Foreign Currency Current Account
An efficient solution for managing foreign currency transactions
A Foreign Currency Current Account is a flexible and cost effective business banking solution for managing your money. It enables you to make or receive payments in a foreign currency without the need to convert your foreign currency into Sterling.
- Available with or without an overdraft facility
- Withdrawals can be made via drafts, cash (Euro & US dollar only & within limits) or international money transfer
- Deposits can be made via cheque, cash or international money transfer
To find out more, contact your Relationship Partner, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
More Benefits
- Cost effective – method of managing foreign currency transactions
- Save – by not converting foreign currency into Sterling
- Personal attention – dedicated Relationship Partner can make decisions fast
Further Features
- Receive and pay in a certain foreign currency without having to convert into Sterling
- Borrow in a foreign currency against future foreign currency receivables
- Cheque book available to issue your own cheques (Euro or US Dollars only)
- Available in most major currencies
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
- Debit interest applied to amounts overdrawn
- Credit interest applied to amounts in credit
- 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 International Trade 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
- Foreign currency deals will be at the published buy/sell chart rates or through direct dealing
- Direct Debits are not available on this types of account
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.