Foreign Currency Current Accounts

    

If your business deals with international currency, with highly unpredictable foreign exchange rates. It is important to put some of your savings in the world’s most stable currencies.

To that effect Zanaco offers 3 types of Business foreign currency Accounts. All this accounts are current accounts.

Current Account GBP

 A Business account in British Pounds currency.

Features

  • Minimum balance of GBP 500
  • Monthly maintenance fee USD10 equivalent
  • Account below minimum balance ZMK 25,000 (KR25.00) equivalent per occurrence
  • Cheque book issued 

Current Account USD

 A Business account in United States Dollar currency.

Features

  • Minimum balance of USD1,000
  • Monthly maintenance fee USD10 equivalent
  • Account below minimum balance ZMK 25,000 (KR25.00) equivalent per occurrence
  • Cheque book issued 

Current Account EURO

 A Business account in European currency.

Features

 

  • Minimum balance of EURO 1,000
  • Monthly maintenance fee USD10 equivalent
  • Account below minimum balance ZMK 25,000 (KR25.00) equivalent per occurrence
  • Cheque book issued 

Current Account ZAR

 A BUsiness account in South African Rand currency.

Features

  • Minimum balance of ZAR 10,000
  • Monthly maintenance fee USD10 equivalent
  • Account below minimum balance ZMK 25,000 (KR25.00) equivalent per occurrence
  • Cheque book issued

 

 

Requirements for any of the Accounts above are:

  1. Certificate of registration / Incorporation
  2. ZRA TIPN or VAT
  3. Articles of association for limited companies
  4. Board resolution for limited companies
  5. Two letter of reference (one of which should be from a Zanaco customer)
  6. Evidence of Trading address
  7. Proof of Residency of Signatories and directors with more than 50% shareholding
  8. Copy of utility bill (water, electricity, rate bill or Title Deed.
  9. Copy of NRC or Passport of Directors
  10. Signed Board resolution to open account