Are you looking to open a CalBank foreign currency account in Ghana, or do you want to know what the CalBank foreign account details?
Then this guide will serve you with a point to start on your quest, as it will give you all the details on how you can open a foreign currency account with any Cal Bank branch in Ghana.
CalBank Ghana has extended its financial platform for individuals outside the borders of Ghana to operate an account with them and even for a citizen of Ghana to operate an account in a currency other than the local cedi.
This has made banking with CalBank very exciting, creating room for more people to be added up to their platform.
The foreign currency account at Cal Bank is open to over twenty (20) different currencies globally.
When one opens this account, its operations and demands will be bounded by the foreign market conditions as well as the local market conditions.
So an individual should be on the lookout at how the global market is faring to know to stabilize the foreign currency amount with CalBank Ghana.
Table of Contents
What Is CalBank Foreign Account
This is a type of account in Cal Bank that operates in foreign currency only.
This means all your financial transactions are recorded in any other currency you choose other than the Ghana cedi.
The most preferred currency that most customers transact their financial operations in for the foreign account is the British pounds, US dollars, and Euro.
Requirements To Open Cal Bank Foreign Account
The following are the things you will need in other to open a foreign account with CalBank in Ghana:
1. You should be 18 years of age or above
2. Valid National identification document (You can use any of these Voter IDs, Passport, Driver’s licenses)
3. Proof of residential address
4. Proof of postal address
5. Passport-sized picture
6. Residential/Work permit for a person outside Ghana
Is There Interest Rate On CalBank Foreign Account
No, there is no interest rate for Foreign currency amounts open at any Cal Bank branch in Ghana.
This means you do not attract any percentage as interest in your account, unlike other accounts like the Flexisave account, which yields interest at the end of the month.
What Is The Minimum Amount For Foreign Account In Ghana
If you want to open a foreign account in Ghana with CalBank, your minimum balance deposit should be fifty (50) currency units.
The unit just stands for the currency with which you want to operate the account in.
The fifty currency can stand for 50USD, 50GBP, and 50EUR.
What Is The Limit For CalBank Foreign Account
There is no limit on the amount of money that can be kept or withdrawn from your foreign account at CalBank in Ghana.
Also, you can deposit any amount you want, and you can also withdraw up to your last unit currency.
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