Global Accounts
Canadian business multi-currency account
Avoid high FX and transaction fees. Set up local accounts in 20+ currencies to collect payments from 70+ countries instantly.
Manage multiple currencies easily with Global Accounts
Skip the branch visits and heavy paperwork. Set up a multi-currency account online to get paid by international customers in their own currency. Spend it later without paying conversion fees.
Save on unnecessary bank charges
Enjoy $0 monthly fees, no account-opening costs, and zero transaction minimums.
Manage multiple currencies in one place
Hold and convert multi-currencies in just a few clicks, then track all your transactions in a single view.
Institutional-grade protection
Your business funds are protected by enterprise-grade encryption and held securely with Tier-1 Canadian financial institutions.
Avoid costly conversion fees
Eliminate unnecessary conversion fees by receiving international payments in your customers' native currencies without the big bank markup.
Example of local information from Global Accounts
Global Accounts function as local currency accounts in your business’s name, complete with the dedicated account numbers, transit numbers, and routing codes you need to operate like a local. You can open Global Accounts across the globe regardless of where in Canada your business is headquartered. They make it seamless to receive funds both domestically and internationally into your Airwallex account in multiple currencies. Get everything you need to manage your money globally, without the usual big-bank hassle.
CAD Global Account
This is an example of a CAD currency account we provide in Canada.
Account Capabilities
- Create accounts instantly
- Create accounts in the name of your business
- No transaction limits
- No additional industry limits
Deposit Methods
Domestic Bank Transfers
- EFT
- 0-1 day
- Interac e-Transfer
- 0-1 day
CAD Global Account
This is an example of a CAD currency account we provide in Canada.
Account Capabilities
- Create accounts instantly
- Create accounts in the name of your business
- No transaction limits
- No additional industry limits
Deposit Methods
Domestic Bank Transfers
- EFT
- 0-1 day
- Interac e-Transfer
- 0-1 day
“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
“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
“Airwallex saves us $40,000 annually in collections costs from our sales on Amazon, which is the majority of our sales in the U.S. market. It also allows us to ‘repurpose’ our international currencies. For example, if we sell in Europe we can pay European suppliers in Euros as well. There’s no need to ‘double convert."
Edward Agaba
Controller, Dalstrong
“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
API Solutions
Manage Global Accounts at scale with our Platform API
Programmatically create Global Accounts, authorize Direct Debit deductions for one-time or recurring purchases, generate account statements, and scale effortlessly.
FX & Transfers
Collect, convert, and send globally
When a payment gets sent to one of your Global Accounts, those funds are instantly visible to you in your Airwallex Wallet. Easily convert currencies at interbank rates and use Airwallex FX & Transfers to make fast, cost-effective domestic and international transfers.
Frequently asked questions
What are multi-currency accounts?
Multi-currency accounts are business accounts that enable you to receive, hold, and send funds in multiple currencies. These accounts provide local bank details for each country so your business can operate globally without the complexity of managing multiple bank accounts. By simplifying cross-border transactions, multi-currency accounts can lower costs, improve cash flow, and make global expansion easier.
What are multi-currency accounts used for?
Multi-currency accounts allow individuals and businesses to hold, manage, and spend multiple currencies through a single account, eliminating the need to open separate bank accounts for each currency. These accounts make it easy to receive, store, and send money in different currencies without unnecessary currency conversion, helping to reduce foreign exchange (FX) fees. Multi-currency accounts are especially beneficial for people and businesses operating across multiple countries, as they provide greater flexibility, lower costs, and more efficient international money management.
What are multi-currency accounts used for?
Multi-currency accounts allow individuals and businesses to hold, manage, and spend multiple currencies through a single account, eliminating the need to open separate bank accounts for each currency. These accounts make it easy to receive, store, and send money in different currencies without unnecessary currency conversion, helping to reduce foreign exchange (FX) fees. Multi-currency accounts are especially beneficial for people and businesses operating across multiple countries, as they provide greater flexibility, lower costs, and more efficient international money management.
How does an Airwallex multi-currency business account work?
Airwallex’s multi-currency business accounts work by offering local bank details for each country you’ll be collecting funds from. These details can be provided to payers or platforms through local clearing houses. Once you receive funds, they’re held securely in your Airwallex multi-currency wallet, where they can be converted into other currencies, spent, or sent internationally. This streamlined approach simplifies cross-border payment, reduces foreign exchange costs, and enables businesses to manage global finances efficiently from one account.
Can I make Pre-Authorized Debit (PAD) payments?
Yes. You can authorize vendors to pull funds from your Airwallex CAD account via EFT PAD, which is ideal for recurring business expenses like software subscriptions or utility bills.