Foreign currency account
For making transactions in foreign currencies
Foreign currency accounts can help you manage your receipts and payments when trading internationally while limiting the risk and expense involved in exchanging currencies.
To find out more call 0845 300 0101 (open 8.30am to 5pm Monday to Friday).
Features & Benefits
- Foreign currency accounts can avoid the need to transfer to sterling when receiving monies from overseas.
- They can be used to fund short-term cashflow requirements.
- Accounts are available for any business dealing in one or more foreign currencies.
- We can arrange overdrafts in all major currencies.
- A cheque book is available for foreign currency transactions.
- Payment and collection of foreign currency funds is simplified.
- You can reduce the risk of adverse movements in exchange rates.
- Free transfers between currency accounts and sterling business accounts held in the same name. Transfers to sterling accounts will be converted at the rate of exchange applicable on the day of transfer. (Normal fees apply for all other transactions.)
- Interest is paid on some of your credit balances.
- Interest is calculated on the credit balance each day and paid half-yearly, with the exception of company accounts. Basic rate tax is normally deducted automatically from any credit interest we pay. Credit interest rates can vary from day-to-day.
View Foreign currency account rates and chargesMore information
If you would like more information before you apply either call 0845 300 0101 (open 8.30am to 5pm Monday to Friday) or complete our
request for further information form.
How do I apply?
By telephone
Call 0845 300 0101 for more information.
