Foreign Currency Account

Pay and collect in a foreign currency

Trading in foreign currency

Easily doing business across and beyond Europe
Pay and receive money in the same foreign currency
Assortment of many different foreign currencies
Converting back to euros easily

Want to do business in a foreign country without any limits? Choose the foreign currency in which you want to trade, and 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 base rates (in Dutch).

Choose between 23 different foreign currencies

Open an account easily online in any of the 23 available currencies available. Can't find a suitable currency? Contact one of our experts for advice. You can also open an account for the Chinese Renminbi online. A Renminbi account gives you access to the Chinese market. These companies are not allowed to trade in dollars, which is why this account gives you an advantage, as it allows you to expand your business in the Chinese market. Benefit from these unique opportunities!

The benefits of this account

A strong negotiating position

Exchange rate risks are not calculated through to you, so you can offer your clients the most competitive prices.

Reduced transaction costs

There is no need for currency conversion.

Move your money faster

Faster processing times of your money because you trade directly in the desired currency.

Features Foreign Currency Account for Corporate Customers

Foreign Currency Account and conditions

The Foreign Currency Account is an ABN AMRO checking account that allows you to make and receive payments in foreign currency. This account is for companies that already have an ABN AMRO corporate checking account and do business in other countries.

Download the Foreign Currency Account Conditions

You'll find all of our business product terms and conditions here.

Please note: you can only receive payments in euros if you also have an ABN AMRO business account. Read more about pay and collect in a foreign currency .

Do you regularly receive and pay in four or more 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). Franx is a wholly owned subsidiary and also a close agent of ABN AMRO.

Available foreign currencies

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?

Costs and interest

Costs:

In this overview you will find the costs of our payment products. You will pay for these costs on a monthly basis. You will also be charged each month for the transactions you make.

The costs will be taken from your business payment account.
If you get your account statements by post, there will be a charge for postage costs.

Interest rates:

View current base interest rates. The credit and debit interest rates depend on the current rates of different currencies.
If a currency's reference interest rate is negative, you will pay negative interest starting from December 31, 2021. For example, if the Foreign Currency Account rate is -0.25 percent, you will pay 0.25 percent on your credit balance. If the rate is 0 percent or higher, then the interest is set according to the Foreign Currency Account's terms and conditions.
The interest is calculated on a daily basis. If you earn interest, we will add it to your account every three months.
View the interest rates for the past 8 years here

Risks

Trading in foreign currency can be risky. Mainly because the equivalent value in euros depends on the exchange rate. Also, the interest rate on a Foreign Currency Account can vary monthly. Changes in the exchange rate can also affect your results. Want to mitigate currency risks? We offer currency management solutions to protect your business against adverse exchange rate changes.

Pay and collect in a foreign currency

You pay in foreign currency with a wire transfer through Internet Banking. This is also how you receive the money. Cash money withdrawals or deposits are not possible. Incoming and outgoing payments are always in the currency of the account.

Incoming payments in euros

If someone transfers euros to your Foreign Currency Account, they can only be received if you also have an ABN AMRO payment account in the same name. The euro payment must be able to be transferred directly as to a counter account. Without an ABN AMRO business account, the payment will be rejected.

Deposit Guarantee Scheme

Balances on this account fall within 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 and abnamro.com/depositscheme.

Questions or looking for advice?

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

Features Foreign Currency Account for Corporate Customers