Multi currency coverage
Our multi currency accounts are the cats meow. You can open multi-currency accounts for businesses and freelancers in all of our standard markets, and can also open accounts in our non-standard markets with an enhanced use case approval.
More information about our standard markets we open accounts in, non-standard, and the compliance requirements are below.
These accounts are held at major banking institutions such as Citi, JP Morgan, DBS, etc.
These accounts are not FDIC insured, but we think that's irrelevant since they are held at the largest most stable institutions.
The accounts are in your customers name, and have local funding instructions.
Accounts Overview
- Onshore accounts with SWIFT and local rails.
- Local and international funding instructions, including payment reference field for reconciliation.
- Accounts include:
- Unique Account Number
- Named Account
- Local Details (e.g., Sort Code in UK, Transit/Inst in Canada)
- Debits/Credits
- Ledgering via unlimited named accounts (e.g., Routefusion USD 1, Routefusion USD 2, End User CAD 1).
Note: These accounts are not FDIC insured as they are held in safeguarded accounts with Tier 1 banking partners around the world.
Capabilities Overview
| Capability | Currencies |
|---|---|
| Local Pay-In | USD, CAD, MXN, EUR, GBP, HKD, CNH, JPY, SGD, PLN, AED, AUD |
| Named Accounts | USD, CAD, EUR, GBP, MXN, AUD, CNH, HKD, SGD, PLN |
| Local Payout | BDT, CNY, HKD, INR, IDR, JPY, KRW, MYR, PHP, PKR, SGD, THB, TRY, BGR, DKK, EUR, GBP, NOK, PLN, SEK, CAD, MXN, USD, AUD, NZD, ZAR |
| SWIFT Payout | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, AED, BRL, CNY, CZK, DKK, HUF, IDR, ILS, INR, KRW, MXN, MYR, NOK, PLN, THB, TRY, ZAR, BGN, BHD, BWP, CLP, COP, CRC, DOP, EGP, GHS, HNL, HRK, KES, MAD, MGA, MUR, NGN, PEN, PHP, PKR, RON, RSD, SAR, TTD, TWD, TZS, UGX, UYU |