Multi-currency accounts
Open a Global Business Account and make international payments easy.
Quick and easy access to 30+ currencies.
Expand your business globally while managing finances as if you were in your home market. Instantly issue an SGD account, and hold, pay, and receive money in over 30+ currencies. Access local account details for AUD, USD, CAD, EUR, GBP, and SGD.
Keep multiple currencies in your Global Business Account and convert them when exchange rates work in your favour — like SGD to USD — all with low OFX fees, giving you more control over your transactions.
Manage multiple currencies from one powerful platform.
Win back the minutes in your day by managing all your multi-currency transactions in one place, giving you clear oversight of your spending and balances, no more juggling different platforms. All your funds are safeguarded with DBS Bank and other international banks for added peace of mind.
Skip long bank lines and bypass the hassle and expense of opening a business bank account, even if you don’t have a physical office in that country.
Save money on international payments.
Are you losing money on international transaction fees? Convert your international revenue to your home currency and save your hard-earned profits.
With local account details in SGD, USD, EUR, AUD, CAD, and GBP, get paid or receive funds in the markets you operate with no international transaction fees and competitive exchange rates.
Save time by paying bills and invoices directly from your currency accounts.
Pay local and international bills and invoices directly from your OFX Global Business Account. Save time converting currencies and reduce FX costs with our competitive rates.
Convert funds when the rates are in your favour and hold them until you’re ready to pay, giving you greater control over your finances.
Boost your business with smart automation.
Save time on admin tasks and focus on what matters most. With our Accounts Payable Automation, you can reduce manual data entry using built-in AI for seamless invoice data capture.
Effortlessly streamline your FX payments by bundling transactions and saving money on international transaction fees while keeping your accounting records up to date in real-time.
How to create your multi-currency business accounts.
- Start your OFX Business registration online
Create your account in minutes. - Identify verification
Get verified with your ID by our team. - Add money
Add money in the currencies you want. - Start making payments
Start spending in 30+ currencies and 180+ countries.
Hold, pay, and receive money in over 30+ currencies with OFX.
Benefits of your
multi-currency accounts.
Take control of your international payments with a Global Business Account. Stop overpaying and start optimising your currency needs today.
Open domestic and foreign currency accounts.
Hold, pay, and convert funds in 30+ currencies when the rates are in your favour.
Make instant transfers between your multi-currency accounts at great FX rates.
Issue multi-currency corporate cards in seconds (coming soon).
Pay invoices, taxes, bills and receive payments in one dashboard.
Integrate with accounting software like QuickBooks Online and Xero.
Clients love us. Here’s why.
PlasmaLeap CFO, Nick Bishop
Significant cost savings on FX transactions
“On our international payments, we’ve very quickly earned back the platform fees… cost recovery is extremely quick on the platform by just a few FX transactions. ”
Create your Global Business Account today
Low OFX fees on FX transfers.
Say goodbye to hidden fees and maximise your international payments. Keep more of your funds where they belong — in your pocket.
Multi-currency accounts FAQs
Is the OFX Global Business Account a bank account?
The OFX Global Business Account is not a bank account. It is a virtual global business transaction account and a non-cash payment facility. The account enables you to receive, manage, pay and spend in 30+ currencies by opening multiple currency accounts within our platform.
Please note: sole proprietors will be onboarded on Personal accounts.
My bank offers a multi-currency account, what’s the difference?
Your bank’s multi-currency accounts may not be issued in the country of the currency, e.g. a SGD account issued in Singapore. Using accounts held in the local country means you can enjoy the benefits of being able to spend and pay like a local in domestic currency with no international transaction fees.
How many currencies can I manage with the OFX Global Business Account?
With the OFX Global Business Account, you have the ability to create multi-currency accounts in 30+ currencies. Your customers can also pay into any of these accounts. Six of these accounts SGD, USD, EUR, AUD, CAD, and GBP also allow you to hold local details for your convenience.
What are the benefits of having multiple currency accounts for my business?
Having multiple currency accounts allows you to save money by converting your local currency to foreign currencies when the exchange rates are beneficial to you. You can hold those currencies in your account and choose when to use it at your convenience.
Plus, having multiple currency accounts allow you to receive payments or get paid in different foreign currencies quickly and seamlessly. The OFX Global Business Account allows you to do all the above in one platform.
What is the benefit of having a multi-currency card for my businesses?
A dedicated corporate multi-currency card could help you save more with lower or no international transaction fees.
If you spend abroad or buy anything online in a foreign currency with a debit or credit card attached to a bank or financial institution, you could be charged an international transaction fee.
Our Corporate Card (coming soon) is directly linked to the currency accounts sitting within your OFX Global Business Account.
This means when you spend overseas or make an online purchase in a foreign currency the payments can be made in the same currency as the merchant, without incurring international transaction fees.
Additional benefits of an OFX multi-currency card includes the ability to assign cards to employees and set spending limits for teams or projects, to prevent out of budget spending.
Manage all your currencies in one simple account.