Wallester Business Introduces Free Multi-Currency Exchange

For most finance teams, the story is the same: European businesses routinely lose money to hidden fees on foreign currency transactions - charges long accepted as part of doing business. A UK company expanding into European markets might pay 2-4% on currency conversions, and those managing suppliers or clients across borders face similar costs on every payment.

Wallester Business has now eliminated these fees entirely - and companies can try it for free [try it here].

Banks often disguise these costs within exchange rates and add processing fees on top. For businesses with frequent international activity, those small margins quickly become thousands of euros lost each year - directly eating into profits.

Introducing Zero-Fee Currency Exchange

Wallester Business, the all-in-one platform for corporate card issuance and expense management, has unveiled a new feature that removes banking fees from currency exchange altogether. Businesses can now make instant, fee-free conversions between ten major currencies within their own accounts.

Supported currencies include:
EUR, GBP, USD,
SEK, NOK, CHF,
PLN, DKK, CZK, and RON.

The feature is available in both the Client Portal and the Mobile App, enabling real-time currency conversion as market conditions or operational demands change. Unlike traditional banks - where cross-currency transfers may take several business days, Wallester’s exchange executes immediately, empowering teams to manage liquidity and cash positions with speed and precision.

Additionally, Wallester Business now supports multi-currency account creation, even for clients previously limited to a single-currency setup. This opens the door to more flexible, international financial strategies and supports businesses scaling into new markets.

Tangible Benefits for Businesses

The savings are direct and measurable.
For instance, a company exchanging €50,000 monthly between EUR and GBP could previously spend €1,000–€2,000 per year in banking fees alone. With Wallester’s zero-fee exchange, those costs disappear entirely turning a long-standing friction point into a boost for the bottom line.

Operational efficiency improves as well. Companies can maintain dedicated currency accounts for each market, transferring funds between them instantly. This eliminates the need to juggle multiple banks or third-party FX providers, each with their own fees and slow processing times.

Whether you’re managing international ad spend, paying suppliers abroad, or billing clients in multiple currencies, Wallester’s zero-fee structure delivers a clear competitive advantage.

• Marketing agencies can fund campaigns in local currencies without conversion delays.
• Import/export firms can optimize cash flow across regions with immediate access to funds.

Because exchanges happen in real time, finance teams can also respond faster to favourable rate movements executing conversions immediately instead of waiting on banking schedules or treasury approvals.

One Part of a Complete Financial Platform

While the new exchange capability removes a significant cost burden, it’s just one element of Wallester Business’s broader ecosystem. The platform combines corporate card issuance, real-time expense tracking, and advanced spend controls, all from a single dashboard.

Even the free plan includes:

• Up to 300 virtual Visa cards,
• Unlimited users,
• No hidden fees or expiry limits.
   

Businesses can issue cards for specific teams, projects, or categories, maintaining full control and transparency over every transaction. Physical cards meet traditional payment needs, while virtual cards are ideal for online purchases, subscriptions, and digital advertising.

Real-time expense tracking ensures that every transaction with merchant details, currency, and category appears instantly on the dashboard.
Thanks to Wallester’s REST API, the platform integrates directly with accounting systems like Xero, QuickBooks, and Sage, simplifying reconciliation and closing processes.

As a licensed Visa Principal Member, Wallester issues cards directly, ensuring smoother payment processing and full compliance with European financial standards including GDPR, PCI DSS, and PSD2.

Why an Integrated Solution Matters

Traditionally, businesses have relied on a patchwork of providers one for FX, another for cards, and yet another for expense management. This fragmentation adds complexity, cost, and administrative burden.

Wallester Business unifies all these functions under one platform with transparent pricing and zero hidden charges. Its currency exchange feature works seamlessly alongside payment and expense tools, giving finance teams a complete overview of their operations across currencies and markets.

For European businesses, this integrated approach means fewer intermediaries, lower costs, and greater efficiency — freeing both time and capital to focus on growth.

Explore Wallester Business for free today and see how a modern, unified financial platform can simplify your operations and strengthen your position across European markets.