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Global accounts receivables
Receive funds globally in 26 currencies
Business accounts in the currencies that matter most to you. Remove payment barriers with multi-currency accounts.
- Accept funds like a local using regional payment rails
- Effortlessly manage funds across 26 currencies1
- Eliminate foreign exchange fees by receiving in like-for-like currencies
All the currency accounts you need, in one place
Grow globally with ease
Avoid the hassle of managing multiple banking providers. Do business globally with access to multiple currencies in one place.
Increase your margins
Save on unnecessary foreign exchange fees. Hold funds in multiple currencies and reduce the impact of exchange rate fluctuations.
Receive funds faster
Speed up payments and make it easier for customers to pay you by receiving funds directly into local currency accounts.
How it works
Do business effortlessly with Sokin’s global accounts
Access the currency accounts you need
Stop relying on banks for foreign currency accounts. Get account details in multiple currencies and avoid the friction that comes with legacy providers.
- Local account details Receive funds faster with local account details in key markets including the US, Canada, Europe, the UK, and Australia. Reduce unnecessary costs when receiving payments with local currency accounts.
- International account details Receive international payments in 26 currencies.1 Do business globally with access to international payment rails through your multi-currency account.
Access the world's fastest payment rails
Make payments in over 70 currencies¹ using local or international routes. Access wholesale FX rates and eliminate hidden fees on international business transactions.
- Access local and international payment rails Make seamless global payments through ACH, FPS, SEPA, EFT, NPP, and the SWIFT network.
- Send payouts in 70+ currencies¹ Send payments in the currencies that matter most to your customers across 170+ countries.¹
- Save on international payment fees Avoid hidden fees and high markups on international payments.
Why choose our global accounts?
Do business globally in the currencies you need, manage your cash position across multiple currencies, and save on unnecessary foreign exchange fees.
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Cut down unnecessary costs
Reduce unnecessary costs from FX, payment processing, account fees, and other hidden charges, so you keep more of your money.
Save time and effort
Avoid juggling multiple providers across regions. Manage 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.
Optimize cash management
Easily convert between currencies and control how much of each to hold. Optimize funds for global business operations.
Protect your margins
Stay ahead of currency fluctuations. Hold and convert funds strategically to reduce risk.
Streamline business transactions
Make fast and cost-effective payments to 170+ countries from one platform. Access local payment rails and eliminate expensive intermediaries.
Reduce reconciliation work
Connect seamlessly with accounting platforms like Xero, Intuit QuickBooks, and NetSuite. Automate reconciliation and keep your books accurate with less manual work.
Get help when you need it
Access helpful resources 24/7 and connect with our global support team whenever you need extra support.
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 confidence that your money is protected.
We're licensed around the world
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-grade security protects your account
We’ve built our infrastructure to meet bank-grade security standards and advanced threat protection, so you can focus on growing your business. View our Trust Center.
Global accounts receivables FAQs
How do I open a business account abroad?
Opening a business account in another country has traditionally required local incorporation and, in some cases, establishing residency or an in-person bank visit. With Sokin, you can quickly open a business account remotely and get local and international account details for global business transactions.
What documents do I need to open a business account?
To open a business account, you will need documents showing your business is legally registered. While we may request additional details on a case-by-case basis, a Certificate of Incorporation, Articles of Organization, or documents outlining your business’s ownership structure are generally sufficient.
How much does it cost to open a multi-currency account?
We do not charge fees to open or maintain a multi-currency business account, so you don’t have to worry about setup or maintenance costs.
How long does it take to open a global account?
Opening a business account is fast and fully online. Once you sign up and upload all 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 can extend the process slightly.
