Multi‑currency business account with cash intelligence

A multi-currency business account allows businesses to receive, hold, convert and send multiple currencies through named accounts using local and international rails, and make domestic and cross-border payments easily.

Finmo holds 27+ currencies in the currency received, without forced conversion. Wise and Revolut each support 25 receivable currencies, while Airwallex publishes 20+, DBS Business Multi-Currency Account holds 13, and Aspire holds 4.

Forced conversion is when a business account automatically converts incoming foreign currency into your base currency, whether or not you want it converted. You pay an FX spread on the way in, and again when you convert back to pay a supplier. Finmo holds 27+ currencies as received, so conversion only happens when you choose it.

Yes. You can collect SGD, IDR, MYR, THB, PHP and VND with the Finmo multi-currency business account. You can also collect these currencies via local rails, so customers in these markets can pay you domestically rather than by international wire.

Yes. Finmo's multi-currency business account can collect CNY from customers in China.

Yes. Finmo provides named account details in your company name across Southeast Asia and major markets including Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam, Hong Kong, the US and the UK, to name a few. This allows customers and counterparties to pay you using local account details.

There’s no difference. We renamed the product from Global Currency Account (GCA) to Multi-Currency Business Account.

- More currencies held without conversion (27+ vs 20+ at Airwallex, 4 at Aspire)

- Like-for-like settlement across 27+ currencies

- Direct local coverage in Southeast Asian currencies – IDR, MYR, THB, VND, PHP – that most global platforms route through correspondent banking.

- Unlike traditional business accounts, Finmo business account comes with AI-native cash unified cash views and AI insights that help businesses not only manage costs, but mitigate financial pitfalls and identify opportunities to grow profitability

There is no account opening fee, minimum balance, monthly account fee, annual fee, setup fee or minimum transaction requirement.

Singapore-incorporated companies can apply in a few minutes. The application is fully online, and Singapore businesses can verify using MyInfo Business with Corppass and Singpass.

Yes. Finmo operates under 11 licences issued by local regulators across 8 markets. In Singapore, Finmo holds a Major Payment Institution (MPI) licence under the Payment Services Act, regulated by the Monetary Authority of Singapore (MAS).

Yes. Finmo supports non-resident accounts (NRAs), allowing eligible foreign businesses to open a business account in Singapore even if they are not incorporated in Singapore. Eligibility and required documentation depend on the business and jurisdiction.