Multi-Currency Accounts

Manage global payments in one place.

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What is Multi-Currency Account?

A multi-currency account is a bank account that allows businesses to hold, send, and receive multiple currencies under one account number. It simplifies international payments and reduces the need for frequent conversions.

Types of Multi-Currency Accounts

Options include basic accounts for holding major currencies, accounts with debit/credit facilities, and integrated digital accounts connected with FX platforms. Some accounts also offer instant conversion and hedging tools.

Define Your Funding Need

Cash flow gaps, purchasing stock, funding expansion, managing seasonal fluctuations, supporting international trade, or other.

Choose the Right Funding Product

Each type of business funding works differently and comes with its benefits.

Submit Your Application

Provide details about your business.

Let the Experts Compare Options

We’ll present you with a broker to get the best available options for your business.

Review Offers

You can then decide which offer works best for your business.

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At Compare Business Funding, we make it easy to compare all debt options from leading UK lenders.

Whether you're looking for business loans, asset finance, invoice finance, property finance, or international trade and expansion funding, our specialised partners, expert business finance brokers, help you find the best deal for your business, saving you time, money, and hassle.

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Benefits of Multi-Currency Accounts

They minimise foreign exchange fees, allow businesses to receive payments in local currencies, and improve cash management across different markets. Holding funds in local currencies also protects against short-term rate fluctuations.

Popular with exporters, importers, e-commerce platforms, and freelancers serving international clients. Businesses trading across Europe, the US, and Asia find these accounts particularly efficient.

Things You Need to Know

Banks may charge account fees, and interest on balances is often minimal. Some accounts require minimum deposits or trading volumes.

FAQs

Can I open one as an SME?

Yes, many providers cater to SMEs and start-ups.

Which currencies can I hold?

Typically GBP, USD, EUR, and other major currencies.

Does it replace FX contracts?

No, but it reduces the frequency of conversions.

Are funds protected?

Yes, accounts are usually safeguarded under banking regulations.

Is it useful for online sellers?

Absolutely, particularly for Amazon, eBay, and Shopify traders.

Disclaimer: Compare Business Funding helps UK firms find the right finance credit broker for access to business finance. Compare finds credit brokers, not lenders. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  

This website is operated by Spark Finance. Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).