GBP Account

Open a GBP account in Australia

Create a UK transaction account to start receiving GBP payments within minutes. Get started with no sign-up fee and zero monthly account fees.

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Great
345 reviews on
345 reviews on
Trustpilot
Multiple customers paying GBP into a dedicated UK bank account

“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

Unlock new revenue streams in the United Kingdom

Funds being transferred from a UK bank account

Trade in the UK, without the red tape

Open a local UK transaction account to receive payments directly in GBP.

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%.

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Funds being transferred from a UK bank account

Open a UK transaction account online from Australia

A global account online window showing a balance of 13,341 Great British Pounds.

Save time opening a GBP account online

Create new accounts at the click of a button. No need to visit the UK or a bank branch.

Instant account activation

Airwallex customers can activate a new UK transaction account instantly, no additional verification needed.

No sign-up fees and zero monthly account fees

Our global accounts are fee-free to open and manage. Just pay a small fee of 0.3% when converting GBP back to AUD.

A global account online window showing a balance of 13,341 Great British Pounds.

How does your GBP Global Account work?

You’re issued a UK account number

Just share this number with clients and customers—it’s as simple as paying via direct deposit.

Connect to your existing systems

Send and receive GBP from Australia via local UK bank networks; faster, cheaper and easier. Link up with Amazon, eBay, Shopify and more.

Withdraw your funds in AUD

Using the same platform you can choose to convert your GBP immediately at some of the best FX rates available on the market.

Pay suppliers in GBP

Keep your GBP in your account and pay other suppliers in the UK. No transfer fees. No international wait times.

Business financial tools built for growth

foreign currency accounts

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.

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foreign currency accounts

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.

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 GBP account in Australia?

Despite our ties to Great Britain, the big banks don’t make it easy to open a GBP account in Australia. Airwallex has simplified the challenge. With an Airwallex Global Account you can open a GBP account in Australia, without needing to set up a local bank account overseas.

You can open it directly from your browser and start collecting payments straight away without any forced currency conversions.

How does a GBP account work?

An Airwallex GBP Global Account works similarly to a foreign bank account, except that you won’t ever need to convert currency unnecessarily. Send and receive GBP to other accounts in the UK, hold GBP in your account and schedule regular payments or bills.

Airwallex comes without opening fees, monthly account fees, and you’ll only pay a small 0.3% or 0.6% fee when you need to convert GBP back to AUD.

How do I open a UK business account in Australia?

With Airwallex, it’s easy to open a UK business account in Australia. You can do it all online, directly from your browser. Just fill out this form, get your business verified and set your business account up within minutes.

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.

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