Check out this handy guide to achieve better visibility and control over cash flows

Glossary

Navigate the complex world of currency management with our comprehensive dictionary of financial terms and definitions.

Multi-Currency Accounts

Multi-currency accounts are bank accounts that allow holders to send and receive payments in multiple currencies. In practice, they mimic a structure featuring multiple bank accounts, but with a single account number. Multiple currency accounts empower businesses to make and receive payments in local and foreign currencies without needing to convert as a result of each transaction. Multiple currency accounts are particularly useful for e-commerce firms running stores in different currencies, and, more generally, for firms with international operations.