Currency Account

An account supporting your company's foreign trade

A Currency Account is a currency-denominated payment transaction account for your company, forming the basis of your cash management if you regularly and continuously engage in international trade in a non-euro currency.

You can direct incoming international currency-denominated payments to the account and pay even large currency amounts from it. You can open a Currency Account in any quoted currency.

Thanks to our foreign exchange trading services, your company can use the currency of your choice and effectively hedge against exchange rate risks using currency derivatives.

Since a Currency Account bears interest, it is also suitable for investing your company's temporary cash surplus.
Janne Partanen‚ Development Manager, OP

The Currency Account's interest rate is tied to a fixed interest rate depending on the currency and determined by OP.

You can follow your Currency Account's balance and transactions with our versatile bank statement and reference services. You can make credit transfers from the Currency Account using bank connection software and eServices.

For a larger currency amount, you might consider investing it for a fixed term. In that case, the interest rate is fixed and it is determined based on the euro-market interest rates, invested amount and investment period.

The funds and the deposit interest fall within the scope of deposit insurance up to the amount prescribed by law. OP Financial Group member banks are considered as a single bank from the perspective of deposit insurance.

The account is granted by the OP cooperative bank.