MultiCurrency Advantage Account
Simplify your foreign currency transactions and make international banking easier.
Fifth Third Bank's MultiCurrency Advantage Account can help you manage foreign payables and receivables in as many as 25 different currencies. By establishing MultiCurrency Advantage Accounts in foreign denominations, your business can better manage international cash flow while reducing the risk of currency value fluctuations.
Additional benefits of our foreign currency account include:
- The ability to control the timing of foreign exchange conversions. You can hold the currency in the account for an indefinite time rather than automatically converting it into U.S. dollars.
- Reduction of foreign exchange conversion costs.
- The ability to hold foreign currency balances for later payments or repatriation.
- Timely disbursements, allowing for greater leverage of available cash balances.
- Daily payment, receivable and balance details to better service your clients.
- Single sign-on access to your domestic and foreign accounts through Fifth Third DirectSM.
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