 0.00% 5.79%
[300 000 - 1 000 000) 0.42% 0.44% 0.00% 7.12%
[1 000 000+) 0.44% 0.45% 0.00% 7.40%

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

LSL - Lesotho Loti

MUR - Mauritian Rupee

MWK - Malawian Kwacha

MYR - Malaysian Ringgit

MZN - Mozambican Metical

NAD - Namibian Dollar

NGN - Nigerian Naira

NOK - Norwegian Krone

NZD - New Zealand Dollar

PKR - Pakistani Rupee

PLN - Polish Zloty

SEK - Swedish Krona

SGD - Singapore Dollar

SZL - Swazi Lilangeni

THB - Thai Baht

TZS - Tanzanian Shilling

UGX - Ugandan Shilling

ZMW - Zambian Kwacha


Please call 0877 362 247 or complete the call me back form or send an email us to accountopening@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. It's specifically designed for South African businesses involved in import and/or export transactions, as well as providers of services receiving or making regular foreign currency payments or require trade finance to facilitate transactions.

What this is


Business Global Account (CFC)

Our Business Global Accounts are elected currency denominated accounts which can be used to mitigate exchange rate risk. It is used by exporters and importers to hold foreign currency for payment of goods or receipt of funds for products supplied or services rendered.

Features + benefits


Business Global Account (CFC)

The Business Global Account (CFC) is ideal for businesses involved in import and export transactions, such as shipping agents, freight forwarders, marine insurance, stockbrokers and other similar businesses.

Variety of currencies

We offer 33 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 33 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 based businesses

Standard FICA documentation will be required to open a Business Global Account (CFC). Quali!cation of this account is subject to the Exchange Control 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.

 

Currencies


Available currencies

 

Applying made easy


Business Global Account (CFC)

Qualifying criteria

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

How to get it

Apply now!

Other ways to apply

Complete the call me back form

Contact us


Non-Resident based entities

Email us

What is needed

  • FICA documentation
  • Additional criteria and information may be required