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Foreign Exchange Accounts - Saving Account
- Current Account
- Investment Deposit Account
Conditions & Regulations to Open a Foreign Exchange Account - In order to open a Current account the client shouldn't have a bad cheque (dishonoured cheque), or a bad file in the countries banking system (according to an inquiry from the central bank).
- The minimum investment duration is one month and the maximum is twelve months. According to Foreign Exchange criteria and international regulations, interests will be calculated and paid in accordance to the Libor rate(the rate of interests between banks in the London market) to the remainder of money in investment deposit accounts
- Minimum and maximum money deposited in order to open an account are as below:
Account | Minimum | Maximum | Savings account | $100 | $5000 | Current account | $1000 | $5000 | Investment deposit account | $1000 | $5000 |
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