The multicurrency deposit of an individual is today considered a relatively new service of banking organizations of the Russian Federation.
Therefore, many of the future investors have no idea about its advantages and disadvantages. Despite the fact that a multicurrency deposit was declared by most banks upon receipt of a license to provide financial and credit services, most of the clients of financial institutions began to use it only recently.
The first advantage of a multicurrency deposit is that when concluding an agreement on opening a deposit, the client receives at least two accounts: one in Russian rubles, and the second in the currency chosen by the client. Continue reading