# Enable multi-currency settlement

Offer your connected accounts the ability to receive funds in multiple currencies.
Available in: EU, GB, CH, NO, LI, SG, HK, AU, US
If you’re a direct Stripe Dashboard user, [configure multi-currency settlement](https://docs.stripe.com/payouts/multi-currency-settlement.md) capabilities on your own account.

Enable your connected accounts to receive and pay out funds in up to 18 currencies instead of automatically converting funds to their default currency.

## Enable multi-currency settlement for your connected accounts

1. To enable multi-currency settlement for your connected accounts, turn on **Enable accounts to settle funds and receive payouts in multiple currencies** on the [Connect payouts settings page](https://dashboard.stripe.com/settings/connect/payouts/multicurrency-settlement) in the Dashboard.

   > #### Accounts with full Dashboard access
   > 
   > Connected accounts with access to the full Stripe Dashboard have automatic access to multi-currency settlement, and can manage their own settlement currencies independently. Your platform setting doesn’t affect them.

2. After you enable access to multi-currency settlement, a connected account can settle in a non-primary currency by adding a balance or external account in that currency:

   - A connected account with access to the full Stripe Dashboard or Express Dashboard can add a non-primary currency balance by clicking **Add settlement currency** on the [Balances page](https://dashboard.stripe.com/balance/overview).
   - A connected account can add a non-primary currency external account in the following ways:
     - During onboarding
     - In their Dashboard [Payout settings](https://dashboard.stripe.com/settings/payouts)
     - In the [Account Management embedded component](https://docs.stripe.com/connect/supported-embedded-components/account-management.md)

   For connected accounts without access to a Stripe-hosted Dashboard, the platform can add a non-primary settlement currency on their behalf:

   - Add a non-primary currency external account using the API by [creating an ExternalBankAccount object](https://docs.stripe.com/api/external_account_bank_accounts/create.md).
   - Add a non-primary currency external account from the [Connected account details page](https://dashboard.stripe.com/test/connect/accounts/overview).

## Disable multi-currency settlement for your connected accounts

If you no longer want to allow your connected accounts to enable multiple settlement currencies, disable **Enable accounts to settle funds and receive payouts in multiple currencies** on the [Connect payouts settings page](https://dashboard.stripe.com/settings/connect/payouts/multicurrency-settlement). Disabling the feature only prevents accounts from enabling new currencies; it doesn’t stop connected accounts from continuing to use currencies that they’ve already enabled.

## Pricing

Stripe charges the applicable multi-currency settlement fee when funds settle in a non-primary currency. In the Dashboard and reporting, it appears as a `multi-currency settlement` fee. See our [full list of pricing and minimum payout amounts](https://docs.stripe.com/payouts/multi-currency-settlement.md#multicurrency-settlement-fees).

For connected accounts where your platform pays Stripe fees, Stripe deducts your connected accounts’ multi-currency settlement fees from your platform balance in the non-primary currency. For example, if your connected account settles funds in USD, we charge the fee to your platform balance in USD when possible. If your platform account doesn’t support the currency, Stripe converts the fee to your default currency and deducts it from your primary currency’s balance. See [conversion on Stripe fees](https://docs.stripe.com/payments/currencies/settlement-payouts.md#conversion-stripe-fees) for more details.

If your connected account pays their own fees, Stripe deducts the multi-currency settlement fee from the connected account’s balance instead. See [Fee behavior on connected accounts](https://docs.stripe.com/connect/direct-charges-fee-payer-behavior.md) for more information.

## Regional availability

While your platform has multi-currency settlement enabled, eligible connected accounts can configure settlement in all [currencies that are supported in their region](https://docs.stripe.com/payouts/multi-currency-settlement.md#multicurrency-settlement-fees).

An account must be in the same region as your platform to use this feature, but it doesn’t need to be in the same country. For example, if your platform is in Australia, the connected account must also be in Australia. If your platform is in the EEA, the connected account can be in any EEA country.

## Instant currency conversion for Connect

After your connected accounts accrue multi-currency balances through multi-currency settlement, you can enable them to convert between balances by using the private preview API. [Request access](https://docs.stripe.com/treasury/convert-funds.md#convert-currencies-instantly).