10 best multi-currency accounts in UK [2025 list]

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10 best multi-currency accounts in UK [2025 list]

Last update:

November 18, 2025

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In 2025, UK businesses are operating in one of the most globally connected markets ever. However, traditional banks still rely on outdated systems that make cross-border payments slow, unclear, and costly. A multi-currency account gives businesses a modern alternative. It allows them to receive, hold, convert and send funds in multiple currencies through a single, centralised account.

With trade expanding across the UK, Europe and Asia, finding the right multi-currency solution has become a key part of long-term business strategy.

The following article outlines the leading multi-currency accounts in the UK in 2025, highlighting their supported currencies, payment speeds, fee structures, integrations and regulatory safeguards.

What is a multi-currency account and who needs one?

A multi-currency account allows businesses to operate across borders without opening separate bank accounts in every country. It lets you receive, hold, convert and send money in multiple currencies from one central account, often with local account details.

Who can benefit from a multi-currency account:

Importers and exporters: Can pay and receive in foreign currencies directly, avoiding unnecessary conversions and thereby protecting profit margins
E-commerce sellers and marketplace merchants: Can collect international revenue from platforms like Amazon, Shopify or Etsy and make payments without losing money to conversion fees
Service providers and freelancers: Can invoice global clients in their preferred currency, hold funds until the rate is right and reduce the cost of cross-border transfers
Companies with international teams or vendors: Can manage payroll, expenses and remittances in local currencies, improving cash-flow control and payment speed across markets

How to choose the right multi-currency account

These are the key factors to compare when choosing a multi-currency business account in the UK:

Supported currencies and collection accounts: Check that your key trading currencies, such as USD, EUR, CNH and AUD, are supported.
FX rates and conversion fees: Choose providers that publish clear, low markups on the mid-market rate. Even slight differences in exchange margins can affect your bottom line. Avoid those that hide costs within inflated FX margins.
Payment speed and transfer networks: Look for access to both local and global payment rails. Networks such as SEPA, ACH and Faster Payments are faster and cheaper than traditional SWIFT transfers, helping you move money efficiently between markets.
Platform integrations: If you rely on accounting or e-commerce tools, ensure they’re compatible with systems such as Xero, QuickBooks or NetSuite.
Safety, licensing and safeguarding: The provider should operate under regulation by the Financial Conduct Authority (FCA). While e-money institutions don’t offer FSCS protection, they must safeguard client funds in segregated accounts.
Fees beyond FX: Review all charges, not just exchange rates. Look for details on monthly fees, withdrawal costs and any currency-use limits to get a complete picture of your total costs.

Top 10 multi-currency business accounts in the UK to use in 2025

The table below compares the best multi-currency accounts available to UK companies in 2025, helping you identify which one best suits your trading volume, supported currencies and international payment needs:

