Multi-Currency Accounts

Send and receive money globally

Moving money internationally is not easy. Multi-currency business accounts give you a single IBAN that can send, receive and hold funds in 46 currencies without unnecessary conversions or hidden fees.

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Multi currency accounts

How businesses use Multi-Currency Accounts

Our multi-currency business accounts help businesses streamline international payments and stay in control of their finances.

International
expansion

Launch in new markets without the hassle. Accept global currencies from one central business account and do business abroad.

Accounts payable
and receivable

Pay and receive money in multiple currencies for greater efficiency. No automatic conversion, no surprise fees.

Support
reconciliation

Incoming funds are sorted into dedicated currency balances, so you can view finances centrally and reconcile with ease.

Treasury
management

Manage multi-currency exposure and optimise liquidity across regions with a platform designed for cash flow clarity.

Master multi-currency transactions

Our in-house experts have years of experience helping businesses send money cross-border. Here’s how we streamline that process.

An alternative to cross-border banking

Don’t let these common payment challenges get in the way of scaling. Here’s how we help.

Centralise currency accounts

With IFX, you get one account for your currency exchange, doing away with the uncertainty and burden of multiple banks in different jurisdictions.

Reduce transaction costs

Reduces fees associated with international transfers, foreign currency transactions, and currency exchange.

Protect bottom line

Unpredictable foreign exchange rates and volatility can shrink your margins. With IFX, hold funds in the original currency and exchange when FX rates are favourable.

Speed up expansion

Setting up bank accounts in different countries can take months, delaying expansion. With Multi-Currency Accounts, make international payments from one place.

Streamline operations

Managing multiple accounts requires significant time and resources. Centralise transaction management, reporting and automate payment processes across borders.

UK customer service

Our UK-based support and onboarding team will be on hand to solve problems when they arise, helping you get the most value from our platform.

Key features

  • Currency balances

    Automatic balance creation when receiving supported currencies. Each currency balance is easily viewable and can be converted at a time of your choosing.

  • Virtual IBAN

    All currency balances have the same IBAN allowing you to access international business. Assign new named IBANs to sub-accounts for different entities.

  • Sub accounts

    Businesses can create as many sub accounts as they need to operate different subsidiaries or service clients.

  • Global payment rail access

    Take advantage of access to major international payment rails. Send Swift, SEPA and FPS payments via our platform.

  • User permission controls

    Provide relevant access to team members and establish controls on your account, streamlining internal operations and staying safe.

46 currencies supported

Support inbound and outbound payments in 46 currencies from a single account

GBP AUD JPY HKD NOK AED EUR USD DKK CAD ISK SEK British Pound Sterling (GBP) Australian Dollar (AUD) Japanese Yen (JPY) Hong Kong Dollar (HKD) Norwegian Krone (NOK) United Arab Emirates Dirham (AED) Euro (EUR) United States Dollar (USD) Danish Krone (DKK) Canadian Dollar (CAD) Icelandic Króna (ISK) Swedish Krona (SEK)
Swedish Krona (SEK) British Pound Sterling (GBP) Australian Dollar (AUD) Japanese Yen (JPY) Hong Kong Dollar (HKD) Norwegian Krone (NOK) United Arab Emirates Dirham (AED) Euro (EUR) United States Dollar (USD) Danish Krone (DKK) Canadian Dollar (CAD) Icelandic Króna (ISK) Swedish Krona (SEK) British Pound Sterling (GBP) Australian Dollar (AUD) Japanese Yen (JPY) Hong Kong Dollar (HKD) Norwegian Krone (NOK) United Arab Emirates Dirham (AED) Euro (EUR) United States Dollar (USD) Danish Krone (DKK) Canadian Dollar (CAD) Icelandic Króna (ISK)
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Let's talk about your global payment needs

You’ve seen how our Multi-Currency Accounts can support your international operations — now it’s time to see how they could work for your business. Share a few details and our team will be in touch to explore the best way to set you up with accounts that fit your currency flows and operational goals.

FAQs

IFX is an e-money institution providing payment services and foreign exchange solutions for businesses. We offer clients payment accounts that allow them to hold, send, and receive funds in multiple currencies.

While our services may offer similar functionalities to those of a bank, such as multi-currency accounts and international payments, IFX does not provide banking services like cards, current accounts, or loans. As a specialised provider, we focus on delivering flexible international payment solutions, faster service, and competitive rates—helping businesses manage cross-border transactions without the delays and restrictions sometimes associated with traditional providers.

A multi-currency business account lets your company hold, send, and receive money in multiple currencies in one place. It’s ideal if you work with international clients or suppliers because it saves you having to set up and manage multiple international bank accounts. Our solution can also help you mitigate the risk of exchange rate volatility, as you don’t have to convert currencies every time you receive funds.

IFX supports currencies including USD, EUR, JPY, GBP, AUD, CAD, CHF, CNY, HKD, NZD and more.

Multi-currency Payment Processing lets you accept payments in different currencies from customers around the world. Instead of forcing your customers to pay in just one currency (like GBP), they can pay in their local currency, whether that’s USD, EUR, AED, or something else. This helps improve customer experience and control when and how you convert funds back to your home currency.

Whether you choose a bank or a specialist service provider depends on how your business uses international payments. If you only send money abroad occasionally, a traditional bank might do the job. But banks could be restricted to just a few currencies (GBP, USD, EUR), each account will have a separate IBAN, and moving money from one to the other can be time-consuming and incur additional FX charges.

So, if you’re regularly paying overseas suppliers or receiving funds from clients in different countries, a specialist provider (like IFX) usually makes more sense.  You may benefit from greater flexibility, competitive rates, and potentially quicker account setup. Our Multi-Currency Accounts are built for businesses that want control over when and how they convert currencies. You can hold balances in multiple currencies, pay and receive internationally, and avoid unnecessary conversion fees.