{"id":21677,"date":"2025-10-11T02:14:56","date_gmt":"2025-10-11T02:14:56","guid":{"rendered":"https:\/\/finderica.com\/?p=21677"},"modified":"2025-10-11T02:14:56","modified_gmt":"2025-10-11T02:14:56","slug":"does-your-business-need-a-multicurrency-account-how-wise-airwallex-work","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=21677","title":{"rendered":"Does Your Business Need a Multicurrency Account? How Wise, Airwallex Work"},"content":{"rendered":"<div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A multicurrency account can hold, send and receive all the currencies you do business in. These accounts often charge lower fees than third-party currency conversion services. That can be convenient for international sellers or freelancers with clients overseas \u2014 not to mention good for your bottom line. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Use this guide to decide if your business needs a <\/span><span class=\"_28z5Fp _3-to_p\">multicurrency account<\/span><span class=\"_28z5Fp _3-to_p\"> and which one might be a good choice.<\/span><\/p>\n<\/div>\n<div data-currency=\"Columns\" class=\"_1LKquO _3L_xX_ _2DPHJa _1GWeNp _2XlutV _2ctG-Y _1sDoBL _2TtTbq _3UifXY\">\n<div data-currency=\"Column\" class=\"Od0BSM _9jyWdf _1r_py0 _33JiRF _2F9T-X _1xbdug _2Ru-tk _1M3A6J\" style=\"grid-column-start:\">\n<h4 class=\"_3P4ktl _2LuWPZ _28z5Fp N36gAq\" data-currency=\"Text\"><span class=\"_3P4ktl _2LuWPZ _28z5Fp _3-to_p\">\ud83d\udcbb How I wrote this article<\/span><\/h4>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">To learn more about how multicurrency business accounts work and why they\u2019re useful, I interviewed: <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A Germany-based entrepreneur who works in multiple currencies.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A member of the Wise Business product team.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">As a small-business writer at SS, I\u2019ve spent the last four years covering bank accounts, e-commerce software and more.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">What is a multicurrency business account?<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A multicurrency account lets your business receive and spend funds in multiple currencies. That way, you avoid always having to convert money to your home currency to use it.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">In other words: Imagine your wallet after traveling through several countries. At the beginning of your trip, you might have bills in all the currencies you&#8217;ll need. Afterward, you&#8217;ll probably have leftover bills and coins from each place you went. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">If you want to convert that money back to your home currency, you have to visit a currency exchange (and pay a pretty steep fee) to swap that cash for your home currency. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A multicurrency account provides both the wallet and the exchange service. It lets you hold and spend multiple currencies, or seamlessly swap them for one another.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Are multicurrency accounts the same as bank accounts?<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Not exactly. Many popular multicurrency accounts for U.S. businesses \u2014 like Wise and Airwallex \u2014 come from money transmitters. These services are are still licensed and regulated, but not the same way as <\/span><span class=\"_28z5Fp _3-to_p\">business bank accounts<\/span><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Most notably, bank accounts insured by the Federal Deposit Insurance Corp. protect your holdings. If that bank failed, the government would make you whole (up to $250,000 per depositor, per institution, per ownership type). That may not be the case if a money transmitter goes out of business. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">These companies do safeguard your funds. Wise, for instance, says it keeps customer funds separate from company funds. But it also notes that you may not get all your money back if Wise were to become insolvent.