Best Business Bank Accounts for International Payments

Why international payment capabilities matter for business

Global business is the norm. Whether you're an e-commerce brand, agency, freelancer, or distributor, international transactions are part of daily operations. Having the right business bank account can save money, reduce delays, and provide access to advanced financial tools.

If you pay overseas suppliers, receive funds from foreign clients, or manage multi-country operations, your bank account should support:

• Multi-currency balances

• Local IBANs for key currencies

• Real-time cross-border transfers

• Transparent and low FX fees

For UK businesses looking to transfer money abroad efficiently, these features are non-negotiable for maintaining competitive operations and healthy profit margins.

What makes a business account suitable for international transfers

Multi-Currency Accounts

Hold and transact in multiple currencies - this is critical if you invoice clients in EUR, pay contractors in USD, and report in GBP. Multi-currency functionality eliminates the need to transfer money abroad through traditional banking channels every time you need to make international payments.

Local IBANs

Local account numbers reduce costs and delays. Banxe provides IBANs suited for GBP and EUR transactions across the SEPA zone, helping your business appear local and get paid faster. This is particularly valuable for UK companies expanding into European markets.

Competitive FX Rates

Hidden FX mark-ups are profit killers. A good business bank should offer rates close to the interbank rate, with full fee transparency. When you regularly transfer money abroad, even small improvements in FX rates can save thousands annually.

24/7 Online Access

You need global access to your funds, on desktop or mobile. Modern business banking platforms provide full control via unified online interfaces, enabling instant international payments regardless of your location.

Top Business Accounts for Cross-Border Transactions

Comparison based on standard business accounts for UK companies making international payments.

Why Banxe is a great option

The Banxe platform combines the strengths of traditional banks and modern fintech solutions, specifically designed for businesses that need to transfer money abroad regularly:

• Local IBANs – reducing transfer costs and delays

• Over 35 supported currencies, including over 350 cryptocurrencies and stablecoins – maximum flexibility for global operations

• Business debit cards with FX and crypto support – unified financial management

• Seamless integration with crypto wallet, non-custodial Pro Wallet, and mass payments – advanced financial tools in one platform

The platform's dashboard provides real-time visibility into all international payments, currency balances, and transaction history, making it easy to manage complex multi-currency operations from a single interface.

Important! Banxe platform introduces local IBANs in major currencies and low FX fees, which is ideal for global businesses.

How to open a business account via Banxe

Setting up a Banxe business account is quick and digital, perfect for UK businesses ready to streamline their international payments:

1. Go to https://banxe.com/business/

2. Click "Open an Account" and select "Business"

3. Enter your business details and upload verification documents

4. Complete identity verification

5. Start using your account as soon as in 24-48 hours

Required documents:

• Certificate of incorporation

• Director's ID

• Proof of address

• Company structure (if applicable)

Once approved, you'll have immediate access to the Banxe dashboard where you can view real-time balances, initiate transfers, and manage your multi-currency accounts. The intuitive interface displays exchange rates, transaction fees, and transfer status, giving you complete transparency over your international payment operations.

Whether you're a UK startup expanding globally or an established business looking to reduce international transfer costs, Banxe simplifies cross-border banking and removes the hidden fees that eat into your profits. For businesses that regularly transfer money abroad, it's the clear choice for efficient, cost-effective international payments.