FAQ

The most commonly asked questions about banking with First Capital Savings and Loan.


Why is my money being converted to Euros?


First Capital Savings and Loan is a global offshore financial institution. With this in mind, it is in the best interest of the bank and our clients to work with the strongest currency in the world.

Being that the very core of our business is Currency trading in the Forex Spot Markets, we are intimately familiar with the strengths and weaknesses of the top major global currencies. The Swiss Franc is the strongest currency in the world, but is too expensive to hold. The second strongest is the Euro. Unfortunately, the US Dollar is further down on the list. While the Dollar still holds 64% of the global currency flow it has experienced a 23% decrease over just the last 5 years.

It is only good business to hold onto appreciating assets, and the Euro is by far the best currency to be holding in the Forex Markets.


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Address:
Auckland Compliance Ltd,
Level 3, Suite 24
60 Cook St 1010
Auckland - New Zealand

Telephone:
+64 9 (889) 2825

Emails:
info@firstcapitalsl.com


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First Capital Savings & Loan is offering financial services as a Finance Company and not as a registered bank under supervision by the Reserve Bank of New Zealand. Services are not available to the public in New Zealand.