Beyond Dawlish

An FCY account (Foreign Currency Account) is an excellent option for individuals and businesses who frequently deal with international transactions. This type of account allows you to hold funds in various foreign currencies, such as USD, EUR, or GBP, providing a hedge against exchange rate fluctuations and offering ease in managing cross-border payments. Banks in Pakistan, like Standard Chartered and HBL, offer these accounts with varying interest rates and fees, so it's important to compare the options available. Additionally, consider the bank’s international transfer capabilities and any specific requirements for opening and maintaining the account.