Foreign Currency Call Deposit

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Flexible Foreign Currency Call Deposits at Euromed Bank Limited

Empower Your Global Finances

Business Banking

Euromed Bank Limited offers Foreign Currency Call Deposits as a flexible and attractive savings option for clients seeking to diversify their investments and manage foreign currency holdings effectively. This product allows customers to deposit foreign currencies with the bank on a call basis, providing liquidity, convenience, and the potential for earning competitive interest rates. 

 

Policy Details

  1. Eligibility: Open to individual and corporate clients with valid identification and necessary documentation. 
  2. Currency Options: Available in major international currencies such as GBP, USD, EUR, JPY, and others, depending on market availability.
  3. Deposit Amount: Minimum deposit requirements vary by currency; please contact our branch for specific thresholds.
  4. Tenure & Flexibility: Call deposits are highly flexible, allowing clients to withdraw funds on demand without prior notice, subject to bank policies. 
  5.  Interest Rates: Competitive interest rates are offered, calculated on the daily balance and paid periodically as per the agreed terms.
  6. Renewal & Maturity: The deposit is generally on a call basis, offering maximum flexibility; however, fixed-term options may be available upon request.
  7. Charges & Fees: Standard charges for transactions and currency conversion, if applicable, will be communicated at account opening. 

Categories of Foreign Currency Call Deposits

  1. Standard Call Deposit: For clients seeking flexible, on-demand access to their foreign currency funds without a fixed term. 
    • Premium Call Deposit: Designed for high-net-worth clients, offering preferential interest rates and additional banking services. 
    •  Corporate Call Deposit: Tailored for corporate clients managing international transactions and foreign currency needs.
    • Electronic Funds Transfer (aka) BACS Payment: Transfer funds seamlessly within and outside our banking network, domestically and internationally. 

Why Choose Euromed Bank Limited

    •  Expert guidance on foreign currency management 
    •  Competitive interest rates and flexible terms
    •  Convenient access and seamless transactions
    •  Secure and reliable banking environment