Foreign Currency Accounts

Receive funds and make payments in major currencies1 with our Internet Banking Solutions for Businesses2

Open an account

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Open from 8 a.m. to 6 p.m.

Foreign currency accounts in euros, U.S. dollars, renminbi (yuan) and 13 other currencies

Does your business frequently conduct transactions in the same foreign currency? We have accounts in 15 foreign currencies that can simplify your international operations and mitigate risks associated with exchange rate fluctuations.

  • Opening an account is easy—no minimum balance required.
  • Monitor your account balance and transactions whenever you want, wherever you are, through our online banking solutions.
  • Receive funds and make payments and transfers between your CAD or USD account and your foreign currency account at any time. Amounts are automatically converted into the currency of the receiving account.4
  • Protect your earnings with a fixed conversion rate5 through a forward exchange contract.
  • Secure your transactions: our online banking solutions have added security through a SecurID® token.
  • Receive a monthly account statement.
  • Receive a monthly statement of account in paper, email or BAI (Bank Administration Institute) format detailing the previous business day's transactions.6

Note that deposits in your business accounts are insured by the Canada Deposit Insurance Corporation (CDIC) in all currencies. Learn more about the protection offered by the CDIC.  

Monthly management fees apply to foreign currency accounts.7 Cash deposits and withdrawals are not permitted, and cheques cannot be issued on foreign currency accounts.

Our 15 foreign currency accounts

Ready to open a foreign currency account?

Open an account 

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Foreign currency deposits are covered by the Canada Deposit Insurance Corporation (CDIC). Find out more about the coverage offered by CDIC.

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Payments and accounts in CNY (Chinese yuan renminbi) are subject to certain restrictions. For more information, contact the Account Manager or International Trade Managers in your area.

Currency conversion will be carried out according to National Bank's usual practices.

The applicable exchange rate will be the rate in effect when the transaction is processed.

Certain conditions apply. For more information, consult one of our advisors.

Somes fees may apply. Consult our fee page for more details.

⁷ Account handling fees of $35 per month apply to foreign currency accounts.

Fees are subject to change. For more information on our fees, consult our  Fee Guide – Banking Services for Businesses .

®SecurID is a registered trademark of RSA Security Inc. Authorized user: National Bank of Canada.

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