Using foreign currency accounts

Overview

Most corporate banks allow you to hold foreign currencies in foreign currency bank accounts. For example, you could bank with Silicon Valley Bank and have three banks accounts in USD, EUR, and GBP. Holding a foreign currency allows you to send and receive money in that currency more easily, while also avoiding the need to exchange currencies often.

If you have foreign currency accounts that you'd like to connect to Modern Treasury, please ask your account manager to help you get set up.

Supported Banks

We currently support foreign currency accounts at the following banks. If your bank is not listed, we can typically add support in a short timeframe.

Bank

Local payment rails supported

SWIFT wires supported

Bank of America

BECS (Australia)
EFT (Canada)

Yes

JP Morgan Chase

Yes

Silicon Valley Bank

BACS (UK)
SEPA (EU)

Yes


Did this page help you?