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Manage foreign exchange without the complexity

Caxton’s multi-currency business account helps companies manage international payments and foreign exchange in one place. Hold, send and receive funds in multiple currencies, access competitive FX rates, and use local account details to simplify cross-border transactions. Whether you’re paying overseas suppliers, receiving international revenue, or managing currency exposure, Caxton gives you clarity, control and cost efficiency across your FX and currency workflows.

Open account

How International Payments and FX Work with Caxton

1

Open a multi-currency account

Access multiple currencies through one business account.

2

Receive or fund your account

Use local account details or transfer funds from your existing bank.

3

Convert currency at competitive FX rates

Exchange when it suits your business, with full rate transparency.

4

Send international payments

Pay suppliers, partners or overseas teams in their local currency.

5

Track and reconcile

Monitor balances, FX conversions and payments in real time.

Caxton vs Traditional Banks and FX Providers

Traditional banks and standalone FX providers often force businesses to choose between high costs, slow processing, or limited visibility. Caxton combines international payments and foreign exchange into a single platform designed for operational efficiency, transparency and control.

Features

Multi-currency account
FX pricing transparency
International payment speed
Local account details
Payment tracking & visibility
Operational complexity
Accounting integration
Scalability
Regulation & security
Best for
FCA Regulated

Banks

Limited or requires separate accounts
Low – wide, hidden margins
Slow (often 2–5 business days)
Rare or complex to set up
Limited
High – multiple systems and approvals
Manual or limited
Not flexible for growing FX needs
Regulated banks
Domestic-first businesses
Yes

FX Providers

Often FX-only, limited account functionality
Competitive but varies by provider
Faster than banks in some corridors
Limited availability
Partial
Medium – often FX and payments are separate
Varies by provider
Suited mainly to FX transactions
Regulated but FX-focused
Businesses focused on last minute rates
Sometimes

Caxton

Yes – hold, send and receive multiple currencies in one account
Competitive, transparent FX rates
Optimised routes, typically 1–3 business days
Available in key currencies for easier inbound payments
Real-time balances, transactions and FX visibility
Low – FX and payments in one platform
Integrates with leading accounting platforms
Supports occasional to high-volume FX activity
FCA-regulated payments institution
Businesses needing control, clarity and efficiency across FX and payments
Yes

Banks

Multi-currency account - Limited or requires separate accounts
FX pricing transparency - Low – wide, hidden margins
International payment speed - Slow (often 2–5 business days)
Local account details - Rare or complex to set up
Payment tracking & visibility - Limited
Operational complexity - High – multiple systems and approvals
Accounting integration - Manual or limited
Scalability - Not flexible for growing FX needs
Regulation & security - Regulated banks
Best for - Domestic-first businesses
FCA Regulated - Yes

FX Providers

Multi-currency account - Often FX-only, limited account functionality
FX pricing transparency - Competitive but varies by provider
International payment speed - Faster than banks in some corridors
Local account details - Limited availability
Payment tracking & visibility - Partial
Operational complexity - Medium – often FX and payments are separate
Accounting integration - Varies by provider
Scalability - Suited mainly to FX transactions
Regulation & security - Regulated but FX-focused
Best for - Businesses focused on last minute rates
FCA Regulated - Sometimes

Caxton

Multi-currency account - Yes – hold, send and receive multiple currencies in one account
FX pricing transparency - Competitive, transparent FX rates
International payment speed - Optimised routes, typically 1–3 business days
Local account details - Available in key currencies for easier inbound payments
Payment tracking & visibility - Real-time balances, transactions and FX visibility
Operational complexity - Low – FX and payments in one platform
Accounting integration - Integrates with leading accounting platforms
Scalability - Supports occasional to high-volume FX activity
Regulation & security - FCA-regulated payments institution
Best for - Businesses needing control, clarity and efficiency across FX and payments
FCA Regulated - Yes

Expert analysis at your service

Stay ahead of the market with expert insight. In this special Budget edition of Caxton’s Currency Outlook, our senior analyst, David Stritch, breaks down the Chancellor’s announcements and explains what they really mean for businesses trading FX. 

Clients benefit not only from this public analysis but also from tailored discussions with their account managers, helping them understand how budgetary shifts could affect their specific cash flow, international payments, and FX exposure.

What is a multi-currency business account?

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A multi-currency account allows businesses to hold, send and receive money in multiple currencies from one platform. Instead of opening separate bank accounts in different countries, Caxton provides local account details and FX capabilities in a single interface.

How does Caxton handle foreign exchange (FX)?

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Caxton offers competitive FX rates with full transparency. Businesses can convert currency as needed, track conversions in real time, and avoid hidden bank margins that often increase the true cost of FX.

How fast are international payments?

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International payment times vary depending on the destination country and currency. Most payments are completed within 1–3 business days, often faster and with fewer deductions than traditional SWIFT transfers.

Can I receive international payments as well as send them?

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Yes. Caxton provides local account details in key currencies, allowing customers or partners to pay you as if they were making a domestic transfer.

Is Caxton suitable for businesses with regular FX exposure?

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Yes. Caxton supports both occasional international payments and businesses with frequent FX needs, providing visibility, control and predictable costs across currencies.

How does Caxton compare to banks for FX and international payments?

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Banks often combine slower processing with higher FX margins and limited transparency. Caxton is designed specifically for business FX and international payments, offering better visibility, simpler workflows and more competitive pricing.

Is Caxton regulated and secure?

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Caxton is an FCA-regulated payments institution. Transactions are encrypted, audited and fully traceable, with approval workflows and user controls to protect your business.