--- title: "Get paid for your events in local currencies with Vault | Ticket Fairy Guides" description: "Open a Vault receiving account for a currency, such as pounds, euros or dollars, and give its bank details to sponsors, partners and anyone else who pays your events by bank transfer. Each payment arrives in Vault in that currency." canonical: "https://www.ticketfairy.com/guides/receive-money-in-global-accounts" --- 1. [Ticket Fairy](https://www.ticketfairy.com/) 2. [Guides](https://www.ticketfairy.com/guides) 3. Get paid for your events in local currencies with Vault Vault and Capital # Get paid for your events in local currencies with Vault Touring promoters and festival teams are paid by sponsors, venues and partners in more than one country. With a Vault receiving account, your brand gets local bank details in each currency, so payments arrive in the currency they were sent in and stay in Vault until you spend them. Takes: 6 minutes [Watch the video: Get paid for your events in local currencies with Vault](https://d3lcdr963b5ubl.cloudfront.net/uploads/guides/video/receive-money-in-global-accounts/e3f24500f62febd77a099cc078d3bb8752f242da48e1740e2b6aced6a415dfd5/c237464f6e259485/guide.mp4) · [English](https://www.ticketfairy.com/resources/captions/guides/guide-receive-money-in-global-accounts-c237464f6e25.vtt) ***Watch how it's done** 3 min 44 s, with captions.* - [Open Accounts](#step-1) - [Select Create new account](#step-2) - [Choose the country](#step-3) - [Choose the currency](#step-4) - [When to choose SWIFT](#step-5) - [Choose the transfer method](#step-6) - [Name the account](#step-7) - [Select Create account](#step-8) - [Open the account's bank details](#step-9) - [Send the details to whoever pays you](#step-10) - [Check a payment has arrived](#step-11) ## Before you start - You're an owner on the brand. Authorized Ticket Fairy support can also see your Vault. - Your brand has an active Vault account. Ask Ticket Fairy support to switch Vault on for your brand if it isn't, then open the account. 1. ## Open Accounts [Play from here](#guide-video) Pick the brand, open **Vault**, then select **Accounts**. Each row is one receiving account, with its bank details, the currencies it takes and its status. ![The Vault Accounts page with pound, euro and dollar receiving accounts, their bank details and status](https://www.ticketfairy.com/embeds/posters/marketing-vault-currency-accounts--accounts.png) *Brand, Vault, Accounts.* 2. ## Select Create new account [Play from here](#guide-video) Select **Create new account**. The **Create new account** window opens. ![The Create new account window with country, currency, transfer method and nickname](https://www.ticketfairy.com/embeds/posters/marketing-vault-currency-accounts--create-account.png) *Brand, Vault, Accounts, Create new account.* 3. ## Choose the country [Play from here](#guide-video) Choose the country your payers bank in from **Country**. The account gets bank details in that country. **Note:** The list has the 17 countries Vault opens receiving accounts in, including the United Kingdom, the United States, Germany, the Netherlands, Australia, Canada and Singapore. 4. ## Choose the currency [Play from here](#guide-video) Choose the currency you want to be paid in from **Currency**. The list shows only the currencies an account in that country can take. ## When to choose SWIFT [Play from here](#guide-video) A local transfer is the ordinary bank transfer people make inside that country. SWIFT is the international wire a bank abroad sends. Choose **Local** when your payers bank in the account's country, and **SWIFT** when they send from another country. 5. ## Choose the transfer method [Play from here](#guide-video) Choose **Local** or **SWIFT** from **Transfer method**. Where the currency takes only one method, the form picks it for you. 6. ## Name the account [Play from here](#guide-video) Enter a name you will recognize in **Nickname**, such as UK ticket income or European tour. **Note:** Every account needs a nickname, of up to 110 characters. 7. ## Select Create account [Play from here](#guide-video) Select **Create account**. "Account created successfully!" appears, and the account appears in the list with its status. **Note:** Share the details once the status says **Active**. **Processing** means Vault is still setting the account up. 8. ## Open the account's bank details [Play from here](#guide-video) Select the account's name. **Account details** shows the **Bank account number**, the bank code, such as a sort code, and the bank's name and address, with a copy button beside most of them. **Note:** **Account name** is the name the account is held in, so give payers that name. **Nickname** is the label only your team sees. ![The Account details window for a pound receiving account, with its account number, sort code and bank details](https://www.ticketfairy.com/embeds/posters/marketing-vault-currency-accounts--account-details.png) *Brand, Vault, Accounts, an account opened from the list.* 9. ## Send the details to whoever pays you [Play from here](#guide-video) Copy the details into your invoice or email to the sponsor, venue or partner paying you. They pay the account the way they pay any bank account in that country. 10. ## Check a payment has arrived [Play from here](#guide-video) Open the menu on the account's row and select **View transactions**. Each payment shows who sent it, the amount and its status. **Note:** A payment into the account also counts in that currency's row of your Vault balances, as pending until it settles. ![The Transactions for a pound receiving account, with two settled payments and one still arriving](https://www.ticketfairy.com/embeds/posters/marketing-vault-currency-accounts--deposits.png) *Brand, Vault, Accounts, View transactions.