Open an Australian business account online

Easily set up multiple business accounts in Australia, each with no sign-up fee and zero monthly account fees.

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282 reviews on

“Massively simplifies the challenge of doing business overseas”

“Enables businesses to manage cross-border payments easily and cheaply”

“Australia’s fastest growing $1 billion dollar start up”

“Airwallex is the highest ranked Australian firm at #32” - Top Global 100 Fintech

Your new Australian business account

Reduce payment friction for your customers

Provide your customers in Australia with account details on the local banking system so they can pay you directly into your AUD global account.

Accept and payout funds in multiple currencies

Expand into new markets easily by opening foreign currency accounts in 11 different currencies.

Improve your margins

Spend less when bringing back funds. Convert and withdraw in seconds with access to our interbank FX rates and a low fee of just 0.3%.

Open account

The quickest way to open a business account

Save time by opening an account online

Avoid long queues and wait times. Airwallex users can set up an AUD business account in a matter of minutes.

Instant account activation

New accounts are opened in a matter of clicks and can start receiving payments immediately.

No sign-up fees and zero monthly account fees

Our global accounts are fee-free to open and manage. Receive funds in AUD and make domestic payments without fees.

How do AUD Global Accounts work?

You’re issued an AU account number

Just share these details with clients and customers across the globe—it’s as simple as paying via direct deposit.

Use your Global Account to receive AUD

Use it just like an Australian business account. Include it on invoices, payment systems and more.

withdraw in your local currency

Use the same platform to convert your AUD into your local currency immediately, using the real conversion rate.

Pay suppliers and staff in AUD

Keep your AUD in your Global Account and pay other suppliers in AUD via direct deposit. No conversion fees. No international wait times.

Business financial tools built for growth

Integrate with global online marketplaces

Seamlessly integrate with global platforms like eBay, Shopify and Paypal. Accept payments in local currencies.

Hold in foreign currencies

Use our global accounts to collect and spend in the same currency, eliminating unnecessary conversion fees.

Combine with virtual payment cards

Issue virtual payment cards in multiple currencies from the same platfrom for a complete business payment system.

Get my account

Open multiple foreign currency accounts, with no monthly fees

Simple, transparent pricing

Domestic transfers (AUD)

FREE

FX margin

0.3% or 0.6% above interbank

International card transactions

FREE**

*Where payments are made through Airwallex’s payment network there are no payment fees. However any payments made via the SWIFT network will still incur a payment fee from $10AUD. Click here for more information. **For card transactions, you will access our interbank rates plus small margin for the following currencies: AUD, USD, GBP, EUR, HKD, CAD, NZD, SGD, JPY, CHF. For less frequently traded currencies, we will use the Visa rate.

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

Sync your multi-currency Airwallex transactions to Xero, including who made the transaction and where.

Syncs hourly

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

Learn more

See how our customers are finding Airwallex

“Airwallex provides us with flexibility and cost savings in dealing internationally. We used Airwallex to receive our recent global fundraising round and pay international suppliers and are saving at least 5% per dollar transferred versus the big banks.”
George van Dyck
Finance Manager, Zoomo
“Airwallex has been a game changer for us. I cannot recommend these guys enough. The forex services are super efficient and super competitive. The customer service is not gold-plated, it's solid gold. One of the best eCommerce services for merchants we have come across since Paypal hit the scene 20 years ago."
Murray Kester
CEO, Cosmetics Now
“Airwallex is our one-stop shop for all our banking needs, in one easy-to-use interface. Without Airwallex, we would not have been able to scale our business as fast as what we’ve been able to achieve.”
Andrew Ford and Rosa-Clare Willis
Co-founders, Crockd
“Having all our global SaaS subscriptions in one place has streamlined our finance processes and enabled better tracking and control of expenses. It’s even better knowing that Airwallex isn’t hitting us with any international transaction fees.”
Warren Durling
Chief Operating Officer, Dovetail
“Airwallex has made it really easy to pay our suppliers in any currency. We have not only saved $10,000 each month, but our suppliers now get their payments faster and in-full. We receive a notification once it’s dispatched, and it eliminates the worry factor of where our money is at. This is important for us to keep building a strong relationship with our suppliers.”
Danielle Goodwin
Director, Hawkeye Vintage

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Frequently Asked Questions

What are the benefits of a business account in Australia?

Opening an Australian business account makes it easier for your business to grow. It lets you keep all your business income and expenses in one central location, separating them from your personal expenses.

You can send, hold and receive currency directly in AUD and pay your suppliers faster.

Do I need a business account for my small business?

If you’re a sole trader, you can do your business banking within your personal account. But if you’ve set up your small business under a company structure, a business account is a legal requirement.

It also gives you more control and visibility over your expenses and makes it easier for your accountant to manage tax and reporting obligations.

How to open a business account in Australia

With Airwallex, it’s easy to set up a free business account in Australia. In fact, you don’t even have to leave your house. Just fill out this form to sign up in a matter of seconds. There are no wait times, no security holds, no monthly fees or minimum balances.

You can start using your Australian business account as soon as your business is verified.

Security is at our core

Protected

We work with world-class security providers to ensure your funds and accounts are secure at all times.

Authenticated

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

Secure

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

Compliant

Airwallex holds an Australian Financial Services Licence (AFSL) and is regulated by the Australian Securities and Investment Commission (ASIC).

You don't need a bank to run your business

Start winning new markets today. Open an account in minutes, and join thousands of businesses already using Airwallex to streamline their finances globally.