Limited Company Currency Account (BOI Global Market)?

[JackKelly]

I recently opened a business bank account with BOI. Because I sometimes receive non-Euro payments, the guy suggested I sign up to use a Bank of Ireland Global Markets currency account to get better rates when converting international payments.

While I like the idea of better rates when converting money, I don't really understand what exactly I am signing up for and I'm naturally a skeptical. I presume this is a separate account to my bank account into which I can receive international payments at a more competitive exchange rate? Does anyone use this themselves or can shed some light on why exactly I would want this?

 

[JackKelly]

I'm bumping this up to see if there is anyone who has any experience with these accounts

 

[Lightning]

A few questions.

Is your current BoI account a EUR bank account? What foreign currency do you get payments in? Do you get significant foreign currency payments?