Are you searching how does FNB South Africa Global account work? You have come to the right place.
In this article, I’ll share with you in-depth how FNB works and other significant details.
If you are a regular traveler, it is somewhat important to have an open FNB global account.
FNB global account will help you have foreign currency with you, and no need to exchange.
No matter where you travel, FNB global account will have you back as it accommodates nine major foreign currencies.
More so FNB global account is handy if you transact internationally.
You get to save on the fluctuating exchange rates with FNB global account as it holds the currency expenditure.
The FNB Global Account offers a solution to South Africans as far as the foreign exchange problem is concerned.
First National Bank allows customers with Cheque accounts to open the FNB global account.
Below is more review about the FNB global account and later how it works.
FNB Bank Global Account
The FNB Global Account is meant to hold foreign currency while still in South Africa.
FNB charges a currency conversion rate of 2.75% on every transaction.
More so, after opening the account, you get to have a card, which comes with a fee of $20.00 per card.
Additionally, the money on your account also attracts the interest of 5.25%, but it depends on the currency and the amount held on your account.
With an FNB global account, you are entitled to access nine foreign currencies, including the US dollar, Euro, Australia Dollar, British Pound, Indian Rupee, Chinese Renminbi, Swiss France, UAE Dirham, and Canadian dollar.
How Does FNB South Africa Global Account Work
If you have been wondering, how does FNB global work?
Worry not, FNB Global account works as a savings and transacting account, but all the money in the account is held in foreign currency.
The account is meant for South African, whether offshore or onshore.
FNB also allows foreigners to open the account but need to have a work or study permit to South Africa.
FNB offers the account to ease access to foreign currency.
The account is accessible no matter where you are through FNB digital platforms like FNB online banking and FNB banking App.
With an FNB global account, it is easy to use the account internationally, make transfers, and receive payments.
The card issued through the account works like another FNB card; however, it holds different currencies.
That is how FNB South Africa Global account work.
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Please call me re the Global Account,
Can I withdraw or transfer to my cheque account.
And … I don’t have a Global account Card???