product-revamp textLeft subNavStatic
Business Bank Account

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 solutions including Forwards (including Indian Rupee forwards), Interest Rate Swaps, Options

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

APPLY NOW    Login Now   REQUEST CALL BACK   

Product Overview

Business Forex


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

Trade Services


  • 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

Other Product Information: Online Business Forex


Eligibility

To use this service, you must hold a Business bank account with ICICI Bank UK Plc. Apply online now

Access

  • The Corporate Internet Banking( CIB) platform allows Business customers access to your accounts 24*7 hours
  • Payments can only be made if there are adequate funds available on the account.

Features and Benefits

  • Real time forex rates
  • Current accounts can be opened in the following three currencies (GBP,USD and EURO)
  • International Payments can be made to your payees in the following 12 currencies USD, EUR, GBP, HKD, INR, AUD, SGD, CAD, JPY, AED, SEK, CHF

Transfer Limit

  • The maximum daily online limit per customer is USD 250,000.
  • For higher limits please contact your branch/relationship manager

Safe and secure

  • Dual Level Authentication with separate login details for every authorised signatory.
  • One time Passwords and Two factor Authentication to protect your contact from online frauds

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.

 

Key Information


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.