Direct USD Accounts

For companies that buy, sell, or operate across borders, USD is often unavoidable. Supplier invoices, platform fees, contractor payments, commodity contracts. At some point, money needs to move in dollars.

Unfortunately, accessing USD through a traditional bank is often expensive and inefficient. Many businesses are forced to convert currencies on every transaction and absorb the spread each time. Those that seek additional banking relationships often end up managing multiple platforms, dealing with slow support, and paying fixed fees that quietly erode their margins.

WeavePay clients have it easier.

How It Works

Every WP corporate client can hold a dedicated USD account in their company name alongside their other currency accounts. You receive a full set of banking details including IBAN, BIC, and correspondent bank information. Your counterparties send USD directly to your account using your company name as the beneficiary avoiding intermediary confusion or forced currency conversion.

When you do want to convert, our 24/7 FX service covers 30+ currency pairs at rates of ~0.5% above interbank. 

What Companies Use USD Accounts For

The most common use cases among our clients tend to be straightforward operational needs. Buying and selling goods internationally, particularly where contracts are priced in USD. Paying suppliers for machinery, raw materials, or manufacturing services quoted in dollars. Running payroll for staff or contractors in multiple countries where USD is the standard. Settling invoices with US counterparties or any company that bills in USD. Covering platform and subscription fees billed in dollars, from SaaS tools to logistics platforms to marketplace fees. And for holding structures or corporate groups, consolidating USD cash flow across multiple entities into one visible, manageable account.

None of this requires a separate banking relationship. It sits inside the same WeavePay account your team already uses every day.

Why It Matters

Having EUR, GBP, and USD accounts under one roof means fewer platforms, fewer logins, less reconciliation work, and greater visibility over your cash position. Your finance team can manage everything in one place, while your dedicated account manager has a complete view of your banking setup and can provide more relevant support and recommendations as your business grows.

For companies that have been converting to USD on every outbound payment, holding a USD balance and paying directly can meaningfully reduce FX costs over time. For companies receiving USD from customers or partners, having a proper USD account means those funds land cleanly in your name instead of being routed through intermediaries.

Getting Started

If you already have a WeavePay account, setting up USD takes a short conversation with your account manager. There is no separate application. If you are not yet a client, this is a good reason to start that conversation.

Reach out to your account manager, write to us through the support thread in your portal, or email [email protected] and we will connect you with the right person.