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Foreign Currency Account

Pay and collect in a foreign currency

Foreign payments in the same foreign currency

Request directly (NL)
Request directly (NL)
  • Easily doing business across and beyond Europe 
  • Pay and receive money in the same foreign currency 
  • Assortment of many different foreign currencies

Easily doing business across and beyond Europe

Choose the foreign currency in which you want to do business with your trading partner. Save time and money by avoiding currency exchange. You decide when you want to change your foreign currency back to the Euro. 

Find the overview of the daily and monthly current base rates (in Dutch).

Benefits

A strong negotiating position

You can negotiate better prices because the exchange risk does not need to be passed on to you

Reduced transaction costs

There is no need for currency conversion

Move your money faster

Faster processing of transactions by trading in the relevant currency directly
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Assortment of 23 foreign currencies

For 23 common currencies, you can open an account directly online. Are you missing a currency type? Contact your business advisor about the possibilities.

You can also open an account for the Renminbi online. An additional advantage is that a Renminbi account gives you access to the majority of Chinese companies that are not allowed to trade in dollars.

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Interest rate- and currency risk

A Foreign Currency Account exposes you to interest rate- and currency risk. The value in Euro will always depend on the exchange rate, and interest rates on a Foreign Currency Account may vary per month. The value in Euro will always depend on the exchange rate. We have several risk management solutions available.

Foreign Exchange Management
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Currency Conversion

With the Currency Conversion functionality in Internet Banking Business, you can easily convert money between your accounts into different currencies. Real-time exchange rate information is used for Currency Conversion, and you always convert at the current exchange rate. You can carry out Currency Conversion transactions online 5 days a week, 24 hours a day.

Currency Conversion
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Features

This is a Foreign Currency account

A payment account in a single foreign currency. You can make and receive payments in this currency. A Foreign Currency account is suitable for companies with a business payment account at ABN AMRO who do business internationally. 

Do you regularly receive and pay in four or more different foreign currencies?

Then a Franx multi-currency account can be an attractive solution. This multi-currency account allows you to manage 33 currencies on one account (IBAN).

These currencies are part of a Foreign Currency Account

You can open an account online in one of these currencies:

  • USD - American dollar
  • GBP - British pound
  • AED - Dubai dirham
  • AUD - Australian dollar
  • CAD - Canadian dollar
  • CHF - Swiss franc
  • CNY - Chinese renminbi
  • CZK - Czech koruna
  • DKK - Danish krone
  • HKD - Hong Kong dollar
  • HUF - Hungarian forint
  • JPY - Japanese yen
  • ILS - Israeli new shekel
  • MXN - Mexican peso
  • NOK - Norwegian krone
  • NZD - New Zealand dollar
  • PLN - Polish zloty
  • RON - Romanian leu
  • SEK - Swedish krona
  • SGD - Singapore dollar
  • THB - Thai baht
  • TRY - Turkish lira
  • ZAR - South African rand

Do you regularly receive and pay in four or more different foreign currencies?

Then a Franx multi-currency account can be an attractive solution. This multi-currency account allows you to manage 33 currencies on one account (IBAN).

Interest
  • View the current base rates on which credit and debit interest rates are based.
  • The interest rate for a number of currencies is linked to a base rate. Base rates can be negative. In these cases, you may be required to pay interest on your credit balance in this currency, instead of receiving interest.
  • The interest is calculated daily. If interest is due, we will settle interest with your account at the end of each quarter.
  • See the interest rates over the last 7 years.
Charges
  • The use of this account is subject to the business payment charges (in Dutch).
  • These charges will be deducted from your corporate payment account.
  • If you receive printed account statements, you will pay the postal fees.
Terms and Conditions

Download the terms and conditions.

On our Product Terms and Conditions (in Dutch) page you will find a clear overview of our business product terms and conditions.

Risks

Holding funds in foreign currency exposes you to risk. The counter value in Euro depends on the exchange rate. Also, the interest rate on a Foreign Currency Account may vary each month. Changing exchange rates may adversely affect your operating results. Do you want to hedge currency risks? We offer currency management solutions that allow you to protect your company against adverse currency movements.

