Multi-currency account with USD, EUR & GBP IBANs
Boldrails is a licensed principal provider of multi-currency accounts. We issue EUR and GBP IBANs plus USD accounts, move money over SEPA and SWIFT, convert between currencies in-platform, and settle in minutes, not days. We serve high-volume and high-risk businesses, with onboarding in 3 to 14 days, depending on your case.
- EUR and GBP IBANs plus USD accounts
- SEPA and SWIFT, settlement in minutes
- Native fiat and stablecoin ramp
Last updated: 6 July 2026
What it is
What is a multi-currency IBAN account?
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 as principal: we issue the IBANs and we settle the payments ourselves. 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.
Currencies and IBANs
What currencies and IBANs do we provide?
We issue EUR and GBP IBANs, and USD accounts with local routing and account details, plus more currencies on request. The United States does not use the IBAN standard, so USD runs on ACH routing and account numbers rather than an IBAN. Local bank details are the feature operators ask for first: they cut the fees and delays of cross-border wires.
| Currency | Account identifier | Local bank details | Primary rail |
|---|---|---|---|
| EUR | Dedicated or virtual IBAN | Yes (SEPA reach) | SEPA / SEPA Instant |
| GBP | Dedicated or virtual IBAN | Yes (UK sort code + account) | Faster Payments |
| USD | Local routing + account number | Yes (ACH details) | ACH / wire |
| More on request | Virtual IBAN | Varies | Local rails / SWIFT |
We provide two IBAN types. A dedicated IBAN is a real account in your business name. A virtual IBAN is an IBAN-format identifier mapped to a master account, useful when you need a separate reference per client, per currency, or per brand. We confirm your exact currency list during onboarding, based on the corridors you trade in.
Rails
SEPA and SWIFT: how we move your money
We move your money over the rails that fit each currency, and we pair legacy cross-border networks with instant local rails so payments do not wait. Euro payments run over SEPA. Cross-border and non-euro payments run over SWIFT. Sterling runs over Faster Payments. Settlement windows below are indicative and vary by corridor.
| Rail | Currencies | Settlement window |
|---|---|---|
| SEPA Credit Transfer | EUR | Same or next business day |
| SEPA Instant | EUR | Seconds, 24/7 |
| SEPA Direct Debit | EUR | Scheme-timed |
| Faster Payments | GBP | Seconds to minutes |
| SWIFT | Cross-border, non-euro | Typically 1 to 2 business days |
| ACH / wire | USD | Same or next business day |
SWIFT is the legacy correspondent-banking network, and it can be slow. We use it where it is the only route, and we settle over instant local rails wherever the currency and corridor allow. SEPA Instant credits a euro payment within 10 seconds under the European Payments Council scheme, and high-value euro settlement can route over T2, the Eurosystem's real-time gross settlement system that replaced TARGET2 in March 2023. That is how a euro payment can credit in seconds rather than days.
Sources: European Payments Council (SEPA Instant scheme); SWIFT; Pay.UK (Faster Payments)
FX and settlement
In-platform FX and settlement in minutes
Our settlement engine follows one flow: Collect, Hold, Convert, Distribute. You collect in the currency your customer pays, hold the balance in-platform, convert when the rate suits you, and distribute to suppliers, staff or your own accounts.
Currency conversion happens in the same account: no separate FX broker, no extra transfer. The headline is speed. We settle in minutes, not the T+2 of traditional correspondent banking, because we hold the balances and move them over instant rails. A euro payout over SEPA Instant credits in seconds. You can also hold a balance and convert later, so a strong week for one currency does not force a same-day conversion.
FX runs at competitive rates with custom pricing. We quote your rate during onboarding, based on volume and corridor, so contact us for a quote rather than a generic rate card.
Virtual IBANs and API
Virtual IBANs and the accounts API
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.
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.
Sources: European Banking Authority, Report on Virtual IBANs (EBA/Rep/2024/08, May 2024); Ganado Advocates (legal summary of the EBA virtual IBAN report)
Crypto rail
Fiat and stablecoin on/off-ramp
Stablecoin is a native rail for us, not a bolt-on. You move between fiat balances and USDT or USDC inside the same account, and you settle either way. Collect in euro and pay out in USDC, or collect in stablecoin and settle to a GBP IBAN.
This is the split from Wise, Airwallex and other multi-currency providers: they stop at fiat. We treat crypto-fiat settlement as part of the account, so treasury teams working across both do not need a separate desk. See our crypto-fiat settlement service for how the on and off-ramp works.
Who it's for
Who it's for, and how your funds are protected
We build for high-volume and high-risk businesses: forex and CFD brokers, crypto firms, cross-border e-commerce, and the treasury and finance teams that run them. We also accept operators that many electronic money institutions decline. If you are a low-volume domestic-only business, a high-street bank account will cost you less than we do, and we will say so.
- Forex and CFD brokers
- Crypto and digital-asset firms
- Cross-border e-commerce
- Treasury and finance-ops teams
Your funds are safeguarded. Client money is held segregated or insured, which is different from bank deposit protection. In the UK and EU framework, e-money is not covered by FSCS-style deposit guarantee schemes, so the £85,000 FSCS limit that applies to UK bank deposits does not apply to e-money balances; the exact protection depends on your jurisdiction. Boldrails is a licensed principal and holds the necessary licences required in the markets we serve. We operate within the EU e-money regime, UK electronic money and payment services rules, and US money-transmission frameworks. Onboarding takes 3 to 14 days, depending on your case.
Sources: FCA (safeguarding for e-money institutions); FSCS.org.uk (e-money and FSCS protection)
Compare
How our multi-currency account compares
Most providers give you currencies and local details. Few accept high-risk operators, and none of the mainstream names settle in stablecoin as a native rail. Here is the honest picture, including where competitors beat us.
| Provider | Currencies | IBAN type | Rails | Settlement | High-risk accepted | Native stablecoin |
|---|---|---|---|---|---|---|
| Wise Business | 40+ hold | Local details incl. EUR IBAN | SEPA, SWIFT, local | Fast, varies | No | No |
| Airwallex | 60+ hold, 20+ local | Global Accounts, dedicated numbers | Local clearing, SWIFT, SEPA | 0 to 1 day | Limited | No |
| Genome | 12 | IBAN accounts | SEPA, SWIFT, Faster Payments, T2 | Instant in-network | Not stated | No |
| Currenxie | 20+ | Local accounts / vIBANs | SWIFT, local | Varies | Some appetite | No |
| ClearJunction | GBP/EUR focus | Dedicated + virtual IBANs | SEPA, SWIFT, Faster Payments | Fast | Yes | Crypto-adjacent |
| LHV | EUR-centric | IBANs, vIBAN issuance | SEPA Instant, SWIFT | Fast | B2B/fintech | No |
| Boldrails | USD/EUR/GBP + more | Dedicated + virtual | SEPA (incl. Instant), SWIFT, local | Minutes, not T+2 | Yes | Yes |
Boldrails is the multi-currency account that pairs SEPA and SWIFT with a native fiat-to-stablecoin ramp and accepts high-risk operators most institutions decline, settling in minutes rather than T+2.
Wise wins on transparent, published mid-market pricing. Airwallex wins on the sheer number of local accounts. We win on high-risk acceptance and native stablecoin settlement, the combination no incumbent matches. Competitor details are taken from public provider pages, extracted July 2026.
Open your multi-currency account
Tell us your currencies, corridors and monthly volume. We underwrite your business directly and get you live in 3 to 14 days, depending on your case.
FAQ
Multi-currency account questions
Last updated: 6 July 2026