Your gateway to smarter travel: iFAST Global Bank offers 2% cashback on overseas spending with Multi-Currency Current Account

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Fumbling through unfamiliar notes at the checkout? Hopping across Europe for the summer holidays and realising you forgot to change currencies? Or worse, landing in a country that has gone fully cashless without a multi-currency card? If this sounds familiar, it’s time to ditch the traditional money changer route.

Introducing your new travel essentials: the iFAST Global Bank’s Multi-Currency Current Account and Visa debit card (available for UK residents only). Overseas payment and online purchases are made more convenient with the account’s real-time foreign exchange conversion for multiple currencies and card acceptance across 200 countries and territories. Plus, customers can enjoy instant, fee-free^* cash withdrawals at ATMs worldwide. 

Recently recognised as “Best Newcomer” at the British Bank Awards 2025, iFAST Global Bank helps today’s globally connected customers take control of their finances wherever life takes them. For added peace of mind, your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.

Make Travel Stress-free

Whether you're sipping coffee in Paris, having a shopping spree in New York, riding the metro in Tokyo, or carting out online purchases from overseas merchants, you can enjoy the convenience of seamless payments without hidden fees or costly conversions. 

iFAST Global Bank’s Multi-Currency Current Account is created to support customers’ global lifestyle by integrating multi-currency functionality within the account. Customers can hold, receive, spend and transfer across eight major currencies: GBP, EUR, USD, SGD (Singapore Dollar), HKD (Hong Kong Dollar), CNY (Chinese Yuan), JPY (Japanese Yen) and CHF (Swiss Franc), all in one place.

Customers can also deposit into the account and earn up to 3.20% AER (variable) on GBP, 1.00% AER (variable) on EUR and 2.80% AER (variable) on USD, with no interest caps or minimum balance requirements. These highly competitive rates allow them to work their idle cash harder.

With the combination of competitive interest across major currencies, a Visa debit card and remittance services, customers no longer have to choose between accessibility and returns.

Reward your Global Spending

From 1 August to 31 October 2025, customers can earn up to 2% cashback on all eligible overseas spending with our Visa debit card, capped at £25 per month. The cashback will be automatically credited into the account on a monthly basis. Overseas spending includes:

• In-store transactions abroad
• Purchases made with merchants based outside of the UK
• Purchases priced in a foreign currency, other than GBP(£)

For more information, refer to the Terms and Conditions of the Cashback Program.

Key features of this Account:

1. High Interest with no Trade-offs

Traditional banks often provide little to no interest for current accounts, pushing customers to make regular fund transfers for better returns. iFAST Global Bank applies interest directly on current account balances, allowing customers to earn high interest while spending.

2. One Account for All your Needs

Managing multiple accounts can be tedious. Spend, save, withdraw and make international transfers all in one platform with this multi-currency account.

3. Protection for your Data

The Visa debit card hides details such as printed card number, CVV or expiry date. To reduce the risk of fraud for online and overseas use, sensitive information can only be accessed via the mobile app.

4. Competitive Foreign Exchange Rates

Competitive FX rates are applicable to both overseas expenses using debit card payment and remittance of funds to bank accounts or e-wallets. This makes cross-border payments and international spending more cost-effective for customers. If customers want to lock a favourable FX rate before their travel, they can do so with the currencies offered in the Multi-Currency Current Account.

5. Dedicated Customer Support

Help is always within reach, connect with our client services team via in-built chat and call features in the mobile app. Get instant customer support in English, Chinese or Cantonese without overseas call charges.

Planning your next vacation? Join us for free and make iFAST’s Multi-Currency Current Account your passport to seamless overseas spending.

Our Vision for Banking Without Boundaries

The Multi-Currency Current Account is our rendition of modern banking. iFAST Global Bank firmly believes that customers deserve banking that is simple, flexible and rewarding, free from outdated constraints.

All eligible deposits up to £85,000 per person, per bank is fully covered by FSCS (Financial Services Compensation Scheme) protection. This Government-backed scheme ensures fund security for customers even in the unlikely event of bank failure.

One account. Multiple currencies. High returns. Everyday flexibility. Smarter banking starts at iFAST Global Bank.

^{*Additional service charges may be imposed by ATM operators.}