Named accounts in four currencies
Receive, hold and pay out EUR, GBP, USD and CAD with account details in your entity’s own name. Customers, processors and counterparties pay you directly, over local networks or SWIFT.
In shortCCYFX opens named multi-currency accounts in the client’s own name: EUR with a named IBAN, GBP with an account number and sort code, USD with an account and routing number, and CAD with an account, transit and institution number. Clients receive and send funds over SWIFT, SEPA, Faster Payments, CHAPS, ACH, Fedwire, EFT and Lynx. CCYFX PAY INC is a Money Services Business, not a bank, and balances are not covered by deposit insurance.
What each account comes with
Every account can send and receive by SWIFT. Local networks are used wherever they are faster or cheaper.
| Currency | Account details | Networks |
|---|---|---|
| EUR · Euro | Named IBAN | SEPA · SWIFT |
| GBP · British pound | Account number and sort code | Faster Payments · CHAPS · SWIFT |
| USD · US dollar | Account and routing number | ACH · Fedwire · SWIFT |
| CAD · Canadian dollar | Account, transit and institution number | EFT · Lynx · SWIFT |
Receive, hold, convert, pay
Paid in your own name
Share your account details with customers, payment processors and counterparties. Receipts arrive in your entity’s name and show in CCYFX Online with their sender and reference.
Balances by currency
Keep balances in each currency until you need them, with statements for every account and entity.
At a confirmed rate
Move between currencies at a rate your named dealer quotes and confirms in writing before the trade is booked.
Over the right network
Pay out by SEPA, Faster Payments, CHAPS, ACH, Fedwire, EFT, Lynx or SWIFT, or in stablecoin to verified wallets.
One login for every entity
Holding companies, operating subsidiaries and trusts each receive their own named account details. Switch between them in CCYFX Online, with user roles, approval limits and dual authorisation for each entity.
- Account holder
- Your entity, by its registered name
- Currencies
- EUR, GBP, USD and CAD; other currencies by SWIFT
- Access
- CCYFX Online, with user roles and dual authorisation
- Statements
- By account and by entity
- Issued
- Once onboarding and due diligence are complete
CCYFX PAY INC is a Money Services Business registered with FINTRAC, not a bank. Funds held for payment are not deposits, do not earn interest and are not covered by deposit insurance. Account details are issued only after due diligence is complete.
Tell us about your business
Apply online in about ten minutes. We will reply with the documents your structure requires and an indicative timeline for onboarding.