• Facilitates international trade by allowing foreign currency transactions.

• Access to foreign currency loans for eligible businesses earning foreign currency.

• Holds business-related inward remittances in major foreign currencies.

• Supports outward remittances and local disbursements as allowed.

• Competitive interest rates for BFCA term deposits.

• Convenient DFCC Online Banking facility for easy fund management.

• Withdrawal of up to USD 5000 (or equivalent) in foreign currency for travel purposes.

BFCA accounts are available to:

• Individuals resident in Sri Lanka engaged in business activities.

• Sole proprietorships and partnerships registered in Sri Lanka, where the proprietor or a majority of partners are Sri Lankan residents.

• Companies incorporated in Sri Lanka.

• Overseas companies registered under the Companies Act No. 07 of 2007.

• State institutions, with the recommendation of the relevant Ministry Secretary.

• Authorised shipping agents or general sales agents operating in Sri Lanka.

• Executors or administrators of a deceased estate maintaining a BFCA.

• Receivers or liquidators of a company that previously held a BFCA, until proceedings are concluded.

• Complete the application form

• Gather all required documents (Valid ID, Business Registration and all related documents, Proof of Address, Proof of Source of Funds (if applicable))

• Visit any DFCC Bank Branch

1. Who can open a BFCA?

Sri Lankan businesses, sole proprietors, importers, exporters, and individuals engaged in foreign exchange transactions are eligible to open a BFCA.

2. What currencies can I maintain my BFCA in?

BFCA accounts can be maintained in USD, GBP, EUR, JPY, and other designated foreign currencies.

3. Can I transfer funds from my BFCA to other foreign currency accounts?

Yes, funds can be transferred to PFCA, OIA, Offshore Banking Accounts, and Inward Investment Accounts, subject to regulations.

4. Can I withdraw foreign currency from my BFCA?

Yes, withdrawals of up to USD 10,000 or equivalent are permitted for travel purposes.

5. Can I obtain a foreign currency loan using my BFCA?

Yes, foreign currency loans are available for businesses that earn foreign exchange.

• Personal Foreign Currency Account (PFCA)

• Outward Investment Account (OIA)

• Inward Investment Account (IIA)

• BFCA Account Opening Form

• Terms & Conditions