<\/span><button type=\"button\" aria-expanded=\"false\" aria-controls=\"nw-aria-ssr-4-6-1\" aria-haspopup=\"dialog\" data-currency=\"PopoverDisclosure\" class=\"Ay_QNo\"><span class=\"_32SMwQ\" aria-hidden=\"true\"><\/span><span class=\"_21EZtY _28z5Fp _2JIHTU vLzrnO\" data-currency=\"Link\" target=\"_self\"><sup>[0]<\/sup><\/span><\/button><span id=\"nw-aria-ssr-4-6-1\" hidden=\"\" style=\"display:none;position:fixed;left:100%;top:100%\" role=\"dialog\" tabindex=\"0\" data-dialog=\"true\" class=\"_3NQ2Lf\"><span style=\"font-size:30px;width:1em;height:1em;pointer-events:none;bottom:100%\" class=\"qytd5D _3c_2vo\" aria-hidden=\"true\"><\/span><\/span><span class=\"_28z5Fp _3-to_p\">   <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Some FDIC-insured banks have multicurrency accounts (like those listed <\/span><a class=\"_28z5Fp _2JIHTU vLzrnO _3mJuQ4\" href=\"#banks\" data-currency=\"Link\" rel=\"nofollow noopener noreferrer\" target=\"_self\"><span class=\"_28z5Fp _3-to_p\">here<\/span><\/a><span class=\"_28z5Fp _3-to_p\">). These may only be available to large organizations, though. Also, funds you don&#8217;t keep in USD aren&#8217;t covered by FDIC insurance. <\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">How do multicurrency business accounts work?<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">In general, multicurrency accounts include a sub-account for each currency you hold. But those sub-accounts act like separate entities. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">For instance, a sub-account would have its own International Bank Account Number (IBAN) or other account number local to a country. That way, businesses can pay you in their local currency via ACH or wire transfer. And you can do the same. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">When you have one currency on hand but need another, you can make the conversion within your account and transfer money from one sub-account to another. You pay a fee to do this. But it\u2019s typically less expensive than third-party services.  <\/span><\/p>\n<\/div>\n<h3 class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _28CJ7N _1My7YX\" data-currency=\"Text\"><span class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _3-to_p\">How currency conversion works <\/span><\/h3>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Converting currency via a bank is a multi-step process. Here\u2019s what typically happens at a high level:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ol data-currency=\"List\" class=\"_12QZXE\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">The value is determined.<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> Currencies have &#8220;buy&#8221; and &#8220;sell&#8221; rates. These specify how much you&#8217;ll get when the provider buys your money (e.g., 1.17 USD per EUR), and how much the provider can sell it for (e.g., 1.25 USD per EUR). <\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Banks may add other fees.<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> An institution can profit via the spread between buy and sell rates. On top of that, it may still charge service, foreign transaction or other fees that decrease the value of your money.  <\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">You initiate the transfer.<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> After you know how much you&#8217;ll get for your exchange, you can start this process. You may do this via your bank&#8217;s online dashboard or visiting a branch in person, for instance.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Your bank may send your money elsewhere.<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> Not every bank has the ability to convert money into a different currency, so it might have to send your funds to one that does.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Your money heads across borders.<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> The bank will do this using the Swift network, a messaging service that helps facilitate these transactions.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Your international supplier or client\u2019s bank receives it.<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> It shows up in their account in the local currency.<\/span><\/p>\n<\/div>\n<\/li>\n<\/ol>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Prior to the digital age, these steps could take days to complete. Today, Wise says currency conversions within your account happen instantly.