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Multi-Currency accounts

Kill three birds with one stone using our multi-currency accounts: currency conversion, hedging and financial protection.

We work with EQ Global, a supplier of virtual bank accounts (VBAs) in 26 currencies allowing travel businesses to receive and hold balances in the respective currencies, without the requirements and cost of opening a real world bank account. This enables you to convert funds into the currency of the supplier at time of booking; removing risk associated with handling multiple currencies.

The reporting and workflow to process supplier payments that comes with the VBAs enables Serenity Trusts to have control over the accounts acting as a trustee.

The use of VBAs, in association with Serenity Trusts, provides a single account to receive funds, effectively manage currency risk and make supplier payments while also abiding by the Package Travel trust regulations.