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.
*other fees and charges may apply
*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.
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
Improve company cashflow
Convert money from your Chinese Yuan business account and withdraw into your bank account for quicker access to your funds.
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.
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.
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
“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
“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."
CEO, Cosmetics Now
“The new Expense Management system has been a real time saver for us in relation to the administration of our benefits program. Team members can upload receipts as they shop and we are able to clear our reconciliations much faster this way.”
Payroll & Benefits, Linktree
“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
“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.”
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.”
Director, Hawkeye Vintage
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?
Security is at our core
We work with world-class security providers to ensure your funds and accounts are secure at all times.
Airwallex meets the highest international security standards including PCI DSS, SOC1, and SOC2 compliance, in addition to our local regulatory requirements.
Our modern infrastructure allows us to implement best-in-class security controls which are monitored 24/7 to keep your account safe.
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.