FX with iFAST: How iFAST Global Bank maximises your foreign currency usage

When you hear “foreign exchange”, what comes to mind? 

Probably converting one currency into another. 

But if you already hold multiple currencies, exchange is only the beginning. 

Foreign currency might be money you’re saving. Money you need to send overseas. Money you’ll spend on your next trip. Or simply money you want ready when an opportunity arises. 

Your iFAST Multi-Currency Current Account is designed to help you do more with it. 

Here are five ways to make your foreign currencies work harder. 

1. Hold 11 currencies in one account 

An international financial life rarely stays in one currency. 

You might receive GBP, save USD, travel with JPY or need EUR for an upcoming payment. 

Instead of treating every currency as a separate financial relationship, your iFAST Multi-Currency Current Account lets you hold and manage 11 supported currencies: 

GBP, USD, EUR, HKD, SGD, CNY, JPY, CHF, AED, CAD and AUD. 

The benefit isn't simply having access to more currencies. 

It's having more of them together, ready when you need them. 

2. Exchange currencies without a separate exchange fee 

Holding multiple currencies is useful. Being able to move between them easily makes them even more useful. 

With iFAST Global Bank, you can exchange between supported currencies within your Multi-Currency Current Account without a separate currency conversion fee. 

You can review the available exchange rate before confirming your transaction, giving you greater visibility over what you're exchanging and what you'll receive. 

So whether you're preparing for a trip, managing incoming money or simply repositioning currencies, you can do it directly within the account you already use. 

No separate FX app. No need to move money elsewhere first. 

3. Earn interest while you hold foreign currencies 

Foreign currency doesn't necessarily have to sit idle while you're waiting to use it. 

Balances in all 11 supported currencies within your iFAST Multi-Currency Current Account can earn interest, subject to applicable rates and terms. 

That creates an important difference between simply having foreign currency and making it part of your broader money strategy. 

You could be holding a currency for future travel, an upcoming payment or simply because you want exposure to that currency. 

While it's there, it can still be doing something. 

Your currencies don't have to wait for you to use them before they start working. 

18+. Interest rates are variable and subject to change. Please refer to the iFAST Global Bank website https://www.ifastgb.com/en/interest-rates?prod=mca for current rates, eligibility and full terms and conditions. Eligible deposits are protected by the FSCS subject to applicable limits and conditions. 

4. Send foreign currency internationally 

Sometimes your money needs to stay with you. 

Sometimes it needs to go somewhere else. 

With EZRemit and EZWallet, eligible international payments can be sent from your iFAST account to supported bank accounts and digital wallets overseas. 

That could mean supporting family, sending money to someone studying abroad or making another eligible international transfer. 

Instead of thinking about foreign currency purely as something to exchange, it becomes something you can move internationally when you need to. 

Transfer availability, timing, currencies, destinations and fees depend on the transfer type and receiving market. Same-currency international transfers may incur fees. Please refer to the applicable Fees and Charges and product terms. 

5. Spend across currencies with Worldwide Scan & Pay 

And then there's the most everyday use of foreign currency: 

spending it. 

Across many destinations, QR payments have become part of everyday life. 

Worldwide Scan & Pay lets you use participating QR codes to make eligible cross-currency payments directly through the iFAST GB app. 

Scan the merchant's participating QR code, review the payment and complete it using your iFAST account. 

No separate local payment wallet to set up just for that transaction. 

So the same multi-currency account you use to hold and manage foreign currencies can become another way to use your money when you're abroad. 

Scan & Pay is for cross-currency payments only. Availability varies by market and participating merchant. T&Cs apply. 

What can you actually do with foreign currency in iFAST? 

Quite a lot. 

Hold it. 
Across 11 supported currencies. 

Exchange it. 
Between supported currencies without a separate conversion fee. 

Earn on it. 
With interest-bearing balances across supported currencies, subject to applicable rates. 

Send it. 
Through eligible international payment services such as EZRemit and EZWallet. 

Spend it. 
Through Worldwide Scan & Pay at participating QR merchants. 

That's why thinking about FX purely as “currency exchange” misses much of the point. 

Become more fluent in your foreign currencies 

Being internationally minded shouldn't mean constantly moving money between different providers whenever you want to do something different. 

The currencies are already in your iFAST account. 

The question is: are you making full use of them? 

Explore the tools already available to help you hold, exchange, earn, send and spend across currencies. 

Make more of your money, in whatever currency it's in.