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Pros and cons of multicurrency business accounts<\/span><\/h2>\n<div class=\"_2Z6AOh\">\n<div data-currency=\"Columns\" class=\"_2DPHJa _1vqyhK _3UifXY\">\n<div data-currency=\"Column\" class=\"_2Ru-tk qVG6Ts\"><span class=\"_3USgKK zeCuXk _28z5Fp\">Pros<\/span><\/p>\n<hr data-currency=\"Divider\" class=\"_2_3eV4 ebRntp yGqNIm _37o71H _3KhCHI _3wlVa6 _2247K8 _2GGVBi\">\n<div class=\"PIqV0k wnPEbn rAZD5f\">\n<div class=\"PIqV0k _2TtTbq\"><svg viewbox=\"0 0 512 512\" aria-hidden=\"true\" class=\"_2UOB8-\" fill=\"currentcolor\" focusable=\"false\" width=\"22\" height=\"22\"><path d=\"M192 345l226-226 30 30-256 256L73 286l30-30z\"><\/path><\/svg><\/p>\n<p class=\"_28z5Fp\">Hold and convert currencies within one account.<\/p>\n<\/div>\n<div class=\"PIqV0k _2TtTbq\"><svg viewbox=\"0 0 512 512\" aria-hidden=\"true\" class=\"_2UOB8-\" fill=\"currentcolor\" focusable=\"false\" width=\"22\" height=\"22\"><path d=\"M192 345l226-226 30 30-256 256L73 286l30-30z\"><\/path><\/svg><\/p>\n<p class=\"_28z5Fp\">Ability to send and receive payments internationally.\u00a0<\/p>\n<\/div>\n<div class=\"PIqV0k _2TtTbq\"><svg viewbox=\"0 0 512 512\" aria-hidden=\"true\" class=\"_2UOB8-\" fill=\"currentcolor\" focusable=\"false\" width=\"22\" height=\"22\"><path d=\"M192 345l226-226 30 30-256 256L73 286l30-30z\"><\/path><\/svg><\/p>\n<p class=\"_28z5Fp\">Competitive conversion rates compared to exchange services.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div data-currency=\"Column\" class=\"_2Ru-tk qVG6Ts\"><span class=\"_3USgKK zeCuXk _28z5Fp\">Cons<\/span><\/p>\n<hr data-currency=\"Divider\" class=\"_2_3eV4 ebRntp yGqNIm _37o71H _3KhCHI _3wlVa6 _2247K8 _2uCHfs\">\n<div class=\"PIqV0k wnPEbn rAZD5f\">\n<div class=\"PIqV0k _2TtTbq\"><svg viewbox=\"0 0 16 16\" aria-hidden=\"true\" class=\"_1tnXI-\" fill=\"currentcolor\" focusable=\"false\" width=\"26\" height=\"26\"><path d=\"M4.14 11.184a.48.48 0 00.68.678l3.179-3.18 3.202 3.203a.48.48 0 00.68-.679L8.677 8.004l3.184-3.185a.48.48 0 10-.678-.678L7.998 7.325 4.836 4.162a.48.48 0 10-.68.678L7.32 8.004l-3.18 3.18z\"><\/path><\/svg><\/p>\n<p class=\"_28z5Fp\">Most small-business multicurrency accounts are provided by transfer services, not banks. You may need to do some banking tasks separately.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Does your business need a multicurrency account?<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Conversion fees can start to add up if a significant portion of your revenue and expenses are in other currencies. Consider a multicurrency account if you frequently:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Sell products to customers in other countries.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Have contracts with clients in other countries.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Buy from international suppliers.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Pay employees or contractors abroad.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">If you sell products through a marketplace like Amazon or use an e-commerce store builder like Shopify, the built-in <\/span><span class=\"_28z5Fp _3-to_p\">payment processor<\/span><span class=\"_28z5Fp _3-to_p\"> probably includes currency conversion services. It isn\u2019t strictly necessary to set up a multicurrency account on top of that. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">But again, those conversions will cost you. Stripe, for instance, charges an additional 1% for cross-border transfers. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">If you\u2019re frequently making sales in other currencies, it may be worth switching your store to a multi-currency plan \u2014 <\/span><span class=\"_28z5Fp _3-to_p\">Shopify<\/span><span class=\"_28z5Fp _3-to_p\"> offers one \u2014 and sending payouts to a multicurrency account. That way, you\u2019re in control of when you convert money, and the fees may be lower overall.  <\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">How much does currency conversion cost?<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Banks and exchanges charge a fee to convert your currency. That cost can vary widely depending on the type and volume of currency you\u2019re working with. It also might change daily as currencies gain and lose value.