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Sokin removes the borders, barriers, and burdens from global business.
GLOBAL RECEIVABLES ACCOUNTS
Receive funds globally in 26 currencies
Business accounts in currencies that matter most to you. Remove currency barriers from your business with a global currency account.
- Accept funds like a local, using regional payment routes
- Effortlessly manage funds across 26 currencies1
- Eliminate 100% FX fees by receiving like-for-like currencies
All the currency accounts you need, in one place
Grow globally with ease
Skip the hassle of managing multiple banking providers. Do business globally with access to multiple currencies, in one place.
Increase your margins
Save on unnecessary FX conversion fees. Hold funds in multiple currencies and reduce the impact of currency fluctuations.
Receive funds faster
Speed up transactions and simplify payments for senders by receiving funds directly into local currency accounts.
How it works
Do business effortlessly with Sokin’s global account
Access the currency accounts you need
End your search for foreign currency accounts. Get account details in multiple currencies and avoid the hassles that come with traditional banks.
- Local account details Receive funds faster from the US, Canada, Europe, UK, and Australia. Eliminate unnecessary costs on incoming transactions with local currency accounts.
- International account details Receive international payments in 26 currencies.1 Do business globally with access to international routes via your multi-currency account.
Access the world's fastest payment routes
Make payments in over 70 currencies using local or international routes. Access wholesale FX rates and eliminate hidden fees on international business transactions.
- Access local and international routes Make seamless global payments via ACH, FPS, SEPA, EFT, NPP, and full access to the SWIFT network.
- Pay out in 70+ global currencies Access payments in the currencies most important to your business across 170+ countries.
- Save on international payment fees Avoid hidden fees and high rates markups on international payments.
Why choose our global accounts?
Do business globally in the currencies you need, control your cash position in multiple currencies, and save on unnecessary FX fees.
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Eliminate unnecessary fees
Cut unnecessary fees on FX, incoming payments, account fees, and other hidden fee and keep more of your money.
Save time and effort
Avoid juggling multiple providers across different regions. Manage all your business payments, collections, and conversions from one global account.
Grow globally with our trusted banking network
Hold and move money securely across regions through trusted financial providers, including tier 1 banks. We meet the highest security standards and operate with licenses in major markets around the world.
Optimise cash management
Easily convert between currencies and control how much to hold in each. Optimise your funds for global business operations.
Protect your margins
Stay ahead of currency fluctuations. Hold and convert funds strategically to reduce risk.
Streamline your business transactions
Make fast and cost-effective payments to 170+ countries from one platform. Access local payment rails and eliminate expensive intermediaries.
Reduce reconciliation hassles
Connect seamlessly with accounting platforms like Xero, Intuit QuickBooks, and Netsuite. Automate reconciliations and keep your books accurate with less manual work.
Get help when you need it
Access a library of helpful resources 24/7, and connect with our global support team whenever you need extra assistance.
Built for your trust
Your funds are always safeguarded
We keep your funds segregated from our own and place them with reputable banking partners-giving you the confidence that your money is always protected.
We're licensed throughout the globe
We operate under a global suite of licenses and regulatory approvals, meeting strict standards wherever you do business. See our full regulatory details here.
Bank-level security protects your account
We’ve built our infrastructure to meet financial-institution security standards and advanced threat protection-so you can focus on growing your business. View our Trust centre.
Global receivable accounts FAQs
How to set up a business account abroad?
Opening a business account in another country traditionally involves incorporating your business locally and in some cases establishing residency or possibly visiting a bank branch in person. With Sokin, you can now quickly set up a business account remotely, allowing you to easily obtain local and international account details for your global business transactions.
What documents do I need to create a business account?
To open a business account, you need to provide documents proving your business is officially incorporated. While we might request additional details on a case-by-case basis, a Certificate of Incorporation, Articles of Association, and documents outlining your business’s ownership structure are mostly sufficient. Additionally, identification documents for each of the company's directors are required.
How much does it cost to open a multi-currency account?
We do not charge any fees for opening or maintaining a multi-currency business account, meaning you don't have to worry about cost when setting up your account.
How long does it take to open a global account?
Opening a business account is quick and fully online. Once you sign up and upload all the required documents, we aim to complete verification and have your account ready to receive funds within 24 hours. In some cases, we may need additional information, which could extend the process slightly.
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