Multi-Currency Accounts
FX accounts, conversion, DCC traps
Multi-currency types
- •Separate accounts per currency (UAH/USD/EUR) — classic, flexible
- •One card — several accounts: switchable linkage
- •Virtual FX cards for online payments
- •FX IBAN for receiving transfers
Rule: hold the currency you spend. On-the-fly conversion paying a USD bill from a UAH card is the worst case: payment-system rate + bank spread.