CNY Account

Open a Chinese Yuan account in Australia

Receive Chinese Yuan via SWIFT with a dedicated CNY business account. Get started today with no sign up fees and zero monthly account fees.

Sign up

*other fees and charges may apply

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*other fees and charges may apply

“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

Open a Chinese Yuan account online from Australia

Easy to open

Get your own Chinese Yuan business account without needing to visit an international branch to get started.

Sign up through your web browser

Skip the excessive paperwork and queues usually required to open a business account.

Spend less on fees, more on growth

Airwallex Global Accounts come standard with no monthly account fees or international transaction fees.

Open account

Receive, hold and spend in Chinese Yuan

Receive payments in Chinese Yuan

Receive payments directly in Chinese Yuan. Avoid unnecessary conversion fees by paying out directly from your CNY balance.

Hold funds in CNY

Hold funds with zero monthly fees or charges. Convert and withdraw into AUD when you're ready using our interbank FX rate + 0.5%.

More time for what matters

Save time when paying multiple suppliers and employees across the globe with batch payment capabilities.

Grow your business in China without the red tape

Transactions made in multiple currencies

Improve company cashflow

Convert money from your Chinese Yuan business account and withdraw into your bank account for quicker access to your funds.

All-in-one platform

Safely send money in over 23 currencies with peace of mind that your supplier will receive it on time.

Pay via Borderless Cards

Issue virtual payment cards and use them to pay in foreign currencies using funds in your wallet.

Transactions made in multiple currencies

Receive easier Chinese Yuan payments in Australia

Get a CNY account in minutes

Request an account via the dashboard to start receiving funds in Chinese Yuan.

Hold and spend in CNY

Make payments in Chinese Yuan using funds in your Global Account to avoid unncessary conversion fees.

Pay via Borderless Card

Create virtual cards within the platform and make payments in 24+ currencies anywhere Visa is accepted.

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.

bank feeds showing payments reconciling into Xero

See how our customers are finding Airwallex

  • Airwallex Testimony
    “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

Frequently Asked Questions

Can I open a Chinese yuan account in Australia?

You can open a Chinese Yuan account in Australia through some of the bigger banks, but they don’t make it easy. Expect reams of paperwork, slow processes and wait times that can hold your business back.

Luckily, Airwallex provides a border-free business account alternative that lets you open a Chinese yuan account without even needing to leave the house.

How does a Chinese yuan account work?

Your Chinese Yuan business account with Airwallex works just like a traditional bank account. You can send and receive yuan directly to suppliers, customers and staff. But unlike the banks, you can hold yuan in your account for as long as you need, with zero monthly fees.

Then when you need it, simply withdraw or convert your yuan to another Airwallex account.

How do I open a Chinese yuan business account in Australia?

Airwallex has made it easier to open a Chinese yuan business account in Australia. Just fill out this form with a few simple details, submit the necessary verification documents, and you can set up your business account and start transacting in minutes once you've been approved.

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 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.

Get started

Contact our specialist team

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