A dollar balance for invoicing US clients, paying suppliers and holding USD without a conversion at every step.
Dollars arrive, convert into the home currency, then convert back when a dollar invoice needs paying — two spreads on money that never needed to move currency at all.
Conversion cost is folded into the rate rather than shown beside it, so the real cost of working in dollars only becomes visible after the fact.
International payments pass through intermediaries, and the delay is usually discovered when the other side says the money has not landed.
Traditional institutions often decline companies registered outside the country whose currency they want to hold, regardless of how ordinary the business is.
A USD business account is a company account holding a balance denominated in US dollars. Dollars received stay as dollars; dollars owed are paid out of them. It is the currency of the balance that makes it a USD account, not the country the company is registered in.
One distinction is worth drawing, because the two are often confused. A USD balance holds dollars. US local details — an account number and a routing number, used for domestic rails such as ACH — are a separate thing, and a company can hold dollars perfectly well without holding them. ACH is the domestic US clearing system; SWIFT is the international network that carries dollars across borders. Whether local details are available for your account is confirmed at onboarding.
Dollars held on a multi-currency account, paid in and out over international rails.
An account number and routing number for domestic rails such as ACH — a separate capability.
The USD balance sits inside a multi-currency account rather than standing alone. Dollars are one of the balances the company holds beside the others it earns and pays in, so moving between them is a conversion you can see the cost of, not a step that happens to you at the edge of the system.
Payments in and out travel over SWIFT for international transfers, or internally between Fenryx accounts. Every payment carries a status you can look up and reaches an export that keeps its reference. The account opens online through KYB review, and the currencies available on it are agreed for your account rather than promised as a fixed list.
Apply online and send documents remotely. Every account opens through KYB review.
Hold dollars beside the other currencies the business works in. See foreign currency accounts.
Send and receive international payments in dollars, with internal transfers between Fenryx accounts.
Move between currency balances with the rate and the cost shown side by side before you confirm.
Each payment holds a status, and periods export with detail and references intact.
Customers pay in dollars, the dollars stay dollars, and nothing converts until the company decides it should.
The contractor invoices in dollars and is paid from the dollar balance, so the payment does not open with a conversion.
Dollar revenue is held as dollars and converted when the business chooses to, rather than at the moment each payment happens to arrive.
Currencies kept apart rather than funnelled through one balance, which removes conversions nobody asked for. See international business accounts.
Tell us who pays you in USD and who you pay, and we will confirm what is available for your account before any paperwork starts.
Open a USD business accountRelated reading: multi-currency accounts and accounts for small business.
Tell us about the company and where its dollars come from.
The company and its owners are verified.
Balances, users and access are configured.
Receive dollars or send your first dollar payment.
| Account fee | Quoted per account at onboarding |
| Transfer fee | Quoted per rail, shown before you confirm |
| Conversion | Rate and cost shown side by side |
| Limits | Set at onboarding, reviewed against real activity |
Figures follow the currencies and volumes a business actually works with, so they are quoted per account rather than published as one price list.
Registered legal entities only; we do not open personal accounts. A company does not need to be registered in the United States to hold dollars — holding a USD balance is about the currency, not the jurisdiction.
What it does depend on is business type, jurisdiction and the outcome of KYB review, and screening continues for the life of the account. No account or currency is guaranteed before that review is complete.
A summary. See our AML Policy.
A business account holding a balance denominated in US dollars, so dollars received stay as dollars and dollars owed are paid from them. It is the currency of the balance that makes it a USD account, not the country the company is registered in.
The application is online and documents are sent remotely. Every account opens through KYB review, so it goes live once that review is complete rather than on a timetable we could promise in advance.
Yes, within eligibility. Holding dollars does not require registration in the United States. It does require passing KYB review, and eligibility depends on business type and jurisdiction, so no account is guaranteed beforehand. See international business accounts for the wider setup.
A USD balance holds dollars. US local details — an account number and routing number used for domestic rails such as ACH — are a separate capability, and dollars can be held without them. Whether local details are available for your account is confirmed at onboarding. For balances in other currencies, see foreign currency accounts.
An account fee, per-transaction fees on transfers, and a conversion cost shown beside the rate when moving between balances. The figures are quoted per account at onboarding, because they follow the currencies and volumes a business actually works with.
Tell us who pays your company in dollars, and who your company pays.
Fenryx is operated by Globally United Tech Corporation, a money services business registered with FINTRAC in Canada, Vancouver, BC. Account availability, currencies and limits depend on business type, jurisdiction and KYB review. Settlement timing depends on the rail and the receiving institution.