- Financial Services
- Introducing the New Foreign Bank International Cash Services Program
- Foreign Bank International Cash Services Program Participant Approval Announcement
Moneycorp Bank Limited and Moneycorp (Hong Kong) Limited have been approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (“FBICS”) program. The program is designed to permit certain foreign banks that do not have a presence in the United States to open limited-purpose master accounts on the books of the Federal Reserve Bank of New York, and to use those accounts to access Federal Reserve Bank currency services in connection with their international banknote operations.
For more information about the FBICS program, please visit the Foreign Bank International Cash Services Program Description.