Private Foreign Currency Account

Specialty

  •   Bangladeshi Citizens and foreign nationals can open FC A/C in USD, GBP & EUR with Trust Bank Ltd
  •   This account can be opened by Bangladeshi nationals residing abroad.
  •   Foreign nationals residing abroad or in Bangladesh
  •   Foreign firms registered abroad & operating in Bangladesh or abroad.
  •   Foreign missions and their expatriate employees
  •   Resident Bangladeshi nationals working with foreign/ international organizations operating in Bangladesh; provided their salary is paid in
       foreign currency

  •   Deposit can be made in foreign currency only (Cash, TC, Drafts or transfer from other FCY Accounts)
  •   Cash can be withdrawn in local currency

Features

  •   Attached copy of passport and visa/work permit will be needed to open the account
  •   After opening the account, the account number and other related information/documents will be sent to the client or his
       nominee immediately.

  •   Non-resident Bangladeshi are allowed to transfer their money installment directly to his/her account in foreign currency through our
      (NCC Bank's) partner Bank/Exchange house/MTO

  •   Advance monthly installment is allowed to deposit under this scheme.
  •   Monthly installment should be deposited through foreign remittance. It is strictly prohibited to deposit any installment by locally
       and/or local currency.

  •   The account seems to be close if the account holder is fail to deposit consecutive 6 (six) month installment. In that case the
         following regulation will be followed

  •        1. If the account is close within one year of the account opening s/he only allowed to receive his deposited amount.
  •        2. If the account is close after one year but not more than three year clients are allowed to receive his deposited amount with
               interest on saving rate.

  •        3. If the account is close after three year clients are allowed to receive his deposited amount with interest on saving rate plus 1%.
  •   Under the scheme if the account holder is died during the period nominee/s is allowed to receive the deposited amount with saving
       rate plus 1% interest.

  •   Under the scheme if the account holder is died during the 10 years pension period nominee/s is allowed to receive the remaining
        amount by monthly installment.

  •   On maturity if any installment is found unpaid then monthly 1% late fee is deducted from the total amount paid.