Foreign Currency Current Account
A practical solution for managing foreign currency transactions
If you need a secure cost effective way to receive or make payments in a foreign currency, a Foreign Currency Current Account from Yorkshire Bank may be the answer. Take advantage of the ability to make or receive payments without the need to convert your foreign currency into Sterling.
- Deposits can be made via cheque, cash or international money transfer
- Available with or without an overdraft facility
- Withdrawals can be made via drafts, cash (within limits) or outward payment order
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
- Personal attention – dedicated local Agribusiness Partner can make decisions fast
- Save – by not converting foreign currency to Sterling
- Cost effective – method of managing foreign currency transactions
Further Features
- Receive and pay in a certain foreign currency without having to convert to Sterling
- Borrow in a foreign currency against future foreign currency receivables
- Available in most major currencies
- Cheque book available to issue your own cheques (Euro or US Dollars only)
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
- Credit interest applied to amounts in credit
- Debit interest applied to amounts overdrawn
- Minimum/maximum amount
- No minimum
- Maximum – unlimited
- Alternative option – Foreign Exchange
- Costs
- Fees may be charged on lodgements/withdrawals
- Quarterly fee payable for Cheque Book facilities
- 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
- Agreed overdraft subject to lending assessment
- Clearing timescales may vary according to currency type
- Cash withdrawals/deposits are limited and may be subject to a fee. Cash withdrawals up to £2,500 are available subject to available funds. Cash withdrawals over £2,500 are subject to Bank approval
- No Direct Debits are available
- Foreign currency deals will be at the published buy/sell chart rates or through direct dealing
In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make a call on, or realise any security pledged in support of the borrowing.
CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
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.