The Business Foreign Currency Account (BFCA) is an account designed for Individuals or business entities that earn foreign exchange. The BFCA can be opened in any designated currency.

• An individual resident in Sri Lanka. 
• A sole proprietorship or partnership registered in Sri Lanka where the proprietor or most partners are resident in Sri Lanka (in case of a partnership with two partners, at least one partner shall be a resident in Sri Lanka).
• A company incorporated in Sri Lanka. 
• A company incorporated outside Sri Lanka which is registered as an overseas company under the Companies Act No 7 of 2007. 
• A State Institution with the recommendation of the Secretary to the relevant line Ministry or appropriate Authority. 
• An administrator or executor of the estate of a deceased person, who maintained a BFCA with an Authorized Dealer until the completion of the administration of the deceased person’s estate; 
• A receiver or liquidator of a company that maintained a BFCA with an AD, until proceedings are concluded.

• Withdrawal in foreign currency notes up to USD 5,000 or its equivalent for travel purposes. 
• Foreign Currency Loans for foreign exchange earners. 
• Sampath Vishwa banking facility. 
• Special interest rates for BFCA fixed deposits. 
• Existing FEEA/IRDA/FCAASA accounts re-designated to BFCA.

For detailed information contact the nearest Sampath Bank Branch or call our Customer Care Centre.

Permitted Credits

• Remittances received in foreign exchange from abroad through the banking system in respect of, export of goods and services, entrepot trade, overseas projects undertaken by the account holder, and goods and services supplied locally to a person resident outside Sri Lanka.
• Foreign exchange accepted by the account holder in Sri Lanka in respect of goods and services supplied by such person to a person resident outside Sri Lanka.
• Foreign exchange brought into Sri Lanka by the account holder on a declaration to Department of Customs where such foreign exchange exceeds USD 15,000 or its equivalent in other foreign currencies or an appropriate declaration to the Bank where such foreign exchange is less than or equals USD 15,000 or its equivalent in other foreign currencies.
• Transfers from a Personal Foreign Currency Account (PFCA), BFCA or an account maintained in the Offshore Banking Unit (OBU) of the same account holder;
• Transfers from an account maintained in the OBU of a person resident outside Sri Lanka in respect of a current transaction.

Permitted Debits

• Any outward remittances made outside Sri Lanka in respect of current transactions and capital transactions of the account holder;
• Disbursements in Sri Lanka is in Sri Lanka Rupees;
• Transfers to a PFCA, BFCA or an account maintained in the OBU of the same account holder;
• Transfers to an account maintained in the OBU of a person resident outside Sri Lanka in respect of a current transaction;
• Withdrawal in foreign currency notes up to USD 5,000 (or its equivalent in any other foreign currency) or transfer of funds for uploading an FTC for travel purposes of the account holder in terms of the Directions No. 02 of 2021 dated 18th March 2021 on current transactions;