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">As of Oct. 8, 2025, the Federal Reserve Bank of St. Louis says the EUR-USD buy rate is 1.1747. <\/span><button type=\"button\" aria-expanded=\"false\" aria-controls=\"nw-aria-ssr-4-19-1\" aria-haspopup=\"dialog\" data-currency=\"PopoverDisclosure\" class=\"Ay_QNo\"><span class=\"_32SMwQ\" aria-hidden=\"true\"><\/span><span class=\"_21EZtY _28z5Fp _2JIHTU vLzrnO\" data-currency=\"Link\" target=\"_self\"><sup>[0]<\/sup><\/span><\/button><span id=\"nw-aria-ssr-4-19-1\" hidden=\"\" style=\"display:none;position:fixed;left:100%;top:100%\" role=\"dialog\" tabindex=\"0\" data-dialog=\"true\" class=\"_3NQ2Lf\"><span style=\"font-size:30px;width:1em;height:1em;pointer-events:none;bottom:100%\" class=\"qytd5D _3c_2vo\" aria-hidden=\"true\"><\/span><\/span><span class=\"_28z5Fp _3-to_p\"> That means you can exchange one Euro for about $1.17, or 1,000 Euros for $1,175. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Online multicurrency exchange providers tend to charge the mid-market rate, which is halfway between the market&#8217;s buy and sell rate. Here\u2019s what leading exchange services offered for 1,000 EUR, rounded to the nearest dollar, on Oct. 8:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">*Note: Payoneer doesn\u2019t have an online calculator for its payouts. I based this estimate by subtracting Payoneer&#8217;s 0.5% fee from\u00a0the mid-market exchange rate.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div>\n<div class=\"_3LOQui PIqV0k wnPEbn BgIPML _1WkR_n paYFr8 _1SNXHI _1voSX6 _3xUsF1 oE4ByK _119vwC knwpyt aylhii\">\n<p><span class=\"_3P4ktl zeCuXk _28z5Fp _1My7YX\" data-currency=\"Text\">\ud83e\udd13<\/span><span class=\"_3P4ktl _2LuWPZ _28z5Fp N36gAq\" data-currency=\"Text\">Nerdy Tip<\/span><\/p>\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">If you travel for business, avoid exchanging currency at the airport. In general, SS\u2019s travel team found that airport exchanges (typically the most expensive option) charge up to 17% more than the International Monetary Fund exchange rate. Get a <\/span><span class=\"_28z5Fp _3-to_p\">business credit card with no foreign transaction fees<\/span><span class=\"_28z5Fp _3-to_p\"> instead. If you need cash, get it from your bank before you go.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Multicurrency accounts: How to choose, best options for businesses<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The right multicurrency account for you depends on your business\u2019s needs. Ask the following questions as you do your research:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Do you prefer a bank or a fintech company? <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Many popular conversion services are money transmitters, not banks. Transmitters may have sleeker online platforms. But when there\u2019s a hiccup \u2014\u00a0like your funds getting stuck in transit \u2014\u00a0bank customer service may be easier to get a hold of (especially if you can walk into a nearby branch). <\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">What currencies do you deal with? <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Not every service lets you receive or pay out funds in every currency. For instance, Payoneer doesn\u2019t support payouts in Canadian or Australian dollars. Make sure you look at a list of supported currencies before making a decision.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">How often do you move money and how much? <\/span><\/span><span class=\"_28z5Fp _3-to_p\">This could affect how much you spend. Some services, like Revolut Business, charge higher fees if you go over your monthly transaction limit. Others offer batch discounts.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Next, compare the following options.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A handful of U.S. banks offer multicurrency accounts to small businesses. These include:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Bank of America, Citi and J.P. Morgan also have multicurrency accounts, but they mainly serve large corporate customers.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">In general, choosing a traditional <\/span><span class=\"_28z5Fp _3-to_p\">business bank<\/span><span class=\"_28z5Fp _3-to_p\"> means you can do all your banking in one place \u2014 your international transactions along with borrowing and opening a credit card. But they may have other limitations. For instance, TD Bank&#8217;s account only handles seven currencies other than USD. