Open domestic and foreign currency accounts in minutes

Open multi currency accounts without visiting a bank branch. Start collecting payments from customers in their preferred currency.

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Foreign currency accounts

Unlock your global revenue streams with a foreign currency account

Global Account
Trade globally, without the red tape

Open foreign currency accounts in the US, Canada, UK, Europe, Hong Kong, Japan, Australia and New Zealand, all without leaving your office.

Global currencies
Collect in foreign currencies

Use our Global Accounts to collect your sales proceeds and spend them later in the same currency. Eliminate the unnecessary conversion fees.

Convert currencies
Save when bringing your money back

Convert foreign currencies into your home currency and withdraw funds in seconds. Improve your company's profits with our market-leading exchange rates.

Multi Currency Accounts
Multi Currency Accounts

Easily sell online internationally

Airwallex foreign currency account product

Save time with Airwallex Global Accounts

Create local accounts in over 11 currencies at the click of a button. Skip the bank queues and excessive paperwork involved in setting up traditional bank accounts.

Integrate with global online marketplaces

Seamlessly integrate with global platforms like eBay, Shopify and Paypal. Start collecting in local currencies.

Low fees

Reduce excessive conversion fees and keep more of your profits with access to our interbank FX rates plus a small markup.

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Airwallex foreign currency account product

Xero Integration

Make bookkeeping a breeze

bank feeds showing payments reconciling into Xero

Quick and easy integration

Link your Airwallex and Xero accounts in just a few clicks.

Multi-currency transaction syncing

Automatically sync your multi-currency Airwallex transactions to Xero, alleviating tedious data entry.

Syncs hourly

Ensure your Xero transaction records are up to date for your accountant or bookkeeper.

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bank feeds showing payments reconciling into Xero

What is a foreign currency account?

Foreign currency account

A foreign currency account is a transaction account that allows you to receive, hold and send funds in foreign currencies. You can make and receive payments in currencies such as USD, EUR and CNY, without needing to open a bank account in the respective country.

Open account
Foreign currency account

Customer story

Deliciou opens in the US, UK & EU from day one. Saving 12 months by simplifying their finance processes.

By using Airwallex, Deliciou has instant access to global accounts in the US, UK & EU. This has saved the Deliciou team over 12 months of administration time establishing dedicated banking relationships in each region. With 80% of Deliciou’s business coming from the US & UK, Airwallex has been critical to their international growth. Having access to multiple currencies in one platform has also resulted in over A$24,000 per month in FX and international fee savings.

12 months

saved from setting up local accounts

Airwallex products used

Read their story

See how our business accounts compare to the big 4 banks

Review foreign currency account options feature for feature with our Airwallex Business Account.

Frequently Asked Questions

How does a foreign currency account work?

A foreign currency account allows you to hold funds in multiple foreign currencies.

By comparison, a regular transaction account forcibly converts funds in and out of your home currency with every transaction, incurring fees in both directions.

We knew this was wasting people’s money and discouraging businesses from expanding internationally, so we created something better.

What is a foreign currency account used for?

A foreign currency account can be used instead of a traditional bank account to avoid unnecessary conversions and save on everyday expenses.

You can also hold funds in a foreign currency and choose a time to convert when the exchange rate is favourable or until you really need them in your home currency.

How do I transfer money to a foreign currency account?

If your foreign currency account is with the same provider as your home currency account, this should be a transparent and straightforward process. 

Exchange rates fluctuate constantly, but businesses need more certainty than that.

With an Airwallex business account, you can schedule transfers for a future date at the exchange rate offered on the day or at the market rate on the future date.

We're not a bank, we're better.

Contact our specialist team

We're happy to answer questions and get you acquainted with Airwallex.
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