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Multi-currency & FX Service

Hello Clever’s Float Account Management and FX Services empower businesses operating across Australia and the APAC region. By providing multi-currency float accounts and flexible foreign exchange (FX) solutions, Hello Clever simplifies fund management and cross-border transactions, helping businesses handle international operations with ease.

Multi-Currency Float Accounts​

For businesses managing transactions in multiple countries, Hello Clever offers multi-currency float accounts to streamline fund management and provide real-time visibility into available balances for each currency.

Key Features of Multi-Currency Float Accounts​

  • Dedicated Float Account per Currency: Each currency operates as a separate float account, allowing businesses to maintain balances in different currencies. For example, a business operating in both AUD (Australia) and SGD (Singapore) can manage separate float accounts for each currency.

  • Centralised Fund Management: All incoming funds (PayIns) are automatically credited to the appropriate float account based on the transaction’s currency, simplifying reconciliation and reporting. This setup ensures that businesses can view and manage their funds centrally without the need for frequent currency conversions.

  • Flexible Access to Funds: Funds in float accounts are accessible at any time, enabling businesses to handle payouts, initiate transfers, or make payments in the local currency as needed. This flexibility supports streamlined cash flow management across different regions.

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💡 Pro Tip: Keep balances in multiple currencies to reduce the impact of fluctuating exchange rates and manage local expenses more effectively. Multi-currency accounts let you plan for costs in the target currency, eliminating the need for constant conversions.

Easy Top-Up and Withdrawal​

To ensure continuous fund availability, Hello Clever offers easy top-up and withdrawal options:

  • Top-Up: Businesses can top up their float accounts on demand via the Hello Clever Merchant Portal, ensuring they have sufficient funds to support payouts and operations in each region.

  • Withdrawal: Funds can be withdrawn from float accounts at any time through the Merchant Portal, allowing businesses to manage their cash flow efficiently.

These features give businesses convenient, on-demand access to their funds, supporting smooth operations and quick responses to changing financial needs.

On-Demand FX Conversion​

Hello Clever’s on-demand FX conversion service allows businesses to convert funds between currencies as required, providing a seamless way to support cross-border payments and fund transfers.

Key Features of FX Conversion​

  • Real-Time Exchange Rates: Hello Clever’s FX service provides real-time exchange rates, ensuring businesses receive competitive and up-to-date conversion rates. This transparency helps businesses optimise their cross-border transactions and minimise currency conversion costs.

  • Customisable Conversion Requests: Businesses can initiate FX conversions between their float accounts at any time. For instance, funds in an AUD float account can be converted to SGD or other supported currencies to facilitate transactions in those regions. This allows businesses to manage currency requirements in line with their operational needs.

  • Support for International Payouts: With FX conversions, businesses can prepare funds in the recipient’s currency for seamless cross-border payouts. This feature simplifies transactions for businesses making regular international transfers or supporting APAC region suppliers and partners.

Benefits for Cross-Border Operations​

Hello Clever’s float account and FX services provide several advantages for businesses with operations across Australia and the APAC region:

  • Simplified Multi-Region Operations: With float accounts in multiple currencies, businesses can maintain local currency balances and manage funds in each region without frequent conversions, reducing currency risk and simplifying local operations.

  • Improved Cash Flow Management: Centralising funds across float accounts allows businesses to access and allocate cash flow more effectively, ensuring liquidity across regions and enhancing overall financial planning.

  • Enhanced Cost Efficiency: By providing competitive FX rates and reducing unnecessary currency conversions, Hello Clever’s services help businesses lower their operating costs, allowing them to focus resources on growth and expansion in international markets.

Hello Clever’s Float Account Management and FX Services are tailored to support businesses with international operations, providing multi-currency flexibility, real-time FX conversion, and centralised fund access. These services empower businesses to manage cross-border transactions more efficiently, control currency risk, and simplify cash flow management across Australia and the APAC region.