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Foreign Currency Account

Ideal for SMEs with international partners or payments. Earn interest and transact globally in major currencies.



If your business works with overseas clients, suppliers or platforms, managing multiple currencies can quickly become costly and time-consuming. A MauBank Foreign Currency Account helps you receive, hold and pay in foreign currency, without converting funds unnecessarily.

Designed for SMEs and entrepreneurs, this account allows you to transact in major international currencies while keeping day-to-day control over your cash flow. You can receive payments from abroad, pay international suppliers, and manage recurring foreign currency expenses with greater ease.

Key account features
  • Straightforward entry requirements
  • Earn interest on meaningful balances
  • Foreign currency transactions
  • Cash and instrument handling
  • Account maintenance & flexibility
Business Value

How it supports your business

Earn interest on balances, subject to maintaining the required minimum
Open the account as a sole or joint account holder
Transfer funds to accounts in Mauritius or abroad
Make withdrawals in local or foreign currency
Set up standing instructions for recurring foreign payments
Access and manage your account securely via Internet Banking
Get started with clarity and confidence
  • Key account features & charges
  • Available currencies

1. Straightforward entry requirements

  • Minimum opening deposit for Term Deposit accounts:
    GBP 5,000 | USD 5,000 | EUR 5,000 | CHF 5,000 | AUD 5,000 | ZAR 5,000
  • Minimum opening deposit for Savings accounts:
    GBP 2,000 | USD 2,000 | EUR 2,000

 



2. Earn interest on meaningful balances

  • Interest applies once a minimum balance of:
    GBP 5,000 | USD 5,000 | EUR 5,000 | CHF 5,000 | AUD 5,000 | ZAR 5,000 is maintained



3. Foreign currency transactions

  • Commission in lieu of exchange on debit entries: 0.5% (minimum MUR 100)
  • Commission in lieu of exchange on outward remittances:0.5% (minimum 5 units of the applicable currency)



4. Cash and instrument handling

  • Cash deposits in banknotes: 1% of the amount deposited
  • Deposits via traveller's cheques: 0.5%, subject to acceptance by the bank
  • Cash withdrawals from foreign currency accounts:

    • USD notes: 1%
    • Other currencies: 0.5%



5. Account maintenance & flexibility

  • Monthly service fee of 1 unit per currency applies if the account balance falls below 500 units
  • Early uplift of fixed deposits before maturity:

    • USD notes: 1%
    • Other currencies: 0.5%
  • Great Britain Pound Sterling (GBP)
  • United States Dollar (USD)
  • Euro (EUR)
  • Swiss Franc (CHF)
  • Australian Dollar (AUD)
  • South African Rand (ZAR)

Other currencies may be considered upon request

Open a Foreign Currency Account

This account helps simplify cross-border business by reducing conversion costs and giving you more flexibility over when and how you exchange currency.

  • Receive and hold foreign currency from international clients
  • Pay overseas suppliers directly in the same currency
  • Reduce frequent currency conversions and related costs
  • Manage international payments alongside your local operations

Visit any MauBank Business Center around the island to open your account. Click here to view a list of MauBank Business Centers.

  • 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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