Foreign currency accounts

Receive funds and make payments in major currencies1 with our online banking for business.2

Make an appointment
Or call us at 1-844-394-4494, Monday to Friday, 8 a.m. to 8 p.m. (ET).
Photo of a smiling entrepreneur who chose a National Bank foreign currency account
Photo of a smiling entrepreneur who chose a National Bank foreign currency account

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 for business.
  • Receive funds and make payments and transfers between your CAD or USD account and your foreign currency account.
  • 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 for business has 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
  • Learn more about how your account is protected by the Canada Deposit Insurance Corporation (CDIC).

Our 15 foreign currency accounts 

1. U.S. dollar (USD)

2. Euro (EUR)

3. Renminbi (yuan) (CNY)3

4. Pound sterling (GBP) 

5. Japanese yen (JPY)

6. Norwegian krone (NOK)

7. Czech koruna (CZK)

8. Australian dollar (AUD) 

9. Hong Kong dollar (HKD)

10. Singapore dollar (SGD)

11. New Zealand dollar (NZD)

12. Mexican peso (MXN)

13. South African rand (ZAR)

14. Saudi Arabian riyal (SAR)

15. Polish zloty (PLN)

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.

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Need assistance? We’re available Monday to Friday from 8 a.m. to 8 p.m. (ET).

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Little details that matter

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

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

2. Certain browser versions are needed to access National Bank's website and online banking services. Please visit this page.

3. 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.
 

4. 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.
 

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

6. 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.