TransferGo has introduced a multi-currency business account designed for companies based in the UK and the EU. This new service enables businesses to hold, exchange, send, and receive multiple currencies efficiently, addressing key challenges in international financial operations.
With this launch, TransferGo is expanding into the international business sector in 2025, broadening its range of financial solutions to better serve corporate clients. Many companies face high fees, complex currency exchange processes, and slow transaction times when transferring funds across borders. TransferGo aims to eliminate these barriers by providing a cost-effective, streamlined platform for global transactions.
The multi-currency business account is specifically designed to help companies manage international finances more effectively. It centralizes financial operations, reducing costs and saving valuable time. The service offers competitive exchange rates starting at just 0.35%, making international transactions up to nine times cheaper than traditional banking methods, according to the company.
Another key feature is localized payments, as businesses with individual IBANs can receive payments in local currencies. This reduces conversion losses and improves cash flow management. Additionally, the platform integrates multiple financial functions, eliminating the need for multiple accounts and simplifying financial operations.
By launching this new financial solution, TransferGo aims to simplify global transactions, making international business banking more accessible, efficient, and cost-effective.