{"id":30065,"date":"2024-07-01T03:31:14","date_gmt":"2024-07-01T03:31:14","guid":{"rendered":"http:\/\/anja"},"modified":"2025-02-13T04:10:58","modified_gmt":"2025-02-13T04:10:58","slug":"open-a-receiving-account","status":"publish","type":"docs","link":"https:\/\/www.worldfirst.com\/au\/help-center\/receiving-payments\/open-a-receiving-account\/","title":{"rendered":"What is a Receiving Account and how can I open one?"},"content":{"rendered":"\n
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A Receiving Account is a set of bank account details in your name that allows you to collect bank transfers in one or multiple currencies. By providing your payers with the account details, your payers will be able to make bank transfers to you and the funds will be reflected in your World Account balance.<\/p>\n\n\n\n

Your World Account holds the pooled balance of all your Receiving Account collections by currencies. For example, you can have multiple USD Receiving Accounts, but funds transferred to all of them will be reflected in your USD World Account balance.<\/p>\n<\/div>\n<\/div>\n\n\n\n

As of May 2024, with the World Account, you’ll be able to open Receiving Accounts in the following currencies: USD, EUR, GBP, AUD, CAD, HKD, JPY, SGD, NZD, CNH, AED, PLN, CHF, SEK, MXN, CZK, TRY, ILS, ZAR, SAR, THB (non-Thailand users only) and MYR (the currencies supported is subject to where you’re registered). You can open up to 20 Receiving Accounts in any currency denomination we offer. If you need additional Receiving Accounts, please contact your Relationship Manager.<\/p>\n\n\n\n

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*Due to local regulations, some of the Receiving Accounts will be held under the name of WorldFirst or AliPay.<\/strong><\/p>\n\n\n\n

Those special cases are:<\/strong><\/p>\n\n\n\n