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Foreign Currency Account.

Make and receive payments in foreign currency.

If you conduct business or travel internationally, a Foreign Currency Account (FCA) can be a valuable tool to help you manage your finances. With a Foreign Currency Account, you can hold funds in a variety of currencies, such as US dollars, euros, or Japanese yen. A Foreign Currency Account can make it easier to conduct international transactions. By holding funds in the currency of the country where youโ€™re conducting business, you can avoid currency conversion fees and simplify the transaction process.

No Hidden Fees

You can use your account to send and receive payments in foreign currencies, avoiding the hassle and expense of currency conversions. This means you can conduct your business more efficiently and focus on what matters most.

Available 24/7

A foreign currency account is available to you 24/7, providing uninterrupted access to your funds. Seamlessly manage multiple currencies, conduct cross-border transactions, monitor currency fluctuations and efficiently navigate the global financial landscape.

Reduced Currency Risk

By holding funds in a foreign currency, you can diversify your portfolio and reduce your exposure to currency risk. This can be particularly beneficial if you have investments or business interests in multiple countries.

How to Apply

  1. If yet to, firstly open a personal transactional Kina account or business account with us as it is a prerequisite.
  2. Seek Bank of Papua New Guinea (BPNG) approval for the FCA opening. You will need to complete the BPNG BOP Form V1, and to justify your need for an FCA. There may be additional document(s) requested by BPNG, depending on the purpose of the account. For example, contracts or cash-flow forecasts
  3. After BPNG approval, our usual account opening (for this FCA) process will kick in
  4. Enquire here or visit your nearest branch today.

    Important Information

    FCA Opening is subject to BPNG Foreign Exchange Manual (September 2007) i.e. BPNG FE Notice 11, and prior BPNG Approval.

    Personal Account Application Form

    Business Account Application Form

    BPNG Foreign Exhange Manual (September 2007)

    Still have questions?

    Call toll free on 180 1525 or +675 308 3800

    Or email us on kina@kinabank.com.pg

    Let us help