Hold and Handle Funds in Multiple Currencies with a Technocash Account

How do I handle Multiple International Currencies Efficiently?

Are you currently managing multiple accounts to hold funds for different currencies? Are you paying monthly fees for each account in every single different currency? Dealing with numerous accounts is a hassle that can be minimised by just one account that allows you to hold balances in different currencies, known as a multi-currency account provided by Technocash Limited. It provides an integrated platform for users to hold and move funds in multiple currencies without having to handle a myriad of accounts and paying separate fees for them. A true multi-currency account with financial institution Technocash enables you to hold funds in multiple currencies, such as AUD, USD and EUR to ease your global payments and collections.

For example, are you an Australian-based company importing regularly from the United States? Technocash helps companies by giving them an optimized global payment solution. A multi-currency account allows you to load AUD via Internet banking, convert funds to EUR then transfer the money internationally in Euros to Europe. Being able to hold your funds in numerous currencies also means reducing foreign exchange (FX) conversion costs typically associated with moving money in different currencies. For more information, email Technocash on support@technocash.com. Visit http://www.technocash.com/pages/_moving_money.cfm for a list of supported currencies around the world.

An Insight into the Numerous Benefits of Easy and Concurrent Management of Multiple Currencies

International business owners benefit from a convenient and cost-effective method of transacting and interacting, provided by Technocash. Standard wire transfers involve a significant financial cost and time spent on waiting for it to go through. To move money globally, exorbitant fees apply. For example, a wire transfer of USD1000 from the United States to Australia can incur an approximate cost of USD100 for a single transaction. Need to export and import overseas regularly? Multiple FX conversion costs incurred by international transactions snowball and dip into your profits unnecessarily. An account that enables you to hold and handle balances in different currencies, such as Technocash's Business account, allows you to transfer money in your currency of choice easily and at a low cost.

Minimising the Impact of Foreign Exchange Volatility with Technocash's Multi-Currency Account

Foreign exchange volatility is calculated by how much the value of a currency fluctuates in comparison to other currencies in the foreign exchange market. The majority of currencies are pegged to the US dollar and variability in the value of a currency is contingent on numerous factors, such as the performance of other currencies, interest rates, inflation and global economic performance.

A multi-currency account that enables you to do instant international money transfers 24 hours, 7 days and 365 days a year helps you avert the uncertainty of the foreign exchange market. The ability to manage and handle your funds in an easy-to-use multi-currency account affords you greater control and flexibility over your money. Technocash's Business account for example, allows you to transfer funds directly to any Technocash account instantly, eliminating delays in receiving payment and bypassing holidays and weekends in the sending and receiving country. This gives you more certainty over possible fluctuations in the exchange rate. Would you like to have international money transfer support provided to your customers/suppliers without any additional costs? Email Technocash on support@technocash.com for more information.

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