Italian bank FinecoBank expands currency offering for UK clients
Italian bank FinecoBank is expanding its global currency offering for UK clients as part of its ongoing investment in the country in a move aimed at satisfying client demand in the global hub.
The bank, which currently offers customers the chance to open an account in US dollars, euros, Swiss Francs, UK pounds sterling, is adding a further eight global currencies to its currency portfolio.
From now on, the bank's customers will be able to open accounts and hold Australian Dollars, Canadian Dollars, Japanese Yen, Russian Rubles, Mexican Pesos, Swedish Krona, and Turkish Lira.
The move will also enable customers to swiftly exchange from one currency to another as well as to perform payments globally without having to worry about exchange rates or international money withdrawals.
"This expansion is a logical next step for the bank that will enable customers to operate like a local in different markets around the world. The world is becoming smaller and as customers become more mobile, both for personal and business interests," said the firm in a statement.
FinecoBank launched in the UK in mid-2017, having received authorisation from the Financial Conduct Authority and the Bank of England's Prudential Regulation Authority.
Since 2018, the bank has been offering brokerage, investment and multicurrency banking services specially geared to meet UK market needs.
Alessandro Capuano Head of Global Brokerage & International Business Development said: "We are noticing increasing demand from consumers needing access to a variety of international currencies to perform transactions in different countries. At the bank, we also believe that from a pure asset diversification point of view, people are starting to hold their cash savings in different currencies specially in this period of Brexit uncertainty.
"As a multicurrency bank we will continue to listen to our customers and further invest and expand in this area."
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