Stop paying holding fees on your Wise account balance

Starting 20 April 2021, Wise will be charging a daily fee for holding large amounts in your balance for Australian businesses.

With Airwallex, our pricing is simple and transparent. Absolutely no holding fees on your balances - no matter how big or small.

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The business account of choice for high growth brands and agencies

How does the new Wise holding fee work?

Wise is now charging a daily holding fee for Australian businesses with account balances above their free allowances. In Australia, that free allowance is 23,000 AUD.

If you go over your free allowance Wise will start charging the daily fee of 0.004% after 3 days of exceeding that limit.

For example: if you have 100,000 AUD in your account for a month, then you’ve exceeded the allowance by 77,000 AUD. So, you would pay 92.40 AUD at the end of the month as a fee (or 1,124.20 AUD in a year).

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Zero holding fees with Airwallex. No matter the amount.

Airwallex business accounts come standard with no setup fees, no holding fees or card fees.

The only time you’re charged is when you make an FX conversion or international SWIFT payment. Even then, you get our market-leading FX rates - no matter the transaction amount.

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Simple, transparent pricing

Domestic transfers (AUD)


FX margin

0.3% or 0.6% above interbank

Physical cards


International card transactions


*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.

How our fees compare against the Big Four Banks

With Airwallex, get access to our best rates, no matter the transaction amount. But don't take our word for it, check out how our rates stack up, below.

monthly feeFX (above interbank¹)international transaction card fee
AirwallexFREE0.3% or 0.6%FREE
Nab$10 AUD4.2%3%
Westpac$10 AUD5.2%3%
AnzFREE with conditions3.0%3%
Commenwealth BankFREE with conditions5.2%3%
monthly fee
Nab$10 AUD
Westpac$10 AUD
AnzFREE with conditions
Commenwealth BankFREE with conditions
FX (above interbank¹)
Airwallex0.3% or 0.6%
Commenwealth Bank5.2%
international transaction card fee
Commenwealth Bank3%

¹Where possible, we offer live exchange rates. Click here to find out more.

The above estimations are calculated based on published rates for the Big Four banks and what is included in their PDS documents. You can find more information on how we calculated our savings here.

See how our customers are finding Airwallex

  • Aiwallex is just so much simpler and more efficient than the business bank account that I had with CBA, with no fees and a rate that's consistently better than Transferwise. Handling and holding multiple currencies is seamless.
    Edward Taylor

    Founder of Rotor One Australia

Don’t lose out to hidden holding fees

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The above estimations are calculated based on published rates from Wise. You can find more information on their holding fees here.

Our products and services are provided by Airwallex Pty Ltd ABN 37 609 653 312 who holds AFSL 487221. Any information provided is for general information purposes only and does not take into account your objectives, financial situation or needs. You should consider the appropriateness of the information in light of your own objectives, financial situation or needs. Please read and consider the Product Disclosure Statement before using our services.

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