UMB Ghana offers foreign currency accounts to individuals and businesses. The account is available in US dollar, British Pound and Euro.
It is a current account designed to assist you with receipt of off-shore generated funds. It can also be used for payments and transfers.
Features and Benefits of UMB foreign currency account
Fed with funds from capital transfers and Foreign Exchange earned from sources other than the following:
Export of goods and services originating from Ghana
Discount on imports into Ghana
Funds can be converted to local currency.
Account not subject to transfer documentation with respect to cross border outward transfers.
Facilitates foreign exchange business transactions and travel
Can be used as collateral for loans.
UMB Foreign Account Requirements
To open a USD, Pounds or Euro account at UMB, you need to meet these requirements;
Submit a completed of account opening form
Have a valid National ID or passport
Submit two passport size photographs.
Show a proof of Address.
Add a proof of ID for each signatory (valid national ID such as passport, driver’s license, voters ID or national ID).
Let UMB assist you with your foreign currency needs and sign up for a UMB Foreign Currency Account today.