Provider	Best for	Currencies you can hold	Currencies you can pay	Intl. transfer fees	FX markup / rate policy	Notable digital tools
WorldFirst	Scaling e-commerce sellers, importers and exporters needing local rails	20+ currencies	100+ currencies to 200+ countries	Transparent fees shown up front	Exchange rates capped at 0.50%	Integrations with Amazon, Shopify, Xero, NetSuite; forward contracts; World Card with cashback
Wise Business	Freelancers and SMEs prioritising transparency and low-cost global transfers	40+ currencies	160+ countries	Transparent per-transfer fee shown upfront	Real mid-market rate; conversion fees from 0.33%	Batch payments, Xero/QuickBooks integration, open API, debit cards
Revolut Business	Small teams and digital agencies combining spend and FX	25+ currencies	150+ countries	Free within plan limit; 0.4–0.6% after limit; +1% weekends	Interbank rate within plan limits	Expense management, API automation, multi-user access, accounting integrations
Airwallex	Tech-driven SMEs and global e-commerce brands	60+ currencies	130+ currencies	Low, transparent transfer fees	Mid-market rate with 0.2–0.6% margin	Shopify, WooCommerce and Xero integrations; API for payments and automation
Payoneer	Freelancers and online sellers on global marketplaces	10+ major currencies	150+ countries	Free for Payoneer-to-Payoneer; small withdrawal fees	FX margin 0.5–2% above mid-market	Marketplace integrations (Amazon, eBay, Fiverr, Upwork), invoicing tools
Starling Bank	UK SMEs wanting a bank account with optional FX add-ons	Not disclosed	Not disclosed	SWIFT payments £5.50 + 0.4% FX fee	Real rate + 0.4% conversion fee	App-based banking, FSCS protection, instant GBP/EUR/USD transfers
Barclays Business	Firms already banking with Barclays and needing currency accounts	Not disclosed	90+ countries	£4–£12 depending on route	Bank FX margin varies	Online banking, same-day settlement in major currencies
Ebury	Importers and exporters seeking FX strategy and hedging	35+ currencies	130+ currencies	Transparent, volume-based pricing	Competitive FX spreads; personalised rates	Forward contracts, rate alerts, dedicated manager, trade finance
Moneycorp	Businesses trading in multiple or niche currencies	130+ currencies	120+ currencies	Competitive pricing by volume	Market-based margin; negotiable on volume	Online trading platform, hedging tools, FX dealers
HSBC Global Wallet	Established firms wanting integrated banking and trade finance	Not disclosed	Not disclosed	Flat £5 transaction fee	FX Prompt shows live mid-market and margin	HSBCnet tools, treasury and trade finance integration

1. WorldFirst World Account

The World Account stands out as a dedicated platform for cross-border businesses. You can hold, receive and send funds in over 20 currencies, including GBP, EUR, USD, CNH and AUD. Local receiving account details in major markets allow you to get paid like a local in each region.

Same-day transfers are available when funds arrive before cut-off times, with routing over local rails where available. FX margins are capped at 0.5% for major pairs. The World Account also integrates with marketplaces and e-commerce stores such as Amazon and Shopify, as well as accounting platforms like Xero and NetSuite.

Key advantages:

Hold, receive and send 20+ currencies
Local accounts in major regions (UK, EU, US, Australia, China)
Transparent FX rates with capped margins
Same-day transfers using local payment rails
Integrated with 130+ marketplaces and accounting platforms
Advanced FX tools: forward contracts, firm orders
World Card with zero FX fees and unlimited cashback on eligible spend

Drawbacks:

No overdrafts, lending or cheque/cash services

Ideal for:

UK importers, exporters and e-commerce businesses that want a single platform to manage global payments, currencies and FX.

Experience easy, fast international payments. Open a World Account for free today.

Power your global growth with one account

Get local currency accounts, fast payments and competitive FX – all in one place.

2. Wise Business

Wise Business (formerly TransferWise) allows you to hold and exchange more than 40 currencies at the real mid-market rate, with a small, upfront conversion fee.

You can receive local bank details for GBP, EUR, USD, AUD, CAD and several other major currencies. Transfers are quick – typically same-day in key corridors – and the account integrates with accounting tools like Xero and QuickBooks.

Key advantages:

Uses the real mid-market exchange rate with low conversion fees, typically starting at around 0.33% on major currency routes (depending on the currency and transfer method)
Local account details in 9+ currencies
Batch payments and invoicing tools
Integration with Xero and QuickBooks

Drawbacks:

Limited FX risk management tools (no forwards or hedging)
Funds safeguarded, not FSCS protected

Ideal for:

Freelancers, small businesses and startups that prioritise transparent pricing and low fees for international transfers.

3. Revolut Business

Revolut Business combines multi-currency banking with modern expense management. You can hold over 25 currencies, access the interbank exchange rate up to your plan limit and issue team cards for global spending.

Paid tiers offer higher FX allowances and additional features, such as priority support and API automation.

