You may hold an instant deposit account for cash deposits in a specific currency that is not required immediately but that you may need at short notice. You need to hold an active current account in the nominated currency with us.
Our instant deposit accounts are available in 20 different currencies and may earn interest, which varies by currency. You access your funds immediately by transferring them to your current account.
If you don't need funds in a particular currency for a period of time, you may hold them in a term deposit account. You can open accounts in up to 20 currencies for 3, 6 or 12 month terms. They will accrue interest, which varies by currency. During the term, interest rates are fixed and you cannot withdraw funds. You need to hold an active current account in the nominated currency.
Small to Medium-sized Enterprises (SMEs) are central to the UK economy. Around 60% of the UK's private sector employment is in SMEs, according to the Federation of Small Businesses. We help SMEs reduce foreign exchange (FX) charges through a fair and transparent transaction services tariff for international payments and FX.Read more >>
International transaction flows and payments by non-bank Payment Service Providers (PSPs) continue to increase in quantity as the number of banks that provide current accounts and services to the sector has reduced. Forward-thinking organisations like BFC Bank have implemented strategies to support PSPs, which helps improve financial inclusion worldwide.Read more >>