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What is Form A in banking


Form 'A', according to GTCO, is an application form designed by the Central Bank of Nigeria to pay for service transactions (invisible trade). The form allows customers to purchase foreign exchange at the CBN or interbank rate to make payments for eligible services.

What is form A used for?

A Form-A is a written document or a certificate that proves the origin of goods from specific developing countries. This certificate is used for obtaining discounts or an exemption from tariff for exported goods to the European Union (EU) countries.

What is form A used for in the bank?

Form A. It is an application form designed by Central Bank of Nigeria to pay for service transactions (invisible trade) that allows customers to make payment for services such as School fees, Technical fees, Dividends, Airline Tickets, Loans repayment, Judgment debt, Personal Home Remittance, PTA, BTA etc.

How long does it take to approve Form A in Nigeria?

How long does it take for CBN to approve form a? The process usually takes two to three weeks \— depending on the application period.




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What is Form A in Nigeria

What is form a used for

What is Form A used for in Nigeria