Finance Management

Multicurrency account

Multicurrency account

One Account – 140 Currencies

Multicurrency account

One Account – 140 Currencies

Multicurrency account is a simple way for settlements with contractors all over the world. Bank Handlowy w Warszawie S.A., operating under the Citi Handlowy brand, supports Clients who are engaged in cross-border operations, have plans to win new markets or carry our international trade operations. We offer the possibility to make payments in over 140 foreign currencies directly from PLN, USD or EUR account.


Our solution in short:

  • One account
  • Fast and easy implementation
  • Capability to execute payments in over 140 currencies
  • FX rate transparent and agreed before payment execution


Benefits

  • prompt payments to suppliers in their local currency
  • guaranteed receipt of the exact amount in the local currency by beneficiary
  • cost-free implementation of this service
  • mitigation of currency risk . exchange rate is determined at the time when payment instruction is made
  • no need to open foreign currency accounts or keep funds in local accounts abroad
  • 19 currencies are available via CitiFX Pulse currency exchange platform

Reasons for making settlements in your contractor’s local currency

  • improved business relationship
  • faster settlements
  • possibility to expand your business contacts network
  • easier negotiations of contractual terms thanks to:
    • no currency risk exposure for contractor (exchange rate is not an element of contract negotiations)
    • easier settlements between contractor and local institutions
    • improved process of identification of incoming payments by contractor

Are you interested in our offer?

Are you interested in our offer? Please contact your Relationship Manager. Detailed information can be also obtained from your FX Dealer.


Currencies Available within multi-currency account

AED UAE dirham AUD Australian dollar BDT Bangladeshi taka
BGN Bulgarian lev BRL Brazilian real CAD Canadian dollar
CHF Swiss frank CLP Chilean peso CNY Chinese juan
CZK Czech crown (koruna) DKK Danish krone EGP Egyptian pound
EUR Euro GBP British pound GHS Ghana cedi
HKD Hong Kong dollar HRK Croatian kuna HUF Hungarian forint
IDR Indonesian rupiah ILS Israeli shekel INR Indian rupee
JPY Japanese yen KHR Cambodian riel KRW South-Korean won
KWD Kuwaiti dinar KZT Kazakhstani tenge LKR Sri Lankan rupee
MAD Moroccan dirham MXN Mexican peso MYR Malaysian ringgit
NOK Norwegian krone NZD New Zealand dollar PEN Peruvian sol
PKR Pakistan rupee PLN Polish zloty QAR Qatar riyal
RON Romanian leu RUB Russian ruble SAR Saudi riyal
SEK Swedish krona SGD Singapore dollar THB Thai baht
TND Tunisian dinar TRY Turkish lira TWD New Taiwan dollar
USD US dollar VND Vietnamese dong ZAR South African rand