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.