iTunes Connect: Can I have one bank account for every currency I receive?

Posted by cheeesus on Programmers See other posts from Programmers or by cheeesus
Published on 2012-06-21T09:00:58Z Indexed on 2012/06/21 9:23 UTC
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ios

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apple

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payment

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itunesconnect

As I understand it, Apple does not do currency exchanges when they pay the app developers, they just forward the 70% share in the currency the customers bought it. So, if an app is available in different markets, the developer receives payments in different currencies.

Is there a way to enter one bank account for every currency? For example, I'd like to set up a bank account in EUR for payments in EUR, one in GBP for payments in GBP, and likewise for USD etc.

If all payments are going to the same bank account, my bank charges high conversion rates every time a payment in a 'foreign' currency comes in.

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