are there fees charged for nostro accounts 
there are fees charged for nostro accounts because it is an additional feature banks with nostro facilities usually charge maintenance fees that may be expensive individuals don t have nostro accounts 3the bottom linenostro accounts simplify the process of exchanging and trading in foreign currencies because they ease transactions conducted in another currency while helping hedge exchange rate risk these accounts are most often held in the major convertible currencies u s or canadian dollars the british pound the euro or the japanese yen the opposite term vostro account is the way in which a bank refers to the accounts that foreign banks have on their books that are denominated in the holding bank s home currency the bank holding a nostro or vostro account may be called the facilitator bank nostro accounts differ from standard demand deposit accounts because they are denominated in foreign currencies also only businesses or governments have nostro or vostro accounts they aren t offered in the same way to individual account holders 