Multi-currency banking platforms enable users to hold, send, and receive money in multiple currencies within a single account. These services are particularly valuable for frequent travelers, expatriates, and businesses operating internationally. They typically offer mid-market foreign exchange rates, multi-currency debit cards, and borderless account features.

Revenue is generated through foreign exchange spreads (typically 0.5-2% above mid-market rates), monthly subscription fees for premium account features, wire transfer fees for international transactions, ATM withdrawal fees, and interest on deposit float. Some platforms also charge for expedited transfers.

Revolut, Wise, N26, Monzo, Starling Bank