One Company Account, Four Currencies
Account details in your company's own name for USD, EUR, GBP and AED. Customers pay you on the rail they already use, the money lands in the currency they sent, and you decide when to convert.
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What the Account Does
The list is short on purpose. Everything on it is a thing the account does, not a thing it could be configured to do one day.
Four sets of details
USD, EUR, GBP and AED, each on its own local rail rather than a currency conversion at the door. A euro invoice is paid in euro and stays in euro.
Incoming on local rails
SEPA and SEPA Instant for euro, Faster Payments and CHAPS for sterling, ACH and wire for dollars, local UAE transfers for dirham. SWIFT where the sender has nothing else.
Convert when you choose
Balances sit in the currency they arrived in. Conversion is an action you take, at a rate you see first, not something that happens to the money on arrival.
Cards funded from the same balance
Team cards draw on the account directly. No second top-up step, no separate float to keep watch on, one place where the money is.
Stablecoin in, fiat out
The account also takes USDT and USDC. Converted once at 2.5%, they become a fiat balance you can pay a supplier from.
One export, all currencies
Statements come out as one file with the currency on each line, so reconciliation is a single import rather than four.
The Four Currencies
What each set of details is actually for. Rails listed are the ones the account is being built on; anything not listed is a conversation rather than a no.
| Currency | Incoming rails | Typically used for |
|---|---|---|
| EUR | SEPA, SEPA Instant, SWIFT | Customers and suppliers across the euro area, where an IBAN in your own name is expected on the invoice |
| GBP | Faster Payments, CHAPS, SWIFT | UK customers paying same-day, and payroll or supplier runs that need to clear within the working day |
| USD | ACH, domestic wire, SWIFT | US customers, marketplaces and ad platforms that settle in dollars and dislike paying a foreign account |
| AED | UAE local transfer, SWIFT | Trade settled through the Gulf, and companies formed in the UAE that need a dirham account alongside a European one |
Cash and cheques are not accepted on any of the four. Every incoming payment arrives electronically, from a named sender, which is also what makes the audit trail worth having.
From Application to First Transfer
Written the way it actually runs. A provider promising a corporate account in an afternoon is describing a sub-ledger, not an account in your name.
Tell us the shape of the business
What the company does, where its customers are, which currencies it invoices in and roughly what volume moves each month. We say at this point if it is something we cannot serve — the answer does not improve later.
Company verification
Incorporation documents, ownership above the usual threshold, and identification for the people who will operate the account. Where ownership runs through several entities, expect this to be the slowest part.
Institution review
The underlying institution runs its own review. We cannot shortcut it and we do not pretend to. What we can do is tell you what it will ask for before it asks.
Details issued
Four sets of account details in your company's name. At this point you can put them on an invoice.
Cards, if you want them
Team cards drawing on the same balance, with per-card limits and controls. This step is optional and can come months later.
What This Account Is Not
Worth reading before the application rather than after. None of the following is on a roadmap we are hiding.
- Not a bank account — NELVOI is a financial technology company, not a bank. Accounts are held with regulated partner institutions, and the protections that apply are theirs, not a deposit guarantee from us.
- No credit of any kind — No overdraft, no lending, no settlement in advance of funds arriving. You can spend what is in the account and nothing beyond it.
- No cash — Nothing can be paid in over a counter or by cheque. Every credit arrives electronically from a named sender.
- Not open yet — NELVOI is pre-launch. Applications are being taken and reviewed by hand; no account has been opened and no money has been held. Anyone offering you one today is not us.
Questions About Business Accounts
Yes. That is the point of the product, and it is why onboarding takes days rather than minutes. If a provider issues details in an afternoon, the account almost certainly sits in their name with your balance tracked inside it — which works until a customer's finance team runs a name check.
No. Most companies start with the one or two they actually invoice in and add others later. There is no benefit to holding details you do not use, and an unused account is one more thing to explain to an auditor.
It depends on how it was sent. A transfer routed to one of your four sets of details in a different currency is converted by the sending or intermediary bank before it reaches you, at their rate — which is usually worse than ours and is outside our control. Ask the customer to pay the details matching their currency; that is what the four sets are for.
Yes — USDT and USDC. They are converted once at 2.5% and land as a fiat balance you can pay a supplier from. See [how top-ups work](/blog/what-can-you-top-up-a-crypto-card-with) for the mechanics.
This is the account; [corporate accounts](/corporate-accounts) is what your team spends from. Most companies want both, and the cards draw on this balance directly. You can also have the account without ever issuing a card.
Every fee we charge is on the [pricing page](/pricing), and we do not keep a separate business tariff out of view. Where an underlying institution charges for a specific rail, that is passed through at cost and shown before you send.
That list is set by the underlying institutions and moves, so publishing it before launch would be publishing something we would have to correct. Tell us where the company is registered and we will answer for that jurisdiction rather than in general.
Customer funds are held at partner institutions, separate from our own company money, which is what stops them being available to our creditors. That is not the same as a deposit guarantee scheme, and we will not describe it as one. The [security page](/security) sets out how it works.
Tell Us About the Company
Where it is registered, which currencies it invoices in, and roughly what moves each month. We come back with what is possible for that jurisdiction and what the institution will ask for.
- We say at the first conversation if we cannot serve your jurisdiction
- Applications are reviewed by hand, not scored by a form
- Nothing is charged and no account is opened while we are pre-launch
