Revolut Launches FX Forwards for Business Customers
(24 May 2021 – United Kingdom) Revolut have taken another step towards their journey in becoming an all-encompassing business banking platform through the launch of Foreign Exchange (FX) forward contracts.
Corporates are now able to lock in FX rates for a set time in the future through Revolut online business banking platform. This service will be fully available for all its business customers irrespective of size, enabling middle market and Small to Medium-sized Enterprises (SMEs) improved management over foreign cash flows and currency risks.
“At Revolut Business we’re always looking to innovate to help our customers. Our multi-currency accounts and FX engine have helped thousands of businesses save on FX fees, and now we are helping businesses manage their FX risk too. Our FX forwards are available for customers, big and small and give more security to any business operating in multiple currencies” commented Revolut Head of Product, James Gibson.
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