Take your investments global

Build your portfolio

Build your portfolio

Choose from 8 international currencies to buy and build a diverse portfolio
  • US dollar (USD)
  • British pound sterling (GBP)
  • Euro (EUR)
  • Australian dollar (AUD)
  • Canadian dollar (CAD)
  • Hong Kong dollar (HKD)
  • Japanese yen (JPY)
  • Israeli shekel (ILS)
Grow your income

Grow your income

Take advantage of international market conditions and save on fees
  • Zero monthly maintenance fees
  • Save money by hedging against currency fluctuations
  • Earn interest depending on local and international market conditions
  • Get free monthly electronic statements
  • Make free digital transfers between your FCA and your current or savings account. Fees may be charged for other services
Manage your accounts

Manage your accounts

Enjoy flexibility, convenience and easy access to your funds
  • Access your money whenever you need it
  • Transfer money between your FCA and savings or current account at no cost
  • Transfer money easily between multiple FCA accounts
  • Make outgoing international payments from your FCA

What you need to open a FCA

You must be a South African resident, foreign national or non-resident

You must be 18 years old or older

You must have a Nedbank current or savings account

There is no minimum income required

Competitive interest rates

Interest earned on your FCA is calculated daily and paid monthly. Rates are dependent on local and international market conditions and our internal pricing considerations.

Your personal interest rate is dependent on your account balance. You can view your current interest rate on the Money app and Online Banking.

Interest rates are reviewed regularly and may change without notice. You can see our current currency interest rates on the table below. 

FCA interest rates

Currency
Credit

2.08%

2.30%

0.01%

1.90%

0.85%

0.00%

0.00%

0.00%

 

Interest rates are reviewed regularly and may change without notice.

How to apply

South African residents

South African residents

  • On the Money app 

Go to international banking and travel > Foreign currency accountsOpen foreign currency account and follow the prompts

Minimum investment amount: 1 unit in chosen foreign currency e.g. USD1

  • Online

Follow this link to apply online

Minimum investment amount: R1,500.00

  • Apply at a branch

Visit your nearest Nedbank branch with your ID or contact your banker

Minimum investment amount: R1,500.00

Foreign nationals

Foreign nationals

  • Online

Follow this link to apply online

Minimum investment amount: R1,500.00

  • Apply at a branch

Visit your nearest Nedbank branch with your passport or contact your banker

Minimum investment amount: R1,500.00

Non-residents

Non-residents

  • Online

Follow this link to apply online

Minimum; R1,500.00

Features at your fingertips

Bank quickly and easily on the Money app and Online Banking:

  • Manage

    View your FCA balances, transactions and account details

  • Buy

    Transfer funds to your FCA from your current or savings account using your single discretionary allowance*

     

     

  • Sell

    Transfer funds from your FCA to your current or savings account*

     

     

*South African residents only

More ways to bank

Email transfer requests

Email transfer requests

Transfer funds to your transaction account

For amounts less than R160,000, email fca@nedbank.co.za with your FCA account number and current or savings account details. We will contact you to verify and confirm the exchange rate. You will need to complete a once-off indemnity form.

For transactions over R160,000, please complete and email the FCA transfer form.

You may need to provide supporting documents in line with exchange control regulations.

 

Email payment requests

Email payment requests

Make payments from your FCA

Complete this form and email it to servicedeskpayments@nedbank.co.za. We will call you to verify and process your payment. 

Depending on your reasons for payment, you may have to provide supporting documents.

In-person transactions

In-person transactions

Visit your nearest branch or contact your banker

Transfer funds between your FCA and current or savings accounts.

Transfer funds between your FCA accounts.

 

Allowances and limits

 

Single discretionary allowance

South African residents are allocated an annual single discretionary allowance of R1 million.

This may be used as payment for any legal purpose abroad, as defined in the Currency and Exchanges Manual for Authorised Dealers from the South African Reserve Bank.

This includes investments, travel-related payments and gifts, without any tax implications.

 

Foreign investment allowance

As a South African resident, you're allocated a foreign investment allowance of R10 million a year.

To use this allowance, you will need a tax number and tax compliance status PIN letter from the South African Revenue Service. Keep in mind that there will be tax implications when using this allowance.

For information on how to get your tax compliance status PIN letter, please visit the SARS website or call the SARS Contact Centre on 0800 00 SARS (7277).

Please note: The purpose of this request is for foreign investment. It is not a letter of good standing.

 

Foreign nationals and non-residents

FCA investments are limited to funds introduced to and/or earned in South Africa. Proof of income is required.

 

Please note:

  • All transactions conducted through your FCA must comply with South African Exchange Control regulations and limits. 
  • You cannot pay local third parties using your FCA.
  • Your FCA cannot be used as security.
  • Your FCA cannot go into overdraft.
  • The account is intended for personal use only and cannot be used for business purposes.
  • As a South African resident, you cannot withdraw foreign currency in banknotes.
  • Read our full FCA terms and conditions here.

Maximise global potential with a foreign currency account

Get the Money app

For a secure and convenient way to manage your money, open an account, get a loan, or even buy gift and prepaid vouchers: get the Nedbank Money app.

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