Local Currency
Accounts
Local currency account details in UK, Germany, Luxembourg, Australia, Denmark and Liechtenstein, just like a business based there.
Do business like a local
Your company. Your account.
Local currency account and transaction
details, both in your company’s name.
Fewer fees. Faster payments.
Manage your payments locally. Say goodbye to the fees and delays of international transfers.
Same currency.
No conversion costs.Get paid in the currency your customers use, and avoid extra conversion fees.
Pick a country, see what you get
Local currency accounts are live in six markets.
Click through to see the currency, account format, and payment coverage for each.
United Kingdom Local Currency Account
Account Details
Currency
British Pound (GBP)
Account format
Sort code + account number
Account Features
- Account in your company’s name
- Receive and send in GBP
- No transaction limits
Local Payment Rails
- CHAPSRTGS
- Faster PaymentsInstant, 24/7
Simple as ABC
Start with your Hong Kong Business Account,
Add Local Currency Accounts anytime.
Apply for your Hong Kong Business Account
Get approved, usually within 1 - 2 days
Request your Local Currency Accounts
Get them instantly
Start doing business as a local
Already have a Singapore Business Account with Statrys?
Request your Hong Kong Business Account first - Local
Currency Accounts become available once it’s open.
Your accounts
Balance
Hong Kong Account
012-345 · 123456-789
HKD 142,860.20
United Kingdom Account
20-45-12-12345678
GBP 51,287.12
Australia Account
184-446 · 927481
AUD 83,182.86
You’ve got questions
We’ve got answers right here. At least to the most common ones.
Don’t see yours? Ask our Chatbox!
What are local currency accounts?
A local currency account is a type of business account that gives your company account details for a specific country, such as a UK sort code and account number or a German IBAN, in your business's name. It lets you send and receive payments in that country's currency and through its local payment rails, so your business can operate like a company based there instead of relying on international transfers.
How do I open a local currency account?
Log in to your Statrys Digital Backoffice, click "Open additional account," and select the jurisdiction you want to open. Once your application is approved, typically within 1 to 2 working days, you'll receive your local currency account details and can start using them straight away. Once your first local currency account is opened, you can request to open another in a different jurisdiction.
How long does it take to open a local currency account?
Approval times vary by jurisdiction and your account profile, and you will need to complete a quick online KYC. But most applications are reviewed and approved within 1 to 2 working days.
Who can open a local currency account?
All Statrys clients with a Hong Kong business account can request local currency accounts directly from their Digital Backoffice. If your primary Statrys account is in Singapore, you can first request a Hong Kong business account, and once it's opened, you'll be able to access the local currency account options available to Hong Kong account holders.
Are there monthly maintenance fees on local currency accounts?
There are no monthly maintenance fees on local currency accounts.
Can I transfer funds between a local currency account and my Statrys Hong Kong account?
Yes, you can transfer funds in both directions, from your Hong Kong account to a local currency account, and vice versa. The first transfer per calendar month in each direction is free. Subsequent transfers are charged HKD 60.
Can I get a payment card linked to a local currency account?
Statrys payment cards can only be linked to Hong Kong Business Accounts.