What Happens to Your Multi-Currency Account Account When You Die
Quick Facts
Type
Multi-currency fintech account
Platforms
Wise, Revolut, Payoneer
FBAR
May be required
Step-by-Step Guide
Identify all multi-currency accounts
Check for accounts on platforms such as Wise (formerly TransferWise), Revolut, Payoneer, and similar fintech services. These accounts may hold balances in multiple currencies simultaneously.
Contact the platform's support team
Notify the platform of the death by contacting customer support. Provide the death certificate and proof of estate authority. Each platform has its own bereavement process.
Convert and withdraw balances
Work with the platform to convert foreign currency balances and withdraw remaining funds to the estate account. Note exchange rates and any conversion fees.
Determine FBAR obligations
Multi-currency accounts held at foreign financial institutions (e.g., Revolut's Lithuanian entity, Wise's Belgian entity) may trigger FBAR filing if the aggregate exceeds $10,000. Consult a tax professional.
Document Now Checklist
- Platform names and account emails
- Currency balances held
- Account numbers or IDs
- Connected bank account details
Last verified: June 2026. Platform policies may change. Verify current procedures directly with Multi-Currency Account. This guide is for informational purposes only and does not constitute legal advice.
Related Guides
Social Security
Social Security must be notified of death immediately. Benefits paid after death must be returned. Survivor benefits may be available.
IRS / Tax Returns
A final individual tax return must be filed for the year of death. Estates over $13.61M may owe federal estate tax.
Veterans Affairs (VA)
Veterans are entitled to burial benefits, a headstone or marker, a burial flag, and Presidential Memorial Certificate — all at no cost.
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