Customer Foreign Currency Accounts

Carry Out Foreign Currency Offshore Transfers with ease.

The Guaranty Trust Customer Foreign Currency Account allows customers to maintain accounts in foreign currencies. These accounts can be funded through travellers cheques, foreign cheques, SWIFT transfers and lodgment of foreign currencies.

A Customer Foreign Currency (CFC) Account is as the name implies an account kept in foreign currency. Foreign Currency inflows, SWIFT transfers and cash deposits can be made into the account. GTBank CFC account Holders can withdraw cash or make transfers from their accounts to other accounts offshore.

CFC Accounts are suitable for the following:

Individuals responsible for the maintenance of relations and friends overseas.

Businesses and organizations with foreign suppliers and / or customers.

Individuals, Business and Organizations with special need to maintain foreign Currency balances.

The following can open a Customer Foreign Currency Account.

• Citizens of Sierra Leone
• Resident Foreign Nationals
• Embassies, High Commissions and Other International Organizations
• Registered Sierra Leonean Companies

The benefit to be gained from a Customer Foreign Account are the following:

It provides a legal way of remitting and holding foreign currency irrespective of the amount. Automatic payment abroad for goods and services. Funds held in Foreign Currency Accounts attract market-oriented interest, which is negotiable.

The following are the Documentation required to open a CFC Account

Corporate

• Duly completed application form
• Specimen signature of signatories to the account.
• Passport photographs of each signatory to the account.
• Memorandum and Articles of Association.
• Identification Document for each signatory to the account, e.g. Driving Licence, Passport.
• Certified true copy of certificate of incorporation.
• Board resolution.
• Reference letters.

Individuals

• Duly completed application form
• Specimen signature of signatories to the account
• Passport photographs of each signatory to the account
• Identification Document for each signatory to the account, e.g. Driving Licence, Passport.
• Reference letters

To open a CFC account, download the relevant application form below, complete it and send to any of our branches.

Current Account Opening Form