Foreign Currency Accounts

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

Make an appointment online

1-888-394-4494 (toll-free)
Open from 8 a.m. to 6 p.m.

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

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^® key.
Receive a monthly account statement.
Monthly management fees apply to foreign currency accounts^6.
Cash deposits and withdrawals are not permitted and cheques cannot be issued on foreign currency accounts.

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)

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)

Ready to open a foreign currency account?

Set up a meeting

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Legal notes

¹Amounts deposited in the foreign currency account are not insured under the Canada Deposit Insurance Corporation Act.

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

Please visit nbc.ca/en/support.

³Payments 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.

⁴Currency 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.

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

⁶Account 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.

Useful links

Business Account and Banking Service Agreement