* ## Or have it done for you Fai, your AI teammate, can check sales, update your event or change a ticket when you ask. Fai can list your receiving accounts, give you the bank details a payer needs and show the money each account has received. She can also open a new receiving account for you. She shows you the country, currency, transfer method and name, and asks before she opens it. MCP and the command line have no commands for receiving accounts. ### In your dashboard, with Fai ``` Open a receiving account in Vault for and give me the bank details to send to ``` ## Rename a receiving account [Play from here](#guide-video) 1. ### Edit the nickname and save Open the menu on the account's row, select **Edit nickname**, enter the new name, then select **Save**. "Nickname updated successfully" appears. **Note:** Only the name you see changes. The bank details you have shared stay the same. Fai can rename a receiving account for you. She shows you the account and the new name, and asks before she saves it. The bank details stay the same. ### In your dashboard, with Fai ``` Rename the Vault receiving account for to ``` ## Close a receiving account [Play from here](#guide-video) 1. ### Close the account and confirm Open the menu on the account's row, select **Close account**, then **Close account** again in "Close account?". **Warning:** A closed account can't be opened again, so tell anyone who pays into it first. Open a new account if you need that currency again later. Fai can close a receiving account for you. She shows you the account, tells you that closing it can't be undone, and asks before she closes it. ### In your dashboard, with Fai ``` Close the Vault receiving account for ``` ## Questions you might have **Is this how buyers pay for tickets in another currency?** No. Buyers pay at checkout through the payment account your events use. A receiving account takes bank transfers, such as a sponsor paying an invoice or a partner settling a share. **Why isn't Close account in the menu?** An account can be closed only while it is **Active**. While it's still **Processing**, you can't close it yet. **Which countries can I open a receiving account in?** Australia, Canada, Denmark, Estonia, Germany, Hong Kong, Indonesia, Israel, Mexico, the Netherlands, New Zealand, the Philippines, Poland, Singapore, the United Arab Emirates, the United Kingdom and the United States. Some of them take several currencies, which the **Currency** list shows once you pick the country. **Why does a currency I was paid in not show in my balances?** The Vault balances list one row for each currency with an active receiving account. Open an account in that currency and its row appears. ## Still have a question? Book a demo and we will answer it on a call, on your kind of event. Or create your account and see it for yourself. [Book a demo](https://www.ticketfairy.com/event-ticketing/book-a-demo) [Create a free account](https://manage.ticketfairy.com/welcome) No setup fees. No monthly fee. No credit card required. ## Related guides - [More ways to use Ticket Fairy](https://www.ticketfairy.com/event-ticketing/event-banking) - [See how much of your ticket money you can spend from Vault](https://www.ticketfairy.com/guides/read-your-vault-balances) - [Open a Vault account to hold your ticket money](https://www.ticketfairy.com/guides/open-a-vault-account) - [Take ticket money with a payment processing account](https://www.ticketfairy.com/guides/connect-a-payment-account) - [Open a Vault account for event money with the older setup form](https://www.ticketfairy.com/guides/open-a-vault-account-with-the-older-setup-form) - [See what each event earned in Vault](https://www.ticketfairy.com/guides/see-what-your-event-earned) - [Pay your event suppliers from Vault](https://www.ticketfairy.com/guides/pay-suppliers-from-your-vault) - [Every Ticket Fairy guide](https://www.ticketfairy.com/guides) ## Do this on your own event Create your account, build your event and follow the steps in your own dashboard. You do not need to book a sales call. [Create a free account](https://manage.ticketfairy.com/welcome) [Book a demo](https://www.ticketfairy.com/event-ticketing/book-a-demo) The Ticket Fairy, Inc. is a fintech company and technology platform. The Ticket Fairy, Inc. is not a bank, financial institution, or regulated financial services provider. Vault banking services are provided through regulated banking partners. Ticket Fairy is not a direct lender and does not make credit decisions. Ticket Fairy acts solely as a technology provider, connecting event businesses with third-party lending partners. All funding decisions, terms, and conditions are determined by the respective lending partners. ## Sell tickets with Ticket Fairy Start free with unlimited events and no monthly fee, and choose a paid plan when you need more. - Set up your event in minutes - Free events are free - Fai, your AI teammate, is built in [Create a free account](https://manage.ticketfairy.com/welcome) No setup fees. No monthly fee. No credit card required. ## See it on a call Book a demo and we will show you how Ticket Fairy handles your kind of event. [Book a demo](https://www.ticketfairy.com/event-ticketing/book-a-demo) [More ways to use Ticket Fairy](https://www.ticketfairy.com/event-ticketing/event-banking) ### Tips for selling more tickets Practical advice from working event organizers, and every new guide as it is published. We respect your privacy. Unsubscribe anytime. --- This page is on Ticket Fairy, a ticketing, marketing and operations platform for live events and the venues that host them: festivals, club nights, concerts, conferences and tours, and night clubs, beach clubs and concert venues. It grows revenue with fan rewards that turn an audience into a sales channel, and runs the money side with payments and payouts, Vault business banking, and working capital advanced against ticket sales. 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