A multi-currency account in your business that grants you access to 38 currencies on key payment networks.
A centralised account in your business name that allows you to manage multiple currencies in one place. Streamline administration, avoid juggling different accounts and simplify global transactions and cash flow.
Multi-currency accounts in your business name provide a seamless solution for managing international payments and collections across multiple currencies. These accounts eliminate the need for maintaining numerous currency-specific accounts, significantly reducing administrative overhead and banking fees.
For companies dealing with global customers and suppliers, Millbank FX helps businesses lower administrative burdens, reduce transaction fees, and improve financial transparency. Faster payments, improved liquidity management, and a professional presence in international dealings make this solution ideal for any business operating in today’s globalised market.
"Utilising the benefits of a named multi-currency account has streamlined our international receivables and transformed our cash flow management. With a dedicated account for multiple currencies, we can now receive payments seamlessly from clients worldwide without the hassle of multiple accounts."
Overview:
Empire Textiles is the UK's largest dedicated African textiles store. Principally sourcing from Switzerland and Italy but selling into the UK market.
The Challenge:
Costs via supplier payments in EUR & CHF
Revenue and commercial costs in GBP & EUR.
Historically operated several individual currency accounts.
Solution:
A centralised muti-currency account in the client’s business name.
Online cash flow management platform to receive and pay across 38 currencies.
Removed necessity to constantly convert currencies thereby reducing costs and increasing efficiency.
Results:
Enhance relationships with customers.
Direct connections to payment networks.
Same day payments in multiple currencies.
Safe, Reliable, and Regulated by the FCA
Millbank FX is authorised by the Financial Conduct Authority (FCA), ensuring your funds are safeguarded with the highest standards of security and reliability.
Safeguarded Funds
Your funds are held in safeguarded accounts, kept separate from operating funds, providing peace of mind with every transaction and an extra layer of security.
Secure and Trustworthy
Our advanced encryption and security protocols protect your data, ensuring every transaction is secure and handled with the highest level of integrity.
FCA Authorised
As a licensed payment institution, we meet rigorous regulatory standards and report to the Financial Conduct Authority (FCA), ensuring robust oversight and compliance.
With Millbank FX You Will:
Schedule Your Consultation
Beyond Multi-Currency Account
By working with us you’ll get access to our full suite of services.
Currency Risk Management
Customised and managed strategies to help you hedge against FX volatility.
International Payments
Ensure smooth global transactions with fast, secure payments across 120+ countries.
Institutional FX Rates
Access institutional-grade FX rates that save your business money on every transaction.
Market Order & Stop Losses
Set pre-determined orders that capture gains and minimise downside.
FX Market Analysis
Leverage cutting edge technology to attain expert market data.
Get in Touch
Contact us to discuss how to protect you, your business and your profits.
