Sectors / Global payroll

Personal multi-currency account

Never worry about exchange rates again with a personal multi-currency account. Our innovative multi-currency IBAN solution allows you to send and receive funds in 34 currencies, making it easy to manage your money internationally.

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What Is a Personal Multi-Currency Account?

A multi-currency account is essentially the same as a traditional bank account that allows you to hold numerous currencies, easily swapping between them and making payments to multiple jurisdictions in the currency of your choice.

A Payset multi-currency account allows you to send, receive, or hold up to 34 different currencies from a single account dashboard. You can also take advantage of our low-fee currency exchange to exchange between 38 currency pairs 24/7, 365 days a year.

Withdraw money

Send and receive payments in multiple currencies internationally

Access your funds for electronic transfers

Access multiple payment networks and make local payments

As a Payset account is fully online, it functions just like an electronic wallet, allowing you to send and receive money to/from over 200 countries with the added benefit of being able to transact in 34 currencies.

Learn more about the benefits of multi-currency accounts and how they work in our complete guide to multi-currency accounts.

A Payset personal multi-currency account allows you to:

Make payments in 38
currencies

Accept payments in 34 currencies

Pay staff around the world with little or no fees

Easily withdraw funds to your bank account

Send free transfers to Payset accounts

Use both international and local payment networks

Ensure tax and regulatory compliance on global payments

Manage all payments from one dashboard

Enjoy excellent reporting features

Pay partners and staff in their chosen currency

Collect global payment in your local currency

Reach more clients, staff, and partner in more regions

Key Features

Our personal multi-currency accounts have numerous features to help you simplify your international and local payments:

Global fund transfer

Transfer funds to traditional bank accounts at high speed around the globe.

Low conversion fees

Enjoy minimal transfer fees with every transaction. All of our fees are transparently displayed during the exchange process.

Free instant payments

Make free, instant payments to other Payset users anywhere in the world using your multi-currency wallet.

Currency diversification

Load your digital wallet with up to 34 different currencies at competitive rates. Make payments to your business partners conveniently in their native currencies.

Diverse payment networks

Transfers funds using your preferred payment network, such as SWIFT, SEPA, and others.

Unrivalled security

Your money is held in a segregated account within a leading European financial institution, ensuring unmatched compliance and security.

How Is a multi-currency account for individuals different from a business account?

The majority of multi-currency account providers focus on business clients, and many do not offer personal accounts at all. This is because businesses typically have a higher need for transacting in multiple countries in order to pay suppliers, employees, and subcontractors and get paid by clients. While the majority of Payset clients are businesses, we also offer the option of personal multi-currency accounts for individuals who need to send and receive money across borders or need to hold funds in multiple currencies.

For the user, aside from the account permissions and some of the rules governing documentation requirements, there is no difference between personal and business accounts.

Do you need a multi-currency account for individuals?

You may benefit from a personal multi-currency account if:

You send and receive cross-border funds transfers
You sell products or services online on a small scale
You have family or friends overseas to whom you need to transfer money
You hold money in multiple currencies for investment or savings

How Multi-Currency Accounts Work

Get started with a personal multi-currency account in 3 simple steps:

Register with us

As soon as you register your business with us, our team will set up your personal multi-currency account within 72 hours.

Set up your payments

Set up any necessary direct debit payments and distribute your payment details to relevant personnel.

Get started!

Manage your international expenses through our user-centric online portal or exchange up to 38 currencies at competitive exchange rates.

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I wanted to express my appreciation for the successful cooperation between my firm and Payset. I would like to point out in particular the professionalism, the manner in which requests are handled, the quick response time and the satisfaction of the clients. I strongly believes that we will continue to move forward and create many collaborations in the future

Asaf and the team

CPADVICE LTD

/ 01

The experience of using PaySet account was really interesting. It is one of the most ergonomic systems I have ever used. Support provided is fast and enquires are resolved in no time. I am very satisfied for using this account! Keep going guys!

Christina Loizou

Accountant at Lytria

/ 02

Through our experience with Payset we are happy to say the services provided were accommodated to our needs perfectly and were performed professionally. The support and customer care is fast and efficient, no question or request is left unanswered or unresolved. 10/10

Victoria

Payments and Risk Manager, CanadaP LTD

/ 03

For the past year, we have worked hand in hand with Payset Limited to assist us with numerous payments related services. At no one time have they failed me, and they have always been on time, making them one of our top reliable business partners.

Payments Team

Clearsky Network

/ 04

How Do I Get Started?

Say hi

Meet our amazing team, share a few details about your business, and leave us your contact info.

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

get started

FAQ’s

What is a personal multi-currency account?

A personal multi-currency account is a dedicated IBAN that can hold multiple currencies at once. This type of account can be helpful for people who regularly travel to other countries, as it allows them to quickly and easily move money between currencies.

Personal multi-currency accounts also offer a variety of perks in comparison to traditional bank accounts, such as lower fees and better exchange rates.

How do personal multi-currency accounts work?

A multi-currency account allows you to hold multiple currencies in one account, which can make it easier to manage your money when travelling. This means that customers can take advantage of currency movements and protect themselves against currency fluctuations.

Payset’s personal multi-currency account solution allows you to manage up to 38 currencies from one centralised dashboard. Currencies can be transferred at competitive rates at a time that suits you, ensuring freedom and flexibility with your payments.

What are the benefits of a personal multi-currency account?

Here are some of the key benefits of using a multi-currency account:

Convenience: Having a personal multi-currency account makes it easy for you to manage your personal finances and switch between different currencies. This can be especially helpful as you don't have to worry about exchanging your money into the relevant local currency each time you need it.‍
Diversification: Personal multi-currency accounts offer both security and peace of mind when it comes to your finances. For example - if your home country experiences an economic downturn - your savings may be worth more in another currency.‍
Cost-efficiency: By spreading your money across multiple different currencies, you can take advantage of favourable exchange rates when they arise. This can save you a significant amount of money over extended periods of time, particularly if you regularly travel or make payments to international vendors.

What is a multi-currency account for individuals?

A multi-currency account allows you to send, receive and hold multiple currencies in a single account. The Payset multi-currency account allows you access to 34 different currencies as well as exchange between 38 currency pairs. You can learn more about multi-currency accounts in our complete guide.

While most multi-currency accounts are designed for use by business clients, Payset also offers personal multi-currency accounts to allow individuals to send fast and easy cross-border transfers to over 200 countries around the world.

Can one bank account have multiple currencies?

Yes, absolutely.

A Payset multi-currency account allows you to send, receive, and hold up to 34 different currencies from a single account dashboard.

While traditional bank accounts are typically limited to a single currency and carry larger currency exchange fees, online multi-currency accounts like Payset’s are increasingly common. They make transferring between currencies faster and cheaper and allow you access to all your different currency holdings in one place. A Payset account also allows you to transfer funds to over 200 countries around the world in the currency of your choosing.