Pay and collect in a foreign currency
  • With the use of Internet banking you can pay and receive money in a foreign currency. You cannot withdraw or deposit cash. 
  • Incoming and outgoing payments are always in the currency of the account.
Deposit Guarantee Scheme

Balances on this account fall within the scope of the Deposit Guarantee Scheme. This means that balances of up to €100,000 per account holder are guaranteed. For more information about the deposit guarantee schemes and the cover they provide, please refer to the Deposit Guarantee Scheme information sheet.

Questions or looking for advice?

Want to find out more about a Foreign Currency Account? Please contact a business advisor.

Features

This is a Foreign Currency account
These currencies are part of a Foreign Currency Account
Interest
Charges
Terms and Conditions
Risks
Pay and collect in a foreign currency
Deposit Guarantee Scheme
Questions or looking for advice?

This is a Foreign Currency account

A payment account in a single foreign currency. You can make and receive payments in this currency. A Foreign Currency account is suitable for companies with a business payment account at ABN AMRO who do business internationally. 

Do you regularly receive and pay in four or more different foreign currencies?

Then a Franx multi-currency account can be an attractive solution. This multi-currency account allows you to manage 33 currencies on one account (IBAN).

These currencies are part of a Foreign Currency Account

You can open an account online in one of these currencies:

  • USD - American dollar
  • GBP - British pound
  • AED - Dubai dirham
  • AUD - Australian dollar
  • CAD - Canadian dollar
  • CHF - Swiss franc
  • CNY - Chinese renminbi
  • CZK - Czech koruna
  • DKK - Danish krone
  • HKD - Hong Kong dollar
  • HUF - Hungarian forint
  • JPY - Japanese yen
  • ILS - Israeli new shekel
  • MXN - Mexican peso
  • NOK - Norwegian krone
  • NZD - New Zealand dollar
  • PLN - Polish zloty
  • RON - Romanian leu
  • SEK - Swedish krona
  • SGD - Singapore dollar
  • THB - Thai baht
  • TRY - Turkish lira
  • ZAR - South African rand

Do you regularly receive and pay in four or more different foreign currencies?

Then a Franx multi-currency account can be an attractive solution. This multi-currency account allows you to manage 33 currencies on one account (IBAN).

Interest

  • View the current base rates on which credit and debit interest rates are based.
  • The interest rate for a number of currencies is linked to a base rate. Base rates can be negative. In these cases, you may be required to pay interest on your credit balance in this currency, instead of receiving interest.
  • The interest is calculated daily. If interest is due, we will settle interest with your account at the end of each quarter.
  • See the interest rates over the last 7 years.

Charges

  • The use of this account is subject to the business payment charges (in Dutch).
  • These charges will be deducted from your corporate payment account.
  • If you receive printed account statements, you will pay the postal fees.

Terms and Conditions

Download the terms and conditions.

On our Product Terms and Conditions (in Dutch) page you will find a clear overview of our business product terms and conditions.

Risks

Holding funds in foreign currency exposes you to risk. The counter value in Euro depends on the exchange rate. Also, the interest rate on a Foreign Currency Account may vary each month. Changing exchange rates may adversely affect your operating results. Do you want to hedge currency risks? We offer currency management solutions that allow you to protect your company against adverse currency movements.

Pay and collect in a foreign currency

  • With the use of Internet banking you can pay and receive money in a foreign currency. You cannot withdraw or deposit cash. 
  • Incoming and outgoing payments are always in the currency of the account.

Deposit Guarantee Scheme

Balances on this account fall within the scope of the Deposit Guarantee Scheme. This means that balances of up to €100,000 per account holder are guaranteed. For more information about the deposit guarantee schemes and the cover they provide, please refer to the Deposit Guarantee Scheme information sheet.

Questions or looking for advice?

Want to find out more about a Foreign Currency Account? Please contact a business advisor.

More information