Accounts for freelancers and independent contractors
You invoice clients abroad and get paid in their currency. The money arrives in dollars or euros, and by the time it reaches a UK current account somebody has taken a slice of it in a rate you never saw. This runs the other way round from an importer's account — money in from overseas, held, converted, drawn down here — but it is the same three moves, on the same account.
How the money moves
- 01Get paid
- 02Hold
- 03Convert
- 04Draw down
Income
Supported currencies
from clients and platforms
Balances
Hold & convert
when the rate suits you
Rate
Quoted up front
before you commit
Name
Yours
a named account, not a shared one
Capabilities
What you can do
Receive client and marketplace earnings in supported currencies.
Hold the balance in the currency it arrived in until you choose to convert.
Convert through real-time FX at a rate quoted before you commit.
Draw down to sterling, or pay out from the currency balance directly.
The route
A typical freelancers flow
- 1Get paid
- 2Hold
- 3Convert
- 4Draw down
Availability, payout method, currency, transaction limits and processing times are corridor-specific.
Who it is for
Freelancers, independent contractors, software developers and agencies invoicing clients outside the UK — anyone whose income arrives in a currency they do not spend in.
Freelancers
Invoice clients abroad and receive in the currency they pay in.
Software and IT contractors
Regular overseas income, treated as expected rather than queried.
Small agencies
Overseas client receipts in one place, converted when you decide.
Part of the wider OvaroPay proposition
Each line runs on the same account, in your own company name.
Next step
Tell us the shape of it
Roughly what comes in each month, what currency goes out, and where it goes. That is enough for us to say whether this is the right line for you and what it would cost.
OvaroPay is acting as an introducer. The regulated payment services are provided by an established payment institution authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017, not by OvaroPay. OvaroPay is not a bank and does not hold deposits. Every application is subject to full identity, anti-money-laundering and source-of-funds checks, and an account is opened only once those checks are satisfied. Nothing on this site is an offer of an account or a guarantee of approval.