Foreign Currency Accounts

Foreign currency accounts enable you to maintain a foreign currency balance without having to open a bank account in a foreign country.

Contact a Specialist

For questions or to open an account, visit your local branch or contact our Foreign Exchange Advisors at Toll Free:

(888) 819-8883
Email Us

For inquires about RMB accounts,

please contact any branch office.

Find the nearest Desert Community Bank branch here.

Foreign Currency Accounts

Desert Community Bank offers various Foreign Currency accounts to meet your international needs. Whether you are looking to diversify your investments or just looking to hold a balance in a foreign currency, we have the right solution for you.

Our Foreign Currency Demand Accounts and Foreign Currency CDs enable you to make and receive payments in the many commonly traded foreign currencies. A Foreign Currency CD can also provide higher yields in funds for your investment, offering asset diversification advantages. All foreign currency accounts are held in the United States and are insured by the FDIC*.

Foreign Currency Demand Deposit (FCDDA) Foreign Currency Certificate of Deposit (FXCD)
The Foreign Currency Demand Deposit Account is a non-interest bearing account that enables you to make transactions in the foreign currency without having to convert funds. This type of account can reduce the costs associated with foreign exchange transactions. Our Foreign Currency CD offers competitive foreign interest rates and enables you to maintain a foreign currency balance without having to open a bank account in a foreign country.
  • No minimum balance1
  • Liquid – funds settle in 1-2 business days
  • Same day internal transfers
  • Cost saving – eliminate or reduce costs associated with FX
  • FDIC insured*
  • Provides diversification from the U.S. dollar
  • Flexible terms: 1 month to 1 year
  • Some currencies potentially offer higher yields than USD CD
  • FDIC insured*

1 Monthly fee may apply.

*There are substantial risks to almost all investments. Prior to entering into the foreign currency market, we encourage you to understand the factors that influence the currency market and the risks that are involved. These investments are subject to FX market risk and the possible loss of principal. Foreign Currency Demand Accounts and Foreign Currency CDs are FDIC insured to the regulatory limits. FDIC insurance covers against loss due to failure of the institution, but not due to fluctuation in currency values. FDIC insurance does not cover losses associated with those risks. For more information about the risks of foreign currency deposit accounts, please contact your East West Bank foreign exchange advisor. You may request a copy of the “Foreign Exchange Risk Disclosure Statement” for more details.

**Foreign Currency Certificate of Deposit (FXCD) not available in these currencies.

Currencies offered:

Asia Pacific

Australian Dollar
Chinese Renminbi
Hong Kong Dollar
Japanese Yen**
New Zealand Dollar
Singapore Dollar
Thai Baht


British Pound
Swedish Krona**
Swiss Franc**


Canadian Dollar
Mexican Peso