A Nedbank Foreign Currency Account (FCA) allows you to invest funds in major foreign currencies, ie US dollar (USD), British pound sterling (GBP), or euro (EUR).
- Affordable – You can invest a minimum opening balance of 100 USD, GBP or EUR.
- Peace of mind – You may protect your investment against currency fluctuations without having to move funds offshore.
- Cost-effective – There are no monthly maintenance fees.
- Convenience – You can transfer funds in a foreign currency to an account held at an overseas bank (subject to exchange control regulations).