WHAT IS A FOREIGN CURRENCY DEPOSIT UNIT?

DID YOU KNOW THAT...

WITH A FOREIGN CURRENCY DEPOSIT UNIT:

in foreign currencies

For Individualsup to US$500,000per day

For Corporates/other entitiesup to US$1 millionper day

@BangkoSentralngPilipinas

@BangkoSentral

For inquiries, please contact:INTERNATIONAL OPERATIONS DEPARTMENT

(632) 708-7108iod@bsp.gov.ph @BangkoSentral

www.bsp.gov.ph

The BSP’s liberalized rulesand regulations on foreign

exchange (FX)

FCDU deposits stood atUS$41.3 billion as of

end-June 2019.

MAKES IT EASY FOR RESIDENT FILIPINOS AND INVESTORS TO

TRANSACT

You can deposit your own FX and/or FX purchased from

banks in an FCDU account for eventual remittance to intended beneficiary.

You can buy FX from banks for education, medical and

travel expenses, among others, without supporting

documents.

You can invest in any form of instruments* issued/created by non-residents using your own

FX or FX purchased from banks.

*Excluding foreign currency deposit accounts offshore. Provided that

these comply with applicable Philippine laws, rules and regulations.

DEPOSIT BUY INVEST

FOREIGN EXCHANGEREGULATIONS

FCDU ACCOUNT

www.bsp.gov.ph/downloads/regulations/

fx.asp

CORP.

FCDUBANK

FOREIGN CURRENCYDEPOSIT UNIT?

WHAT IS A

Refers to a unit of a local bank/branch of a foreign bank authorized by the Bangko Sentral ng Pilipinas (BSP) to engage in foreign-currency denominated transactions,

pursuant to Republic Act No. 6426 (the Foreign Currency Deposit Act of the Philippines), as amended.