Business Accounts
Open a global business account to transact like a local in 70+ countries
All-in-one business accounts to manage your finances globally while saving on fees. Manage multiple currencies and FX, make fast international transfers, and issue multi-currency Corporate Cards.
A global business account with no queues, paperwork, or needless fees.
Instantly tap into leading global coverage across currencies and markets, world class security, fast onboarding, award winning customer support, and integrations with other popular platforms like Xero, Amazon, and Shopify.
countries where you can collect funds like a local
countries from which you can accept payments
countries to which you can make transfers
93%
transfers arrive within the same day
Airwallex Business Accounts help make international payments and finance simple
Global Accounts
Yield
FX & Transfers
Corporate Cards
Integrations
Global Accounts
Yield
FX & Transfers
Corporate Cards
Integrations
Global Money Movement
Accelerate global money movement with business accounts
Manage all your funds centrally with Global Accounts
Accept funds from both domestic and international customers without spending hours setting up additional entities and accounts.
Convert funds at market-leading FX interbank rates
You’ll always have access to interbank rates no matter the transaction size, saving you on costly FX conversions fees.
Pay suppliers and employees globally with transfers, without the wait time or extra fees
Transfer funds in 60+ currencies to 200+ countries, 93% of funds arrive within the same day.
Yield
Earn 3.29% on USD and 3.45% on AUD funds* with Airwallex Business Account
Grow funds faster than with your traditional bank
Allocate funds to Airwallex Yield in a few clicks and start earning returns with our high-rate savings solution.*
Earn on multiple currencies
Earn competitive returns on both AUD and USD balances - no lengthy account set up required.
Access your funds as needed
Unlike traditional banks and term deposits, you can access your money as needed with funds settling in 1-2 business days.
Corporate Cards
One corporate card solution for your global spend needs
Simplify purchases for your team
Issue company cards for shared team expenses like software subscriptions and employee cards for individual expenses such as T&E.
Control spend across departments
Set card controls to limit spend at the card level, ensuring your team is never over budget.
Save on international fees
Pay zero fees on international purchases and spend FX-free directly from your multi-currency wallet.
Integrations with Airwallex Business Account
Connect Airwallex with other popular platforms to streamline your finances and automate manual tasks, from invoicing to bookkeeping.
How customers use Airwallex Business Accounts
“These small percentages here and there add up over time with a real bottom line impact.”
Read Sheet Society's story
“It's just one of those ideas where you think, why has this not been done before?”
Read Mr Yum’s story
“We’re using the one platform to make multiple currency payments.”
Read Orbitkey’s story
Spend
Manage company spend more effectively with a single global platform
Streamline your spend management with a comprehensive offering that includes corporate cards, built-in expense management, invoicing, bill payments, and more. Benefit from time-saving automations powered by AI, and increase control and visibility across all types of company spend, whether domestic or international.
SECURITY
Keeping your funds safe
We hold your money with leading global financial institutions. Your funds are always safeguarded in line with the local regulations where Airwallex operates. Airwallex holds an Australian Financial Services Licence (AFSL No. 487221) and is regulated by the Australian Securities and Investment Commission (ASIC). For more information on how we keep your funds safe, click here.
Frequently asked questions about business accounts
Can I open up a business account online?
Yes, you can open a business account online in Australia. Many banks and financial institutions like Airwallex allow sole traders, private companies, partnerships, and other companies to open business accounts online.
What is required to open a business account in Australia?
The requirements to open a business account online in Australia differ between providers, but generally you will need your ABN/ACN; business details such as registration and business structure; personal details such as your legal name and date of birth; and two forms of ID. Different business structures require varying amounts of documentation to apply for a business account.
How quickly can you open a business bank account?
You can open a business bank account within minutes to a few days with fintechs and digital banks, but traditional banks might take 5-15 business days or even weeks. Fully online applications with instant verification can get you a business account almost immediately, while complex cases with unique company structure or foreign owners can take longer.
How quickly can you open an Airwallex business account?
Once your application for an Airwallex Business Account is submitted, it will be processed within one to three business days. Our online application takes about 15 minutes to complete, and our onboarding is fully digital.
How much does it cost to open an Airwallex Business Account?
Airwallex does not charge an account set-up fee, so there is no cost to open a Business Account online. The Airwallex Explore plan charges a A$0 monthly fee if you meet certain conditions and gives you access to core features such as multi-currency access, local banking details, FX, Corporate Cards, Payments, accounting integrations, and more.
How does Airwallex keep my business account funds safe?
Airwallex meets the highest international security standards including PCI DSS, SOC1, and SOC2 compliance, in addition to our local regulatory requirements. We hold your money with leading global financial institutions. Your funds are always safeguarded in line with the local regulations where Airwallex operates. For more information on how Airwallex keeps your funds safe, see here.
What are the benefits of having a business bank account?
A business account allows you to separate business transactions from personal ones, which makes things more simple and convenient for accounting and tax. Business accounts also offer more features to help your business grow, such as corporate cards, expense management, accepting customer payments, FX, and more.
What integrations/features are available with the Airwallex Business Account?
The Airwallex Business Account offers several features for Australian businesses. This includes the ability to have local banking details in 20+ countries, 70+ countries where you can collect funds like a local, multi-currency corporate cards to better manage employee and business spend, and competitive FX to save up to 80% on your FX costs.
Which business accounts support fast onboarding?
In Australia, business accounts that support fast onboarding are usually offered by fintech platforms, such as Airwallex. Fast onboarding means a simple, digital application and speedy approval that lets your business get set up with a business account quickly.