7 best multi-currency business bank accounts in 2025
Last update: 3 Nov 2025
Expanding overseas opens new opportunities, but it also exposes your business to currency conversion costs and payment delays that ultimately affect your operations.
That’s where a multi-currency account comes in. Instead of routing every payment through your home currency, you can hold and pay in the currencies you actually use, reducing FX costs, minimising delays, and making cross-border payments feel local.
The real question is: which multi-currency account should you choose? In this article, we’ll break down the best multi-currency business bank accounts available today and what makes each one worth considering.
What is a multi-currency account?
A multi-currency account is a single business account that lets you hold and transact in multiple currencies. Instead of forcing every transaction through your home currency, you can open receiving accounts for USD, EUR, GBP, SGD and more, and hold balances in all of them.
In practice, this means you can get paid in USD into your USD account or EUR into your EUR account. You can then choose to hold that balance, use it to pay suppliers or convert into another currency. By logging in to a single account, you get a full view of your currency balances and transactions in one place.
Why choosing the right multi-currency account matters
The wrong account can quietly eat into your profits. Even a 1% foreign exchange markup on a single invoice can hurt. For example, on a €50,000 invoice, that 1% adds up to around £430 taken from your bottom line. Multiply that across all your international supplier payments over the year and it ends up being thousands of pounds that you could have reinvested in your business.
With cross-border payments forecast to grow from US$194.6 trillion in 2024 to US$320 trillion by 2032, the stakes are rising. Nearly one-fifth of all global e-commerce sales are already cross-border, making efficient international payments more critical every year.
As transaction volumes rise, the account you choose will directly impact margins, cash flow, and trust with global partners.
How to choose the right multi-currency account
These are the key factors to compare when you’re choosing a multi-currency business account:
- Currencies supported: Check whether the provider supports all the currencies you need now and might need in the future. Some providers offer only the major ones (USD, EUR, GBP), while others include minor or emerging market currencies
- Local receiving accounts (IBANs, ACH, etc.): Having local banking details in key markets means faster and more affordable payments for your customers, compared to international banking
- FX rates and fees: Hidden fees add up. For example, in 2024, US SMEs were estimated to have paid US$153 billion in hidden financial charges, a large share tied to international payments and foreign exchange mark-ups.
- Payment networks and local rails: Using local payment rails (like SEPA in Europe, Faster Payments in the UK, ACH in the US) usually means lower fees and faster transfers
- Integrations and tools: Look for things like batch payments, accounting software sync, marketplace integrations or invoicing integrations that save time and reduce errors
- Regulation and security: Is the provider regulated in the jurisdictions you operate in?
Top 7 multi-currency business accounts to use in 2025
The table below shows how the leading multi-currency bank accounts stack up in 2025, making it easier to choose the one for your business:
| Provider | Currency accounts | Local receiving details | FX fees | Account fees | Transfer fees | Notable features |
|---|---|---|---|---|---|---|
| WorldFirst | 20+ | USD, EUR, GBP, AUD, CNH, JPY, SGD | Up to 0.5% | Free | £0.30 for local payments in GBP, EUR or USD; £4 for international payments | Marketplace payouts, World Card |
| Revolut Business | 25+ | IBAN, GBP, USD | 0% within plan, ~0.6% after | From GBP £10–140 | Domestic free in-plan; SWIFT fees apply | Team cards, expense tools |
| Wise | 40+ | Local in 9+ (USD, EUR, GBP, AUD, NZD) | Mid-market + ~0.4% | One-off ~£45 | Local low-cost; USD wire ~US$6 | Batch payments, debit/virtual cards |
| Airwallex | 20+ | USD, EUR, GBP, AUD, HKD, SGD | +0.5% majors, ~1% others | Free | Local free; low-cost SWIFT | Unlimited cards, cashback |
| Payoneer | 30+ | USD, EUR, GBP, CAD, AUD | Up to 3.5% | US$29.95; waived if US$2,000 received in the last 12 months | Receiving free; withdrawals ~2% | Marketplace links, debit card |
| Barclays | 17 | SWIFT only for foreign | Bank FX mark-ups |
Free | International £15–25; card 2.75% | UK banking, negotiable terms |
| OFX | 30+ | USD, GBP, EUR, AUD, CAD | Near mid-market (varies) | Free | US$10 per SWIFT payment (varies) | Forwards, batch payments |
1. WorldFirst Multi-Currency Account
WorldFirst has built its reputation by helping small and medium-sized businesses compete globally without the cost and complexity of traditional banks. Instead of juggling multiple foreign accounts, you manage all your currencies in one place, with transparent pricing and no hidden surprises.
WorldFirst stands out by solving real business problems: collecting from marketplaces, paying overseas suppliers, and managing multiple currencies in one account.
