Maximize global business potential with a multi-currency account
In the ever-expanding global marketplace, businesses need flexible financial solutions to manage international transactions efficiently. A multi-currency account for business provides a seamless way to send and receive payments across borders, reducing the complexities of currency exchange and minimizing costs. Whether you’re a small business owner, entrepreneur, or part of a larger corporation, Satchel multi-currency accounts offer the tools needed to thrive in an interconnected world.
Why your business needs a multi-currency account
Opening a multi-currency account for business allows companies to hold, manage, and transact in multiple currencies from a single account. This eliminates the need for multiple accounts in different countries, streamlining your financial operations. With Satchel’s multi-currency business accounts, you gain access to over 20 currencies, including EUR, USD, GBP, and many more, enabling your business to operate smoothly across various markets.
Key benefits for different business types
Let’s explore how different businesses can benefit from a multi-currency account in the following table:
| Business type | Key benefits of multi-currency accounts |
| Import/export | Leverage favorable FX rates and streamline cross-border transactions. |
| E-commerce | Simplify payments for international suppliers, partners, and customers. |
| Consulting/marketing | Efficiently manage revenue and expenses in multiple currencies, minimizing conversion costs. |
| Travel and hospitality | Manage global payments with ease, providing seamless service to international customers. |
| Cross-border trade | Optimize financial strategies with efficient international transactions. |
Secure and flexible online operations
Satchel multi-currency business accounts simplify international transactions and provide a high level of security and flexibility. Each account is backed by robust security protocols, including 3D Secure, two-factor authentication (2FA), and compliance with AML regulations, ensuring your business funds are safe. Additionally, businesses can manage their accounts through Satchel intuitive mobile app or web client office, offering real-time access to financial data and live customer support.
Expand your global reach
By opening a multi-currency business account, you unlock the potential to tap into new markets across Asia, Europe, Latin America, and beyond. With the ability to transact in over 100 countries, Satchel multi-currency accounts empower businesses to grow their international presence, offering competitive FX rates and a transparent fee structure that guarantees no hidden charges.
Frequently asked questions (FAQ)
1. What is a multi-currency business account?
A multi-currency business account allows companies to hold, manage, and transact in different currencies from a single account. This simplifies global operations and reduces the need for multiple accounts across various countries.
2. How does a multi-currency business account work?
Multi-currency accounts make it easier for businesses to manage international payments. You can deposit, withdraw, send, and receive payments in various currencies, with the option to store funds in their original currency or convert them to another.
3. What documents do I need to open a multi-currency business account?
To apply for Satchel multi-currency business accounts, you’ll need standard documents such as your passport, proof of address, and corporate documents. For a complete list, visit Satchel webpage.
4. Who can open a multi-currency business account?
Any client with a current business account with Satchel can apply for additional multi-currency accounts. New clients must first apply for a SEPA account and complete the KYC procedure before opening multi-currency accounts.
