A multi currency account lets a business in Spain hold, receive and send several currencies from one place. As of 19 January 2026 Wise Business, Revolut Business and Qonto are common choices, differing in the currencies supported, the exchange rate, and whether you get a Spanish IBAN.
- What it does
- Holds balances in several currencies so you can receive and convert on your terms, not on every transaction
- Common providers
- Wise Business, Revolut Business and Qonto, as of 19 January 2026. Verify supported currencies with the provider.
- Exchange rate
- Mid market at Wise Business, interbank within limits at Revolut Business. Confirm the all in cost with the provider.
- Spanish IBAN
- Available from Revolut Business and Qonto. Wise Business gives local details with a Belgian IBAN.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How multi currency accounts work in Spain
A multi currency account holds balances in more than one currency, so you can receive a payment in dollars or pounds, keep it in that currency, and convert when the rate suits you rather than on every transaction. For an importer, exporter, software company or any business with overseas customers and suppliers, this can cut conversion costs and make pricing clearer. The features that matter are the currencies supported, the exchange rate used, local account details to receive like a local, and whether you also get a Spanish IBAN for domestic use. As of 19 January 2026.
Exchange rate and account details
Wise Business uses the mid market rate and charges a stated conversion fee, and provides local account details in several markets, though the underlying IBAN is Belgian. Revolut Business uses the interbank rate within plan limits and can provide a Spanish IBAN for users in Spain. Qonto offers multi currency features with a Spanish IBAN. The currencies, the rate and any limits vary by provider and plan, so confirm the foreign exchange terms with the provider. As of 19 January 2026.
When a Spanish IBAN matters
Some Spanish counterparties, and direct debits to the AEAT and Social Security, work best with a Spanish IBAN. If that matters to you, a provider that issues a Spanish IBAN, such as Revolut Business or Qonto, can be more convenient than one that gives a foreign IBAN with local details. If your position is unclear, verify what is supported with the provider. As of 19 January 2026.
Compare multi currency accounts in Spain
These providers accept business customers in Spain. Fees and eligibility shown as of 19 January 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about multi currency accounts in Spain
Which multi currency account is best in Spain?
Can I hold US dollars and pounds in a Spanish business account?
Do multi currency providers give a Spanish IBAN?
What exchange rate do multi currency accounts use?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 19 January 2026. Confirm current terms with the provider before applying.