Account opening fee
Free
Liv Multicurrency Account
Hold US dollars, euros, pounds, Australian and Canadian dollars beside your AED account and spend them on the same Liv debit card without converting.
Opened from inside the Liv app. You need a Liv Primary Account first.
Liv asks for a staff code on the Contact details screen. Open account to get yours.
At a glance
Key facts
Holding Currency
5 currencies
FX Fee
None
Interest Rate
Up to 2.75% interest
The Liv Multicurrency Account holds five currencies — US dollars, euros, pounds, Australian dollars and Canadian dollars — alongside your dirham balance. Spending in a currency you already hold avoids the 3.14% foreign transaction fee on the Liv Primary Account, because no conversion takes place. On AED 3,000 of foreign spend in a month, that is about AED 94 saved.
The account does nothing for spending in other currencies such as Thai baht or Indian rupees, which still convert and still carry the fee. Check that the currency you actually spend is on the list before treating this as a travel account.
Who can open it
Minimum age18 years
ResidencyUAE resident or national
An active Liv AED accountCurrency accounts are opened alongside it, not instead of it.
Fees and balance
Balance requirements
- No minimum balance.
Account charges
You still convert AED into the foreign currency at some point. The account moves that conversion from the moment of purchase to the moment of funding, which helps if you fund when the rate is favourable and hurts if you fund reactively at the airport. It is a timing tool, not a discount.
The daily and monthly purchase ceilings sit per currency, not across the account, so a single large purchase abroad is the case that meets them. Past the ceiling the transaction falls back to AED and its ordinary foreign transaction charge, which is the outcome the account exists to avoid.
Conversion cost on a currency you already hold
0%
Nothing is converted, so nothing is charged. Spending a currency you do not hold converts from AED at 3.14%.
Daily purchase limit per currency account
AED 15,000
Interest and profit
Annual interest rate
Up to 2.75% / year
How interest works
PayoutMonthly
- On eligible currencies only, calculated on the end-of-day balance. Liv publishes the per-currency rates on its interest-rate page.
Eligible currencies earn up to 2.75% a year, calculated daily and paid monthly. Not every currency qualifies, and Liv publishes the list of qualifying currencies separately. If interest is the priority, the Goal Account pays more in dirhams and carries no currency risk.
Benefits
Five Foreign Currencies
USD, EUR, GBP, AUD and CAD on your existing Liv debit card
No Foreign Transaction Fee
International card spend carries no foreign exchange fee
Automatic AED Fallback
Short on a currency? The AED account covers the transaction
Interest On Eligible Currencies
Up to 2.75% a year, calculated daily and paid monthly
How to open
An existing account with the bank is required.
Application steps
1.Open the Liv X app on your existing Liv account.
2.Go to accounts and add a Multicurrency Account.
3.Choose the currency you want to hold.
4.Top it up from your AED account, by card or by bank transfer.
5.Repeat for each additional currency you need.
Good to know
Cash and card access
There are no ATM withdrawals from a currency balance. You withdraw dirhams from your Liv account as normal, and the withdrawal converts. This is not a way to draw foreign cash cheaply.
There is no separate card. The same Liv debit card debits whichever currency matches the transaction and falls back to AED when a balance is short, so nothing declines because the wrong wallet was not topped up.
Frequently asked questions
Get answers to common questions about the Liv Multicurrency Account
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