Can employees be reimbursed in a currency other than the entity's home currency?
Short answer
Some reimbursement platforms can send a payment in a currency other than the entity's home currency, but the available destinations and funding currencies vary. Cross-currency reimbursement can introduce FX costs, payment-rail limits, and additional setup.
What to check
Confirm the funding currency, employee destination, bank details, exchange-rate treatment, and delivery estimate before approving the reimbursement. A platform's domestic reimbursement flow may not apply to every international destination.
How Ramp supports international reimbursements
Ramp's international reimbursement flow pays employees in the local currency of their bank-account country. The employee adds that bank account in Ramp, submits the reimbursement and transaction currency, and receives payment after approval. Ramp’s international reimbursements are processed as EFTs and support payouts across 60+ countries.
Reimbursements for Canadian businesses
For Canadian businesses, Ramp documents CAD funding from the company's connected CAD bank account, with domestic Canadian payments and local-currency payouts to employees in 65+ countries. Locally funded reimbursements are also available on Enterprise for specific currencies and only with Sage Intacct, NetSuite, or Universal CSV.
Explore employee reimbursement workflows by market:
Related questions
VAT and GST amounts are included in the total reimbursement paid to employees. Whether the business can claim input tax credits on the tax portion depends on jurisdictional rules, the business’s registration and taxable activity status, the expense type, and proper documentation.
Read moreCross-border reimbursement timing depends on the sending country, payment rail, destination bank, currency conversion, and compliance checks. You should use the provider's current delivery estimate for the specific route rather than applying a domestic timeline to an international payment.
Read moreUse the exchange rate from the transaction date as recorded in your card system, typically the posting or settlement date when the final USD amount is determined. This is the rate that appears on your card statement and should be documented consistently for accounting and audit compliance.
Read more