Multi-currency accounts are designed to help customers manage more than one currency through a single service or platform.
Holding versus converting
A service may support conversion into a currency without allowing a customer to maintain an ongoing balance in that currency. Check the distinction.
Receiving money
Some providers supply receiving details for particular currencies. Availability can differ by customer location, customer type and currency.
Sending money
A multi-currency balance can sometimes be used directly to make payments in that currency, potentially reducing the need for an additional conversion.
What should you compare?
- Eligible countries
- Supported currencies
- Currencies that can be held
- Receiving details
- Conversion pricing
- Transfer charges
- Cards
- Regulatory status and protections