multi-currency
account
Send and receive funds both locally and internationally with your dedicated multi-currency account. Make quick and easy transfers in 34 different currencies and gain real-time access to the best international exchange rates.
get startedKey features
Discover the key features of our multi-currency IBANs and how you can make the most out of our global payment solutions:
![Globally icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60ba2d7060fea1d214daab69_globally.webp)
Global coverage
Transfer funds to a beneficiary bank account anywhere in the world.
![Transparent icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60ba2d6f2c1c2b7714450f6b_transparent.webp)
Currency Variety
Hold, send, and receive funds in 34 currencies to minimize conversion fees.
![Instant](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60ba2d878bcdea0f65bd6201_instant.webp)
Instant payments
Make instant free payments to and from other Payset clients.
Real-time rates
Access live rate quotes before a conversion is made.
![Methods](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60ba2d709cdb1e455e9cfc7a_methods.webp)
Diverse payment networks
We use a variety of different payment networks including SWIFT, SEPA, Target2, Faster Payments, CHAPS, and more.
![Secure reliable icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60ba2d70c89546abdcf7e8dd_secure-reliable.webp)
Secure and reliable
We store your funds in a segregated client account in one of Europe's leading credit institutions.
How Payset multi-currency accounts work
Send and receive funds both locally and internationally with the next generation of payment technology in just 3 simple steps:
1.
Register with us
2.
Provide your account information
3.
Get started!
What companies would benefit from a multi-currency account?
![payroll icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603cef8e6e4d6c0e7a58cfb2_pay-roll%402x.webp)
Global payroll
- Pay staff in an efficient manner with minimal transfer fees
- Make payments in 38 currencies
- Ensure tax and regulatory compliance is met at all times
![Pointer icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603cee46dc2fb91f3eb05752_ecommerce%402x.webp)
Ecommerce
- Accept payments in 34 currencies globally
- Easily withdraw from and deposit money into your IBAN account
- Send free transfers to/from Payset accounts
![Freelancer icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603ceeb8a090c233ede40d6d_freelancers%402x.webp)
Freelancers
- Get paid and transfer funds in 34 different currencies
- Pay fewer fees on money transfers to fund your account
- Easily send and receive funds to and from your account
![Affiliate Icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603cefab3824d3461c83dacd_affiliate%402x.webp)
Affiliate programs
- Pay partners in their chosen currency
- Track all payouts from one dashboard
- Enjoy excellent reporting features
![Startup icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603cef1ecac4d164b4eb02f2_startups%402x.webp)
Start-ups
- Operate globally in up to 38 currencies and keep track of your payments
- Send/receive international and local payments
- Manage all payments from one dashboard
![Market icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603cefe11948c6770a62a201_marketplaces%402x.webp)
Marketplaces
- Collect global payments in your own currency
- Reach more clients in more regions
- Easily manage payments from multiple marketplaces
![Import export icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/603cef737bde753e872fb059_import-export%402x.webp)
Import/Export
- Make quick cross-border payments
- Pay staff and suppliers via several payment networks
- Pay and get paid in numerous currencies
![](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/64ae8b1aafe5f5359136dcfe_6392e5f08774f6f66b514a74_b2b.webp)
B2B payments
- Easily pay suppliers and partners
- Make and receive payments in up to 38 currencies
- Send free transfers to/from Payset accounts
![](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/64ae8a1dacbf1a62d644407d_6392e56ca24495769fcd68c7_smallbusiness.webp)
Small businesses
- Pay and get paid in up to 38 currencies
- Pay staff instantly for low or no fees
- Open up international markets
BOOK A DEMO
Payset makes cross-border banking easy, affordable, and secure. Speak with one of our experts to explore the benefits of opening a Payset account.
book a demoHow do I get started?
![Say Hi](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60b3cf6fbe705f59506ccf20_say%20hi.webp)
Say hi
Meet our amazing team, share a few details about your business, and leave us your contact info.
