Manet Tower B, Plot 25 - Airport City, Accra
0302 661701-10
info@nib-ghana.com
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Foreign Currency Accounts (FCA)

HomeForeign Currency Accounts (FCA)
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Foreign Currency Accounts (FCA)

These accounts are mainly funded with remittances from abroad and can be withdrawn in any NIB branch with no charge, i.e. if withdrawal is in Cedis. 2.5% charge is paid when withdrawal is made in said depositing currency. Generally, balances on such accounts can be freely transferred without restrictions. FCA can be opened in these foreign currencies: US Dollars, Euro and GBP. No physical cash can be paid into FCA. We pay interest on FCA balance above certain amount. Cheques can also be issued on this Account. Minimum balance to be maintained in this Account are: $100 /€60 /£50. No initial deposit is required to open this account. Transfer into and from these accounts, could be utilized to undertake the following transactions:

· Advance Payments

· Documentary Collections

· Establishment of letter of credit.

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The history of the Bank can be traced to the end of the Second World War (WWII). Agitations from the indigenes against foreign imports led to a general boycott by the local population led by the Association of West African Merchants (AWAM). The colonial administration decided to establish an entity that would facilitate the involvement of private indigenous persons in business.

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Manet Tower B, Plot 25 - Airport City, Accra Digital Address: GL-116-4851

0302 661701-100302 428500
info@nib-ghana.com

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