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How does Receipt Bank convert currency?

Receipt Bank automatically converts any foreign currencies into your base currency using the European Central Bank's conversion rates for the day that the item is dated.

The document values for the original currency and your base currency will be available to view from the Receipt Details page.

The conversion may not match the amount on your bank statement if a different conversion rate from another bank was used.

For a full list of the currencies that the ECB converts between, please take a look at this link: http://www.ecb.europa.eu/stats/exchange/eurofxref/html/index.en.html

To change the base currency of your account, navigate to the 'Account settings’ menu and open the ‘Account details’ tab. Use the ‘Base Currency’ dropdown to select your required currency.

 

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