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Personal Foreign Currency Accounts

Save part of your salary 

in foreign currency

for their future

Personal Foreign Currency Account enable you to save your hard earned foreign exchange and earn interest too in the same foreign currency. 



Personal  Foreign Currency Account (PFC) is a special account which can be opened in designated Foreign currencies with attractive interest rates and it is a privilege to remit the earnings to the motherland which could be invested in many attractive investment products.

Accounts can be opened with US Dollars, Sterling Pounds, Swiss Francs, Japanese Yen, Australian Dollars, Canadian Dollars, Hong Kong Dollars, Euros, Singapore Dollars, New Zealand Dollars, Chinese Yuan, Swedish Kroners, Norwegian Kroner and Danish kroner

 

The Essentials

  • You can apply for Sri Lanka rupee or foreign currency loans & advances at concessional rates. This facility enables you to retain the foreign currency deposits intact.

  • Arrangements can be made for a member of your family or friend to operate this account on your behalf.

  • You will receive the option of appointing a nominee, to whom the funds in the account are to be paid, in the event of death of the account holder.

  • Standing orders are effected without any commission.

  • You can switch from one currency to another at competitive exchange rates.

  • Above all you will receive our personalized service.

 

Persons eligible to open a PFCAs

An individual including a minor who is a Sri Lankan national.

An individual of Sri Lankan origin including a minor who is a resident outside Sri Lanka.

A non-national resident in Sri Lanka.

A Non-national either on temporary visit to Sri Lanka or intending to visit Sri Lanka.

An administrator or executor of the estates of a deceased person, who maintained a personal foreign currency account with that authorized dealer or restricted dealer until the completion of the administration of the deceased person’s estate.
 

Opening a PFC Account 

You can visit a branch of your choice and discuss your requirement along with the period of deposit with an officer of the branch.

Interest rate applicable for Foreign Currency Savings & Fixed deposits can be viewed from the Rates and Tariffs page of this site.

Please fill the relevant application form and hand over to the branch. Remember to take your passport with the VISA copy to confirm your non residency status. This is necessary for us to identify you.

You may open a PFC Savings Account with us in any of the following currencies and earn competitive rates of interest.

Currency Minimum Deposit
US DOLLARS USD 25
STG. POUNDS GBP 25
SWISS FRANCS CHF 25
JAPANESE YEN JPY 10, 000
AUSTRALIAN DOLLARS AUD 25
SINGAPORE DOLLARS SGD 25
CANADIAN DOLLARS CAD 40
HONG KONG DOLLARS HKD 200
EURO EUR 25
NEW ZEALAND DOLLAR NZD 50
SWEDISH KRONER SEK 150
NORWEGIAN KRONER NOK 150
CHINESE YUAN CNY 100

 

Interest

Interest will be calculated on the daily balance and credited to your account quarterly. 
 

Deposits

All types of inward remittances in foreign currency, as given below, will be accepted in credit to PFC accounts.

  • Telegraphic or SWIFT transfers
  • Bank Drafts drawn in favor of Commercial Bank of Ceylon PLC
  • USD Drafts payable at local Banks or issued by local Banks. Credit on which will be given within 4 working    days without any charge
  • Foreign currency notes
  • Traveller's cheques  issued overseas and personal cheques
  • Bank Drafts drawn on foreign currency in the currency of the respective countries
    eg: USD drafts drawn on New York,  GBP drafts drawn on London
     

Withdrawals

You can make withdrawals from PFC accounts on the following basis.

  • Calling over personally and on production of your passport or national identity card
  • Through any ATM displaying cirrus or visa logo in the currency of the country
  • On your written instructions to pay another party; eg. For the upkeep of your family
  • Written instructions for the purpose of remitting abroad in any foreign currency
  • For obtaining currency notes for travel abroad

If you require further details please contact our NRFC Department on +94 112 330 408 ,+94 112 486 075/85 or your nearest Commercial Bank branch. Email:- travel_nrfc@combank.net
 

 

Terms and Conditions apply

Product information and terms & conditions are subject to change from time to time.
Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Apply now

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