You're probably right, but that's not the point. It's a free/cheap multi currency account with local bank details in 6+ countries, which give you 90% of the fu

You're probably right, but that's not the point. It's a free/cheap multi currency account with local bank details in 6+ countries, which give you 90% of the functionality you want, namely the ability to hold and transfer cash. If you need more functionality you get a local bank account.