Business Accounts
The Canadian Business Account for local and global scale
Built to power your Canadian operations and your international growth. Collect and hold 20+ currencies, access low FX rates with no hidden fees, and send batch transfers to 150+ countries.
The power of a Business Account
Manage your local and global finances while saving costs. Hold and receive multiple currencies, access interbank FX rates, send instant money transfers, and issue corporate cards for seamless expense tracking.
countries where you can open local currency accounts
countries from which you can accept payments
countries to which you can make transfers
93%
transfers arrive within the same day
Airwallex Business Account without boundaries
Global Accounts
FX & Transfers
Corporate Cards
Software Integrations
Global Accounts
FX & Transfers
Corporate Cards
Software Integrations
Global Money Movement
Accelerate global money movement with business accounts
Manage all funds in one account
Accept payments from Canada, the US, and worldwide without spending hours setting up new business entities and accounts.
Convert at market-leading exchange rates
Access to interbank rates anytime no matter the transaction size, saving you money on costly FX conversion fees.
Send payments with no fees or delays
Transfers money locally and globally in 60+ currencies to 200+ countries. 93% of payments arrive the same day.
Corporate Cards
One corporate card. Total spend control and visibility
Issue cards for business needs, track instantly
Issue company cards for shared expenses like software subscriptions, and individual employee cards for travel and day-to-day expenses.
Custom spend controls for every card
Set custom limits on every card to keep your team on budget and prevent overspending.
Save on foreign transaction fees
Pay zero fees on Canada and international purchases by spending directly from your multi-currency balances.
Integrations with your 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
"Not only does Airwallex save the team time, it also saves us money - it’s a win-win.”
Read McLaren Racing's story
"I’ve worked with all the fintechs and traditional banks in Canada, and Airwallex is the best.”
Read Ryse's story
“You can tell Airwallex was designed with the customer in mind – the UX is intuitive, and the user flow just makes sense."
Read Flightpath’s story
Frequently asked questions about business accounts
Can you open up a business account online?
Yes, many banks and financial institutions like Airwallex make it possible to apply for and open a business bank account online without visiting a physical bank branch. Some traditional banks may require you to finish your business bank account application at a physical branch like signing final documents, but this requirement is increasingly rare.
What are the requirements for opening a business account?
There are a number of requirements for a business account, including a 9-digit Business Number (BN) (or Social Insurance Number if you’re a sole proprietor), proof of business formation like Articles of Incorporation or a Master Business License, as well as a government-issued photo ID.
How quickly can you open an Airwallex business account?
Typically, you can open an Airwallex business account in 1-3 business days, depending on factors like what your business does and when you apply for an account. It takes about 15 minutes to complete an Airwallex business account application and your account can be approved as quickly as the same day.
How much does it cost to open an Airwallex Business Account?
You can open a Business Account for free by visiting https://www.airwallex.com/ca/signup and enrolling in the Explore plan, which includes multi-currency accounts and local transfers. For advanced features like purchase orders and multi-conditional approvals, the Grow plan is available for $99 CAD per month.
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.
How quickly can you open a business bank account?
You can open a business bank account within minutes, hours, or multiple business days, depending on the bank you choose and the complexity of your application. Some banks offer instant online account opening, while others may require an in-person branch visit to complete your application. Typically, you can open an Airwallex business account in 1-3 business days with the account application taking about 15 minutes.
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 (Canada) International Payments Limited is registered as a Money Services Business (MSB Registration No. M19395067) with FINTRAC. For more information on how we keep your funds safe, click here.
