Verto's Global Accounts allows your business to collect payments in up to 25+ currencies: AED, AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD. ZAR. 

Verto currently offers local accounts in the following 6 currencies: GBP, EUR, USD, DKK, NGN, KES and ZAR.

Verto’s global account allows businesses to create a free international business bank account to be used to receive money from clients directly into a wallet. These are transfers made through the SWIFT network, which is a global network of financial institutions that facilitates international money transfers. This method is typically necessary for larger transactions or transactions between parties in different countries.

Verto’s local account provides businesses with domestic accounts in specific countries. Verto’s local accounts are situated in the country of the currency, for example, GBP is based in the UK, ZAR in South Africa, USD in the USA and NGN in Nigeria. These accounts allow you to receive payments within a country using the local clearing system. This method is ideal for receiving payment from parties within the same country/area. 

We support payments into local and global accounts from businesses only. Payments from individuals will be rejected.

Verto’s Multi-Currency account allows a Verto user to collect funds from other Verto users in up to 51 currencies. These funds can be held in a digital multi-currency wallet that enables businesses to hold and manage various currencies seamlessly. 

You can hold and transact up to 51 currencies with a Verto multi-currency account. See complete list of currencies here.

Transactions between wallets within Verto’s multi-currency wallets are free and wallet-to-wallet transfers are almost instantaneous. 

Verto’s multi-currency account is typically for businesses who require their funds to be on a platform where they can convert on the go, make payouts or manage treasury operations.