Multi-Currency Accounts
Discover how Monex USA Multi-Currency Accounts streamline your global business transactions, ensuring seamless and efficient payment management
OPEN YOUR FREE MULTI-CURRENCY ACCOUNT TODAYHold 30+ multiple currencies for future use in your business accounts
With a Monex USA multicurrency account, your business can receive payments and then hold funds in foreign currencies without the need or complexity of opening an international bank account. Hold over 30 different currencies for future use.
How do multicurrency accounts work?
A multi-currency account allows you to receive payments in multiple foreign currencies and hold those funds in one account until you decide what to do with them. You can also make payments to vendors directly from your multi-currency account or convert funds to US dollars or another foreign currency. A multi-currency account lets your business leverage favorable rates as an account holder, as you can hold funds until rates improve.
What are the benefits of a multicurrency account?
Global payments and transactions made simple
Whether you accept payments in multiple foreign currencies or your business wants to leverage favorable foreign exchange and market conditions, a multicurrency account with Monex USA gives you the flexibility to hold funds until rates improve or you choose to move your funds.
Monex USA multicurrency accounts provide benefits including:
Hold multiple foreign currencies in one account
Accept payments from customers in multiple currencies
Quick and simple
account setup
No minimum balance requirements
No account
maintenance fees
Provide an enhanced customer experience
Multicurrency accounts with Monex USA make it easier for your global business to accept payments from international customers in their preferred currency. When foreign currency markets are volatile, your customers don't have to wait to convert their payment into another currency before making a payment. Foreign transactions are faster and simplified. And there's no need to convert foreign funds into U.S. dollars. Hold your foreign funds in your account until you decide what to do.
Take advantage of foreign exchange rates and market conditions
Holding multiple currencies in a single multi-currency account can help your business manage foreign exchange market volatility and protect your profits. If you accept a payment in a foreign currency while rates aren't favorable, there's no need to convert those funds immediately. You can hold those funds until rates improve. This flexibility can allow you to better manage money and protect your business from market fluctuations.
You can also take advantage of FX market conditions by buying currencies at a favorable rate and then hold foreign currency in your account, with no immediate need to withdraw funds. You can hold multiple currencies in your account for future use. Businesses with extra cash liquidity can leverage competitive exchange rates and positive movement in currency markets.
Choose Monex USA for their expertise in Cross-border payments
Opening a multicurrency account with Monex USA means you have access to decades of expertise in foreign exchange and related risk management solutions.
OPEN YOUR FREE MULTI-CURRENCY ACCOUNT TODAY
Will Vigliotta, Senior Director of Operations
Will Vigliotta, Senior Director of Operations
For over 8 years at Monex USA Will has led operations, using his expansive knowledge about payment processes to help drive the accuracy and efficiency of our business functions. Learn more about Will in our currency corner!
Meet Team Monex USA
Say hello to the Monex USA App
Say hello to the Monex USA App
Transact anywhere, anytime from your mobile device with the Monex USA App. Manage all your payments and FX products at your fingertips with end-to-end transaction tracking as well as instant quotes with the ability to buy in a few clicks.
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