Move money
Simple, seamless currency conversion
Manage your currency balances and convert between currencies, all in one place. Hold 23+ currencies on your account and convert when you need to. Designed to make international money management simpler, faster and more efficient.
How it works
It runs on your account
Conversion happens between balances you already hold with the matched institution.
23 currencies
Major and emerging market currencies, held securely in multi-currency wallets within your account.
Convert on your schedule
Conversion is decoupled from settlement, so you exchange when your treasury chooses to rather than when a forced settlement decides for you.
Quoted, not advertised
Real quotes from the matched institution for your actual volumes, not a teaser rate with an asterisk.
The 23 currencies you can hold
Balances sit in the currency they arrived in until you choose to convert. Card takings settle across a wider set on the acquiring side, which is covered on multi-currency settlement.
EUROPE
Currencies available to hold as at August 2026. Availability depends on the institution you are matched with and its own onboarding.
Where the cost of a conversion actually sits
Currency conversion has two costs: the fee you see and the spread you may not. The fee appears on your statement, while the spread is the difference between the market rate and the rate applied to your conversion.
A conversion advertised as free is not necessarily cheap, and a conversion with a visible fee is not necessarily expensive. The meaningful comparison is the all-in cost: what you send, what arrives, and the difference between the two.
That is the number based on your currencies, volumes and transaction requirements, before you commit to anything. Rather than publishing a generic rate card, we provide a rate tailored to how you transact. The institution you are matched with is pricing an account it wants to keep open rather than the single trade in front of it, which is a different incentive from a desk that only ever sees you once.
WHAT YOU SENT
WHERE IT WENT
WHAT IT COST
ARRIVEDSPREADFEENOT ON YOUR STATEMENTON YOUR STATEMENTSeparating conversion
from settlement
If your provider converts every incoming payment on arrival, the market decides your rate and the timing is not yours. Sell in euros on a Monday, receive sterling at Monday’s rate, and repeat, whatever the rate happens to be doing.
Holding the currency changes who makes that decision. Multi-currency wallets on the accounts line let takings sit in the currency they arrived in, which means conversion becomes a decision your treasury makes on its own timing rather than a side effect of getting paid.
Common shapes this takes
Earn abroad, spend abroad
Revenue and costs in the same foreign currency. Hold the balance and pay out of it, and the conversion you were making twice disappears.
Earn abroad, spend at home
Conversion is unavoidable, so the question is when and at what all-in cost. Holding the balance lets you choose the moment instead of inheriting it.
Paying suppliers in their currency
Convert once on your side, then pay the exact invoiced amount, so the supplier’s ledger matches on arrival and nobody is chasing a shortfall.
Frequently asked questions
No. Conversion happens between balances held with the licensed institution you were matched with, so there is an account behind every exchange.
No. The account supports conversion between currencies you already hold, at the time you choose to convert. We do not offer forwards, options or hedging products. You can, however, hold currencies rather than convert them immediately. For example, if you invoice and pay suppliers in euros, holding euros can reduce the need for repeated conversions. If you need a contractual exchange rate fixed for a future date, you will need to use a bank or FX broker offering forward contracts.
MDRN FX Services Limited, the group’s own FCA-authorised Payment Institution (FRN 540997, trading as Alpha Transfers).
Rates are quoted by the matched institution for your actual currencies and volumes, with the full cost explained before you commit. No hidden markup. We don’t advertise indicative rates that don’t survive a real quote.
We don’t publish a generic rate because the rate you receive depends on your currencies, transaction volumes and payment flows. Quotes are based on your actual requirements, with every component clearly set out before you commit.
No. Incoming payments can remain in the currency they are received in, giving you the flexibility to convert when it suits your business rather than automatically on receipt.
The licensed institution you are matched with, not VIP360. Balances at an e-money institution are safeguarded under FCA rules, held separately from the institution’s own funds. Our safeguarding page explains what that does and does not protect you against.
Check if we can help
Tell us what you need. You’ll deal with one team, with the group’s licensed institutions behind it, and get a straight answer either way.