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Foreign Currency Account

Ideal for businesses dealing with international partners or managing foreign currency inflows. MauBank's Foreign Currency Account allows you to earn interest on your savings (subject to maintaining a minimum balance) and offers the flexibility to open accounts in a sole or joint name. You can transfer funds locally or abroad, withdraw in both MUR and foreign currency, and set up standing orders for regular payments. With Internet Banking, managing your foreign currency transactions becomes seamless and accessible anytime.



The account is available in major currencies including GBP, USD, EUR, CHF, AUD, and ZAR, with the possibility of opening accounts in other currencies upon request.

Useful Information
  • Basic Features
  • Open an Account
  • Account prerequisites
  • Minimum initial deposit – Term Deposit: GBP: 5,000 – USD: 5,000 – EUR: 5,000 – CHF: 5,000 – AUD: 5,000 – ZAR: 5,000
  • Minimum initial deposit – Savings account: GBP: 2,000 – USD: 2,000 – EUR: 2,000
  • Minimum amount to earn interest: GBP: 5,000 – USD: 5,000 – EUR: 5,000 – CHF: 5,000 – AUD: 5,000 – ZAR: 5,000
  • Commission in lieu of exchange on each debit entry: 0.5% – Minimum MUR 100
  • Processing fee levied on deposits in bank note: 1% on amount being deposited in notes
  • Processing fee levied in case deposits are in traveler’s Cheque, provided transactions is acceptable to the bank: 0.5%
  • Withdrawal of notes from foreign currency account: 1% on USD notes and 0.5% charged on other currencies
  • Credit facilities (FCY) – Margin over LIBOR: As per arrangement
  • Service fee: 1 unit as per currency /month if balance is below 500
  • Commission in lieu of exchange on outward remittances: 0.5% with a minimum of 5 units in the applicable currency
  • Deposits uplifted before maturity: 1% on USD notes and 0.5% charged on other currencies

Download the account opening form here and visit any MauBank Business Centre around the island to open your account. Click here to view a list of MauBank Business Centres.

  • National ID card
  • Proof of address (CEB, CWA or MT bill) – less than 6 months
  • If the bill is on your parent/spouse’s name, please bring along your birth/marriage certificate
  • Business Registration Number, Certificate of Incorporation and any other documents which will be required by the bank.

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