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.
“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 0.5%.
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.
Simple, transparent pricing
Domestic transfers (AUD)
0.5% or 1.0% above interbank
International card transactions
*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.
Make bookkeeping a breeze
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.
Ensure your Xero transaction records are up to date for your accountant or bookkeeper.
See how our customers are finding Airwallex
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
We work with world-class security providers to ensure your funds and accounts are secure at all times.
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 holds an Australian Financial Services Licence (AFSL No. 487221) 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.