No more IBAN mayhem
If you make payments in multiple currencies to suppliers around the world, you’ll be used to having multiple currency accounts with your bank and a different IBAN for each currency in each country in which you operate. You’ll also be used to paying noticeable monthly fees for these.
If you invoice customers in other currencies, you’ll be sending out a different IBAN on each invoice, which is time consuming and costly, not to mention error-prone. MGP’s multi-currency account puts an end to all of this, by giving you a single, free, international bank account number (IBAN) that you can use to send, receive and store in 34 currencies.
Your MGP Multi-currency account
You can manage your MGP multi-currency account through our online platform (via both mobile and desktop).
That means you can exercise control over your global cash flow, from wherever you happen to be in the world, without the intervention of anyone else, resulting in outstanding savings of both costs and time.
Some of the benefits of making payments through MGP
For international payments, MGP’s fast, easy to use platform gives you huge benefits over both traditional banks and legacy foreign exchange providers.
Receive, convert and pay out funds - from anyone and to anyone, switching between the most traded currencies.
Receive and send funds in 34 currencies via SWIFT and send funds in up to 17 currencies locally.
Opened in your business name at no cost, within 48 hours, named currency accounts support your growth
24/7 global access
Manage your multi-currency account online anywhere world- wide, through your desktop browser or mobile.
Removing manual processes and eliminating errors, payments are automatically reconciled saving you time and money.
Getting paid quickly by customers worldwide in their preferred currency is no longer a barrier to your growth.
“MGP Solutions have been an invaluable partner as we have moved from a UK to a global market. They understand the TV sport industry and the hedging and cashflow challenges we face daily. MGP work with us to provide the best hedging models for each contract as they all have unique requirements. Their insight and level of personal service is unrivalled in my experience of FX brokers and their flexibility enables us to be nimble.”
Allan, Head of Finance
“Before working with MGP we had partnered with several providers of currency exchange. The most frustrating thing was a lack of transparency around the margin being taken by the provider. The benefits I value most are transparency and the platform which is easy to use for simple spot trades. If I need advice on something specific, I can make a phone call to get it.”
Paul, Managing Director
“Second to none when it comes to handling foreign currency exchanges. Not only knowledgeable, engaged and efficient but offered an unrivalled level of customer experience - essential when it comes to critical financial transactions.”
Glenn, Managing Director
Unify all of your currency activities
With our multi-currency account accessible through our online platform, MGP lets you bring international revenue collection and reconciliation onto the same, easy to manage platform as sending international payments and hedging against movement between currency pairs. It’s a complete solution designed for transacting digitally in today’s global marketplace.
Peace of mind
Currency exchange and international payment services are provided through MGP Solutions by companies who are fully authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Some of MGP Solutions currency exchange and international payment services are provided by The Currency Cloud Limited, registered in England with company number 06323311. Registered office: Stewardship Building, 1st Floor, 12 Steward Street, London E1 6FQ.
The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number 900199. Client funds are processed securely via segregated client accounts.