Multicurrency Accounts for Companies

Manage Foreign Currency Cash Flows


Have Questions?

Let us assist you with answers.

Currency Payments

Review our available currencies.

Efficiently make & receive Business Payments in Foreign Currencies

Multicurrency accounts are demand deposit accounts (DDAs) that are domiciled in the United States and hold foreign currency instead of U.S. dollars so your business can make and receive payments in 30 major and emerging market currencies without the need to open accounts with foreign banks.

Benefits of Multicurrency Accounts

Our multicurrency accounts offer a simple and integrated way to manage and move money denominated in different currencies, so you can:

  • Eliminate the need to convert foreign currency collections and payments to U.S. dollars.
  • Reduce the risk of potential losses and rate spread due to timing differences between incoming and outgoing foreign currency flows.
  • Easily view deposit and withdrawal details through PINACLE.®
  • Initiate wire transfer requests through PINACLE.
  • Enjoy FDIC insurance on multicurrency deposits up the maximum limits provided by law.
  • Process foreign denominated checks for credit to your multicurrency account.

Multicurrency Account Options

Your business can choose the multicurrency account that best meets your needs.

  • Receive Earnings Credit (ECR) to help offset service fees. ECR is available in all currencies offered with no minimum balance requirement. [1]
  • For select currencies, interest-bearing multicurrency accounts are available. (Minimum $100,000 USD equivalent balances for interest-bearing accounts.)

Available Currencies

Additional Account Services

Establish International Banking Relationships

Two service models can help you open and maintain accounts in countries outside the United States.
Learn More »

Manage European Payments

Improve your European commercial payments with EUR or GBP-denominated demand deposit accounts.
Learn More »

Manage International Cash Flow through PINACLE®

PINACLE, PNC’s top-rated corporate online and mobile banking portal, can help you streamline your international cash flow management. With a single sign-on, you can initiate payments, access account reporting and view USD-equivalent balances for foreign currency accounts. You can also initiate funds transfer requests for accounts held at foreign banks, manage your foreign exchange transactions and access international trade services to reduce payment and collection risks. Learn More »

Contact Us

For more information, contact:
Treasury Management Client Care (TMCC)


Important Legal Disclosures & Information

  1. ECR or interest may not be available on select currencies due to market conditions, and rates may not apply to aggregate USD equivalent balances on a per client basis above $10,000.

The information contained herein (“Information”) was produced by an employee of PNC Bank, National Association’s (“PNC Bank”) foreign exchange and derivative products group. Such Information is not a “research report” nor is it intended to constitute a “research report” (as defined by applicable regulations). The Information is of general market, economic, and political conditions or statistical summaries of financial data and is not an analysis of the price or market for any product or transaction. This Information is for general information purposes only and is not intended as legal, tax, accounting, or financial advice, or recommendations to sell currencies or securities or to engage in any specific transactions and does not purport to be comprehensive. Under no circumstances should any Information be used or considered as an offer or solicitation of an offer to participate in any particular transaction or strategy. PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.

PNC and PINACLE are registered marks of The PNC Financial Services Group, Inc.

Bank deposit, treasury management and lending products and services, and investment and wealth management, and fiduciary services are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC.

Earnings Credit and Interest eligibility and rate are variable and subject to change at any time without notice or limit. PNC reserves the right to charge an Account Balance Fee on certain currencies.  Foreign exchange restrictions may apply.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.