Finance and Investment

Standard Chartered Foreign Currency Account

The Standard Chartered bank offers foreign currency account services that is available in US dollar, Pound sterling or Euro.

The account doesn’t only serve as a depository for your foreign money, but also a way to grow it.

Benefits of foreign currency account with Standard Chartered

You will enjoy the following benefits as a foreign currency account holder;

Borrow up to 70% of your foreign account balance at normal rates

Have access to Offshore FX investments such as Mutual Funds and Bonds

Enjoy a 24/7 access to your account through online and mobile banking

Also Read:

b. Best banks for foreign currency accounts.

b. Buy Ecobank treasury bills at low as GhS5 in Ghana

Features of Standard Chartered Foreign currency account

eStatements: You receive free eStatements daily, weekly or monthly depending on your preference

Visa Debit/Credit Cards: Enjoy a wide range of Visa Card products that allow for Point of Sale (POS) and online transactions worldwide.

Cheque Book: You can request for a cheque book for your foreign currency account

Account Balance: You need an initial opening balance of USD500, Euro300, GBP250 and No Minimum Operating Balance

Application eligibility and requirements

You need to provide the information below to open the foreign account;

Application Eligibility

  • Must be 18 years old and above
  • Open to Ghanaians, Residents and Non-Ghanaians

Documents Required

  • An Original National ID or valid passport
  • A Portrait Selfie
  • One passport size photograph

Click here to apply for the Standard Chartered Dollar Account.

Application for online USD and Euro accounts

Create a secure digital USD and Euro accounts for free on blockchain. The accounts can be used for transfers and payments, just like USD/Euro accounts with traditional banks.

Digital dollar or Euro account is not a replacement for banknotes, but the process eliminates the paperwork and restrictions of bank accounts.

The US Dollar Coin (USDC) and Celo Euro are stablecoins that are pegged to the USD and Euro; thus, a $1 or €1 of value is redeemable on a 1:1 basis for the USD or EURO.

Unlike most foreign currency accounts with banks, Digital dollar and Euro accounts bear interests. USDC gives you an interest of 11% per year while you earn 4% on Celo Euro.

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