Virtual Accounts: Info Sheet

Managing foreign currency accounts across multiple countries can be expensive, complex, and time consuming. This one-pager explains how Ascendant Virtual Accounts give you a foreign currency account in your own name, without requiring a local presence. Receive funds efficiently in USD or CAD, convert at real-time rates, automate reconciliation, and reduce the number of physical bank accounts you manage. Download this overview to see how Virtual Accounts simplify global receivables, reduce conversion costs, and give you more control over currency management.

Who does this help?

CFOs, Treasury teams, Controllers, and finance leaders managing international receivables who want to reduce account complexity and improve FX control.

Why download this?

• Learn how to hold USD or CAD accounts in your name without opening foreign bank accounts.
• Reduce FX padding and conversion costs with real-time pricing and automated conversion.
• Simplify reconciliation with automated reporting and streamlined account management.
• Discover supported incoming currencies and see how Virtual Accounts fit into your global treasury strategy.

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