Enhanced Flexibility: Holding Multi-Currency Balances
Following MarTrust’s authorisation as an Electronic Money Institution (AEMI) by the UK Financial Conduct Authority, we’re pleased to share what this means for how you use their MarTrust Account.
Enhanced flexibility for crew account
You can continue to hold and manage balances across multiple currencies as before, however, with our AEMI status, you can now have the flexibility to maintain those balances indefinitely, without the requirement to fund only in connection with immediate payments.
This provides greater convenience and control over how you manage your working capital while continuing to benefit from:
Multi-currency functionality: Maintain balances in up to 15 currencies — [view list of supported currencies].
Payment readiness: Keep funds available for future crew or vendor payments.
FX timing: Convert funds when market conditions are favourable to support upcoming payment needs.
Please note: while you can now hold funds for longer, the MarTrust Account is not a savings account and does not accrue interest.
What You Crew Can Do
Regional operations: You can keep a DKK balance ready to pay vendors in Denmark or convert from USD or EUR when needed.
Working capital flexibility: Hold multiple currency balances to manage recurring operational payments efficiently from one place.
