There’s no minimum balance requirement on a Multi-Currency Call Account (MCA). The minimum balance for Foreign Currency Time Deposit (FCTD) is USD 25,000 equivalent.
No. MCA does not accept cash transactions. To buy or sell foreign currency cash notes, please see our Foreign Currency Cash Exchange service for details.
Buying and selling foreign currency usually takes two business days to settle, except for the Canadian Dollar, which typically takes one business day to settle.
Yes. Foreign currency deposits are FDIC insured.1 However, the FDIC does not protect against foreign currency exchange rate risk.
If you need help receiving foreign currency, please see our Incoming Wire instructions.
MCA is a non-interest bearing account. Please contact our Foreign Exchange Department at 866-228-4299 or by email at [email protected] for our competitive FCTD interest rate.