Foreign Currency Call Deposit
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The smarter way to gain instant access to foreign currency funds
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Benefits
Features
Important Facts
If your Business is involved in overseas trade and payments, cutting down on costs such as unnecessary currency conversion charges could help boost your profitability. A Foreign Currency Call Deposit, which is available in most major currencies, could be the answer.
How it works
A Foreign Currency Call Deposit saves you money on overseas trade and payments by eliminating the need to convert your foreign currency to Sterling. You simply lodge the foreign currency (minimum 10k in Euros, Dollars or equivalent £10k GBP in another currency) on deposit for the currency concerned. Deposits can be made via cheque, cash or international money transfer. Withdrawals can be made via drafts, cash (within limits) or outward payment order.
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Benefits
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- Personal attention - dedicated pro-active relationship management
- Flexibility - instant access to your funds allows you to take advantage of opportunities as they arise
- Save money - regain control over your expenses by avoiding costly currency conversion charges
- Convenience - available in a range of currencies
- Control - helping you manage your overall overseas trading position with greater certainty
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Features
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- Unlimited maximum balance of funds to invest
- Interest calculated daily
- Available in most major currencies
- Personal attention - dedicated Relationship Partner who can make decisions - fast
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Complementary solutions
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Important facts
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Interest rate
Interest type
How is interest calculated?
- Daily on cleared balance generally on 360 day basis
How is interest applied?
- Quarterly to your account
Minimum amount
- 10k in EURO, US Dollars or 10k equivalent of GBP in other currencies
Maximum amount
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Alternative options
What it costs
- Fees may be charged on lodgements / withdrawals
- Talk to your Business Partner for full details
Terms and conditions
- Clearing timescales may vary according to currency type
- Cash withdrawals / deposits are limited and may be subject to a fee
- Cheque book and card is not available
- No direct debits are available
- Foreign currency deals will be at the published buy / sell chart rates or through direct dealing
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Your home maybe repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office 30 St Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends upon the type of business and circumstances of the claim. In respect of deposits with a UK office, payments under the scheme are limited to 100% of the first £2,000 of a depositor's total credit balances with the Bank and 90% of the next £33,000, resulting in a maximum payment of £31,700. Further details of the scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.
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