Multi-Currency
Multi–Currency Accounts for Businesses
BLK.FX multi-currency accounts let UK businesses and private clients receive, hold, convert and pay out in 35+ currencies from named accounts in their own name, each with its own local IBAN. There are no setup or maintenance fees, conversions run at an average margin of 0.5 to 0.7%, and every account comes with a dedicated account manager. If your money comes in as dollars or euros but your only account is in sterling, you lose on the conversion every single time, whether you need the pounds that day or not. Worse, you have no choice about when that conversion happens. The bank does it on arrival, at its own rate, and the timing is never yours.
A multi-currency account puts that control back with you. You get paid in each currency, hold the balance for as long as you like, and convert only when the rate and the need line up. Plenty of providers offer a version of this. What BLK.FX adds is a named account in your own name rather than a shared balance, and a real person who manages it, for private clients as much as companies.
The Problem With a Single-Currency Account
Most UK businesses run on a sterling account, and that is fine right up to the point money starts arriving in other currencies. A US client pays you in dollars. A European marketplace settles in euros. Each time, the money is converted to pounds on the way in, at the bank’s rate, on the bank’s timing, with a margin you never see.
You lose twice. Once on the conversion itself, and again on control, because you are forced to accept whatever rate applies on the day the money happens to land. If you later need to pay a supplier in that same currency, you convert back and lose a second time on the round trip.
None of that is necessary. It is simply what happens when the only account you hold is in one currency.
Receive. Hold. Convert. Pay.
A multi-currency account gives you control over what happens to foreign currency once it reaches you.
Receive funds into named accounts with local account details where available, hold balances in the currencies you use, convert when the timing suits you, or use those funds to make payments without automatically bringing everything back into sterling.
Receive In Your Own Name
Get paid into named currency accounts, with local account details or IBANs available depending on the currency.
Hold Foreign Currency
Keep balances in the currencies you use rather than automatically converting everything back to GBP.
Convert When It Suits You
Choose when to exchange your funds instead of having the timing dictated by when a payment arrives.
Pay From Your Balance
Use the currency you already hold to pay suppliers, contractors or other international costs where supported.
Manage It In One Place
Receive, hold, convert and pay across multiple currencies without maintaining separate banking relationships for each one.
What a Multi-Currency Account Actually Is
A multi-currency account lets you receive, hold, convert and pay out in many currencies from a single place, without opening a separate bank account in each country.
With BLK.FX, these are named accounts in your own name, each with its own local IBAN and account number. That is the important detail. It is not a pooled or virtual balance shared across users, but an account that belongs to you, so you can be paid like a local business in each currency, hold the balance until the rate suits you, and convert only when you choose to.
Wise, Revolut and Airwallex offer multi-currency accounts too, and for many businesses they do the job. Where BLK.FX is different is the named account in your own name, a dedicated account manager who knows your business, and the same service extended to private clients and family offices, not only companies. If you would rather deal with a person than an app, and hold a proper named account than a shared balance, that is the distinction.
Multi-Currency Account
What You Get
- Named accounts in your own name, each with its own local IBAN and account number.
- Receive, hold, convert and pay out in 35+ currencies from one place.
- No setup or maintenance fees. You are not charged to hold the account.
- Conversion on your timing, at an average margin of 0.5 to 0.7% rather than a bank’s hidden rate.
- A dedicated account manager, not an app support queue.
- Paid like a local in each currency, so clients, platforms and marketplaces settle with you easily.
The Currencies
BLK.FX supports 35+ currencies for holding, converting and paying, covering all the major world currencies and many others besides. You hold each one in its own named account, move between them when it suits, and pay out in local currency so the money reaches its destination in full. If you need a specific currency, confirm it on the call and we will let you know.
Who It's For
- Businesses taking revenue in more than one currency, such as ecommerce brands, exporters and agencies with overseas clients.
- Companies paying and getting paid across borders that would rather hold currency than convert on arrival.
- Private clients, investors and family offices managing money across several currencies.
- Anyone tired of losing on every conversion into a single sterling account.
The private client and family office side matters here. Most multi-currency accounts are built for companies alone. BLK.FX extends the same named accounts and dedicated service to individuals managing wealth across currencies, which is a genuinely underserved need.
How It Works
- Open your accounts. Named, in the currencies you need, each with its own IBAN and a dedicated manager.
- Receive and hold. Get paid in each currency and hold the balance for as long as you like.
- Convert and pay when it suits. Move between currencies and pay out at a transparent margin, on your timing, not the bank’s.
Why Multi-Currency With BLK.FX?
Named Multi-Currency Accounts
Accounts in your own name, with local account details available across key currencies
No Setup Or Maintenance Fees
Hold the currencies you need without paying simply to keep the account open.
Hold Before You Convert
Keep foreign currency balances and choose when you want to exchange them.
35+ Currencies
Receive, hold, convert and pay across the currencies your business uses internationally.
A Dedicated Account Manager
A real person who knows your account and is there when you need help.
The Right Infrastructure for Your Business
We’re not tied to a single platform or provider. BLK.FX works across a trusted network to give clients the accounts, currencies and payment capabilities their business needs.
Our network includes:
- Tier 1 FinTech platforms
- Electronic Money Institutions (EMIs)
- Liquidity providers and FX brokers
- Global payment and banking partners
This gives you:
- Access to accounts across multiple currencies
- Secure infrastructure for holding and moving funds
- Flexibility as your international requirements change
- A setup tailored around how your business operates
Here is what our clients say about us
Saves fees
Ben is really good at getting on top of problems and saved me a lot of unnecessary fees in my first payments overseas to the us.
Ben is fantastic and very personable
Ben is fantastic and very personable. His weekly updates via email keep me informed and up-to-date
Great new FX/banking offering
BLK has been of a very valuable banking / FX partner to our company, which is in an upstart phase. The customer service in particular has been superb, and I have found our interactions with the BLK team to be very professional. The platform is very intuitive to us and one we make use of daily. Would highly recommend.
BLK.FX always go above and beyond
BLK.FX always go above and beyond. Their print service and attention to detail is second to none.
Made my international transactions so easy!
I use the currency accounts provided by BLK.FX for all my international revenue and payments. It’s an absolute pleasure to work with Ben and the team, I would certainly recommend the service to anyone working with multiple currencies. Consistently had a wonderful experience better and cheaper than any high street bank or financial institution.
Blk offers exceptional service
Blk offers exceptional service and bests all other FX rates I have access too. Great service and support.
Highly recommended, have worked with since 2017
Have dealt with Ben for a number of years – good guy and provides a great service. Recommended.
Great platform
Been using BLK.FX for all my international payments for a while now. Excellent user interface, easy reporting, support and timely payments. All I need to support my fx smoothly.
A disruptor to the normal banking world
a breath of fresh air to the banking world, a disruptor of the best kind. Love the service, speed, efficiency and rates
Fantastic service even better rates
Fantastic service, really responsive in an ever changing world of currency. It is so important that we are able to obtain the best rate’s possible and we are doing that consistently with every trade.
Game changer for me
Game changer for me, absolutely love the set up and the service – speed is just stunning and top drawer….. i dont bother with private banking anymore
Amazing service from BLK.FX
I received amazing service from BLK.FX. My exchange rates where far better than my bank and my payment was received in Spain within 15 minutes. Highly recommend!
Extremely clear and professional…
Extremely clear and professional advice. Very efficient if i needed anything done. Great costumer service and all in all just a pleasant and easy time.
