Business accounts
Why use multi-currency bank accounts?
Multi-currency bank accounts offer an advantage for businesses when it comes to managing international transactions. By holding multiple currencies within one wallet, businesses can avoid costly currency conversion fees and simplify global payments. Moreover, an international currency account is perfect for international transfers in different currencies and card purchases. The availability of multiple multi-currency bank accounts allows you to separate funds and use them for different purposes.
Business accounts
Expand your company with a multi-currency account
Need to send and receive transfers from business partners or contractors? Multi-currency accounts are perfect for this! Store money in euros, US/Australian/Canadian dollars, pounds, Polish zloty, Swiss franc, Japanese yen, Czech koruna, Hungarian forint, Swedish krona, and Danish krone. Transfer money between multi-currency accounts instantly with only a 1% (for EUR, USD, GBP) and 2% (for PLN, CHF, JPY, CAD, CZK, HUF, SEK, AUD, and DKK) flat overbank currency exchange fee and send international money transfers.
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Check out other benefits of a multi-currency account:
Better money transfers
Send and receive money instantly between Genome’s multi-currency accounts with our in-house transfer feature. You can also use SEPA for international transactions. Save and schedule transfers.
Issue multiple virtual cards
Once you have a business account within Genome, you can apply for a virtual debit card online. Issue multiple virtual cards with ease and use them for different purposes - from paying for business trips to buying media and subscriptions.
Corporate Genome card
Order virtual and physical Visa cards online in minutes and link them to your accounts in EUR, USD, GBP, PLN, CHF, CZK, HUF, SEK, and DKK. Track and be aware of every business transaction with a Genome debit card. Use the cards for online, in-store, and contactless payments.
Team account management
Allow your employees to securely get access to your multi-currency accounts via the shared business account feature so that you can manage them together. Assign your employees different roles and access levels.
International payments
Unlock international transfers with our multi-currency accounts! Access SWIFT, Faster Payments, TARGET2, and other transfer options. Send money to over 40 countries and plan your payments ahead! Track all your payments on the dashboard.
Referral program
Recommend Genome to your friends and business partners with your referral code, and receive the commission fees once they start using their IBANs. Start earning commissions once they begin using Genome’s services.
Business accounts
How to get an additional multi-currency account
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Business services
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What is a multi-currency bank account?
A multi-currency bank account allows users to hold, send, and receive funds in multiple currencies within a single wallet. With Genome, businesses can seamlessly manage EUR, USD, GBP, and other currencies using our multi-currency accounts.
Why use a multi-currency bank account?
A multi-currency bank account helps businesses store money in different currencies and manage international transactions more efficiently. Genome’s multi-currency accounts also allow linking multi-currency accounts to our Visa debit cards, enabling cost-effective purchases.
Can I use my multi-currency account for international transfers?
Yes, Genome’s multi-currency accounts support international transfers (SWIFT), allowing users to send and receive money with ease. Businesses can make payments in multiple currencies to contractors, suppliers, business partners, and more!
How does a multi-currency bank account work?
A person might require a multi-currency bank account to receive and hold payments in multiple currencies at the same time. However, not all traditional banks and payment service providers offer multi-currency bank accounts. This is how it works within Genome: you will first need to open a Euro business account and pass the KYC procedure. Once you are done, you will be able to open more accounts in GBP, EUR, USD, PLN, CHF, JPY, CAD, CZK, HUF, SEK, AUD, and DKK. The process will take seconds to complete! All these are easily manageable from the Genome app or the web browser. You will be able to transfer money between your multi-currency accounts whenever you feel like it. As for merchant services*, you can accept payments in over 20 currencies, which will be converted into the currency of the settlement account you will choose among your EUR, GBP, and USD accounts.
*Please note that Genome’s merchant services have been temporarily unavailable since September 2024.
What is the difference between a multi-currency bank account and a bank account?
The multi-currency bank account is more suitable for businesses that branch out to different countries or get paid in many different currencies. Genome's business account serves as a multi-currency one, as you can receive transfers and store funds in different currencies. With Genome, you can open up to five business accounts in each respective currency: EUR, GBP, USD, PLN, CHF, JPY, CAD, CZK, HUF, SEK, AUD, and DKK.
Who can open a multi-currency account?
Any client that opens a business account within Genome gets access to its multi-currency accounts. All you have to do is join Genome, pass the KYC, and open multiple accounts that can hold different currencies from the dashboard.