A foreign currency transaction account available in 8 major currencies.
We offer Foreign Currency accounts in 8 major currencies:
|· US Dollars||· Swiss Franc|
|· Great Britain Pounds||· Canadian Dollars|
|· Euros||· Japanese Yen|
|· Australian Dollars||· South African Rand|
Key Account Features and Benefits
- Account opening and minimum balance to be maintained USD/EUR/GBP 100 or equivalent in other currencies.
- Nil account maintenance charges
- No transaction ledger fees.
- Free quarterly account statement via email (or at your preferred frequency).
- I&M USD Visa Debit card available for USD accounts only- subject to signing mandate.
- The following features are available to USD/EUR/GBP accounts only.
- Interest payment – accrued on daily balances and paid quarterly as per prevailing rates (see table below).
- Cheque book available at USD 0.2 per leaf
- Cash transactions ( cash deposit fee apply as per tariff)
- Access to Electronic Banking Channels ( Mobile and Internet Banking)
- Earn IMBA Reward Points every time you transact.
- Chinese Yuan and UAE Dirham accounts also available (contact us for details)
Interest rates (% p.a.) for USD/EUR/GBP accounts.
|0 – 5,000||—||—||—|
|5,000 – 25,000||0.25||0.25||0.25|
|25,000 – 100,000||0.75||0.75||0.50|
What do I need to open this account?
- An introduction letter from an I&M account holder or your employers or bankers or a professional of repute (lawyer/ accountant)
- Copy of your ID/passport
- Recent colour passport photograph
- Copy of work permit (if applicable)
- Copy of KRA PIN card