Key features:
- Local receiving accounts: Access local account details in 20+ currencies, including USD, EUR, AUD, CNH, JPY, and SGD, with no setup or maintenance fees. It’s also free to receive payments
- Marketplace and payments integration: Collect payments from 130+ global marketplaces (Amazon, AliExpress) and payment gateways (Stripe, PayPal) with fast withdrawals and multi-currency collections
- FX and risk management tools: FX mark-ups capped at 0.5% on major currencies; advanced tools let you lock in exchange rates up to 24 months ahead to manage volatility
- Bulk payments and card spending: Pay up to 200 recipients in one go
- Multi-currency card: Use the World Card for expenses in 15 major currencies with 0% FX fees and cashback rewards
Best for:
SMEs, e-commerce sellers, import/export businesses, and global service providers
Pricing:
- Account: Free
- Monthly/account fees: None
- Receiving payments: Free for supported local currencies (USD, EUR, GBP, AUD, CNH, SGD, JPY)
- Currency conversion: Up to 0.5% markup on major currencies; 0.8% for CNH supplier payments to 1688.com and TaoWorld
- Transfer fees: Local transfers are £0.30; cross-currency payments above £5,000 are free. It’s free to transfer between World Accounts
- Holding balances: Free to hold 20+ supported currencies
- Open 20+ local currency accounts and get paid like a local
- Pay suppliers, partners and staff worldwide in 100+ currencies
- Collect payments for free from 130+ marketplaces and payment gateways, including Amazon, Etsy, PayPal and Shopify
- Save with competitive exchange rates on currency conversions and transfers
- Lock in exchange rates for up to 24 months for cash flow certainty
2. Revolut Business
Revolut Business is a digital business account built for teams, with a strong multi-currency offering and lots of tools for managing expenses, cards and international transfers.
If you’re comfortable with an app-first experience and want more control over spending, Revolut can be compelling. Still, trade-offs depend on how often and how much you’ll transact internationally.
Key features:
- Local receiving accounts: Access IBANs, routing numbers, and account details for major currencies, with balances across 25+ supported currencies
- Cards & spend control: Issue physical and virtual cards; set team permissions, track spending in app; live notifications and spend controls
- FX & exchange allowances: Free currency conversion up to defined limits per plan (e.g. ~£1,000 Basic, ~£15,000 Grow, ~£60,000 Scale in UK); ~0.6% markup applies beyond those; premium interbank rate only during market hours
- Expense & integrations: Budgeting and approval workflows built in; accounting syncs with popular platforms (varies by plan and region)
Best for:
Tech-savvy small and medium-sized enterprises (SMEs), start-ups and service providers that require robust expense management features.
Pricing:
- Basic: From £10 per month
- Grow: From £30 per month
- Scale: From £90 per month
- Enterprise: Custom pricing
Note: Plan names and allowances may differ by region.
3. Wise Business Account
What makes Wise distinctive is its focus on real exchange rates and full cost transparency, so you always know exactly what you’re paying. Instead of bundling international transfers into complex fee structures, Wise breaks them down into one-time, visible charges that are usually a fraction of what banks or PayPal take.
For many businesses, the appeal lies in speed and reach: clients abroad can pay you using local account details (like a US ACH or EU IBAN), and you can move money out through local rails instead of waiting days for a SWIFT transfer.
Key features:
- Local receiving accounts: Get local account details in 9+ currencies (IBAN, sort code, routing number, etc.), including USD, EUR, GBP, AUD and NZD
- Currencies supported: Hold and convert 40+ currencies in the same account
- Transparent FX fees: Real mid-market rates plus small, variable fees, often around 0.3–0.5% for many major currency pairs
- Pricing: One-time setup/activation fee: £45; no monthly maintenance fees for basic account usage
Best for:
Freelancers, digital businesses, SMEs, and global service providers who need low-cost, transparent international payments.
Pricing:
- Setup fee: £45
- Monthly/account fees: None
- Currency conversion: Mid-market exchange rate + 0.4% fee on average
- Receiving payments: Free for supported local currencies; small fixed fee for some SWIFT wires (e.g. ~US$6.11 for incoming USD wire)
- Transfers: Local transfers are often free; international transfers carry a small transparent fee depending on the payment corridor
4. Airwallex Global Account
Airwallex has built its Global Account around two promises: low-cost international payments and powerful tools for digital-first businesses.
What makes Airwallex distinctive is its mix of payments, cards and integrations. You can issue unlimited physical and virtual Visa cards (with no FX fees when spending from balances you already hold), link them to expense management workflows, and even earn cashback on eligible transactions.
Key features:
- Local receiving accounts: Open local accounts in 20+ currencies, including USD, EUR, GBP, AUD, HKD, and SGD
- Multi-currency holding: Manage balances across 20+ currencies in one account, with conversions at interbank rates +0.5% for major pairs (~1% for others)
- Fast transfers: Send local payments to 120+ countries for free; most SWIFT transfers arrive the same day
- Cards and cashback: Issue unlimited physical and virtual Visa cards with 0% FX fees on spend and up to 1.5% cashback on USD local transactions
Best for:
Digital-first SMEs, e-commerce sellers, and service providers looking for low-cost FX, integrated cards and marketplace connectivity.
