Foreign Exchange Account (FEA)
Overview
This is designed exclusively for individuals with foreign currency funds acquired from domestic sources. Our Forex Account offers a secure and convenient way to manage your USD, GBP, or EUR funds generated locally.
Qualifying Criteria
All individuals over 18 including;
- Ghanaians and
- Expatriates
Here’s what you will get with your FEA
- Cash deposit over the counter is accepted
- Non-interest-bearing account
- Personalized cheque book for easier payments
Things to know
- Opened in USD, GBP or EUR
- It is a current account
- No charge on withdrawals in account currency
- Withdrawal can be made in the foreign currency or local currency at the prevailing exchange rate.
Benefits for the customer
- Access to internet and mobile app services
- Helps to hedge against currency fluctuation
Requirements
- Completed account opening form
- Proof of identity (Ghana Card)
- Proof of residential address e.g. utility bill/ employer’s reference (Security Services)/ income tax certificate/ tenancy agreement / third-party confirmation form
- One passport-sized photograph