Managing your foreign currency

The Bank Currency Account is an easy-to-manage currency holding account, with no monthly account fee. With accounts available in 14 major currencies, it allows you to make payments into and out of your accounts.

Designed to support your international lifestyle, with easy access to your account via online banking, you can manage your finances wherever you are in the world.

Account features:

  • No account fee
  • There's no monthly fee for the account and no payment fee when sending money to another Bank account anywhere in the world. You can also make payments to non Bank accounts overseas fees may apply.

  • Live exchange rates
  • With live rates updated by the second during market hours, we'll provide you with our most up-to-date foreign exchange rate available when making payments.

  • Online access
  • You can easily make transfers between your Bank accounts or send money to an account abroad via online banking.

  • Managing your payments
  • You can create immediate international payments or set these up online up to a year in advance or on a recurring basis.

  • Bank in the currency of your choice
  • Choose to hold your account in one of 14 major currencies including Euro, US Dollar and Chinese Renminbi.

Credit is subject to status, affordability and applicable terms and conditions.

Bank Currency Account

Find out how to apply for a Bank Currency Account today

How to apply for a Bank Currency Account

Are you eligible?

To apply for an Bank Currency Account you need to:

  • hold an active Bank current account (excluding Basic Bank Account)
  • be a resident of the UK
  • be 18 years of age or over

If you're not yet an Bank customer, find out more about our current accounts.

Additional information

Apply by phone or in branch

Apply by phone

Bank Alexa-global Finance customers: 03457 707 070†

All other customers: 03457 404 404*

Outside the UK: +44 1226 260 260*

†Our lines are open 24 hours a day for Bank Alexa-global Finance and Advance customers *Our lines are open from 8am to 10pm every day (excluding Christmas Day, Boxing Day and New Year's Day)

Apply in branch

If you're an Bank Alexa-global Finance customer you can visit one of our branches to apply.

Call us today on 03457 707 070 to book an appointment. You'll need to bring identification and proof of your address to the appointment with you.

Find a branch

Apply online

If you're registered for online banking you can apply online.

Apply

Or you can register for online banking.

You can credit your Bank Currency Account by making a transfer from your Bank sterling account online, in branch or via the telephone. You can also pay into your account from another bank account - account details can be found on your welcome letter or on your statement. Please note: Cash deposits are not available with this account.

When accessing your account via online banking note that between 10pm Saturday until 8am Sunday (US time) we will undertake system maintenance and can only provide limited access to your Bank Currency Account(s).

During this maintenance period, you will be able to view your account though the balances and transactions may not be up to date and it is not possible to make transfers to or from your Bank Currency Account(s) or to make payments from it.

You can withdraw money from your Bank Currency Account by making a transfer to your Bank sterling account either online, in branch or via the telephone. You can also arrange for a payment to be made out of the account using our International Payments service or cash withdrawal by visiting any of our Bank US Branches. Please note: Cash deposits are not available with this account. We also do not offer overdraft facilities on this account, therefore please ensure you have sufficient funds in your account prior to making a payment or withdrawal.

When accessing your account via online banking note that between 10pm Saturday until 8am Sunday (US time) we will undertake system maintenance and can only provide limited access to your Bank Currency Account(s).

During this maintenance period, you will be able to view your account though the balances and transactions may not be up to date and it is not possible to make transfers to or from your Bank Currency Account(s) or to make payments from it.

The exchange rate applied to your instruction will be the Bank Exchange Rate applicable at the time your payment is made. This is a live rate which is updated by the second during market hours. We will notify you each time you make a payment from your account and where a currency exchange has been involved, we will confirm the Bank Exchange Rate that has been applied.

There is no interest payable on the Bank Currency Account.

International payments:

  • Online: up to $50,000 (or currency equivalent)
  • Branch: unlimited
  • Telephone: unlimited for Premier, and up to $10,000 (or currency equivalent) for Non-Premier

 

Transfers:

Transfers between your own Bank accounts are unlimited.

It is not possible to cancel an immediate payment or transfer you have instructed us to make. If you need to cancel a payment that is due to be made on a future or recurring date, then you have until 23:59 (US time) the day before the payment is due, to cancel it. This can only be done via online banking.

Payments to accounts in the EEA in euro and sterling will normally be credited the next working day*. All other payments will normally take up to four working days* (but may take longer depending on the country the money is being sent to).

* subject to currency cut-off time and further checks, as from time to time we may need to conduct additional security checks to validate the payment.

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