Airwallex vs ANNA Money: Get the business account that grows with you
Scaling your business and looking for an account to manage your cash flow, spend, and expenses? Airwallex and ANNA Money are two fintech platforms offering Australian startups a business account, but Airwallex is the only platform that can grow with your business.
Let’s compare the two platforms to find the right account for you.
3 reasons why businesses choose Airwallex over ANNA Money
Global business like a local
Airwallex gives you a multi-currency business account to manage your business here and overseas. Set up local banking details in 20+ countries, collect funds from 70+ countries and pay out to 200+ countries, whether they are suppliers, customers, or your team.
Corporate Cards and powerful spend control
With Airwallex, you can issue your team multi-currency virtual and physical cards with smart spend controls including setting limits by month, quarter, or year. Issue cards to your team in 60+ markets and let them spend directly from held balances or at market-leading, transparent FX rates.
An all-in-one financial platform
On top of Business Accounts and Cards, Airwallex offers a Yield account to help you grow AUD and USD balances; checkout solutions to accept customer payments in 130+ currencies; and FX with interbank rates for 90+ currencies, all included in your monthly account price.
Go further and gain full control over spend with Airwallex
The biggest difference between the two platforms is that ANNA Money is an AUD-focused admin and tax tool, while Airwallex is an end-to-end global financial platform. Airwallex allows you to hold multi-currency balances and convert only when it suits your strategy, rather than being forced back into AUD every time you receive a payment.
Compare Weel and Airwallex fees in Australia
Overall, Airwallex offers more features for a more competitive price.
What local businesses are saying about Airwallex
"Airwallex Bill Pay has given us better control over our finances, and has helped us roll up important strategic budgeting and forecasting capabilities. It’s also improved our relationship with our suppliers, because we now never miss a beat with paying them on time."
Joel Stehr
Chief Operating Officer, Bilue
"One thing we like about Airwallex, which differentiates it from other providers out there, is the team card approach as well as the individual cards. It’s a massive time saver too - to the point that we just wouldn't use a solution that didn't have an integration with Xero, just due to the volume of transactions and manual work that would be required otherwise. It's amazing.”
Georgia Burns
Strategic Finance Director, Auror
"It’s definitely time saving, from mine and our Head of P&C’s perspective as people that prepare payroll are not having to granularly look through each expense item line. The users have taken to it like a duck to water. It's not a difficult system to use. Sometimes people are like ‘oh, another system, another app to download.’ But it wasn’t arduous at all. Once you download the app, it's very straightforward. There's really been no push back whatsoever from anyone because I think people immediately get the buy in.”
Alec Alltimes
APAC Finance Director, Commission Factory
Frequently asked questions
How do Airwallex and ANNA Money fees compare?
Airwallex offers a A$0 or A$29/month Explore plan (waived with minimum requirements) and usage-based FX, whereas ANNA offers accounts from A$0, but to access most features you’ll need the mid-tier account which is A$9.97+GST/month. Separate ANNA Money card plans start from A$39.99/month.
Can I hold multiple currencies with ANNA Money?
No, ANNA Money is primarily an AUD-centred account with no true multi-currency wallet for holding ongoing foreign balances.
Is ANNA Money a bank?
No, ANNA is a fintech app and card provider, not a bank. Deposits held in ANNA’s business account are not protected under the Australian Government Financial Claims Scheme.
Who can open an Airwallex account in Australia?
Most Australian businesses are eligible to apply. You will need an active ABN, valid ID for all directors or owners, standard business registration documents, to not work in a restricted industry, and details about your business.
Sign up online, or get in touch with us today
The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].
This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Pty Ltd (AFSL No. 487221) read the Product Disclosure Statement (PDS) for the Direct Services available here.
The Airwallex Yield Liquidity Fund (Yield) is issued by K2 Asset Management Limited (K2) (ABN 95 085 445 094, AFSL No 244393), a wholly owned subsidiary of K2 Asset Management Holdings Limited. This information doesn’t take into account your objectives, financial situation, or needs. Read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for Yield, available at www.airwallex.com.au/terms from Airwallex Capital Pty Ltd (ABN 37 609 653 312, AFSL No. 549026). All investments carry risk. *Target returns are net of fees as at 23 January 2026 (AEDT) and indicate past 7-day annualised returns of the relevant underlying JPMorgan Liquidity Funds.