Whether you’re running a crypto exchange, a gambling platform, a forex education site, or an adult subscription platform, chances are you deal with multiple currencies — daily.
And in 2025, that makes banking even more complex.
Most EMIs and banks don’t want to deal with risk. Fewer want to deal with high-risk companies that also handle EUR, USD, GBP, and crypto simultaneously. And almost none will tolerate this setup without structure.
But it’s still possible.
In this guide, we show you:
- What a multi-currency business account really is
- Why high-risk firms need one
- How to secure multi-currency accounts that actually work
- What jurisdictions and providers still support this setup
- How to build a structure banks and EMIs say “yes” to
What Is a Multi-Currency Business Account?
A multi-currency business account lets your company:
- Receive and send money in multiple currencies (EUR, USD, GBP, etc.)
- Hold multiple balances in one or more accounts
- Manage payments to/from clients in different countries
- Reduce FX exposure and conversion fees
- Sometimes — also hold or off-ramp crypto in parallel
But not all multi-currency accounts are the same.
| Type | What You Get |
| EMI (Europe) | EUR + optional USD/GBP via partner bank |
| Offshore bank | USD/GBP + multi-currency SWIFT support |
| Traditional EU bank | EUR primary + limited FX capability |
| Crypto PSP/OTC + EMI | Crypto to EUR/USD/GBP with KYT integration |
Why High-Risk Companies Can’t Rely on One Currency
If your company operates in multiple jurisdictions, works with global clients, or deals with crypto and alternative payment flows, you can’t survive on a EUR-only IBAN.
Here’s why:
- 🎯 Your clients pay in different currencies (USD for LatAm, GBP for UK, EUR for EU)
- 🛠️ Your suppliers and PSPs may settle in USD or GBP
- ⚠️ Relying on one EMI limits your flexibility — and increases closure risk
- 💸 Every unnecessary conversion = lost margin
- 💰 Some offshore PSPs only settle in USD
💡 Multi-currency = more resilience, better profit margins, and fewer disruptions.
The Core Challenges of Getting Multi-Currency Access
For high-risk companies, the barriers are steep:
| Challenge | Why It Happens |
| ❌ Limited EMI capability | Many only offer EUR IBANs with sub-accounts |
| ❌ USD access is restricted | Due to correspondent bank de-risking |
| ❌ GBP setups often local-only | UK EMIs under pressure post-Brexit |
| ❌ Crypto exposure flags you | Banks and PSPs drop clients without warning |
| ❌ FX flows misunderstood | High volume FX = suspicious if undocumented |
To get approved, you must:
- Structure entities and flows by currency
- Declare crypto exposure and show KYT tools
- Separate client intake and treasury functions
- Use providers who actually accept high-risk clients
EMI vs Traditional Bank vs Offshore Account Comparison
| Feature | EMI (EU) | Offshore Bank | Traditional EU Bank |
| EUR access (SEPA) | ✅ Yes | ❌ Usually not | ✅ Yes |
| USD access (SWIFT) | ⚠️ Sometimes | ✅ Yes | ✅ Rare, only if low-risk |
| GBP support | ⚠️ Sometimes | ✅ Yes | ✅ Sometimes |
| Crypto onboarding tolerance | ✅ Moderate | ✅ High | ❌ No |
| Speed of onboarding | ✅ 7–21 days | ⚠️ 2–8 weeks | ❌ 1–3 months+ |
| Risk tolerance | ✅ Moderate | ✅ High | ❌ Very low |
| Ideal use case | Ops + PSP | Treasury + crypto | Licensing + tax base |
💡 Use EMIs for daily flows, offshore banks for holding, and EU banks for credibility (if possible).
Top Jurisdictions for Multi-Currency High-Risk Accounts
| Jurisdiction | Why It Works | Ideal Currencies |
| Lithuania | Fast onboarding, crypto-tolerant EMIs | EUR, some USD |
| Malta | iGaming-friendly, adult-tolerant | EUR, USD |
| Czech Republic | PSP-friendly, multi-EMI ecosystem | EUR, GBP |
| Belize | Offshore USD + crypto setups | USD, USDT, EUR |
| Switzerland | High-trust reserve accounts | EUR, CHF, multi-currency |
| UAE (ADGM, DMCC) | Great for crypto-to-fiat OTC pairs | AED, USD, crypto |
Use jurisdictions to balance access, stability, and currency needs.
Building a Setup That Won’t Get Flagged or Shut Down
To secure multi-currency accounts that actually last, your setup needs to be:
✅ Transparent
✅ Structured
✅ Segmented by risk and currency
✅ Introduced via vetted channels (no cold applications)
Here’s a sample flow:
| Component | Currency | Role |
| Lithuanian EMI | EUR | Client intake + SEPA settlements |
| Belize Bank | USD | Treasury + PSP fallback |
| Czech EMI | EUR, GBP | PSP-linked EMI for EU/UK flows |
| OTC Partner (Swiss/UAE) | USDT | Crypto off-ramp into EUR/USD |
| Swiss Private Account | EUR, CHF | Holding and investor inflow layer |
Each account is declared, has a clear use case, and matches a real business function.
