Best multi-currency business accounts

Discover what multi-currency business accounts are, how to get one and whether it's worth applying for.

If you travel abroad a lot for work or have a business that deals internationally, it’s definitely worth considering a multi-currency bank account.

Latest reviews of business accounts with multi-currency features

Revolut - Revolut Business Basic

Revolut Business Basic
Finder rating
★★★★★
Go to site Read review
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The business account from Revolut enables you to create, send, manage and reconcile invoices, all within its basic service. Revolut is known for its multicurrency approach, and its business account is no different. You can receive, hold and exchange money in more than 25 currencies worldwide with no hidden fees. You can set up as many sub-accounts in each currency as you need. In addition, you can get fixed foreign exchange rates for a set amount and date in the future, and you can spend like a local worldwide with your company debit card in 150 currencies. Each team member can get up to 200 virtual cards and 3 physical plastic cards. You can set card limits, track, freeze and unfreeze cards, as well as decide where cards can be used. If you’re looking for something a little more impressive, choose the Revolut metal card, exclusive to Revolut’s paid plans.
  • Flexible account options
  • Mobile app with lots of good features
  • Ability to issue cards to all employees
  • Easy to apply
  • Freeze card if lost or stolen
  • Safe and secure
  • Free purchases
  • Basic account does not include many free transactions
  • All ATM withdrawals incur a charge
  • Can't deposit cash or cheques into your account
  • Not yet a fully fledged bank
  • Direct debits only available for EUR accounts
Account fee N/A
Bank transfers N/A
Accounting integrations FreeAgent
Xero
Requires credit check N/A
Overdraft N/A

Equals Money - Multi-currency Business Account

Equals Money’s multicurrency business account provides you with dedicated account management and the ability to be flexible with your business currency needs. You can exchange currencies and transfer money between balances, as well as have multiple balances with their own settlement details in multiple currencies. In addition to this, you can split funds based on how they’re used in your business. The account doesn’t have any transfer or monthly fees, but it does have an annual charge. It lets you use up to 100 physical cards, although there is a fee for card issuance. If you don’t want to shell out for a physical card, there are also virtual cards available.
  • Dedicated account manager
  • Exchange & transfer between balances
  • Split funds based on business use
  • No transfer fees
  • Annual fee
  • Card issuance fee for physical cards
  • No overdrafts or direct debits available
Account fee N/A
Bank transfers N/A
Accounting integrations N/A
Requires credit check N/A
Overdraft N/A

MultiPass - MultiPass

The MultiPass business account has all you would need if you’re a small or medium-sized business with international banking requirements. The online platform offers a multicurrency account, international transfers and local currency accounts for GBP, EUR and USD. Everything is done online and you’ll have a dedicated account manager to help with your day-to-day needs as well as 24/7 customer support. MultiPass also offers a free consultation before you sign up. Just something to keep in mind, there are account opening fees, monthly maintenance fees and payment fees to contend with.
  • Easy onboarding and account setup
  • 24/7 customer support
  • Multicurrency account
  • Dedicated account manager
  • Account management fees
  • No mobile app
  • No overdrafts or business credit cards available
Account fee N/A
Bank transfers N/A
Accounting integrations N/A
Requires credit check N/A
Overdraft N/A

Airwallex - Multi-Currency Business Account

This bank account enables businesses to collect, hold and send money in multiple currencies. There are no monthly fees and accounts can be opened in a matter of minutes. Users will be able to transfer funds in more than 34 currencies into over 130 countries at competitive exchange rates. What’s more, you’ll be able to create virtual employee and expense cards for your business which will enable you to track spending and set spend limits. You can also use your multi-currency debit card to pay for expenses online or in person in different currencies with no transaction fees, provided you have the right currencies in your account. Further benefits include the option to connect your currency accounts with platforms like eBay, Shopify and PayPal, and the ability to sync your account with Xero to ensure your Xero transaction records are up to date for your accountant or bookkeeper.
  • Collect, hold and send money in several currencies
  • Competitive foreign exchange rates
  • No monthly account fees
  • No transaction fees for card payments
  • Not covered by the Financial Services Compensation Scheme
  • Transfers can only be made to your Airwallex wallet or to a business bank account
Account fee N/A
Bank transfers N/A
Accounting integrations Xero
Requires credit check N/A
Overdraft N/A

Juni - Juni Account - Made for ecommerce

With Juni, businesses can hold IBAN accounts in US dollars, Euros and Sterling. Account holders can track all of their company’s financials on the one platform and bring together their bank accounts and payment gateways such as PayPal, Stripe and Wise on the one dashboard. Further benefits of the account include Google Ads integration, the option to assign different permissions and access to different team members, plus the ability to sync your account with Xero to manage payments. The account is free to sign up to and there is no fee for your physical and/or virtual Visa or Mastercard cards. Juni does not charge for foreign card transactions, but if the currencies do not match, Mastercard or Visa may charge a fee. ATM withdrawals on the Visa card are free, but a fee may apply for the Mastercard card.
  • Hold IBAN accounts in 3 different currencies
  • All-in-one platform, allowing you to track finances with ease
  • Free to open an account
  • No fees for foreign card transactions from Juni
  • Not covered by the Financial Services Compensation Scheme
  • Only open to limited liability companies
  • No bank branches
Account fee N/A
Bank transfers N/A
Accounting integrations Xero
Requires credit check N/A
Overdraft N/A

