A Deltec Multi-Currency Account (MCA) offers you greater convenience with your foreign currency transactions. You can use your various currencies to purchase same currency like securities, you can redeem your securities in same currencies, you are able to deposit foreign receivables without having to convert them, you can accumulate foreign funds to meet payables requirements, and transfer funds between accounts. It’s an ideal solution for the international client
MCAs enable you to:
- Conduct transactions in most major currencies.
- Consolidate and manage foreign receivables and payments more effectively.
- Send and receive wires payments without currency conversion if applicable.
- Allows FX between accounts, and possibly allow for currency diversification as an investment option.
- View balances and activities for all currency accounts online.*