Pricing:
- Setup fee: Free
- Monthly/account fees: Tiered pricing starts at £0
- Currency conversion: Interbank rate +0.5% for major pairs; ~1% for others
- Transfers: Local transfers are free; SWIFT transfers are low-cost
- Cards: Free to issue (physical and virtual); no FX fee when spending from balances you already hold
5. Payoneer Business Account
For many, Payoneer is less about having every basis point off FX costs and more about tapping into a global payment network that “just works,” especially for those tied to platforms like Amazon, Fiverr or Upwork.
What makes Payoneer distinctive is its focus on platform integrations and payout flexibility. You can connect it to marketplaces, affiliate networks, and even PayPal for smoother settlements. Once funds arrive, you have three options: hold them in foreign currency, withdraw to a local bank account, or spend directly via a Payoneer Mastercard.
Key features:
- Local receiving accounts: Get account details in USD, EUR, GBP, CAD, AUD and more, making it easier to collect like a local
- Multi-currency holding: Hold balances in 30+ currencies with the option to convert or withdraw when needed
- Global reach: Receive payments from 190+ countries in 70+ currencies, including payouts from major marketplaces and networks
- Marketplace integrations: Direct integration with Amazon, PayPal, Fiverr, Upwork, and other digital platforms
Best for:
Freelancers, digital businesses, and exporters who prioritize global reach and marketplace integrations over ultra-low FX costs.
Pricing:
- Setup fee: Free
- Annual account fee: US$29.95 if incoming payments are below a certain threshold
- Receiving payments: Free in major currencies (USD, EUR, GBP, etc.) from local accounts and platforms
- Currency conversion: Up to 3.5% above the mid-market rate
- Withdrawals: Local bank withdrawals and SWIFT transfers typically incur a ~2% fee for foreign currency withdrawals
- Cards: Payoneer Mastercard available; FX fees apply when spending in non-held currencies
6. Barclays Foreign Currency Account
Barclays offers UK business customers the option to open dedicated foreign currency accounts alongside their main sterling account. Each account is set up in a single currency, meaning you can hold balances in USD, EUR, JPY and others without automatic conversions back to GBP.
Unlike fintechs, Barclays offers onshore banking, relationship management and the ability to negotiate terms for clients with significant volumes.
Key features:
- Currencies supported: Open foreign currency accounts in 17 currencies, including USD, EUR, GBP, SGD, AUD, CAD, JPY, CNH, SEK, NOK, DKK, ZAR, AED, and more
- Separate sub-accounts: Each currency requires its own account under your main Barclays business banking setup
- No monthly account fee: Currency accounts themselves carry no ongoing charges.
- Card spending: Overseas card transactions incur a 2.75% fee
Best for:
UK-based SMEs and mid-size exporters who value the stability and support of a traditional bank.
Pricing:
- Account setup: Free for existing Barclays business customers
- Monthly account fees: None for currency accounts
- International transfers: From £1–25, depending on method
- Currency conversion: Bank FX rates with significant mark-ups (often several percent)
- Card spending: 2.75% surcharge on overseas transactions
7. OFX Global Business Account
OFX combines multi-currency wallets with FX and treasury tools, making it more of a full-service payments platform than just a basic holding account.
Businesses can receive, hold, and pay in multiple currencies without constant conversions, while also accessing features like forward contracts and batch payments for efficiency at scale.
Key features:
- Local receiving accounts: Get local details in USD, GBP, EUR, AUD, and CAD to receive funds without conversion
- Multi-currency holding: Hold balances in 30+ currencies and pay directly from them
- Global reach: Payments to 170+ countries via local rails or SWIFT
- Treasury services: Tailored support for businesses with larger international exposures
Best for:
Mid-sized businesses and corporates requiring advanced FX tools, comprehensive treasury support and extensive global coverage beyond basic wallets.
Pricing:
- Account setup: Free
- Monthly/account fees: Tiered pricing starts at £0
- Receiving payments: Free into supported local accounts
- Currency conversion: Competitive rates near mid-market; markups vary by currency
- Transfers: Free local transfers in USD, GBP, EUR, CAD and AUD
Why WorldFirst is the best multi-currency business bank account in 2025
There are many strong multi-currency business accounts available in 2025, each with unique features. But for SMEs and e-commerce sellers looking for the right mix of trust, global reach and practical tools, WorldFirst stands out.
What sets WorldFirst apart:
- Regulated globally: Licensed in 60+ jurisdictions, WorldFirst safeguards customer funds under strict regulations
- World Card: Spend in 150+ currencies across 210 countries, with zero FX fees on 15 major currencies
- Proven scale: Over a million businesses and over US$300 billion processed
- Growth tools: Marketplace integrations, advanced FX tools like forward contracts and rate alerts, and expense features built to scale with your business
Open a World Account for free today and simplify your global payments from day one.
Sources:
- https://www.revolut.com/business/business-account-plans/
- https://wise.com/gb/pricing/business
- https://www.airwallex.com/uk/pricing
- https://www.payoneer.com/about/pricing/
- https://www.barclays.co.uk/business-banking/accounts/rates-and-charges/
- https://www.ofx.com/en-gb/legal/fee-schedule/
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