Multi currency business accounts in United States hold and convert currencies

Snapshot

Most traditional United States bank accounts hold United States dollars only. Businesses that trade across borders usually reach for a fintech provider such as Wise Business or Airwallex to hold and convert several currencies and to receive local account details abroad. The main cost is the currency conversion margin, not a monthly fee.

Can a non resident open: Often yes through a fintech provider once a United States company and EIN are in place. Verify with the provider.
Typical timeline: Often a few business days for fintech accounts. Verify with the provider.
Free account available: Yes, several multi currency accounts have a no monthly fee option as of 6 March 2026. Conversion still carries a margin.
Most providers: Multi currency fintech accounts

Fees and features as of 6 March 2026Last reviewed 6 March 2026

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

United States businesses that need to hold euros, pounds, or other currencies usually use a multi currency fintech account rather than a traditional bank, since most United States bank accounts hold United States dollars only. As of 6 March 2026, Wise Business holds and converts 40 or more currencies and gives local account details in around 10 currencies, Airwallex offers local details in 20 or more currencies, and Revolut Business gives a monthly exchange allowance then a percentage above it. Mercury holds United States dollars only. The cost that matters most is the conversion margin, so confirm current rates with the provider.

How multi currency accounts work in the United States

A multi currency account lets a business hold balances in more than one currency, convert between them, and often receive money through local account details in other countries. Most traditional United States banks focus on United States dollars and route foreign payments through wires with a conversion margin. Specialist fintech providers built their accounts around holding many currencies, which is why businesses that invoice or pay abroad tend to use them. As of 6 March 2026 the headline difference between providers is the conversion margin and the set of currencies in which you can receive local details.

What the main providers offer

Wise Business holds and converts 40 or more currencies and provides local account details in around 10 currencies, converting at the mid market rate with a transparent percentage fee that is often under 1 percent as of 6 March 2026. Airwallex offers local account details in 20 or more currencies with a currency margin on conversion. Revolut Business includes a monthly exchange allowance at interbank rates, then charges a percentage above it, with the allowance rising on higher plans. Mercury holds United States dollars only and charges a percentage on international card payments. Brex and several traditional banks support international wires but are not built as multi currency holding accounts. Verify current currencies and rates with each provider.

What it costs

Multi currency accounts usually make their money on conversion rather than a monthly fee. The figure to compare is the margin applied when you convert, plus any fixed transfer fee and any charge to receive funds. A no monthly fee account can still be expensive if its conversion margin is wide, so match the cost to how much you convert each month. Confirm the current rate card with the provider, as of 6 March 2026.

What to check before you open

When comparing multi currency business accounts available in the United States, check these points, as of 6 March 2026. Verify with the provider

The currencies you can hold, and the currencies in which you can receive local account details for incoming payments.
The conversion margin and whether it uses the mid market rate, plus any monthly exchange allowance and the rate above it.
Any fixed transfer fee, any charge to receive funds, and how deposit protection applies to held balances.

How to compare and open

List the currencies you receive and pay, and your rough monthly conversion volume.
Compare the conversion margin, the currencies with local details, and any monthly fee side by side rather than the headline price.
Confirm the current rates and the deposit protection arrangement with the provider before you start converting.

Compare business accounts available in the United States

These providers accept business customers in the United States. Fees and eligibility shown as of 6 March 2026. Confirm current terms with the provider before applying.

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Questions about multi currency business accounts in the United States

Can a United States business hold euros or pounds in its account?

Most traditional United States bank accounts hold United States dollars only, so businesses usually use a multi currency fintech account such as Wise Business or Airwallex to hold euros, pounds, and other currencies. As of 6 March 2026 these providers also give local account details in several currencies for incoming payments. Confirm the current currency list with the provider.

What is the cheapest way to convert currency in a United States business account?

The cheapest route depends on your volume. As of 6 March 2026, Wise Business converts at the mid market rate with a transparent percentage that is often under 1 percent, Revolut Business gives a monthly exchange allowance then a percentage above it, and Airwallex applies a currency margin. Compare the margin against your monthly conversion volume and verify current rates with the provider.

Are multi currency fintech balances protected like a bank deposit?

Deposit protection depends on the provider and how funds are held. Some hold customer money at partner banks where pass through deposit insurance may apply, while held foreign currency balances may be safeguarded rather than insured. The arrangement varies, so check how your balances are held and protected with the provider before relying on it.

Do I need to be a United States resident to open a multi currency account?

Not always. Several providers accept non residents once a United States company and an EIN are in place, and some accept foreign businesses directly. Requirements vary by provider, so confirm eligibility for your situation with the provider, as of 6 March 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 6 March 2026. Confirm current terms with the provider before applying.