Costly fees from international payments and foreign currency exchanges can impact your business's bottom line. The right multi-currency business account, though, will streamline your financial operations.
You’ll also be able to efficiently manage multiple currencies in one place, reduce transaction costs, and gain access to real-time exchange rates for better financial planning.
In this article, you’ll read about the key advantages of multi-currency business accounts, what to prioritise in your solution and why traditional banks struggle to provide the service you need.
The four platforms we recommend all offer features tailored for international digital commerce businesses, competitive fees, user-friendly interfaces and robust security measures.
The information about all the accounts discussed in this article was collected in May 2024. This article was written and approved by Juni and is intended as marketing material.
Multi-currency accounts allow you to handle transactions in global currencies efficiently and at low costs. Their automated processes also help minimise the risk of human error and reduce the manual workload of your finance and accounting teams.
As a result, you can:
Unlike digital multi-currency business accounts, traditional banks often impose high fees for international transactions. They may also lack real-time exchange rates, bringing poorer conversion rates for your business.
As well as these two core issues, traditional banks tend to have slower processing times for international transfers, which can disrupt your cash flow. They can also have relatively cumbersome processes that require additional manual work and give you limited visibility over your accounts.
Unlike traditional banks, multi-currency accounts usually include specialised features and integrations to automate key processes that save your teams time and minimise error.
To get the most out of your multi-currency solution, you need to address the typical issues traditional banks present to businesses that send and receive cross-border payments.
You might find that traditional banks have issues like::
So, you should prioritise:
All these multi-currency business accounts provide solutions to the issues described above – including increased visibility, time-saving automations, low-cost transaction processing and an exceptional customer experience.
Juni is designed specifically for digital commerce businesses, supporting transactions in SEK, GBP, EUR, USD and NOK.
This is coupled with low and transparent FX fees and zero cost for moving money and making payments in the same currency.
You can create up to 10 IBAN accounts, all of which you can manage in your smart Juni dashboard. And, as soon as you have your account, you can create as many virtual cards as you need.
Juni Mastercard® Corporate cards include custom controls with permissions and spending limits for employees, suppliers and platforms. You can also customise your Juni card notifications and quickly manage card freezes.
Juni cards offer up to 1% cashback on eligible spend, which you receive in your Juni account 30 days after each month-end.
Additionally, Juni facilitates enhanced cash flow management through flexible financing options, with credit lines supporting up to €2 million.*
As well as accounting software like Fortnox and Exact Online, Juni integrates with major sales and advertising platforms like Shopify, Amazon, Meta and Google Ads.
These integrations and the platform’s in-built automations replace manual data entry, auto-match ad payments with their corresponding invoices to save your financial department hours of work, and provide accurate and streamlined reporting.
Meanwhile, Juni provides security via multi-factor authentication, penetration tests and vulnerability scans, fraud protection and a dedicated security team.
*Capital for cards is available for companies registered in UK, NL, SE, DE, FR, ES, IT, NO, and FI, upon eligibility. Fees and terms and conditions apply.
Wise Business is a specialised multi-currency account service for entrepreneurs, freelancers, sole traders, and business owners, launched in the UK in 2011.
The service supports set-up with local account details in nine different currencies with Stripe, you can hold multiple currencies within your account, and you can convert money between these currencies at the real exchange rate.
With an account, you’ll have access to Wise Business debit cards, which you can create for team members at a one-time cost of 3 GBP.
These have default daily and monthly spending limits based on your business type. Also, they offer 0.5% cashback on eligible business card transactions to businesses with Wise Business accounts and cards registered in the UK.
Through its App Marketplace, Wise Business integrates with platforms like Xero, QuickBooks, and Sage, enabling automatic synchronisation of each transaction balance to your preferred system.
Revolut Business has four different plans: Basic, Grow, Scale and Enterprise, with each plan upgrade offering fewer limitations on features, more free transactions, and higher savings interest rates.
For example, Grow offers 5 no-fee international transfers, 100 no-fee local transfers, currency exchange up to £10,000 at the interbank rate* and 2.25% AER.
Compare this with Scale, which offers 25 no-fee international transfers, 1000 no-fee local transfers, currency exchange up to £50,000 at the interbank rate* and 2.75% AER.
Revolut Business accounts give you and your team access to physical and virtual cards with controls over spending limits, tracking, and security options such as the ability to freeze and unfreeze cards as needed.
*Note: there is a 1% fee for exchanges conducted outside market hours and a 0.6% fee for any currency exchanges exceeding the specified allowance.
Airwallex business accounts offer Global Accounts in 12 currencies, including GBP, USD, AUD, EUR and DKK. There are no transaction limits and payments are instantly visible in your Airwallex Wallet (your digital multi-currency account).
The platform has accounting software integrations and custom approval workflows for automated invoice and expense management, and it supports international transfers at interbank rates in 150+ countries and regions.
Airwallex Borderless Cards are free to create and allow employees to pay in multiple currencies directly from balances in your Airwallex Wallet business account, minimising conversion costs.
The right multi-currency account for your business will streamline your cash flow management across currencies, reduce your transaction costs, and give you the flexibility and visibility you need to manage your media buying and inventory.
For example, Juni offers:
With these tailored solutions, you can unlock the complex currency management issues that have stunted your business growth and optimise your strategic financial operations and planning.
An international business account is designed for simplified multi-currency transactions with better payment conditions and currency conversion than traditional banks. These accounts typically feature low costs for sending, receiving, and spending in foreign currencies, as well as flexible financing for digital commerce.
A multi-currency account like Juni facilitates global digital commerce by accommodating various currencies, which reduces your conversion costs and gives you more financial flexibility. You can also benefit from improved cash flow, automated processes to reduce manual tasks, and better monitoring and control over your media spending.
Juni is not a bank – yet. We’re a financial technology company providing e-money services and as such are not part of a deposit guarantee scheme. Learn more about our license and how we keep your business and money safe.
Juni Technology AB (company number 559248-0908) is licensed and registered as an electronic money institution with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (license no: 64025). Payment Card Solutions (UK) Limited (company number 05941947) and UAB B4B Payments Europe (company number 305539054) are regulated by the Financial Conduct Authority (ref: 930619) and the Bank of Lithuania (licence no: 76), respectively. The Juni Mastercard Corporate Card is issued by Payment Card Solutions (UK) Limited and UAB B4B Payments Europe pursuant to a license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Juni Technology AB. Masthamnsgatan 21, 413 28 Göteborg, Sweden. © 2025 Juni. All Rights Reserved.
