FCDA
Hold and manage funds in USD, GBP, ZAR or CAD. Protect your savings from exchange-rate fluctuations and transact internationally with ease.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Affordable Minimum Balance
Affordable – You can invest a minimum opening balance of 1000 USD or equivalent, ZAR, CAD, GBP or EUR
Protected from Currency Fluctuations
Peace of mind – You may protect your investment against currency fluctuations without having to move funds offshore
Transfer Funds Easily
Convenience – You can transfer funds to a local your local currency Centenary Bank account for free
Key Features & Benefits
- Tracking of your transactions, through your monthly statement or at your convenience via Flex Online
- No ledger fees on account.
- Transacting 24/7/365 electronically through Flex Online banking platform
Transparent pricing
Rates & Charges
| Fee | Charge |
|---|---|
| Monthly Service Fee | Free |
| Transfer from FCDA to Current Account | Free |
| Cash withdrawal from FCDA | Free for Individuals; 2% or min K17,475 for Corporates |
| Transfer to other banks (transfer cost) | USD60 |
| Transfer to other banks (Swift message) | USD45 |
Fees and charges are reviewed annually.
Getting Started
What you need to open this account
Bring along the documents below and you'll be banking in no time.
Identification
- Malawians: National Identity Card (including Driving Licence, Traffic Registration Card or Passport)
- Foreigners: Passport
Supporting Documents
- Proof of Residence — Utility Bill or a sketch map and a letter from a Chief
- Proof of Income
Ready to apply?
Scan the code to download the application form, or tap the button below. You can also open this account at any Centenary Bank branch.
Fees and charges are reviewed annually.
Here's what people are saying
Centenary Bank's foreign currency accounts provide flexibility, protection, investment opportunities, and global connectivity. With expert support, they are a game-changer for financial well-being.
Ready to open your FCDA?
Can't find the answer you're looking for? Visit a branch or contact our help desk.