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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Unlock global opportunity with foreign currency accounts

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Go global, without the headaches

Reduce the investment and operational overhead of establishing in new markets. Open a foreign currency account in the US, UK, Europe, Hong Kong, Japan, and Australia, all without leaving the office.

Hold in foreign currencies

Collect and spend in currencies like USD? Use our global accounts to hold and spend in the same currency to eliminate unnecessary conversions.

Bring your money back and save

Convert or withdraw funds into your preferred currency in seconds. Improve profits with zero transaction fees and bank-beating exchange rates.

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Easily sell online internationally

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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 traditionally involved in setting up international bank accounts.

Integrate with global online marketplaces

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

No monthly fees

Our multi currency accounts are completely free to open and maintain. Sign up today to get started.

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Xero Integration

Make bookkeeping a breeze

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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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What is a foreign currency account?

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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.

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Foreign currency account screenshot of sending money in USD

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 Airwallex, 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.

Security is at our core


Your money is held securely in a ring-fenced account. You can access your funds whenever you like as they're never invested or lent to anyone else.


Your data is stored and protected behind multiple layers of authentication. Two factor authentication is enabled on your account for added security.


Our security systems and procedures are based on the highest international standards including PCI Level 1 compliance.


Airwallex is registered with AUSTRAC and regulated by ASIC under an Australian Financial Services License.

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

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