Foreign Currency Account

Service/Product Target

Local exporters, individuals or organisations fully or partially funded by external sources, Malawians living abroad and any Malawian earning income in foreign currency.

Product Attributes/ Features

  • No minimum balance requirement
  • Withdraw in local currency through Malawi Kwacha operating account

Benefits To The Customer/User

  • Interest is negotiable
  • Can be used to hedge against currency fluctuations
  • Customer can hold funds in this account and only convert when conditions are favourable.

Costs To Access The Product

None

Account Opening Requirements

  • Account opening forms
  • KYC documentation as advised by the bank

Terms and Conditions

  • Customer has to maintain a Malawi Kwacha operating account
  • Account to operate in compliance with RBM Exchange Control Regulations

mission-vision

 Vision

To be the most successful financial institution in Malawi with international visible presence.

Mission Statement

To provide the best financial services in Malawi and internationally, distinguished by outstanding service, product innovation and sustained earning.