MCB Foreign Currency Saving Account

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Resources

MCB Foreign Currency Saving Account

An account providing word class services and completive returns on foreign currency

Minimum Balance Required (Rs)

500

Minimum Amount Required (Rs)

500

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

1,000

Allowed Monthly Transactions

View Phone Number

Features

- This account can be opened in US Dollar, GBP or Euro currency

- Profit payment frequency is on monthly basis

- Account can be open with just 500 USD, GBP or EUR

- Interest rate varies from 0.10% to 0.40% based on the deposited amount, term and type of currency
Benefits

- Profit will be calculated on monthly average balance

- Large network of VISA/ Debit card acceptance including 1100+ ATMs and 430+ cities across the country

- Higher the deposit, Higher the returns will be

- Free E-statements and Internet Banking

Eligibility

Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employment, Copy of utility bill

Self-Employed / Businessmen:
- Age Limit: 21 - 65 years
- Documents required: CNIC, Proof of Business
FAQ

Do you earn profit or interest on your foreign currency account?

Yes, you can earn a certain profit or interest on your foreign currency deposits as long as it is a foreign currency savings account rather than a current account.

What currencies you can open a foreign currency account with?

A foreign currency bank account can be opened in USD, GBP, and EUR. Certain banks also allow Japanese Yen.

How you can withdraw funds from your foreign curency bank account?

You can withdraw by cheque only.

Is foreign currency account available as Savings or Current account?

Yes, if a foreign currency account is of type savings, you will receive a profit on your balance on regular intervals such as 3 months, 6 months and 12 months.

Other Details

Best Suitabe For

Day to day savings
Target Age Group

21 - 60 years
Interest Rate / Profit Rate

0.4%
Interest Calculation Frequency

Monthly
Profit Payment Frequency

Monthly
Currency of Account

USD, GBP, EUR

Free ATM / Debit Card?
ATM Card Network

-
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?

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