3S Money - 3S Money Account

3S Money connects businesses to their customers around the world by offering local business accounts to send and receive funds globally. Its digital accounts can handle transactions in 38 different currencies and are designed to help your business send and receive high-value payments across the globe. Depending on the currency, some transfers can be completed the same day. Accounts also come with a personal manager to help support your business, as well as online account access for up to 10 users. Opening an account can be completed online and you’ll be able to speak to a member of the 3S Money team who will guide you through the onboarding process. Each application is processed on a case-by-case basis, which means you may be able to open an account even if you’re a non-resident. Your account will be opened within 15 days. Note that a monthly charge of €250 applies.
  • Send and receive high-value business payments around the world
  • Can handle transactions in 65 currencies
  • Dedicated personal account manager
  • High monthly charge
  • An application fee may also apply
  • Fees for certain transactions
Account fee N/A
Bank transfers N/A
Accounting integrations N/A
Requires credit check N/A
Overdraft N/A

Starling Bank - Business Current Account

Business Current Account
Finder rating
★★★★★
Customer rating
★★★★★
Read review
This free digital-only business account from Starling Bank enables users to make fast and secure transfers to bank accounts in 39 countries in 21 currencies with no hidden fees. In addition, there is the option to open a euro business account for £2 a month and a US dollar business account for £5 a month. These accounts let you exchange and hold euros or US dollars and will give you local account details to make and receive local payments for free. The Starling account is also useful if you regularly travel abroad for business as you won't be charged for using your bank card for purchases or cash withdrawals overseas. Further benefits of the account include integration with QuickBooks, FreeAgent and Xero, automated business spending categorisation, receipt capture, and free 24/7 UK support via the app, phone or email.
  • Add the new Business Toolkit onto your free Starling account and get the first month free of charge (RRP £7pcm)
  • Completely free UK current account opened and ready to use in 20 minutes
  • Safe and secure
  • Fully licensed by the FCA and PRA
  • Free to use your card abroad including ATM withdrawals, splitting the bill made easy with "settle up" feature, competitive and comprehensible overdraft fees
  • Decent interest rate paid on current account balances
  • Efficient app offering a range of good features such as budgeting tools and saving features
  • Has a marketplace offering competitive pensions
  • Mortgages and insurance from other growing fintech companies
  • Teen account options
  • 24/7 customer support (for all types of enquiries)
  • Relatively new so does not offer every feature, e.g. mortgages
  • No bank branches, all done via the web
  • Only available to UK residents
Account fee N/A
Bank transfers N/A
Accounting integrations FreeAgent
QuickBooks
Xero
Requires credit check N/A
Overdraft N/A

What is a multi-currency business account?

A multi-currency business account is an account that allows you to hold balances in multiple currencies. There are multi-currency bank accounts that allow you to have separate balances for pounds, US dollars and euros, for example.

This stops you having to pay foreign exchange fees when making a payment in a different currency, provided your balance is high enough. It also lessens the odds of your customers having to pay foreign exchange fees when you are able to accept multiple currencies.

How does a multi-currency business account work?

A multi-currency business account usually has one account number, IBAN and SWIFT code. This way, payments can be made and received using a single account. This means that, as well as cutting down on the admin involved in opening and maintaining business account in several currencies, you’ll usually save on foreign exchange fees.

How to get a multi-currency business account

You’ll apply the same way you would apply for any other business account. In most cases, you’ll be able to apply online, over the phone or in-branch.

With that said, a lot of the multi-currency business accounts on the market are provided by online-only business bank accounts.

Who is it for?

It’s suitable for any businesses that deal internationally, and therefore receive and make payments in multiple currencies. If you only trade in pound sterling, this isn’t a feature you need to look for in your business current account.

If you travel overseas to make in-person business payments, a multi-currency card will also prove useful, as most multi-currency business accounts offer low fees and great rates on all overseas transactions.

Pros and cons

Pros

  • Avoids foreign exchange fees. These types of accounts enable you to hold balances in multiple currencies, reducing the need for your bank to charge you for converting payments into different currencies.
  • Competitive exchange rates. Most of these accounts pride themselves on offering the best foreign exchange rates on other currencies.
  • Reduces admin time. These types of accounts reduce the amount of time you’ll need to spend tracking payments from overseas customers or checking payments to international suppliers are made from a particular account.

Cons

  • Extra fees. Some banks will charge an extra monthly fee for you to add multiple currencies to your account.
  • Some business accounts already offer strong exchange rates. A few business current accounts, particularly the likes of Starling, already offer decent exchange rates when converting payments made to you from overseas.
  • Limited choice. There aren’t that many multi-currency business accounts available to small and medium-sized businesses.

Bottom line

If your business is consistently making overseas transactions, a multi-currency business account can be a good idea. In the long run, this can save you a great deal of money in foreign exchange fees.

To get the best value from a multi-currency business account, make sure you find an account that can meet your needs, while charging as little as possible in extra account maintenance fees. Currently it’s difficult to find a multi-currency business account that doesn’t charge any maintenance or transaction fees, so keep this in mind when shopping around.

The more overseas business your company does, the more benefit you’re likely to get from using a multi-currency business account.

Banking scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

To find out more, read our full methodology.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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