The Best Multi-Currency Business Accounts in Italy in 2026

What a multi-currency business account does

A multi-currency business account keeps customer revenue in its original currency, letting you choose when to convert it or use it for foreign expenses.

An Italian exporter could retain dollars from a US customer, pay a dollar supplier from that balance, then convert only the amount needed for euro payroll.

Holding a currency does not automatically give you local receiving details, and paying from an unchanged balance can still attract a transfer fee.

Occasional supplier payments can use international business money transfers without maintaining several balances, while personal travel spending belongs with personal multi-currency accounts.

Compare business accounts available in Italy

These five accounts support Italian businesses, with different account requirements, currency features and protection for the balances you hold.

Foreign customer revenue and reusable currency balances

9.2

Wise

Visit

"Wise Business is used by 300,000+ businesses each year. Easy integrations with Xero, QuickBooks, FreeAgent and more are available."

Team expenses funded from overseas receipts

8.8

Airwallex

Visit

"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."

Marketplace sales and stock purchases

8.7

WorldFirst

Visit

"WorldFirst helps growing businesses control cross-border costs with forward contracts and tailored FX solutions. Manage 40+ currencies and make international payments with specialist support on-hand."

Business bank deposits with currency allowances

8.6

Revolut

Visit

Italian bank deposits for SMEs and professionals

?

Mediobanca Premier

Visit

Which account would I choose?

Wise keeps customer revenue available across a broad range of currencies

I suggest starting with Wise when your company receives customer invoices in several currencies and wants to reuse those balances without committing to a monthly plan.

You can hold more than forty currencies, although local receiving details cover a smaller selection and some incoming wire payments carry fixed charges.

For an Italian business, the extra €8 foreign-currency network charge makes repeated unchanged-currency supplier payments a separate decision from receiving and holding revenue.

The €8 charge excludes euro SEPA payments, SWIFT transfers, card purchases and Wise-to-Wise transfers, and sits alongside the ordinary external payment route fee.

If your company makes ten qualifying unchanged-currency payments below the waiver threshold, those additional charges total €80, even though no currency exchange takes place.

My suggestion is to compare that payment pattern with another account before moving your supplier payments, especially if keeping €20,000 here would tie up cash needed elsewhere.

Airwallex brings foreign balances into your team's expense workflow

Airwallex fits an Italian company whose overseas revenue funds employee cards, software subscriptions and supplier invoices, with expenses managed in the same system.

Italian registered businesses apply through Airwallex Netherlands, and your company still needs to pass its business activity, ownership and account verification checks.

In my opinion, it is worth considering when the cards and approval tools save enough administration to justify the subscription and extra active-user charges.

Airwallex prices are exclusive of VAT where applicable, and its 12 October local-transfer changes have a specific start date within the legal fee schedule.

For Explore, that change adds €1 for a next-day USD ACH payment or €2 for same-day ACH, while a local JPY payment becomes €7.

Collecting a customer invoice by bank transfer follows the Global Account charges, while taking the customer's card payment adds payment-processing and settlement charges.

WorldFirst lets sellers recycle foreign sales into stock purchases

WorldFirst suits an Italian seller receiving marketplace or overseas customer revenue, then paying suppliers from the currencies already held in the World Account.

I like the absence of an ongoing account charge for this use, particularly where a business has seasonal sales and does not need a full banking package.

Italian company applications require business registration documents, incorporation documents and identity checks, so your company can apply without creating an overseas company.

The World Card can debit fifteen supported held currencies for an EEA business, including dollars and pounds, without a card FX fee when the matching balance is sufficient.

A larger number of currencies available for merchant spending does not mean your Italian company can hold every one of those currencies in its account.

I suggest funding the exact card currency before recurring advertising or software charges, and checking the bank-payment quote separately when revenue will pay supplier invoices.

Revolut gives currency balances the status of business bank deposits

Revolut Business suits an Italian company that wants foreign balances, employee spending and payment allowances within a bank account rather than a separate electronic money account.

Supported Italian structures include limited companies, partnerships and sole traders, with company registration and activity checks before the business account can open.

I suggest choosing a plan from your monthly exchange and payment volumes, because holding foreign revenue alone does not remove outgoing transfer charges.

A dollar payment from an existing dollar balance still costs 0.2% on the US ACH route, so a US$5,000 payment attracts a US$10 equivalent charge.

The business account currently uses a Lithuanian euro IBAN for Italian companies, which supports SEPA payments, while Italian business IBAN availability remains a future rollout.

Mediobanca Premier holds foreign deposits within Italian business banking

Mediobanca Premier Multicurrency Business serves Italian SMEs and resident professionals or artisans who want foreign bank deposits connected to an Italian euro business account.

My suggestion is to consider it for an established company already using Premier Business, because the compulsory linked euro account adds a substantial cost for a new customer.

The foreign account uses one IBAN and currency subaccounts, with a primary currency chosen from USD, GBP, CHF or JPY when you open it.

The transfer figures are disclosed maximum charges, and your Premier Business contract sets the applicable conditions, so an existing customer's agreed price may be lower.

I suggest using the linked euro account for domestic banking tasks, keeping the foreign account focused on customer receipts, reserves and foreign supplier payments.

Compare the cost of keeping and reusing revenue

Start with a typical month of customer receipts, then count supplier bank payments, company card purchases, conversions and the employees who need access.

Avoiding an unnecessary conversion can preserve more revenue, but the cheapest exchange rate will not settle the comparison when your company makes many small payments.

For example, Mediobanca's standard combined annual account charges equal €25 a month before transfers, while Wise's setup is one-off and Revolut Basic costs €10 monthly.

Those account fees do not compare the full service, since deposits, cards, team tools and foreign-payment charges differ between the providers.

How your company's money is protected

Mediobanca Premier holds bank deposits covered by Italy's FITD scheme, including eligible company deposits and foreign-currency balances, up to €100,000 per depositor at the bank.

Revolut Business deposits are held with Revolut Bank UAB, with eligible deposits covered by Lithuania's deposit protection scheme up to €100,000 across the bank.

Wise, Airwallex and WorldFirst use safeguarding arrangements for their payment or electronic money accounts, which separate customer funds from the provider's own funds.

Safeguarding does not provide the same payout promise as bank deposit insurance, and a separate investment or yield product can carry different protections from the payment balance.

My suggestion is to decide how much working capital to keep in each account from the legal protection, payment needs and access your company requires during a disruption.

How to open an account for your Italian business

Before moving retained revenue to another account, compare the transfer cost for the currency your business needs to send.

Questions about Italian business currency accounts