Foreign Currency Call Deposit
Boost your profitability by saving money on overseas trade
A Foreign Currency Call Deposit from Yorkshire Bank is a great way to start saving money on overseas trade. It eliminates the need to convert your foreign currency to Sterling, you simply lodge the foreign currency on deposit for the currency concerned.
- Deposits can be made via cheque, cash or international money transfer
- Cash withdrawals and deposits are limited and may be subject to a fee
- Withdrawals can be made via drafts, cash (Euro & US dollar only & within limits) or outward payment order
- Available in most major currencies
To find out more, contact your Agribusiness Partner, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
More Benefits
- Control – helping you manage your overall overseas trading position with greater certainty
- Personal attention – dedicated local Agribusiness Partner can make decisions fast
- Save – regain control over your expenses by avoiding costly currency conversion charges
- Flexibility – instant access to your available funds allows you to take advantage of opportunities as they arise. Your funds are accessed the same way as a normal Sterling account
Further Features
- Unlimited maximum balance of funds to invest
- Minimum balance of 10k in Euro, US Dollars or equivalent of 10k GBP in other currencies is required
- Interest calculated daily
Complementary Solutions
Important Information
- Interest
- Rate available on application
- Calculated daily on cleared balance, generally on a 360-day basis
- Applied to your account quarterly
- Minimum/maximum amount
- Minimum - 10k in Euro, US Dollars or equivalent of 10k GBP in other currencies
- Maximum - unlimited
- Alternative option – Foreign Exchange
- Costs
- Standard charges can be found in the interest rates and charges section. Other fees may be individually negotiated – speak to your local Agribusiness Partner for more details
- Terms and conditions
- Clearing timescales may vary according to currency type
- 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
- Full terms and conditions are available on request
CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
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.