How To Create A Dollar And Pound Bank Account In Any Part Of Africa

How to create a dollar account (foreign currency account). Creating a foreign currency account has become easy across the world. The foreign currencies include the US dollar, British Pound, and the German Euro.

THE TYPE OF FOREIGN BANK ACCOUNT

A foreign currency account is simply a special account meant for the store of other currencies other than the local ones.

BENEFITS OF OWNING A FOREIGN ACCOUNT

Owning a dollar, pound, or euro bank account comes with enormous benefits. They include but are not limited to the following:

• The holder will have unlimited access to the account irrespective of his country location. This is a free service.
• Depending on the bank, there are preferential charges on transactions. This is moderate and enjoyable.
• A prospective account holder has the option to choose from 3 currency denominations. They are USD, GBP, and Euro.

WHO IS QUALIFIED TO HAVE A FOREIGN CURRENCY ACCOUNT?

• An Individual
• Small and Medium Enterprises
• Churches
• Non Governmental Organizations
• Multinational companies

DOCUMENTS REQUIRED TO OPEN A FOREIGN CURRENCY ACCOUNT

All Registration Documents:

• ID (Passport, Driver’s License, Voter’s ID plus Utility Bill) of signatories and IDs of all Directors
• 2 passport photographs of each of the signatories and Board Resolution(excluding sole proprietorship business).

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