Key advantages:

Multi-user access with virtual and physical corporate cards
Real-time spend tracking and approvals
Interbank FX rates up to plan limits
Integrations with Xero, QuickBooks and FreeAgent
API for payment automation

Drawbacks:

FX markups (0.4%–0.6%) after plan limits, plus 1% on weekends
Larger businesses may need higher-tier plans

Ideal for:

Small teams, agencies and growing SMEs that combine international payments with card-based expense management.

4. Airwallex

Airwallex targets high-growth businesses that need automation and global reach. You can open local currency (Global) accounts in 20+ currencies and transact across 100+ currencies overall. Transfers are fast and FX margins hover around 0.5%.

Key advantages:

Local accounts in USD, EUR, GBP, AUD and more
Transparent FX pricing (0.5%)
Same-day payments via local rails
Full API access for automation
Integrations with Shopify, WooCommerce and Xero

Drawbacks:

Onboarding can be strict for smaller businesses
Limited physical card features

Ideal for:

Tech-driven companies, SaaS businesses and e-commerce brands managing high-volume global transactions.

5. Payoneer

Payoneer focuses on global freelancers and online sellers. You can receive funds from major marketplaces like Amazon, eBay, Fiverr and Upwork into local bank accounts in USD, EUR, GBP and AUD.

It supports holding and converting balances, paying suppliers and withdrawing to UK accounts.

Key advantages:

Compatible with top global marketplaces
Local receiving accounts in up to 10 currencies
Ability to pay suppliers directly from your balance
Dedicated tools for invoicing and payouts

Drawbacks:

FX margins (0.5%–2%) are higher than fintech competitors
Withdrawal or card fees can apply
Limited integration with accounting platforms

Ideal for:

Freelancers and online sellers who rely on marketplaces and want a reliable way to collect and move international payments.

6. Starling Bank

Starling offers a UK business bank account with optional multi-currency add-ons. Businesses can open EUR accounts (£2/month) and USD accounts (£5/month) alongside their GBP account.

Conversions cost 0.4%, plus delivery fees for SWIFT payments. Local account details make it easy to receive directly in EUR or USD.

Key advantages:

FSCS protection for GBP accounts
Real bank with strong domestic features
Simple pricing: £2 for EUR, £5 for USD
Instant transfers between your GBP, EUR and USD balances
User-friendly mobile and web app

Drawbacks:

Only supports GBP, EUR and USD
Limited tools for FX strategy or automation

Ideal for:

SMEs seeking a single reliable banking partner for domestic and international payments in major currencies.

7. Barclays

Barclays provides foreign currency accounts and international business services under its traditional banking umbrella. Businesses can hold major currencies like USD and EUR and make payments to 90+ countries.

Barclays includes FX spreads in its quoted rates and charges between £4 and £12 for transfers.

Key advantages:

Well-established UK bank with global reach
Trusted brand and robust support
Seamless integration with Barclays business services
Multiple foreign currency accounts under one login

Drawbacks:

FX margins are higher than those of fintech providers
Transfers are slower, often via SWIFT
Higher fees for international transactions

Ideal for:

Established businesses that already bank with Barclays and prefer traditional stability over fintech speed.

8. Ebury

Ebury is a specialist in global payments, FX and risk management. You can hold and manage over 35 currencies and receive funds locally in 11 currencies, including USD, EUR, GBP, AUD, HKD and CNH.

Ebury offers forward contracts, rate alerts and personalised FX strategy support through dedicated account managers.

Key advantages:

Extensive local account coverage (11 currencies)
FX hedging and risk management tools
Dedicated customer support and trade finance options
Works with over 130 currencies globally

Drawbacks:

Onboarding can be longer for small businesses
Less focus on self-service; more relationship-managed

Ideal for:

Importers, exporters and growing companies that handle large cross-border volumes or want professional FX management.

