Menu
South African Citizens, 18 years+, have an FNB Cheque Account, annual salary of R100 000+ (before tax)
Multi-Currency Accounts
A foreign currency account that allows you to invest your foreign exchange investment allowance, as determined by the South African Reserve Bank.
What the Multi-Currency Accounts offers me:
- The ability to take advantage of your foreign investment allowance of up to R4 million per annum
- The ability to also invest your R1 million discretionary allowance, as determined by the South African Reserve Bank, for investment purposes without a Tax Clearance Certificate
- An easy and seamless way to gain exposure to key international currencies
- No need for the administration overhead that is normally associated with getting exposure to international markets
- An excellent diversification opportunity, as an individual investor
What this allows me to do:
Invest in Multi-Currency by:
- Funding your Multi-Currency Account from your Cheque Account
- Transferring funds between Multi-Currency Accounts
- Making investment payments overseas
- Receiving payments from overseas
- Repatriating invested funds from your Multi-Currency Account to your Cheque Account
Which currencies are available?
US Dollars, British Pounds, Euros, Australian Dollars and/or Indian Rupees.
What are the current exchange rates?
Save and Invest
Call me back