Manage your foreign exchange transactions with confidence
Whether you're making a one-off payment or managing ongoing international trade, we offer a range of solutions to help you handle foreign currency transactions, large or small.
If your business imports or exports goods or services, you may need to pay or receive funds in foreign currencies.
Complete your transfers with:
- Business Internet Banking
- M-Exchange, our online foreign exchange transaction system.*
- Telephone, via our team of Foreign Exchange specialists.*
We offer bespoke solutions from our comprehensive suite of foreign exchange products to support importers and exporters of all sizes. Whether your business has regular FX cash flow requirements or faces large one-off foreign currency exposures, we can help you manage risk and optimise your international transactions.
Facilities are subject to status and eligibility
We can support you with
Spot Transactions
Make immediate foreign currency conversions or payments at the current exchange rate.
Forward Contracts
Lock in exchange rates for future currency conversion or payments to help manage risk and cash flow.
FX Swaps
Simultaneously buy one currency and sell another, with a commitment to re-exchange the currencies on a future date, helping you manage liquidity and funding across different currencies.
Foreign Currency Accounts
Hold and manage multiple currencies to streamline international payments and receipts.
Foreign exchange risk management
Our full range of Foreign Exchange products are designed to help your business manage currency risk, optimise international transactions, and gain greater control over foreign cash flows.
Explore Foreign Exchange Risk Management
M-Exchange
A smarter way to exchange currencies
M-Exchange is our currency exchange platform designed to make foreign exchange transactions simple and efficient. Whether you're managing regular FX flows or executing one-off transactions, M-Exchange gives you direct access to a suite of foreign exchange tools all in one easy-to-use interface.
- Secure
Safely and securely exchange currencies to meet your business needs. - Fast
Execute conversions online. - Easy
Access live foreign exchange rates, including our mid-market rate.
M-Exchange explained
Learn how to use our FX trading platform with our short video guide.
- Book rates to exchange currencies.
- Create a personalised Watchlist to follow the latest exchange rates.
- Control your FX transactions, including Spot and Forward transactions.
- Track completed and outstanding transactions with the FX Blotter.
M-Exchange user guide Link opens in a new window
Terms, conditions & other important documents
Important Information
Foreign currency transactions involve the risk of loss because of movements in exchange rates. You should not enter into these transactions if you do not understand the risks. It is your responsibility to monitor your transactions on M-Exchange, Virgin Money will not be liable for your losses in any circumstances.
If you transact certain Foreign Exchange products with us, you will no longer be able to take advantage of favourable market movements.
For example, the FX Forward product will lock you in to a specific rate, so you'll not be able to take advantage of a rate change in your favour. However, as your rate is locked, you'll also be protected from an unfavourable rate change.
In addition, for some products a break cost, which could be significant may be payable if you seek to break the terms of the contract. You should take account of the likelihood of incurring break costs and what causes them to increase before you opt for a Foreign Exchange risk management solution.
More information on our Foreign Exchange products can be found within our key information documents.
Foreign Exchange products are only offered to customers with a currency exposure. Trading of a speculative nature is strictly prohibited.
Ready to apply?
To apply, please ensure you have read the Terms & Conditions. Link opens in a new window Then complete the below application form.
Download application form Link opens in a new windowPlease sign, scan and return to:
*Telephone and M-Exchange Foreign Exchange Services are only available to Virgin Money customers with Currency Accounts, and where a credit limit has been approved by a business bank Relationship manager.
Already a customer?
Sign in to M-ExchangeForeign Currency Account: stay in control of your international finances
Staying in control of your finances is vital, especially when your business is involved in regular overseas trade and payments.
A Foreign Currency Account is a smart, flexible, and cost-effective way to manage your international transactions.
Ideal for businesses with ongoing international activity, this account helps you manage your money with confidence and control.
Business Banking TariffsForeign Currency Account Guide Link opens in a new window
Business Currency Account Terms and Conditions Link opens in a new window
Personal Currency Account Terms and Conditions Link opens in a new window
With a Foreign Currency Account, you can:
- Choose from a range of major currencies to make or receive payments.
- Convert funds between foreign currencies and sterling whenever it suits your business.
- Avoid unnecessary exchange costs by holding balances in the currencies you use most.
- Streamline your international cash flow with greater visibility and flexibility.
Your eligible deposits with Virgin Money are covered up to £120,000 per business with FSCS.
Terms and conditions apply. All facilities are subject to status and eligibility. Applicants must be aged 18 or over. You must be based and operated in the UK (excluding Channel Islands, Isle of Man & Northern Ireland). Fees apply.
Choose to have your accounts in
a range of foreign currencies
- United States Dollar (USD)
- Euro (EUR)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Danish Krone (DKK)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- New Zealand Dollar (NZD)
- Norwegian Krone (NOK)
- Polish Zloty (PLN)
- Singapore Dollar (SGD)
- South African Rand (ZAR)
- Swedish Krona (SEK)
- Swiss Franc (CHF)
Interested in a Foreign Currency Account?
Please contact your relationship manager or call 0800 756 0800.
You'll need to have a sterling account with us before you can open a Foreign Currency Account.
Fancy a chat?
Get in touch and we'll talk you through the products and
services we can offer.
Additionally if you're interested in keeping up to date with foreign exchange rates and economic news, our Weekly FX Wrap Up provides summary information on the FX ranges for GBP/USD & GBP/EUR and other foreign exchange news.
These updates are provided for informational purposes only and do not constitute financial advice and should not be relied upon when making any investment decision.
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