Get paid like a local business in 35 currencies
Multi-currency collection accounts and virtual IBANs let your customers pay you in their own currency, with funds held in an account in your name. FinXtra sets them up.
What is a multi-currency collection account?
A multi-currency collection account lets you receive and hold payments in foreign currencies, like a local business. The accounts are issued by our partner, can be held in your name, and other banks and financial institutions can make payments into them. You can also use them to initiate outgoing payments.
Who uses collection accounts
How collection accounts work with FinXtra
Collect with a virtual IBAN
Ask us about virtual IBANs, which give you account details your customers can pay into directly. Availability depends on the currency and region, and we confirm what applies to you during your analysis.
Collect, hold and pay from one place
- 35 currencies you can collect and 135+ you can pay.
- Accounts that can be held in your name.
- Access to wholesale FX liquidity, usually reserved for large corporations.
- Transparent pricing. No hidden fees, no surprises.
- Multi-user access with custom approval workflows and dual authorization before funds are released.
- A dedicated adviser before and after onboarding.
"The team at FinXtra is nothing short of AMAZING. They are professional and knowledgeable and have saved me and our company SO much time and money. We now deal in 6 different currencies and our lives are so much better. I highly recommend them."
Multi-currency accounts: common questions
What are currency accounts?
Currency accounts are accounts issued by partners, allowing clients to collect funds and initiate outgoing payments. They can be held in the client's name, and other banks and financial institutions can make payments to them.
Which currencies can I collect?
You can collect 35 currencies. Contact us to confirm availability for the currency you need.
Can I pay suppliers from the same account?
Yes. Currency accounts let you collect funds and initiate outgoing payments.
What is a virtual IBAN?
A virtual IBAN is a set of account details linked to your currency account so customers can pay you directly. Ask us about availability for the currency and region you need.
Can several people use the account, with approvals?
Yes. Administrators can add as many users as you need, set custom access levels, build approval workflows and require dual authorization (the four-eyes principle) before funds are released.
Are there account opening fees?
Opening an account is completely free, and you get full access to the platform.
Is FinXtra regulated?
FinXtra works with Ebury, which provides the payment and foreign exchange services. Ebury Canada is registered with FINTRAC, and all client funds are held with Ebury Canada in line with regulatory standards. See the regulatory disclosure at the bottom of this page for the US, UK and Mexico.
Currency accounts are issued by our partner under its terms and conditions. Availability varies by currency and region. This page is general information, not financial advice.
See how collecting in local currencies would work for your business
Book a free 20-minute FX analysis. We review how you get paid today and show you your options, at no cost and with no commitment.
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