Absolutely! Our accounts are appropriate for non-resident entities.
Frequently Asked Questions
I do not have an entity or a physical address in the US/UK/EU. Can I request Currency Accounts in the US/UK/EU?
We can provide you with one Currency Account for each currency you need and that we can support.
All client funds held are securely stored in The Curreny Cloud’s accounts in tier 1 banks in the UK and in other countries where they are regulated. They comply fully with all relevant regulations and ensure your funds are appropriately segregated from our own funds.
Rutland FX’s currency services are provided by The Currency Cloud who is an authorised Electronic Money Institution (EMI) independently regulated by the Financial Conduct Authority (FCA) in the UK. As an EMI, we are required to ensure that customer funds are appropriately safeguarded. This means that funds received by us corresponding to electronic money will be held in one or more segregated bank accounts separately from our own funds, in accordance with the Electronic Money Regulations.
You can use your Currency Account details to receive payments internationally from corporate clients, partners and subsidiaries or other legal entities within your corporate group. If you are an online seller, you can receive funds from approved online marketplaces. If you are unsure whether the marketplace you’re selling on is approved, please get in touch to speak with your account manager, who will be able to help.
Depending on the nature of your business and origin of your transactions, we may request you to provide invoices for incoming payments to support our compliance checks from certain clients.
We do not currently support Direct Debits.
Payments sent from your Currency Accounts will be sent in your own name and will appear to be coming from you.
No, Currency Accounts can only be used for bank to bank transfers.
Yes. Your Currency Accounts will be unique to you and will be held in your own name. This means that when paying you, your customers will address their payment to you, and not to Rutland FX or The Currency Cloud.