Foreign currency accounts
St.George offers competitive Foreign Currency Accounts in all major currencies. Foreign Currency Accounts would mainly suit the business involved in both import and export as a Foreign Exchange Risk management tool.
Advantages of this type of facility are:
- Consolidates foreign exchange transactions for ease of cash management.
- Provides a natural hedge for Importers.
- Accommodates delayed or early payments and receipts.
- Consolidates funds raised from other financing tools.
- Accounts are interest bearing (minimum balance apply).
- Regular Bank Statements detailing transactions are provided.
Need more information?
If you have any questions or want more information, you can call us toll free on 1800 221 815.