WHETHER YOU ARE PLANNING TO TRAVEL OVERSEAS, OR SIMPLY WANT TO INVEST IN ANOTHER CURRENCY, OUR FOREIGN CURRENCY ACCOUNT IS RIGHT FOR YOU.
WHO CAN APPLY
Nedbank clients who are residents, 18 years and older and who have a transactional account where they receive their salary and/ or income on a regular basis.
HOW TO APPLY?
STEP 1: Fill in a Nedbank “Foreign Currency Account” application which you can obtain from your nearest Nedbank branch.
STEP 2: You’ll need a Namibian bar coded identity document and proof of address, such as an utility bill (not older than three months).
FEATURES AND BENEFITS
Affordable: You can invest a minimum opening balance of 1.000 USD, GBP or EUR (on request one of the other currencies for which Nedbank has a ‘Nostro’ account).
Peace of mind: You may protect your investment against currency fluctuations without having to move funds offshore.
Cost-effective: There are no monthly maintenance fees.
Convenience: You can transfer funds in a foreign currency to an account held at an overseas bank (subject to Exchange Control Rulings & Regulations).