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Business Forex and Trade Services
The Business Banking Current Account facilitates businesses that require foreign exchange services such as:
- Facilitating payments and receiving monies in a range of currencies and crediting it in your business current account at competitive exchange rate
- Remit to India to more than 4000 ICICI Bank Ltd India and 55,000 other bank branches in India through Internet Banking and Branch Network
- Trade Finance and Working Capital Solutions
- Treasury hedging solutions including Forwards (including Indian Rupee forwards), Fxswaps, Interest Rate Swaps, Options
- ICICI now offers remittances in more than 100 currencies, including following currencies: GBP (British Pound), EUR (Euro), USD (United States Dollar), INR (Indian Rupee), CNY (Chinese Yuan), CHF (Swiss Franc), SEK (Swedish Krona), CAD (Canadian Dollar), AUD (Australian Dollar), AED (UAE Dirham), HKD (Hong Kong Dollar), SGD (Singapore Dollar), JPY (Japanese Yen), HUF (Hungarian Forint), PLN (Polish Zloty), CZK (Czech Koruna), NOK (Norwegian Krone), DKK (Danish Krone), NZD (New Zealand dollar), ZAR (South African rand), XOF (West African CFA Franc), MYR (Malaysian Ringgit), KRW (South Korean Won), IDR (Indonesian Rupiah), THB (Thailand Bhat), PHP (Philippines Peso), SAR (Saudi Riyal), NGN (Nigerian Naira), BRL (Brazilian Real), ARS (Argentine Peso), GHS (Ghanaian Cedi), MXN (Mexican Peso), BDT (Bangladesh Taka), VND (Vietnamese Dong), BHD (Bahraini Dinar), OMR (Omani Rial), KES (Kenyan Shilling) and ILS (Israel New Shekel)
Click here for Business banking terms and conditions
Click here to know rates & charges
Customer needs to have business current account to avail these services with us
Product Overview
Use our online platforms to avail forex services. You will get the following features:
- Cross currency payments to UK and overseas beneficiaries
- Real-time payments and transfers
- Transaction history for tracking payments
- Letters of Credit
- Fixed deposit backed Bank Guarantees
- Stand by Letters of Credit
- Export and Import Document Collection Services
Please contact your branch/relationship manager for further details
Eligibility |
To use this service, you must hold a Business bank account with ICICI Bank UK Plc. Apply online now |
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Safe and secure |
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Contact Details |
Contact our customer service number 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls) or email uk.business@icicibank.com for enquiries. |
1. Who regulates us?
ICICI Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).
2. What should you do if you have a complaint?
If you want to make a complaint, please contact us at:
Customer Relations,
ICICI Bank UK PLC,
2nd Floor, One Thomas More Square,
London – E1W 1YN
Or
Email us at ukcustomerrelations@icicibank.com
We will then arrange for a member of the complaints team to investigate and respond to you immediately.
3. Are we covered by the Financial Services Compensation Scheme (FSCS)?
ICICI Bank UK PLC is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.
In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.
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