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div class=\"_3LOQui BgIPML paYFr8 _1voSX6 oE4ByK\">\n<div class=\"_2vcpA4 PIqV0k _2sEFVU _2TtTbq\"><svg viewbox=\"0 0 56 56\" aria-hidden=\"true\" class=\"\" fill=\"currentcolor\" focusable=\"false\" width=\"30\" height=\"30\"><path d=\"M50.23 37.66h-.14v-6.61a.75.75 0 10-1.5 0v6.61h-8.37V32.8a2.75 2.75 0 00-2.75-2.75h-19a2.75 2.75 0 00-2.75 2.75v4.86H7.83v-26a.25.25 0 01.25-.25h40.26a.25.25 0 01.25.25V24.5a.75.75 0 001.5 0V11.63a1.75 1.75 0 00-1.75-1.75H8.08a1.76 1.76 0 00-1.75 1.75v26H5.7A1.94 1.94 0 004 39.78V44a1.94 1.94 0 001.7 2.12L50.24 46a1.6 1.6 0 001.13-.49 2.23 2.23 0 00.63-1.59v-4.14a1.94 1.94 0 00-1.77-2.12zm-33-4.86a1.26 1.26 0 011.25-1.25h19a1.26 1.26 0 011.25 1.25v4.86H17.22zm33 11.7l-44.53.12c-.06 0-.25-.22-.25-.62v-4.22c0-.41.2-.62.25-.62h44.53c.05 0 .25.21.25.62v4.15a.63.63 0 01-.24.57z M21.93 22.27a5.95 5.95 0 105.95-5.95 6 6 0 00-5.95 5.95zm10.4 0a4.45 4.45 0 11-4.45-4.45 4.46 4.46 0 014.45 4.45z\"><\/path><\/svg><\/p>\n<h3 class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _1My7YX\" data-currency=\"Text\">Wise for Business: Best for no monthly fee, low ongoing fees<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Wise Business builds on Wise\u2019s brand as a personal international money transfer service. Business owners can use their Wise account to store funds in multiple currencies. You can take and send payments, earn interest and use debit cards \u2014 in USD or whatever currency your business operates in. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Wise is a licensed money transmitter. Transmissions are carried out by Community Federal Savings Bank, Wise\u2019s partner. The Multi-Currency Card is issued by sponsor banks Lead Bank and Community Federal Savings Bank. Interest-earning accounts are held on deposit at JPMorgan Chase.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Users can receive 25 supported currencies (some restrictions apply) and store and convert funds in 40+ currencies.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Wise Card that you can use to spend in multiple currencies and track expenses across your team.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Batch payments of up to 1,000 invoices in one transfer. Recipients can be paid in their local currency.<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Fees: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Wise charges the mid-market exchange rate for currency conversions. The mid-market rate is the median between the buy and sell rate for two different currencies. You\u2019ll also have to pay a flat fee to receive wire and Swift transfers.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Wise does not have subscriptions or pricing tiers. Creating an account is free. Accounts aren\u2019t available in Nevada. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div class=\"_3LOQui BgIPML paYFr8 _1voSX6 oE4ByK\">\n<div class=\"_2vcpA4 PIqV0k _2sEFVU _2TtTbq\"><svg viewbox=\"0 0 56 56\" aria-hidden=\"true\" class=\"\" fill=\"currentcolor\" focusable=\"false\" width=\"30\" height=\"30\"><path d=\"M50.23 37.66h-.14v-6.61a.75.75 0 10-1.5 0v6.61h-8.37V32.8a2.75 2.75 0 00-2.75-2.75h-19a2.75 2.75 0 00-2.75 2.75v4.86H7.83v-26a.25.25 0 01.25-.25h40.26a.25.25 0 01.25.25V24.5a.75.75 0 001.5 0V11.63a1.75 1.75 0 00-1.75-1.75H8.08a1.76 1.76 0 00-1.75 1.75v26H5.7A1.94 1.94 0 004 39.78V44a1.94 1.94 0 001.7 2.12L50.24 46a1.6 1.6 0 001.13-.49 2.23 2.23 0 00.63-1.59v-4.14a1.94 1.94 0 00-1.77-2.12zm-33-4.86a1.26 1.26 0 011.25-1.25h19a1.26 1.26 0 011.25 1.25v4.86H17.22zm33 11.7l-44.53.12c-.06 0-.25-.22-.25-.62v-4.22c0-.41.2-.62.25-.62h44.53c.05 0 .25.21.25.62v4.15a.63.63 0 01-.24.57z M21.93 22.27a5.95 5.95 0 105.95-5.95 6 6 0 00-5.95 5.95zm10.4 0a4.45 4.45 0 11-4.45-4.45 4.46 4.46 0 014.45 4.45z\"><\/path><\/svg><\/p>\n<h3 class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _1My7YX\" data-currency=\"Text\">Airwallex: Best for corporate cards, team spending<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Airwallex\u2019s global account lets you create sub-accounts in 17 countries (though some restrictions apply). That lets you spend and receive as if you have a local account in that country \u2014 becuase you technically do. Like Wise, Airwallex charges the interbank or mid-market rate for currency conversion.