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Business Accounts · Importers
Local Business Accounts for importers
Importers use Unicorn Currencies Local Business Accounts to receive customer or trade receipts in local currencies, hold available balances, convert FX, and pay approved suppliers with clearer references and reconciliation. Accounts are provided as named local collection accounts — not bank accounts — subject to onboarding, approval, currency availability, payment purpose, jurisdiction, and ongoing compliance review.
Local Business Accounts are provided as named local collection accounts. They are not bank accounts and are issued subject to onboarding, approval, currency availability, payment purpose, jurisdiction, and ongoing compliance review.
Who it is for
Local Business Accounts suit approved businesses that need clearer local receiving details, currency separation, and reconciliation support through Unicorn Currencies.
- UK, European, US, and UAE importers paying international suppliers
- Wholesale and distribution businesses with recurring cross-border payables
- Finance teams that need currency-specific receiving details for customer or partner receipts
- B2B operators that want pooled collection as standard and local details where approved
How it works
Importer workflows typically combine inbound collection — pooled or through a Local Business Account — with FX conversion and supplier payout through Unicorn Currencies when corridors and beneficiaries are approved.
Select currencies
Choose the currency or currencies your business needs to receive in.
Account details issued
Local account details are issued where approved for your business.
Receive funds locally
Inbound funds arrive in the currency of the Local Business Account.
Hold, convert, or pay
Hold available balances, convert FX, or pay suppliers through Unicorn Currencies.
Pooled collection vs Local Business Account
Pooled collection is included as standard. A Local Business Account adds named local collection details where payer recognition or currency-specific receiving matters.
Pooled collection
- Included
- Matched by reference and payer context
- Suitable for simple collection and reconciliation
Local Business Account
- Paid Local Business Account
- Issued in the business name where approved
- Suitable where payer recognition, local details, or currency-specific receiving matters
Compliance and approval
Local Business Accounts are not automatically issued. Approval depends on business profile, jurisdiction, payment purpose, expected activity, supported currencies, screening results, and ongoing compliance review.
Local Business Accounts are provided as named local collection accounts. They are not bank accounts and are issued subject to onboarding, approval, currency availability, payment purpose, jurisdiction, and ongoing compliance review.
Local Business Account pricing
Published from-pricing for Local Business Accounts is shown on the Business Accounts page for low-risk approved business profiles.
Local Business Account pricing shown on the Business Accounts page is for low-risk approved business profiles. Final Local Business Account pricing may vary based on business activity, jurisdiction, payment purpose, expected volumes, currencies, counterparties, and ongoing compliance review. Pricing is confirmed before account activation.
Importers FAQ
A Unicorn Currencies Local Business Account gives an approved business local account details for receiving funds in a specific currency. It is provided as a named local collection account, matched to the business, and used for receiving, holding available balances, conversion, and supplier payouts through Unicorn Currencies.
Related Business Accounts pages
To check fit for your business, talk to treasury.