Accounts

Foreign Currency Account (FCA)

Features

• No establishment fees
• Online access
• Minimum Balances apply
• Competitive interest rates. Conditions apply
• Option to re-invest interest paid with principal or paid to a nominated account
• Account keeping and transaction fees may apply

Benefits

• On-Call
• Easily accessible funds to pay for travel, education or other offshore expenses or investments (subject to Bank of PNG regulations)
• Flexibility to exchange foreign currency to Kina at a time of your own choice
• Foreign currency can be held in anticipation of favorable exchange rates
• Can be used as security against loan transactions
• Foreign currency accounts can be used by business entities or individuals

How to apply

• At your nearest BSP branch or through your Relationship Manager.
• A Kina Account must be held.
• BSP's identification and document requirements apply to individuals and business entities, with a minimum opening deposit.

Requests for Foreign Currency Accounts require BPNG approval.

Fees and charges

Service and transaction fees apply on Foreign Currency Accounts.