The Barclays\u2019 Foreign Currency Account3 is aimed at UK importers and exporters. Foreign Currency Accounts are available in a wide range of currencies, including AUD, CAD, CNY, CZK, DKK, EUR, HKD, JPY, NZD, NOK, PLN, SGD, ZAR, SEK, CHF, AED and USD.<\/p>\n
This account comes with no minimum balance requirements, and you can access your balances 24\/7 via online banking, telephone or the Barclays app.<\/p>\n
However, you\u2019ll need to open a separate account for each currency you trade in, as this account doesn\u2019t let you hold multiple currencies. And while euro, USD and Canadian dollar transactions settle on the same day, all other currencies take up to two working days.<\/p>\n
If you\u2019re a new Barclays customer, you\u2019ll need to open a business account before you can apply for a Foreign Currency Account.<\/p>\n
Charges:You won\u2019t have to pay a monthly account fee for your Business Account for the first 12 months (if you don\u2019t already have a Barclays Business Account)3aAfter 12 months, you\u2019ll pay \u00a38.50 per month<\/p>\n