What is a multi currency account and would it save me time and money compared to trading in foreign exchange market?

Multi-currency account is as the name suggests, it would allow the owner to hold more than one type of currency in the account. At DNBC Financial Group, we provide multi-currency accounts as a feature of current accounts, you will be able to perform any transactions with this account just like your normal current account.

This account would allow you to keep your funds in another currency, it also offers online exchange with a much better exchange rate and reduces the risks from the fluctuation of the foreign exchange market. For example, you can choose to exchange a large amount of funds for safekeeping when the exchange rate is favourable and use this fund later when you need to without the need to exchange it for every transaction. Another advantage is that you will be able to pay deposits into your account in another currency and keep them there for future usage like travelling or online shopping without the need to convert it to a base currency.

All these benefits can be achieved with just one click of the button, please contact our Relationship Manager to open a multi-currency account or to change the base currency of your multi-currency account.