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Beyond that, Airwallex stands out for its corporate card program. Users can get 1.5% cash back on corporate card spending. You can issue cards to team members so they can make purchases (and earn rewards), too. You\u2019ll only earn rewards in months where you spend at least $2,000 on eligible transactions in USD, though.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Right now, the cash-back rewards program is scheduled to end on Dec. 31, 2025. Card issuers often extend promotions, though. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Airwallex partners with Evolve Bank &amp; Trust, member FDIC, for some payment and banking services in the U.S. Other businesses receive payment services directly from Airwallex. The corporate card is issued by Community Federal Savings Bank, member FDIC, pursuant to a license from Visa.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Receive funds in more than 20 currencies.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Software tools to track purchase orders, set up spend controls and approval workflows and pay your vendors in more than 200 countries.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Batch transfers to up to 1,000 recipients at once, in multiple currencies.<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Fees: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Airwallex converts currencies at the interbank rate, which is the same as the mid-market rate Wise uses. It\u2019s the midpoint between the buy and sell rate.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Airwallex\u2019s free plan includes a number of features, including unlimited corporate cards and syncing with Xero and QuickBooks. You can upgrade to a $99-per-month plan for more advanced expense controls and HRIS platform integrations. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div class=\"_3LOQui BgIPML paYFr8 _1voSX6 oE4ByK\">\n<div class=\"_2vcpA4 PIqV0k _2sEFVU _2TtTbq\"><svg viewbox=\"0 0 56 56\" aria-hidden=\"true\" class=\"\" fill=\"currentcolor\" focusable=\"false\" width=\"30\" height=\"30\"><path d=\"M50.23 37.66h-.14v-6.61a.75.75 0 10-1.5 0v6.61h-8.37V32.8a2.75 2.75 0 00-2.75-2.75h-19a2.75 2.75 0 00-2.75 2.75v4.86H7.83v-26a.25.25 0 01.25-.25h40.26a.25.25 0 01.25.25V24.5a.75.75 0 001.5 0V11.63a1.75 1.75 0 00-1.75-1.75H8.08a1.76 1.76 0 00-1.75 1.75v26H5.7A1.94 1.94 0 004 39.78V44a1.94 1.94 0 001.7 2.12L50.24 46a1.6 1.6 0 001.13-.49 2.23 2.23 0 00.63-1.59v-4.14a1.94 1.94 0 00-1.77-2.12zm-33-4.86a1.26 1.26 0 011.25-1.25h19a1.26 1.26 0 011.25 1.25v4.86H17.22zm33 11.7l-44.53.12c-.06 0-.25-.22-.25-.62v-4.22c0-.41.2-.62.25-.62h44.53c.05 0 .25.21.25.62v4.15a.63.63 0 01-.24.57z M21.93 22.27a5.95 5.95 0 105.95-5.95 6 6 0 00-5.95 5.95zm10.4 0a4.45 4.45 0 11-4.45-4.45 4.46 4.46 0 014.45 4.45z\"><\/path><\/svg><\/p>\n<h3 class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _1My7YX\" data-currency=\"Text\">Payoneer: Best for digital nomads<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Payoneer is the most low-fi tool on this list \u2014 but that might make it the best fit for freelancers and digital nomads. It\u2019s a good option if you don\u2019t want to learn a complex expense management platform or do currency arbitrage. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Payoneer still does a lot. You can invoice customers, accept credit card payments on your website, take payments from marketplaces like eBay and make batch payments to up to 200 suppliers at once. It doesn\u2019t include a card, though. To get money out of Payoneer, you have to transfer it to your local bank.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Like Wise, Payoneer is a licensed money transmitter in the U.S. It doesn\u2019t offer any bank-like products, like savings accounts or debit cards, so it doesn\u2019t have an FDIC-insured banking partner.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">More than 40 transaction currencies, but payouts are only supported in five currencies (USD, EUR, GBP, JPY and CNH). Some additional currencies may be available for tax payment purposes.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Platforms like Shopify, Upwork, Airbnb and Fiverr can pay directly into Payoneer accounts. Fees vary depending on the marketplace.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Payoneer card that you can use globally at ATMs and merchants. Currency conversion and FTX fees apply.