![Get on Board](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60b3cf708e7b7a402ee9102b_get%20on%20board.webp)
Get on board
An account executive will guide you through the onboarding process for your
Payset IBAN account, which is quick and easy to set up.
![Enjoy using it](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/60b3cf7159e34882d052429e_enjoy.webp)
Enjoy using it
Log in to your account to manage your funds 24/7 and enjoy the low fees and fast execution of your Payset IBAN account.
Frequently
asked questions
What is a multi-currency account/virtual IBAN?
A Payset multi-currency account allows you to receive money in 34 different currencies and send money in up to 38 currencies, all within the same account.
You can deposit and withdraw funds, convert currencies at competitive exchange rates, and hold your chosen currencies to capitalize on market movements.
A Payset multi-currency account allows startups and business owners to receive payments from clients virtually anywhere in the world and pay suppliers, staff, and contractors quickly and affordably in their chosen currency.
- Funds can be deposited and withdrawn from the account for a small fee.
- Account holders can send and receive money with other Payset users for free.
- Depending on your region, you can use various payment networks from your Payset account, including SWIFT, SEPA, ACH, Fedwire, Faster Payments, BACS, and CHAPS.
- Once you register an account, you will be provided with a Virtual IBAN (International Bank Account Number), which makes all of these transfers easy.
- We provide you with local payments and collections. For example, transactions in USD, EUR, CAD, and GBP are processed through the local payment networks, which is far cheaper and takes minutes as opposed to days
Are there limits on the amount of money I can send and receive?
No, there are no transaction limits on Payset multi-currency accounts.
However, higher-volume transactions may require additional anti-fraud verification. If you plan to make a large transaction, contact us in advance to avoid verification delays.
Which currencies can I send and receive in my account?
Payset allows you to receive payments in 34 currencies. You can send payments from your account in 38 currencies. For more details, check our payment guide.
How do I add money to my account?
You can add money to one of your Payset currency balances in one of three ways:
- Provide the account information to any person or company to pay you funds into the account from any bank account in the world.
- Send money to your account from another one of your accounts in another financial institution.
- Ask another Payset user to send you funds internally.
How do I send money from my account?
Once you have opened your verified IBAN account and added money to a balance, transferring funds is simple.
Simply log in into your account and add a beneficiary, then simply “make a transfer” in your preferred currency to that beneficiary.
What's the best multi-currency account?
The best multi-currency accounts offer support for a large number of foreign currencies, plus affordable rates and fast transaction times. Payset competes with the best: our multi-currency account offers support for 38 currencies and transaction rates as low as 0.45%.
Is it good to have foreign currency accounts?
Foreign currency accounts are useful if you plan to make international transactions. They’re ideal for small businesses, startups, e-commerce services, and freelancers.
They’re also useful if you work in global payroll, affiliate marketing, importing/exporting, or B2B payments — all of which usually handle multiple currencies in everyday operations.
What's the cheapest way to transfer money internationally?
Payset offers one of the most affordable ways to send money internationally. If you’re sending money between Payset accounts the transfer is free and instant.
We offer transfer rates as low as 0.45% (plus currency conversion and account fees). By comparison, many other payment services charge 3% or more on every transaction.
We also offer the ability to send local payments to/from the UK, EU, USA, and Canada, meaning you can take advantage of local payment networks and lower fees by banking like a local in any of these regions.
What currencies are supported?
