A multi-currency account lets a company hold balances in more than one currency and choose when to convert, rather than converting automatically on every incoming payment. The currencies actually available depend on the provider.
Without a multi-currency setup, an account that only holds one currency forces a conversion — often at an unfavourable rate — every time a payment arrives in a different currency. Holding balances separately means converting on your own timing, or not at all.
Providers differ in which currencies they support and how many can be held at once — this is confirmed per provider, not assumed from the account type.
The benefit is fewer forced conversions, not necessarily a better rate on any single one — rates still vary by provider.
Most relevant for companies regularly paying or being paid in more than one currency — occasional cross-currency payments may not justify it.
A multi-currency account typically still uses SEPA for EUR and SWIFT for other currencies — it changes what's held, not how payments travel.
Tell us about your structure, activity and payment needs — the essentials, not a full application.
We assess the structure and requirements against what providers typically accept before recommending a direction.
We identify a suitable regulated provider and explain what is realistically available for your case.
You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
Not automatically — it means fewer forced conversions. The rate on any conversion you do choose to make still depends on the provider.
This varies by provider and is confirmed during case review — there's no universal number.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
No obligation — we review your case and respond with a straight answer.
Tell us about your company and payment needs — we review the case and point you to a provider genuinely suited to it.
Check eligibility