<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Fees: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Payoneer charges the real-time exchange rate plus a 0.5% fee for currency conversion. There are no monthly fees.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div class=\"_3LOQui BgIPML paYFr8 _1voSX6 oE4ByK\">\n<div class=\"_2vcpA4 PIqV0k _2sEFVU _2TtTbq\"><svg viewbox=\"0 0 56 56\" aria-hidden=\"true\" class=\"\" fill=\"currentcolor\" focusable=\"false\" width=\"30\" height=\"30\"><path d=\"M50.23 37.66h-.14v-6.61a.75.75 0 10-1.5 0v6.61h-8.37V32.8a2.75 2.75 0 00-2.75-2.75h-19a2.75 2.75 0 00-2.75 2.75v4.86H7.83v-26a.25.25 0 01.25-.25h40.26a.25.25 0 01.25.25V24.5a.75.75 0 001.5 0V11.63a1.75 1.75 0 00-1.75-1.75H8.08a1.76 1.76 0 00-1.75 1.75v26H5.7A1.94 1.94 0 004 39.78V44a1.94 1.94 0 001.7 2.12L50.24 46a1.6 1.6 0 001.13-.49 2.23 2.23 0 00.63-1.59v-4.14a1.94 1.94 0 00-1.77-2.12zm-33-4.86a1.26 1.26 0 011.25-1.25h19a1.26 1.26 0 011.25 1.25v4.86H17.22zm33 11.7l-44.53.12c-.06 0-.25-.22-.25-.62v-4.22c0-.41.2-.62.25-.62h44.53c.05 0 .25.21.25.62v4.15a.63.63 0 01-.24.57z M21.93 22.27a5.95 5.95 0 105.95-5.95 6 6 0 00-5.95 5.95zm10.4 0a4.45 4.45 0 11-4.45-4.45 4.46 4.46 0 014.45 4.45z\"><\/path><\/svg><\/p>\n<h3 class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _1My7YX\" data-currency=\"Text\">Revolut: Best for expense management tools<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Revolut Business is best suited to companies with several employees who need to access a multicurrency account. It syncs with accounting and HR software and supports teamwide expense management needs, like collecting receipts. For some businesses, Revolut\u2019s tools may rival those built into a <\/span><span class=\"_28z5Fp _3-to_p\">corporate credit card<\/span><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Another reason Revolut is likely best for larger businesses: It\u2019s the most expensive option on our list. Plans start at $10 per month, and many users will get more value out of more expensive plans due to their higher transaction limits.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Unlike Wise, Revolut is licensed as a bank in certain jurisdictions, including the European Economic Area. In the U.S., banking services and cards are provided by Lead Bank, member FDIC. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Prepaid business card (issued by Lead Bank) that you and your team can use to spend the funds in your account.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Expense management tools, including receipt matching, expense categorization and syncing with QuickBooks and Xero. You can also integrate Revolut with your HR platform.<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Fees: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Revolut\u2019s plans start at $10 per month. On that plan, you can do currency conversions of up to $1,000 per month with no markup. Revolut charges a 0.6% markup after that. Revolut also sets its own exchange rates.<\/span><\/p>\n<\/div>\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">For many users, the $40-per-month plan is probably a better deal. You can exchange up to $20,000 per month before the markup kicks in and make 100 monthly local transfers (up from five on the cheapest plan). You can also make bulk transfers.<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.nerdwallet.com\/article\/small-business\/multicurrency-accounts\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A multicurrency account can hold, send and receive all the currencies you do business in. These accounts often charge lower fees than third-party currency conversion services. That can be convenient for international sellers or freelancers with clients overseas \u2014 not to mention good for your bottom line. Use this guide to decide if your business<\/p>\n","protected":false},"author":1,"featured_media":7649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[195],"tags":[328,8489,183,5423,882,360],"class_list":{"0":"post-21677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-account","9":"tag-airwallex","10":"tag-business","11":"tag-multicurrency","12":"tag-wise","13":"tag-work"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21677"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/7649"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}