Currency Investment Account

Please keep the following in mind

• Foreign currency investment accounts are governed by South African exchange control rules and regulations.

• As the exchange rates fluctuate on a daily basis, the rand equivalent of the foreign currency amount deposited in the account can’t be guaranteed.

• The account can be opened in 18 different foreign currencies. Investments in currencies other than the above will be subject to negotiation.

• No minimum balance is required.

• There is no monthly account fee.

• Interest earned on the account is based on the London Interbank Bid Rate (LIBID) for the investment currency, less a margin determined by The Unicorn Bank.

• Interest is payable in arrears, in the currency of the principal investment and can be paid on a monthly basis or can be capitalised over and above the maximum permissible limit.

• Amounts may be withdrawn from these accounts.

• Deposits and withdrawals by means of stop orders are not permissible.

• A Currency Investment Account may not be overdrawn.

• Income earned on these accounts is taxable in South Africa.

• You can make international payments using your Currency Investment Account (CIA).

• You can transfer currency from your Currency Investment Account into a Multi-Currency Cash Passport.