With the FNB Global Account you can start saving and transacting in nine foreign currencies without having to leave South Africa. You can open and manage your Global Accounts online with the same ease as an FNB Cheque Account. It's a safe and secure way of saving in a foreign currency.
A Global Account is an account in a foreign currency that allows you to invest your foreign investment allowance. Open and manage an account online in the currency of your choice and earn interest. To transfer funds from your FNB Cheque Account into your Global Account simply login, select Transfer, select Global Transfer icon and complete the relevant details.
No monthly fees
No minimum balance required
Make payments to offshore beneficiaries
Earnings from abroad can be paid into your Global Account
View balances and transaction history online or via the FNB Banking app
Do transfers between your Global Accounts
Keep funds relating to your authorised offshore assets in foreign currency
Convert from a foreign currency into rand or other Global Account currencies
Use your Global Account to order, reload and cash out your Multi-currency Cash Passport before, during and after you travel
Making offshore payments from your Global Account is now as simple as 1,2...
Set up your beneficiary using the 'Forex' tab on your FNB Online Banking Profile
Capture all payments details and make the payment from your Global Account
You have the option to invest funds abroad making use of the R1 million Single Discretionary Allowance, or the Foreign Investment Allowance for investments of up to R10 million using one of the following channels.
If you simply want to start investing your funds abroad every month, you can make use of your R1million single discretionary allowance; without having to provide a Tax Clearance Certificate! (Remember, when managing your limit this allowance covers travel, gifts and a number of other types of transactions including investment)
Should the R1million not be sufficient, you can also make use of your R10million foreign investment allowance; with the relevant tax clearance certificate
Original supporting documentation to be delivered to your local FNB branch, Private Banker, or couriered to the FNB Forex offices.