United Kingdom: multi-currency account in the payment system
If you are interested in opening a personal multi-currency account with a UK payment system, consider Wise, PayPal, Revolut, Bilderlings Pay, Emerald24.
Wise
Profitable to open an account with Wise is a British fintech company founded in 2011. Its advantages are the following:
- 50 currencies available;
- Free personal account registration;
- IBAN;
- Instant currency conversion within the account;
- Debit card for residents of the EU, Australia, New Zealand, Singapore and Japan, which allows you to pay for purchases with low fees;
- The opportunity to save money in different currencies, using the so-called " moneybox ".
To open an account, the applicant must confirm their identity: provide a passport photo and take selfies with it. In addition, you will need a document that confirms the place of residence. If everything is in order, the personal account is opened in 2 days.
PayPal
PayPal is an American payment system, which also works in the UK. Its main advantage is fast and secure transactions. Other pluses of PayPal are:
- Multi-currency account in 21 currencies;
- Working in 200 countries around the world;
- High level of protection against fraud: if the goods do not match the description or do not arrive at all, the buyer will get his money back;
- Fast card linking to your account;
- No subscription fees;
- Cashback for purchases;
- Access to fast credits.
To open a PayPal account, you must register by choosing the type (personal or business), providing an email address, phone number, and address. Immediately after that you can receive and send payments. If you want to transfer money to the bank card, you must specify it. When the total sum of transactions reaches $7500, the system will ask for a copy of your passport and a document which confirms the address.
Revolut
You can open multicurrency account in UK at Revolut payment system. Its advantages are the following:
- The payment system is available in 200 countries;
- You will be able to open multi-currency accounts in 30 currencies;
- Currency exchange at favorable rates
- Instantaneous transactions, including those to another country
- Possibility to issue a single-use card to guarantee the security of online shopping;
- Withdrawing money from ATMs without a card through a special application in 120 currencies;
- Cooperation with cryptocurrency exchanges and storage of cryptocurrency on the wallet.
To open a personal account, it is necessary to download the application to your smartphone and register. The system will require personal identification, before which it is necessary to send a passport photo, take selfies with it.
Bilderlings Pay
An option for a multi-currency account is the Bilderlings Pay payment system. Its advantages are the following:
- Accounts in 30 currencies;
- Instant currency exchange at favorable exchange rates without hidden fees;
- Fast transactions;
- Debit payment card;
- International IBAN.
It's easy to open an account at Bilderlings Pay. You need to fill out a special form, get verified online, and upload the necessary documents.
Emerald24
Another interesting payment system in the UK is Emerald24. Its advantages are the following:
- No storage fees, but if the record is idle for six months and there is no money, the system can disable it.
- Multi-currency account support;
- Fast multilingual support service;
- IBAN;
- SEPA, SWIFT, TARGET2;
- Virtual card for secure online shopping.
To open an account with Emerald24, you need to provide your passport, residence permit if you have one, and proof of residency.
How to quickly open an account in the UK
Contact IT-OFFSHORE to open a multi-currency account in the UK.