Foreign Currency Accounts (FCA)
These accounts are mainly funded with remittances from abroad. Generally, balances on such accounts can be freely transferred without restrictions. FCA can be opened in these foreign currencies: US Dollars, Euro and GBP.
Foreign Exchange Account (FX)
This account is funded internally from cash lodgments or credits from other foreign exchange accounts in Ghana or inward remittances. Generally, balances on these accounts cannot be freely transferred without the necessary supporting documentation. Cheques can be issued on both Foreign Currency Accounts and Foreign Exchange Accounts.
Home Bound Account
This product is designed for Ghanaians resident in the United Kingdom with special emphasis on those who have not regularized their stay. It is a Cedi Account, however, if an applicant decides to open a Foreign Account under the same dispensation, the Bank has the right to do so under our existing procedure of opening Foreign Account.
The following can be accessed at NIB:
FOREIGN CURRENCY ACCOUNTS (FCA)
FOREIGN EXCHANGE ACCOUNT (FEA)
These are funded internally from cash lodgment or credits from other foreign accounts in Ghana or inward remittances.