Commercial Foreign Currency Account

If you regularly hold, pay or receive foreign currencies, a Commercial Foreign Currency Account is a cost effective way to manage your international trade activities.

Key features and benefits

  • Transfer money from a Sterling business account to your Commercial Foreign Currency Account
  • Helps to manage exposure to exchange rate movements
  • Minimises foreign exchange costs
  • Overdraft facilities available¹
  • Simple application process and no minimum balance required
  • Choose from a wide range of foreign currencies including EUR & USD

Is my business eligible?

To apply for our Commercial Foreign Currency Account, you must:

 

  • Already hold a Sterling business account with us
  • Have an annual business turnover between £3-25m
  • Require the account for business use

 

 

 

  • Be aged 18 or over
  • Be a sole trader, partner or director

Apply now

For businesses with an annual business turnover between £3-25m, to apply for a Commercial Foreign Currency Account please call to speak to one of our Relationship managers.

We are available 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.

0345 072 5555
  • Rates and charges

    Account

    Maintenance fee

    Account

    Euro Current Account

    Maintenance fee

    £24 per year (fee taken in two instalments of £12 charged either in March/September or April/October)2

    Account

    Commercial Foreign Currency Account

    Maintenance fee

    £60 per year (fee taken in two instalments of £30 charged in March/September or April/October)2

    2The application of the account Maintenance Fee will depend on the currency of the account being debited. If the fee is being debited from a related GBP sterling account, it will be charged in March and September. If the fee is being debited from the Euro Currency Account, it will be charged in April and October.

    Further information on rates can be accessed here.

  • Find out more about our terms and conditions.

Foreign Currency Deposits

If you have excess foreign currency funds which you intend to hold for a period of time, you may wish to review our Foreign Currency Deposits which may help to maximise your interest on surplus funds. You can find information on our Foreign Currency Deposits.

Talk to one of our specialists

For businesses with an annual business turnover between £3-25m, to apply for Commercial Foreign Currency Account please call 0345 072 5555 to speak to your Relationship manager. We are available 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT. All enquiries for Commercial Foreign Currency Accounts will be referred to a specialist manager who will provide more information about charges for these services upon request.