Real Case Study: Crypto+FX Business with 5 Currency Channels
Company Type: Crypto margin trading education + B2B FX brokerage referrals
Entity Structure:
- Cyprus OpCo + BVI HoldCo
- Licensed OTC partner in Switzerland
- UBOs from EU
Setup:
- Czech EMI: EUR account (SEPA + card issuing)
- Offshore bank (Belize): USD operations + FX commission settlements
- Swiss OTC desk: Crypto off-ramp for stablecoin inflows
- UK EMI: GBP account for UK affiliate campaigns
- Swiss private bank: Treasury storage in EUR/CHF
Compliance Tools: Chainalysis KYT, AML docs, full structure diagram
Result:
✅ Multi-currency setup live within 45 days
✅ No provider overlaps functions
✅ All flows tested with small transactions first
💡 Lesson: Currency is a compliance category — separate flows to reduce flags.
Key Documents Required for Multi-Currency Onboarding
| Document | Required For |
| Company incorporation docs | All accounts (EMI, bank, offshore) |
| UBO verification + proof of address | KYC for each provider |
| Flow-of-funds map by currency | EMI, PSP, and offshore onboarding |
| Business model summary (plain language) | All applications |
| KYT/AML policies | Crypto or FX flows |
| Transaction forecast (by currency) | Must align with business description |
| Website, platform, or demo | EMI & bank compliance approval |
| Sample contracts or invoices | PSP and offshore bank validation |
Pro tip: Include a cover letter showing which currency goes through which account.
Tools That Help: KYT, AML, Wallet Logs, and PSP Reports
Banks and EMIs want proof you know your flows. Use tools like:
- Chainalysis / Elliptic / Crystal → wallet risk scoring
- SumSub / IdentityMind → creator/onboarding KYC
- Notabene → Travel Rule implementation
- PSP dashboards → screenshots of flow volume
- Xero / QuickBooks → to show accounting integration
💡 If your flows touch crypto or gaming, you MUST show traceability.
How BankMyCapital Helps You Secure These Accounts
BankMyCapital doesn’t open accounts or hold client funds — but we do everything else to make sure you succeed where others get rejected.
Here’s how we help high-risk clients secure multi-currency accounts:
✅ Structure Design:
- Map out your client flows, jurisdictions, and revenue channels
- Recommend how to separate risk (crypto, gaming, FX, adult)
- Propose a layered EMI/offshore/bank setup based on your real needs
✅ Document Preparation:
- Help write a bank-compliant business summary
- Build a currency-by-currency flow chart
- Organize and label KYC/KYT documentation
- Translate and notarize documents if needed
✅ Introductions to Providers:
- Introduce your case to EMIs, banks, and OTC desks that still onboard high-risk clients
- Match you based on volume, currencies needed, and acceptable industry verticals
- Support post-onboarding (including account testing and PSP integration)
✅ Risk Advisory:
- Advise when to move flows between accounts
- Help isolate flagged transactions
- Assist during compliance reviews or refreshes
💡 We’re not just here to help you open accounts — we help you keep them open.
FAQ: Multi-Currency Accounts for Risky Verticals
Q: Can I get EUR, USD, and GBP in one account?
Rarely. EMIs typically offer EUR + one FX currency. For full coverage, use multiple accounts and providers.
Q: Is USD access still possible in 2025 for crypto/gambling companies?
Yes — but mainly through offshore banks and OTC desks. EMIs can process USD only through partner banks, and it may be slower.
Q: Do I need a license for this kind of structure?
Only for regulated activities (e.g., FX brokerage, PSP). If you’re a platform or consultant, clear documentation and flow segmentation is often enough.
Q: Can I get crypto and fiat under the same EMI?
Some EMIs allow it, but it’s risky. It’s usually better to segment crypto into its own account or partner ramp.
Q: How fast can this be set up?
With full documents and an introducer:
- EMI (7–14 days)
- Offshore bank (10–30 days)
- Swiss OTC onboarding (7 days)
- Entire structure: 3–6 weeks
Final Thoughts + How to Get Started
A single-currency, single-account business is a liability in 2025.
If you operate in crypto, gambling, FX, or adult — you need flexibility, backup, and compliance-ready separation of flows.
✅ EUR for EU clients
✅ USD for PSPs and offshore flows
✅ GBP for UK or affiliate campaigns
✅ Crypto for global settlements
✅ Treasury structure for investor trust
If you build it right, your business doesn’t just survive — it thrives under pressure.
📩 Need help designing and securing a multi-currency setup for your high-risk business?
Contact BankMyCapital for a no-obligation strategy session.
We’ll assess your structure, recommend improvements, and connect you with the right EMI, bank, or PSP to support your flow — legally and securely.