Foreign currency accounts
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By moving forward with the application you ensure that you have read and approved 24Money account General and special terms and conditions and our prices.
Easier payment in foreign currency
Do you import or export and receive payment or pay in foreign currency? Apply for 24Money Foreign currency account and get better exchange rates. We offer foreign currency accounts in most currencies.
Foreign currency accounts are accounts linked to your 24Money Payment account in one or more currencies. With foreign currency accounts you do not have to convert incoming and outgoing payments to Swedish kronor, but can keep your funds in the relevant currency and thus reduce your currency risk. The funds can then be used to make payments in the currency. To open a foreign currency account you must apply first for a 24Money Payment account Business. Now you can open as many foreign currency accounts you like. Foreign currency accounts can only be used for electronic payments.
Foreign currency accounts suit companies which:
- Trade in foreign currency
- Sell goods and services in foreign currency
- Buy goods and services in foreign currency
- Receive payment in foreign currency
- Have assets in foreign currency
- Want to keep funds in foreign currency
Trading in foreign currencies always involves a certain currency risk. With foreign currency accounts, you can, however, reduce your currency risk, avoid converting Swedish krona to foreign currency and vice versa, and easily manage payments in Sweden and overseas.
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