Accounts Article
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Accounts Article
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Accounts Article
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How local accounts work
Accounts
Send and receive payments like a local business
A local account, including IBANs in certain markets, allows payments to be processed through a country’s domestic payment system, rather than via international transfers.
Because payments are processed locally, you can pay and receive money in the currency you operate in, without triggering automatic currency conversions or the additional costs associated with international transfers.
For businesses operating internationally, this makes everyday payments simpler. You can hold funds in local currency, pay suppliers, and receive payments as if you were operating locally.
SwissFx provides local accounts in 30+ currencies, all managed from a single account, giving you a clear overview and greater control over your payments across different markets.
How local accounts work
Accounts
Send and receive payments like a local business
A local account, including IBANs in certain markets, allows payments to be processed through a country’s domestic payment system, rather than via international transfers.
Because payments are processed locally, you can pay and receive money in the currency you operate in, without triggering automatic currency conversions or the additional costs associated with international transfers.
For businesses operating internationally, this makes everyday payments simpler. You can hold funds in local currency, pay suppliers, and receive payments as if you were operating locally.
SwissFx provides local accounts in 30+ currencies, all managed from a single account, giving you a clear overview and greater control over your payments across different markets.
How local accounts work
Accounts
Send and receive payments like a local business
A local account, including IBANs in certain markets, allows payments to be processed through a country’s domestic payment system, rather than via international transfers.
Because payments are processed locally, you can pay and receive money in the currency you operate in, without triggering automatic currency conversions or the additional costs associated with international transfers.
For businesses operating internationally, this makes everyday payments simpler. You can hold funds in local currency, pay suppliers, and receive payments as if you were operating locally.
SwissFx provides local accounts in 30+ currencies, all managed from a single account, giving you a clear overview and greater control over your payments across different markets.