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International Banking
Home / International Banking / Foreign Currency Accounts for Professional Services providers(FCAPS))  
 
Foreign Currency Accounts for Professional Services providers(FCAPS)  
 
 

Could be opened by Sri Lankans, firms or companies resident in Sri Lanka who are providing Professional Services to residents outside Sri Lanka and/or to local firms who have an established source of earnings in foreign exchange. 

How to open a FCAPS Account

  1. Download an account opening form or collect a form from one of our Customer Centres.

  2. Complete the form, sign and present it to a Customer Centre convenient to you along with an undertaking of the individual/firm that they are already engaged in providing professional services and are remunerated in foreign currency

Credits permitted to a FCAPS Account  

  • Inward Remittances received for providing professional services including bank drafts in foreign currency.

  • Payment received in foreign exchange for having provided professional services to local firms who earn their revenue in foreign exchange.

Permitted Debits

  • Outward remittances on account of current transactions.  (Related topayments made for services)
  • Local disbursements

  • Payment to another FCAPS Account

 
 
 
 

 

 

 

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