CURRENT ACCOUNT IN FOREIGN EXCHANGE

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Print Account opening forms. After filling in the forms please present them physically at your nearest CRDB Branch.
Our Forex chequeing accounts are denominated in US Dollar, Pound Sterling and Deutsche Mark. The opening balance is equivalent to US $ 1000 for companies. Withdrawals are not subject to due notification or a ceiling.

BENEFITS

· You avoid financial loss and business ruin from:
   Foreign exchange risk.
   Fire and theft.

· You can effect payments in a convenient way through cheques.

· This account gives your company eligibility for loans in foreign currency.

· You can also plan well and operate your business more profitably using a fairly stable currency.

WHAT YOU NEED TO OPEN THIS ACCOUNT AT CRDB BANK

To open this account please submit the following company documents to a CRDB branch of your choice:

· A Resolution from your company's board of directors authorizing the opening of the account with CRDB (naming the particular CRDB branch).

· Certificate of incorporation that gives the company the legal standing in its dealings with CRDB.

· Memorandum and Articles of Association, which tell CRDB the nature of the business legally, allowed to be conducted by your company and how the company is organized to conduct business.

· A business license.

· Colored passport for each of the signatories (two each)

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