Frequently Asked Questions
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What is the difference between Checking Account and Multi-Currency Account?
Checking accounts at Truly Financial are bank accounts that can send and receive payments in the local currency where they are located. This includes:
- U.S. Checking accounts that can send/receive in USD via ACH and Fedwire
- Canadian Checking accounts that can send/receive in CAD through local EFT (available to Canadian corporations only)
- EUR Checking accounts that can send/receive in EUR on the SEPA network
- GBP Checking accounts that can send/receive GBP via BACS
Multi-currency accounts can hold up to 32 currencies and can send/receive those currencies through SWIFT wire transfer. All Truly Financial customers are eligible for multi-currency accounts. All you have to do is send a request to our customer support team to activate the currency you need.
A full list of currencies that you can receive and hold is available on our website.