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FOREIGN EXCHANGE

Investrust Bank Plc buys and sells foreign currency at very competitive rates. For large transactions, the rates are negotiable directly with Treasury Department. The department will within its ability quote very fine rates for substantial volumes traded.

Kwacha settlement for foreign exchange deals may be done through the RTGS system of by directly crediting your account if you are already our customer. Standard settlement time for such transactions is two working days. However, this is subject to negotiations depending on the amounts involved and where the foreign exchange is coming from or going to.

The currencies we deal in are the United States Dollar, British Pound (GBP), South African Rand (ZAR) and the Euro (EUR)



The bank has a number of reputable correspondent banks through which it conducts foreign exchange business on behalf of our customers. Our correspondent International banks include the following:

NAME OF BANK COUNTRY CURRENCY
Citibank United Kingdom British Pound Sterling / Euro
Citibank United States United States Dollar
Citibank South Africa South African Rand/ United States Dollar
ABSA South Africa South African Rand
Lloyds United Kingdom British Pound Sterling


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