Multi-currency account provider with USD, EUR & GBP IBANs

A multi-currency account lets your business hold, receive and send several currencies from one account, each addressed by its own IBAN. You keep USD, EUR and GBP balances side by side, and move between them without opening a separate bank account per currency.

This is different from a foreign currency account, which holds a single non-domestic currency. A multi-currency account holds many. Boldrails provides these accounts on one platform: we issue the IBANs and we settle the payments. You get one account, one login, and one compliance layer for every currency you trade in.

Businesses use these accounts to get paid like a local in each market, hold funds until conversion makes sense, and pay suppliers or staff abroad without a wire for every transaction.

We issue the account and the IBANs on the rails of the licensed institutions we are integrated with. One balance holds more than 20 currencies, you convert between them in-platform, and you send and receive with any counterparty bank over SEPA, SEPA Instant, SWIFT and UK Faster Payments.

UK searches for a multi currency bank account almost always come from one of two places: a business that has started invoicing in euro or dollars and does not want a separate account for each, or a business a bank has already declined or is taking months to onboard. Both end up in the same category, because the providers that move quickly in this market are e-money institutions rather than high-street banks.

That is a description of how the category works in the United Kingdom, not a claim about who we are. In the UK the account and the IBANs are issued through the licensed institutions we are integrated with, and the regime that governs them is the electronic money and payment services framework rather than the banking one.

A virtual IBAN is an IBAN-format identifier that redirects payments to a master account, and to a third party it looks like any standard IBAN. You give each client, currency or entity its own reference, and inbound funds reconcile automatically to the right ledger. We issue them as multi-currency virtual IBANs, so one client reference can receive more than one currency.

For treasury and finance teams, virtual IBANs solve reconciliation at scale. Every payer gets a unique reference, so you stop matching bank statements by hand. Where you need programmatic control, our platform can create virtual IBANs, fire webhooks on inbound funds, and expose the data over ISO 20022 messaging that your systems already understand. Banking is a dashboard-first service; the payment gateway carries the developer API.

The record names the recipient and the masked account number, the receiving bank, the payment method, the account the money came from, the date and time, the status, the amount and currency, and whatever label you applied to the payment. That is the document an accounts-payable team asks for, and it is generated rather than requested.

The four stages a transfer passes through are Requested, Accepted, Processing and Executed, each stamped with a time. Knowing which stage a payment sits at is usually the whole question: a payment in Processing is with the rail, and a payment showing Executed has left the account. We publish no timing promise for any rail, because the rail controls that and we do not.

The same record is what an auditor asks for at year end, which is why it is worth keeping the label field honest at the point of payment rather than reconstructing it in a spreadsheet six months later.