Multi currency business accounts in United Kingdom

Snapshot

Several providers in the United Kingdom let a business hold and receive more than one currency. Wise Business holds over 40 currencies with local account details for receiving, and Revolut Business holds a range of currencies with free incoming transfers in pounds, euros, US dollars and Swiss francs. The cost sits in conversion margins and transfer fees, not always a monthly fee. As of 30 March 2026.

Providers that hold several currencies: Wise Business, Revolut Business, and others. As of 30 March 2026.
Currencies supported: Over 40 at Wise Business, a wide range at Revolut Business. As of 30 March 2026.
Main cost: Conversion margin and any per transfer fees.
Base currency: Pound sterling (GBP).

Fees and features as of 30 March 2026Last reviewed 30 March 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 30 March 2026, several providers in the United Kingdom let a business hold and receive more than one currency. Wise Business holds more than 40 currencies and gives local account details for receiving in currencies such as pounds, euros and US dollars, and Revolut Business holds a range of currencies with free incoming transfers in pounds, euros, US dollars and Swiss francs. The main cost is the conversion margin away from the mid market rate and any per transfer fees. Confirm the held currencies and the costs with the provider.

How multi currency business accounts work in United Kingdom

A multi currency account lets a business hold balances in several currencies and receive payments without converting each time. This helps a company that bills customers or pays suppliers abroad, since it can avoid converting on every transaction and time conversions instead. As of 30 March 2026, Wise Business holds more than 40 currencies and gives local account details in several countries, while Revolut Business holds a range of currencies and offers free incoming transfers in pounds, euros, US dollars and Swiss francs. Confirm the held currencies and the costs with the provider.

Holding and receiving currencies

Look at which currencies the account can hold, whether it gives local account details for receiving in currencies such as US dollars, euros and pounds, and any limits on receiving. Wise Business is built around this and provides local details in several countries, including genuine US account details, while other providers differ in how many currencies they support and how incoming payments arrive. As of 30 March 2026, confirm the detail with the provider.

What the convenience costs

The cost of multi currency banking sits in the conversion margin away from the mid market rate and in per transfer fees, rather than always in a monthly fee. Compare the margin and the transfer cost across providers, since these vary widely. Some accounts also charge for outgoing international payments by wire, so check the full schedule, as of 30 March 2026.

What to check before you open

Four points to weigh on a multi currency account, as of 30 March 2026. Verify with the provider

Which currencies you can hold and receive, and whether you get local account details for each.
The conversion margin away from the mid market rate, which is the main hidden cost.
Per transfer fees and any limits on free receiving, since these differ between providers.
Whether the provider is a licensed bank with FSCS cover or an electronic money provider that safeguards funds, since this affects how your money is protected.

Compare business accounts available in United Kingdom

These providers accept business customers in the United Kingdom. Fees and eligibility shown as of 30 March 2026. Confirm current terms with the provider before applying.

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Questions about multi currency accounts in United Kingdom

Which providers offer a multi currency business account in the United Kingdom?

Wise Business holds more than 40 currencies and gives local account details for receiving in currencies such as pounds, euros and US dollars, and Revolut Business holds a range of currencies with free incoming transfers in pounds, euros, US dollars and Swiss francs. Supported currencies and terms vary, so confirm with the provider, as of 30 March 2026.

Can a UK business receive US dollars and euros?

Yes. A multi currency account can let a UK business hold and receive currencies such as US dollars and euros. Wise Business provides local account details, including US account details, for receiving in several currencies. Check receiving fees and any limits with the provider, as of 30 March 2026.

What does a multi currency account cost in the United Kingdom?

The main cost is the conversion margin away from the mid market rate, plus any per transfer fees, rather than always a monthly fee. Compare the margin and transfer cost across providers, as of 30 March 2026.

Is a multi currency account the same as a UK bank account?

Not always. Some multi currency accounts are offered by electronic money providers that safeguard funds rather than holding a banking licence with FSCS cover, while others are full bank accounts. Check whether the provider is a licensed bank and how your money is protected, as of 30 March 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 30 March 2026. Confirm current terms with the provider before applying.