Foreign Currency Accounts Sri Lanka

Foreign Currency Accounts

Whether you’re an individual looking to manage foreign earnings or a business handling international trade, DFCC Bank offers many types of foreign currency accounts in Sri Lanka, designed to meet diverse financial needs. Our foreign currency accounts cater to both resident and non-resident individuals, investors, and businesses, ensuring secure and seamless international transactions.

Foreign CurrencyAccounts

Inward Investment Accounts (IIA)

Outward Investment Account (OIA)

Business Foreign
Currency Accounts

Personal Foreign
Currency Accounts

Capital Transaction Rupee
Account

Seamless Foreign Currency Accounts for Global Transactions

Key Features & Benefits

Foreign Currency Accounts Content image 2

Multi-currency support
Hold and transact in major global currencies
Secure & regulated
Fully compliant with Central Bank regulations
Hassle-free global transactions
Easily send and receive funds internationally
Attractive interest rates
Competitive returns on foreign currency deposits
Online banking access
Manage your foreign currency account in Sri Lanka from anywhere with DFCC ONE and Online Banking
Ideal for investors, expatriates, freelancers, and businesses

Types of Foreign Currency Accounts in Sri Lanka

Account Type

Purpose

Ideal For

Inward Investment Account (IIA)

Enables foreign investors to invest in Sri Lankan capital markets and financial instruments

Small businesses, market vendors, service providers with physical/online presence

Outward Investment Account (OIA)

Allows Sri Lankan residents and companies to invest in offshore ventures and financial instruments

Sri Lankan businesses, individuals, and investors

Business Foreign Currency Account (BFCA)

Helps exporters/importers, businesses, and professionals transact in foreign currency for trade and services

Exporters, international traders, service providers

Personal Foreign Currency Account (PFCA)

Enables individuals to hold and transact in foreign currencies for savings, remittances, and payments

Sri Lankan individuals, expatriates, foreign currency earners, freelancers

Capital Transaction Rupee Account (CTRA)

Facilitates inward capital remittances and all types of investments in Sri Lanka

Eligible Sri Lankans & Non-nationals

Eligibility

Eligibility criteria vary depending on the type of foreign currency account. However, in general:

Non-residents and expatriates can open select accounts for foreign transactions
Sri Lankan individuals and businesses can open BFCA/PFCA accounts for international payments and investments
Investors and companies seeking to invest in or outside Sri Lanka are eligible

How to Apply

Complete the application form
Gather all required documents
Visit any DFCC Bank Branch

Frequently Asked Questions (FAQs)

What are foreign currency accounts?

A foreign currency account allows individuals or businesses to hold, send, and receive foreign currency funds, enabling seamless international transactions.

Who can open a foreign currency account in Sri Lanka?

Foreign currency accounts can be opened by:

Sri Lankan citizens and expatriates earning in foreign currencies
Non-residents and foreign investors
Businesses and export/import businesses engaged in international trade

What are the benefits of having a foreign currency account?

Ability to transact in multiple foreign currencies
Secure and regulated banking for global transactions
Ideal for investment, trade, and remittances
Attractive interest rates on select accounts

How do I transfer money internationally using my foreign currency account?

Transfers can be made via:

Online banking (DFCC ONE)
SWIFT transfers
Correspondent banking networks

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