Currency
Incoming
Outgoing ***
Conversions
Australian Dollar (AUD)
SWIFT
SWIFT
Buy/ Sell
Bahrain Dollar (BHD)
SWIFT
SWIFT
Buy/ Sell
Bulgarian Lev (BGN)
SWIFT/ SEPA
SWIFT/ SEPA
Buy/ Sell
Canadian Dollar (CAD)
SWIFT/ EFT(local)
SWIFT/ EFT(local)
Buy/ Sell
Chinese Yuan (CNY)
SWIFT
SWIFT
Buy/ Sell
Croatian Kuna (HRK)
SWIFT
SWIFT
Buy/ Sell
Czech Koruna (CZK)
SWIFT/ CERTIS (local)
SWIFT/ CERTIS (local)
Buy/ Sell
Danish Krone (DKK)
SWIFT/ Credit Transfer (local)
SWIFT/ Credit Transfer (local)
Buy/ Sell
Euro (EUR)
SEPA/ SWIFT
SEPA/ SWIFT
Buy/ Sell
Hong Kong Dollar (HKD)
SWIFT/ CHATS (local)
SWIFT/ CHATS (local)
Buy/ Sell
Hungarian Forint (HUF)
SWIFT/ Giro Zrt (local)
SWIFT/ Giro Zrt (local)
Buy/ Sell
Indian Rupees (INR) *
![Cancel Icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/640f3ccfc87e612c9a49aad5_rtaImage.png)
IMPS (up to INR 200,000)NEFT (over INR 200,000, and for banks not connected to IMPS)
Buy/ Sell
Indonesian Rupees (IDR) *
![Cancel Icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/640f3ccfc87e612c9a49aad5_rtaImage.png)
SKN (local)
Buy/ Sell
Israeli Shekel (ILS)
SWIFT
SWIFT
Buy/ Sell
Japanese Yen (JPY)
SWIFT
SWIFT
Buy/ Sell
Kenyan Shilling (KEN)
SWIFT
SWIFT
Buy/ Sell
Kuwait Dinar (KWD)
SWIFT
SWIFT
Buy/ Sell
Malaysian Ringgit (MYR) *
![Cancel Icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/640f3ccfc87e612c9a49aad5_rtaImage.png)
IBG (local)
Buy
Mexican Peso (MXN)
SEPA/ SWIFT
SWIFT
Buy/ Sell
New Zealand Dollar (NZD)
SWIFT
SWIFT
Buy/ Sell
Norwegian Krone (NOK)
SWIFT/ Credit Transfer (local)
SWIFT/ Credit Transfer (local)
Buy/ Sell
Omani Rial (OMR)
SWIFT
SWIFT
Buy/ Sell
Philippines Peso (PHP) *
![Cancel Icon](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/640f3ccfc87e612c9a49aad5_rtaImage.png)
PESONet (local)
Buy
Polish Zloty (PLN)
SWIFT/ Elixir
SWIFT/ Elixir
Buy/ Sell
Qatar Rial (QAR)
SWIFT/ EFT (local)
SWIFT/ EFT (local)
Buy/ Sell
Romanian Leu (RON)
SWIFT
SWIFT
Buy/ Sell
Saudi Riyal (SAR)
SWIFT
SWIFT
Buy/ Sell
Singapore Dollar (SGD)
SWIFT/ FAST (local)
SWIFT/ FAST (local)
Buy/ Sell
Swedish Krona (SEK)
SWIFT/ Direct Debit (local)
SWIFT/ Direct Debit (local)
Buy/ Sell
Swiss Franc (CHF)
SWIFT
SWIFT
Buy/ Sell
Thai Baht (THB)
SWIFT
SWIFT
Buy/ Sell
Turkish Lira (TRY) ***
SWIFT
SWIFT
Buy/ Sell
UAE Dirham (AED)
SWIFT
SWIFT
Buy/ Sell
Ugandan Shilling (UGX)
SWIFT
SWIFT
Buy/ Sell
UK Sterling (GBP)
SWIFT/ CHAPS/ Faster payments
SWIFT/ CHAPS/ Faster payments
Buy/ Sell
US Dollar (USD)
SWIFT/ CHIPS/ FedWire/ Fed ACH
SWIFT/ CHIPS/ FedWire/ Fed ACH
Buy/ Sell
Payment solutions to boost your business
As well our multi-currency IBAN account solutions, discover the other products and services we have to offer.
![More](https://cdn.prod.website-files.com/603a630848b1e83a6e50e82d/62ea732f9d12252851ed5291_More%20horiz.webp)