Multi-currency credit account

The same credit. The same account. Different currencies.

If your company operates in foreign trade, this account offers you a single credit limit to operate in euros and in 25 other currencies.

Multi-currency credit features

New website

Now with simpler, more detailed information: limits, activity in each tranche, details of drawdowns and conditions.
A sub-account for every currency

When you always use the same credit limit in euros, you can open as many sub-accounts as the currencies your business needs.
Pay less

Your company will save on administrative expenses and differences in exchange rates: the drawdowns in one currency are offset by the collections received in that same currency.
Choose the credit type

You can choose between normal credit, credit for drawdowns in euros or currencies, or both options.
A simple, clear account

The credit and debit positions of the various sub-accounts are settled simultaneously but separately.
Flexible

You can choose the type of settlement (fixed, variable or reviewable), the repayment period (from one month to one year) and customised prices per currency.

Remember, non-euro accounts are subject to exchange rate fluctuations.

See Multi-Currency Credit Account Conditions Multi-Currency Credit Account Conditions

The Multi-Currency Credit Account is available to both resident and non-resident legal entities.

Apply

The credit facility is formalised in euros and can be used with any of Bankinter's listed and convertible currencies upon prior notification.

Types

The credit facility can be used as credit, with flexibility in repayments, or as forward drawdowns, although you can combine both types to suit your needs and cash flow.

Interest rate

Whether the facility is used as credit or for forward drawdowns, you can choose between a variable or fixed interest rate, customising it according to the currency you want to use.

Interest settlement

Credit and debit interest on credit is settled the same day.
Forward drawdowns in both euros and currencies are settled on the due date and debited to the credit tranche of the currency.

See FAQs FAQs

Can I use a multi-currency credit account for direct debits and deposits?

Yes, it works just like a normal credit account.

If I have balances in currency, does it raise my available credit balance in euros?

No, currency balances are not offset against debit balances in euros.

Is shared ownership possible?

Yes, it's possible, although there can never be resident and non-resident holders in the same policy.

What's the difference between the “policy exchange rate” and the “market exchange rate”?

Policy exchange rate refers to the exchange rate the Bank applies to drawdowns in foreign currency during a given year for the consumption of the policy risk limit. Market exchange rate refers to the price of currencies in the foreign exchange market.

Are market exchange rates taken into account for consumption of the limit?

No, only historical or policy exchange rates that remain in effect for 12 months.

When does the price of currencies change (policy or historical exchange rate) for loans?

Once a year, 15 days before renewal.

Got a question?

The Bankinter Corporate help centre has the answer.

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