Open an AUD business account, without the bank
Get your own local BSB and account number in minutes. Skip the bank queues, paperwork, and needless fees, with an online global business account.
Trusted by 150,000+ businesses
The flexible alternative to traditional business banking in Australia
All-in-one business accounts to manage your finances globally. Manage currencies and FX, make high-speed international transfers, and earn competitive rates on your funds.
GLOBAL ACCOUNTS
The business account AU companies use to go global
Get global account details
60+ countries and regions where you can open local currency accounts to simplify payment acceptance.
Keep funds in your preferred currency
Settle payments like-for-like in 14+ currencies to avoid forced conversions or unnecessary transaction fees.
Manage currencies in one place
Hold, convert, and transfer funds in 20+ currencies directly from your AUD business account.
TRANSFERS & FX
Get the fastest and most cost-effective transfer solution
Move money internationally faster
Access local payment rails in 120+ countries to move money across borders without delays. 95% of transfers arrive within the same day.
Pay suppliers and employees globally
Send funds in 60+ currencies to 200+ countries using local rails or SWIFT, with the full amount on delivery guaranteed.
Save on every conversion
Enjoy access to bank-beating interbank FX rates no matter the transaction size and avoid hidden transaction fees.
YIELD
Grow your funds faster than with your traditional bank
Earn on multiple currencies
Grow your AUD and USD balances without having to open multiple accounts, a first in Australia.
No lock-up periods
Easily move funds between your cash balances and Yield account as needed to keep your business growing.
Start earning instantly
Open an Airwallex business account to start accruing returns daily. Earn 3.89% on USD and 3.59% on AUD*
Airwallex Business Account vs. traditional business bank account
SECURITY
Serious security, built for Australian businesses
Your funds are protected by local regulation, global infrastructure, and bank-grade security standards.
Regulated by ASIC and licensed globally
Airwallex holds an Australian Financial Services Licence and is regulated in every region we operate.
Your funds are always safeguarded
We hold your money with leading financial institutions, in line with local regulations.
Certified to the highest standards
We meet PCI DSS, SOC1 and SOC2 compliance, with infrastructure monitored 24/7.
“We use Airwallex for opening accounts in new markets quickly and we now have bank accounts in each of the countries we operate in. It allows us to very easily move funds from our account in the US into our other local currency accounts in various markets within seconds, and pay our partners and salaries easily.”
Charlie Bullock
CEO and Co-Founder, Scan.com
“We have contractors based in China, the US, and Europe, and our Airwallex Global Account enables us to make global payments from one simple portal. Having Airwallex as our global trusted partner means we can spend less time on the phone to the bank, and more time instead focusing on growing our business both domestically and internationally.”
Richard Li
Co-founder & CEO, July
“Airwallex covers everything which small businesses need to act like the bigger players on a global level. We can transact in local currencies with customers in local markets. ApprovalMax has total control over the flow of cash in different currencies. We have the ability to do all kinds of local payments and international payments. It breaks down barriers.”
Helmut Heptner
Co-Founder and Director of Operations, ApprovalMax
“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
Frequently Asked Questions
How do I open an AUD business account?
Apply online here in minutes. Submit your business details and ID, complete our quick verification process, and you’ll be ready to go – no paperwork or bank visits required
Who can open an Airwallex business account in Australia?
Most Australian businesses are eligible. You’ll need an active ABN, a valid ID for all directors or beneficial owners, and basic registration documents.
What are local currency accounts used for?
Local currency accounts make it easy for you to conduct your business operations in multiple currencies. They come with account numbers and banking details that allow you to easily receive funds in specific currencies. This is particularly useful if you're a global business – you'll be able to collect funds in your international customers' preferred currency and then use those proceeds to pay local expenses in that same currency. By comparison, a regular transaction account may forcibly convert funds in and out of your home currency with every transaction, incurring costly FX fees in both directions.
How can an Airwallex Business Account help me save on transaction fees?
An Airwallex Business Account can be used to avoid unnecessary conversion fees and to save on everyday expenses. You can collect payments from your international customers in their preferred currency and then spend those proceeds later in the same currency (for example, to pay global suppliers and employees), thereby eliminating unnecessary conversion fees. You can also benefit from holding funds in a foreign currency until FX rates are favourable enough to convert these funds to your home currency.