As part of its ongoing investment in the UK, Fineco Bank, the Italian multi-currency bank, today announced the expansion of its global currency platform for UK-based clients.
Fineco currently offers customers current accounts in US dollars, euros, Swiss francs and UK pounds sterling. But to satisfy high client demand and in recognition of UK's status as a global hub, the bank is adding a further eight global currencies to its multi-currency portfolio.
From today, customers will be able to open accounts and hold Australian dollars, Canadian dollars, Japanese yen, Russian rubles, Mexican pesos, Swedish krona, and Turkish lira, via Fineco Bank's platform. The update will also mean that customers will be able 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 will enable customers to operate like a local in different markets around the world."
This expansion 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, Fineco has adapted and given customers an easy as well as accessible way to manage different currencies.
Since early 2018, Fineco has been offering brokerage, investment and multicurrency banking services specially geared to meet UK market needs. Fineco offers a completely different way of banking to the UK market. Currently, British retail investors typically use several platforms to meet their trading, banking and investment needs. Fineco's high-tech, multi-currency service enables investors to make use of all these services in a single, centralised platform.
Alessandro Capuano, head of global brokerage and 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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