How to open foreign currency account?

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28th Feb 2011 by admint

A foreign currency account is extremely effective in shielding an individual from risks associated with fluctuations in foreign currency. Determine your foreign currency account needs. Compare interest rates and fees offered by the banks that offer foreign currency accounts. Contact the bank or brokerage firm with which you would like to open an account. If the bank is international, you will need to present a copy of your passport to open an account. Deposit the minimum required balance in the foreign currency account.

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27th Nov 2009 In Banking 1 Answers | 823 Views

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