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. If you would benefit from having multiple Currency Accounts for a given currency, Ebury offers a virtual account solution tailored to your needs.
All client funds held with Ebury are securely stored in Ebury’s accounts in tier 1 banks in the UK and in other countries where we are regulated. We comply fully with all relevant regulations and ensure your funds are appropriately segregated from our own funds.
Rutland FX is a programme manager of Ebury Partners UK Limited which 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. We safeguard 100% of the funds we hold for clients, not only a proportion like banks do. In the unlikely event of Ebury’s insolvency, an administrator will reimburse you from the safeguarded funds.
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.
You can view and download pdf reports from the Ebury Online platform showing the history of payments in and out for a given currency. It also details the list of your FX transactions with Ebury. SWIFT statements such as MT940 or MT942 formats are not available just yet but will be available shortly.
We do not currently support Direct Debits.
Payments sent from your Currency Accounts will be sent in your own name. The recipient will receive funds from you, not from Ebury.
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 Ebury.