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1. WHAT IS FX GLOBAL ?
FX GLOBAL is an FCDU account opening facility to assist RCBC online retail clients from opening an FCDU settlement account solely for foreign exchange purposes.
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2. WHAT ARE THE AVAILABLE CURRENCIES THAT I CAN OPEN IN FX GLOBAL?
The enrolled RCBC client can open: USD, GBP, EURO, JPY, HKD & SGD accounts.
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3. HOW MUCH INITIAL DEPOSIT AND BALANCE DO I NEED TO OPEN AND MAINTAIN MY IN FX GLOBAL ACCOUNT?
The client can open the account online without an initial deposit and keep it active with zero balance.
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4. CAN I MAKE A DEPOSIT TO THE FX GLOBAL ACCOUNT?
The FX Global FCDU account is an account used for settlement purposes of foreign exchange transactions only. The account holder will not be able to make an over the counter deposit to the account.
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5. CAN I MAKE AN OVER THE COUNTER WITHDRAWAL ON MY FX GLOBAL ACCOUNT?
Yes, to receive the proceeds of your foreign exchange transactions, the client will have to choose their preferred branch to withdraw the proceeds of the foreign exchange. The proceeds will be available two (2) banking days after the transaction and should be withdrawn within five (5) banking days after.
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6. CAN I USE THE FX GLOBAL ACCOUNT TO SEND AND RECEIVE REMITTANCES?
The FX Global FCDU account is an account used for settlement purposes of foreign exchange transactions only. The account will not accept instructions to send and receive remittances.
