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From London to Lahore, Manchester to Mykonos, or Leeds to Lisbon – foreign currency is a big part of everyday life.
A mother in Birmingham may need to send money regularly to support her parents back home in India. A Londoner can be dreaming of a quick getaway to Greece, and dreams of sunsets in Santorini. A student in Liverpool who is a big fan of K-pop orders some merchandise from Korea. A business development professional in Leeds travels to Lisbon for business meetings, incurring expenses in euros.
Be it out of family responsibility, leisure or business, many people unknowingly pay more than they should. Traditional banks often offer poor foreign exchange (FX) rates and overseas charges, thereby reducing the value of every transfer or overseas expenditure.
The result? Less money that goes to your family and fewer euros to enjoy during your holidays.
That is where iFAST Global Bank’s Multi-Currency Current Account comes in: the innovative solution offers customers in the UK and around the world a smarter, more cost-effective solution – one that can be opened online with ease, helping you take control of your money across borders.
Recently recognised as “Best Newcomer” at the British Bank Awards 2025, iFAST Global Bank helps today’s globally connected customers to put their foot down on unnecessary overseas charges. For added peace of mind, your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person held with a single bank.
A Smarter Alternative
iFAST Global Bank’s Multi-Currency Current Account has been created to meet customers’ needs. It allows them to earn competitive interest on their idle cash while spending easily, whether for remittances or shopping, without worrying about high foreign exchange rates.
Customers can earn up to 3.20% AER (variable) on GBP, 1.00% AER (variable) on EUR and 2.80% AER (variable) on USD, all with no interest caps or minimum balance requirements. These highly competitive rates allow customers to grow their money daily.
The account combines competitive interest across major currencies with a Visa debit card (UK residents only) * and remittance services. With this account, customers no longer have to choose between accessibility and returns.
*Multi-Currency Debit card is currently available to UK residents only.
Built for a Global Lifestyle
Reflecting the demand for borderless banking, iFAST Global Bank has embedded multi-currency functionality directly into the account. Customers can hold, receive, spend and transfer up to eight major currencies: GBP, EUR, USD, SGD (Singapore Dollar), HKD (Hong Kong Dollar), CNY (Chinese Yuan), JPY (Japanese Yen) and CHF (Swiss Franc) at competitive exchange rates, all from one account. This removes the need for multiple accounts or costly conversions.
Security and usability are important features too. The multi-currency numberless Visa debit card does not show details such as printed card number, CVV or expiry date. Sensitive information is securely accessed via the mobile app, greatly reducing the risk of fraud and enhancing safety for online and overseas use. The card is accepted globally in over 200 countries and territories, making it an ideal option for travellers, expatriates and international shoppers.
Key Features of This Account
1. High Interest Without Compromise
Traditional banks often restrict high interest to savings accounts, forcing customers to move funds constantly. iFAST Global Bank removes this friction by offering high interest directly on current account balances.
2. One Simple Account to Meet Different Needs
There is no need to manage multiple accounts to meet different needs. This account acts as a central financial hub for spending, saving and international transfers – streamlined and accessible.
3. Stronger Security and Smarter Design
The numberless Visa debit card offers enhanced protection against card data theft, reflecting the bank’s commitment to digital-native security practices.
4. Competitive Foreign Exchange Rates
Customers enjoy competitive FX rates not only when spending overseas or on overseas expenses using their debit card (UK residents only), but also when remitting funds to family and friends – whether to their bank accounts or e-wallets. This makes cross-border payments and international spending simpler and more cost-effective.
5. Truly Global Support
With support for eight major currencies and international card acceptance, this account is well suited to today’s globally mobile consumers – whether students, digital nomads, expatriates or frequent travellers.
6. Intelligent Digital Support
The app’s in-built chat and call features ensure customers are never more than seconds away from assistance – without long holds or overseas call charges.
A Vision for Banking Without Boundaries
The Multi-Currency Current Account is more than just a new product; it is a reimagining of modern banking. It reflects iFAST Global Bank’s belief that customers deserve banking that is simple, flexible and rewarding, free from outdated constraints.
The account is also covered by full FSCS (Financial Services Compensation Scheme) protection, safeguarding eligible deposits up to £85,000 per person, per bank. As a Government-backed scheme, the FSCS ensures that customer funds are secure even in the unlikely event of bank failure, offering additional peace of mind.
As the financial landscape continues to evolve, iFAST Global Bank’s offering marks a significant step forward. This is not just an upgrade – it is a smarter way to bank.
One account. Multiple currencies. High returns. Everyday flexibility. Banking just got better.
