Best multi-currency account in the UK

Getting a multi-currency account in the UK is a simple solution if you’re an expat, overseas student, frequent traveler or digital nomad. A multi-currency account can also be a neat way to spend less on fees if you shop online with foreign retailers, pay international bills, or run a business trading across currencies.

Multi-currency accounts are available from popular providers like Wise which take the hassle out of managing your money – even when you live an international lifestyle. This guide considers some options for the best multi-currency account in the UK for different customers’ needs.

Quick overview: Best multi-currency accounts in the UK

Let’s dive right in with a quick look at the services we will consider for a smart multi-currency account for personal use, or a multi-currency business account if you deal across currencies with customers, suppliers or contractors based abroad.

• Wise multi-currency account: Accounts for personal and business customers supporting 40+ currencies, with local and SWIFT account details in 8+ currencies to receive incoming payments hassle free.
• Revolut multi-currency account: Covering 30+ currencies for personal or business use, with varied plans which all offer local account details to receive GBP, and SWIFT details for other currencies.
• Airwallex multi-currency account: Business accounts which cover 20+ currencies and come with three different pricing plans to suit everything from a small startup to an enterprise level company
• OFX multi-currency account: Business customers can hold and receive 30+ currencies and send payments to over 180 countries, with corporate card services and dedicated brokers on hand

What is a multi-currency account?

A multi-currency account is an account which lets you hold and manage multiple currencies side by side.

You may be able to open a multi-currency bank account, but in the UK it’s relatively hard to find a flexible bank product which lets you hold currencies side by side if you’re an individual customer. Services for multi-currency handling tend to be more common for larger businesses instead.

As an easier option you can get a free multi-currency account for personal use or a multi-currency business account from dedicated digital providers like Wise. We’ve covered some great options for a UK multi-currency account in this guide.

How does a multi-currency account work?

A multi-currency account allows you to hold many different currencies in the same account. This is helpful as you can receive payments in one currency, and then decide to hold the funds or convert them to another currency all within the same account. You can also use your multi-currency account to send payments conveniently in different currencies, and in many cases to spend with a linked debit card.

Overall if you’re using different currencies often, having a multi-currency account is a smart way to cut out unnecessary conversion fees – leaving you with more to spend on yourself.

Comparison of the best multi-currency accounts in the UK

Here’s a side by side comparison of the best multi-currency accounts in the UK – with more important details about each coming right up afterwards.

Provider	Annual/monthly fee	Currencies available	Trustpilot rating
Wise	No annual or monthly fee	40+	4.3
Revolut	Individual customers: 0-55 GBP Business customers : from 0-90 GBP	25+	4.6
Airwallex	Business customers only 0-999 GBP	20+	3.4
OFX	Business customers only 0-125 GBP	30+	4.3

The multi-currency accounts featured in this guide were selected based on their availability, features, fees, and usability for individuals and businesses in the UK.

Wise

Wise accounts are available for personal or business use and can be set up entirely from home, online or via the Wise app. Use your account to hold 40+ currencies and exchange between currencies at the mid-market rate with low, transparent fees. You can also use your account to send money to 140+ countries, and receive payments with local account details for 8+ currencies and SWIFT details for 20+ currencies. If you travel often or shop online in international retailers, your Wise debit card can keep down costs on spending and withdrawals, too.

• Account opening fee: No fee for individual customers; 50 GBP fee for business customers to get full account access
• Exchange rates: Mid-market exchange rate, plus a transparent fee starting from 0.33%.
• Local account details: AUD, CAD, EUR, GBP, HUF, NZD, SGD, TRY, USD

* Information is correct as of 12 Mar 2026

Revolut

Revolut offers 5 different personal plans and 3 off the peg business plans plus custom made options for enterprise level customers. Personal customers options include Standard plans with no monthly fees or upgraded accounts with more features for up to 55 GBP/month. All of the accounts let you hold and exchange 25+ currencies, use your debit card for spending and withdrawals worldwide, and access local account details for GBP with ways to receive other customers using SWIFT details instead.

• Account opening fee: No fee
• Exchange rates: For personal customers, weekday currency exchanges use the Revolut rate within plan limits, with fair usage fees of up to 1%. Weekend exchanges may incur an additional fee of up to 1%. Business customers receive the mid-market rate plus a 0.6% fee for exchanges above fair usage on weekdays, and a 1% markup on all exchanges made during weekends.
• Local account details: GBP.

Airwallex

Airwallex is a popular business account provider, particularly for digital business owners who are looking to take online payments with cards and bank transfers. You can receive 20 currencies easily, with a selection of account plans from 0 GBP monthly to a full features account costing 999 GBP a month which is targeted at large business customers. Currency exchange has a variable fee of 0.5% – 1%.

• Account opening fee: No fee
• Exchange rates: 0.5% fee added to rates for major currencies and 1% for other currencies
• Local account details: 20 currencies including GBP, EUR, USD and AUD

OFX

OFX Global Business accounts offer different account plans plus the option for larger companies to create a custom plan by contacting OFX. There’s no monthly fee for a basic plan covering 2 users or you can trade up to a Full Suite Plan (125 GBP/month) which has extra features to let you run your business with a lower admin burden.

