Foreign Currency Accounts

  • PFCA - (Saving Account) Savings Deposit 
  • Invert Investment Account (IIA) - Investment account
  • Fixed Deposit - Time Deposit
  • FCBU - International Remittance Account
     

Seylan Bank offers its PFCA account holders a unique value added rewarding system in addition to competitive interest rates.

PFCA (Personal Foreign Currency) is a savings account.

Open an account from 14 foreign currencies.


PFCA Bank Account Types

Saving (Ordinary Deposit)


Type of Accounts- Currency Range

Foreign Currency savings and fixed deposits

Selection of 14 currencies that can be opened with a PFCA account;

JPY,USD,EUR,SGD,CAD,HKD,GBP,CHF,AUD,DKK,SEK,NZD,NOK,CNY

 

Range of currencies- Account Access

You can view your account balance and statements by obtaining Our Internet banking facility at your own convenience.

You can check your account balance and statement by using internet banking.

 

Global Access 

The debit card has a VISA function, so it can be used in VISA-compatible banks around the world.

Available in SEVEN BANK in Japan.

 

An IIA account is an investment account.

IIA account A dedicated account for investment from outside Sri Lanka.
This is a convenient account for buying and selling Sri Lankan stocks and bonds, for foreign companies to establish a base in Sri Lanka, and for buying and selling real estate.

Taking real estate sales as an example, funds for purchasing real estate are first transferred from Japan to Sri Lanka through this IIA account.
Then transfer the purchase price from the IIA account to the local seller's account again.

After purchase, the rental income and sales revenue generated in Sri Lanka will be credited to the same IIA account. The investment and return are completed on the IIA account.
If you invest in Sri Lanka through your IIA account, you will also get tax benefits.

The biggest advantage is that the funds in your IIA account can be transferred to your own account outside Sri Lanka without any limit.
Even in major Hong Kong HSBC banks, considering that there is a limit on the amount of money per transfer when trying to send money outside of China, it is a great advantage.

Periods are 3 months, 6 months, 12 months, available on request.

Foreigners cannot make regular deposits in Sri Lanka Rupee, so if they have time deposits, Sri Lankan Rupee can be built.

Sri Lanka Rupee fixed rate (about 10% to 13%)

FCBU is an international remittance account. Those who have overseas business or who use an account for business will be opened.

Account mainly used for financial transactions.

 

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