US International & Multi-Currency Business Account

A US business trading internationally may need to receive money from overseas customers, pay foreign suppliers or manage costs in several currencies. An international or multi-currency account can make those payments easier without forcing every transaction through a single currency.

Coutts Consultants can help identify a suitable third-party provider and assist with the application. We look at the currencies, countries and expected payments so that the proposed account fits the way the company trades.

For companies doing business across borders

This service can suit e-commerce companies, consultants, exporters, importers and businesses paying international contractors or suppliers.

Facilities vary by provider and can include holding several currencies, local receiving details, international transfers and business cards.

Bank and non-bank options

Some international facilities are provided by banks, while others are provided by regulated money-services or payment businesses. Wise, for example, currently offers US businesses multi-currency payment and account features but states that Wise US Inc is a money services business rather than an FDIC-insured bank.

We explain what type of provider is being proposed so the client understands the product being opened.

Preparing the payment profile

Providers may ask which countries the company deals with, expected payment volumes, currencies and the nature of customers and suppliers.

We help organise this information alongside the company, owner and source-of-funds documents.

How Coutts Consultants can help

We review the international payment requirement, identify a suitable provider route and help prepare the application before making an introduction.

The provider decides acceptance and sets its own currencies, fees, exchange rates and account conditions.