Bank Solutions

Payments & FX

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Taking payments, sending money abroad, multi-currency accounts and what they really cost.

Payments & FX

Multi-currency business accounts and FX fees: how UK small businesses pay and get paid abroad

What a multi-currency account is and how it differs from a sterling account with international payments, how exchange-rate mark-ups work against the mid-market rate, why SWIFT costs more than SEPA or ACH, how receiving with local account details works, and what a percentage above the mid-market rate costs in pounds - with the providers' own published figures.

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