• Account opening fee: No fee
• Exchange rates: OFX customer rate.
• Local account details: EUR, GBP, USD, CAD.

Writer’s tip: how to choose the best multi-currency account?

The best multi-currency account will depend on your own unique needs. The good news is that the UK market is quite well served for digital multi-currency account options – but that also means you need to consider a few to pick the right one for your own personal or business use:

Here are some things to be aware of when choosing a multi-currency account:

• Check the currencies available match your needs now and for the future
• Look for an account with the lowest possible maintenance fee for the features you value
• Consider fees and charges for currency exchange and transfers
• Check if you can get a debit card for spending and withdrawals
• Look out for limits on transactions or monthly usage
• Make sure you like the user interface and the provider has a good reputation for customer service

How to open a multi-currency account in the UK

The process to open a multi-currency account in the UK does vary but the providers we’ve picked out for this guide all offer remote account opening which is convenient and fast. You’ll need to download an app or visit the provider’s website to sign up, providing your personal information and then some paperwork according to the account type you want to open.

To open a personal account, you usually need to provide:

• A valid passport or other government issued photo ID
• Proof of address (such as a utility bill, rental contract, or bank statement)

To open a business account, you may need to provide the above, as well as:

• Business name and type
• Official registration number
• Registered and trading addresses
• Details about business activity and source of funds
• Information and documents for key people, such as directors and owners

What is the eligibility for a multi-currency account?

Eligibility requirements vary, but normally you must be 18 years old now and have documents to show your ID and residence. This is to allow the account service to complete legal checks on your account, and to keep your money safe. Additional requirements are likely to be in place for business customers such as business type and industry checks.

Pros and cons of a multi-currency account in the UK

Before you decide to open an account, take some time to weigh up the pros and cons of a multi-currency account in the UK:

Pros	Cons
Use a single account to hold, convert, and spend multiple currencies Minimise conversions and pay less in exchange fees Get local account details to receive payments in a selection of currencies Spend and withdraw around the world with a linked debit card Send money globally often with low fees and fast delivery times	Monthly maintenance or plan fees can apply Currency conversion costs can creep in No branch network if you pick a digital provider

Multi-currency account fees

Before you open a new multi-currency account in the UK you’ll need to review the fees and charges which can apply. These may be very different to your regular current account. Look out in particular for the following:

• Monthly or sign up fee: Some accounts charge a monthly fee and some have a one off charge when you open your account
• Currency conversion fee: Switching from one currency to another can involve a fee which might be hidden in the exchange rate or split out for greater transparency
• Transfer fee: Costs can depend on the currency, destination, or payment method and may be a flat fee or a percentage
• ATM withdrawal fee: Using a debit card to withdraw cash may incur a fee, especially for withdrawals in foreign currencies or beyond a certain monthly limit

What are multi-currency accounts used for?

Multi-currency accounts are useful for both personal and business use. If you live an international lifestyle they’re particularly helpful and can bring down the costs of common transactions. Here are a couple of common uses:

Frequent travellers or expats: If you’re a frequent traveler or living abroad, having multiple currencies in one account lets you plan your budget better, and can reduce the number of conversions you need to make – cutting costs in the end

Business owners or freelancers: People sending or receiving payments for business can use a multi-currency account to connect with customers or employers more easily. Send and receive payments in multiple currencies and allow your customers or clients to decide on their own transaction currencies.

Are multi-currency accounts safe?

Choose a multi-currency account from a reputable provider which has a good reputation and strong security measures in place.

As many providers of multi-currency accounts are digital first services you may find there are very strong security measures built into your account app, such as 2 factor authentication, transaction notifications and ways to freeze your card. This can offer peace of mind and make it easier to manage your finances securely day to day.

Conclusion

Multi-currency accounts that let you hold, convert, send, and receive money in multiple currencies can be particularly helpful if you’re an expat, overseas student, frequent traveler or digital nomad. Different accounts offer their own features and fees to suit different customer niches, so comparing a few is important to pick out the best account option for your own unique needs.

While you research your options check out digital providers like Wise, to receive payments in 20+ currencies, hold and manage 40+ currencies, and convert funds at the mid-market exchange rate, with low transparent fees.

FAQs

Can I open a multi-currency account in the UK?

Yes. You can open a multi-currency account in the UK from a digital provider like Wise. Banks may offer some options for multi-currency accounts but they’re often less flexible and targeted at business use primarily.

How much does it cost to open a multi-currency account?

There’s often no fee to open a multi-currency account in the UK although monthly charges may apply to some accounts. Shop around to find the best fit for your needs.

Which is the best multi-currency account?

There’s no single best multi-currency account in the UK – some products are best for business use while others are for travel spending and day to day personal money management. Compare options like Wise for a flexible account to support 40+ currencies side by side.

What is a multi-currency account with IBAN?

A multi-currency account with IBAN is an account which lets you receive payments and hold them in many different currencies all in one account. This can be helpful for travellers, international students and business customers.

Useful resources (Checked 26th January 2026)

• Wise – Wise landing page with details of account, card and payment services
• Revolut UK – Revolut account landing page with links
• Airwallex – Business account services covering multiple currencies
• OFX – Global Business Account landing page