9. Moneycorp

Moneycorp has one of the widest currency networks, supporting more than 130+ currencies. It’s especially significant for businesses dealing in niche or exotic currencies such as ZAR, TRY or INR. Clients get access to IBAN accounts, online trading and dedicated FX specialists.

Key advantages:

Coverage of 120+ currencies
Access to experienced FX dealers
Hedging and forward contract tools
Competitive spreads for large volumes

Drawbacks:

Limited local collection accounts in some regions
Interface feels dated compared to fintechs
Mainly suited to larger transactions

Ideal for:

Companies trading in multiple or less common currencies that need expert FX guidance.

10. HSBC Global Wallet

HSBC’s Global Wallet allows corporate clients to hold and transfer funds in multiple currencies through HSBCnet. You can make and receive payments in major currencies (USD, EUR, HKD, SGD and more) while viewing FX rates in real time. The service integrates with HSBC’s trade and treasury solutions.

Key advantages:

Integrated within HSBC corporate banking
Global reach and local clearing capabilities
HSBC shows the FX rate before you transact; a flat £5 transaction fee applies
Trade finance and credit access

Drawbacks:

Not cost-effective for small businesses
Requires a corporate banking relationship
The setup and documentation process can be lengthy

Ideal for:

Larger or established businesses that already use HSBC and want international payments and FX within the same banking network.

Why WorldFirst sets the standard for multi-currency accounts in the UK

From this comparison, it’s clear that UK businesses now have more options than ever when choosing a multi-currency account. Each platform offers something valuable, from transparent pricing to automated payments and global reach.

But for SMEs, importers, exporters and e-commerce sellers seeking a solution built specifically for cross-border trade, WorldFirst leads the field.

What sets WorldFirst apart:

Purpose-built for global business: Manage 20+ currencies and make payments to 200+ countries from one central account
Regulated and trusted: WorldFirst is authorised by the UK Financial Conduct Authority (FCA) and operates under strict safeguarding standards
Transparent FX pricing: Competitive exchange rates with clear, capped margins that help protect your profit on every transaction
Real-world performance: Over one million businesses worldwide have processed more than US$300 billion through WorldFirst
Tools for modern businesses: Access forward contracts, rate alerts and the World Card to manage expenses and conversions with zero FX fees on major currencies

Open a World Account for free today and see why thousands of UK businesses choose WorldFirst as their trusted multi-currency account for faster, simpler global payments.

Sources:

https://www.worldfirst.com/uk/business-account
https://www.worldfirst.com/global/help-center/world-account
https://eastandpartners.com/news/worldfirst-introduces-multi-currency-account-for-uk-corporates
https://www.businesswire.com/news/home/20250415065369/en/Ant-Internationals-WorldFirst-Launches-World-Card-to-Simplify-Payment-for-Global-Commerce
https://www.wise.com/gb/business
https://wise.com/help/articles
https://www.revolut.com/en-GB/business
https://www.revolut.com/legal/business-fees
https://help.revolut.com/business
https://www.airwallex.com/uk/business-account
https://www.airwallex.com/uk/blog/compare-international-business-bank-account
https://www.payoneer.com/business-account/
https://www.starlingbank.com/business-account/usd-and-euro-accounts
https://www.barclays.co.uk/business/international/international-payments
https://www.ebury.com/en/global-payment-solutions
https://www.moneycorp.com/en-gb/business
https://www.business.hsbc.uk/en-gb/products/hsbc-global-wallet
https://topmoneycompare.co.uk/best-multi-currency-accounts-uk

Lawrence Bennett is UK Country Manager at WorldFirst, bringing 15+ years of experience across fintech, ventures and e-commerce. He joined from the eBay Financial Services business and previously launched Times Money Mentor, now a leading UK personal finance site.

An advocate for access to financial services, he sees WorldFirst as a UK fintech success story – now turbocharged by global powerhouse Ant International. "

Lawrence Bennett

Author

Country Manager, WorldFirst UK

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