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iFAST Global Bank Launches Multi-Currency Business Account
The account supports nine major currencies, offers up to 2.65% AER interest on GBP balances, and simplifies payments in 52 currencies through Standard Chartered, iFAST said.
- On Friday, iFAST Global Bank launched a Multi-Currency Business Account with integrated Xero accounting software, designed to streamline financial operations for solicitors, accountants, and property managers.
- Professional Services Firms frequently face operational inefficiencies from idle funds sitting in non-interest-bearing accounts and fragmented tracking systems, while Traditional banking arrangements require manual reconciliation and separate currency accounts.
- The account supports GBP, USD, and HKD with interest rates up to 4.15% on fixed-term deposits. Through Standard Chartered Bank, businesses can send funds to recipients in 52 currencies worldwide.
- As a licensed UK bank regulated by the Prudential Regulation Authority and Financial Conduct Authority, iFAST Global Bank offers deposit protection up to £120,000 under the Financial Services Compensation Scheme.
- "Professional services firms operate in an increasingly complex financial environment," said Inayat Kashif, CEO at iFAST Global Bank, adding the platform provides modern infrastructure to manage finances more efficiently.
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The Scotsman+23 Reposted by 23 other sources
iFAST Global Bank launches multi-currency business account
iFAST’s multi-currency business account has Xero integration for solicitors, accountants and property managers.
·Scotland, United Kingdom
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iFAST Global Bank Launches Multi-Currency Business Account with Competitive Interest Rates and Xero Integration for Solicitors, Accountants and Property Managers
LONDON, March 20, 2026 (GLOBE NEWSWIRE) -- iFAST Global Bank announced the launch of its Multi-Currency Business Account with integrated Xero accounting software, specifically designed to address the complex cash management and financial tracking needs of professional services firms. The new offering combines multi-currency banking capabilities with automated accounting integration, enabling solicitors, accountants and property managers to strea…
·New York, United States
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Total News Sources26
Leaning Left1Leaning Right1Center17Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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