Global Accounts
Open domestic and foreign currency accounts in minutes
Receive payments from customers in their preferred currency and say goodbye to costly conversion and transaction fees.
Hassle-free Global Accounts with local bank details
Skip the queues and tedious paperwork usually involved in setting up local currency accounts around the world. Open a multi-currency business account online and collect international payments from global customers in their preferred currency. Spend proceeds later in the same currency, eliminating unnecessary conversion fees.
Save on unnecessary bank charges
There are no account opening fees, monthly maintenance charges, or minimum transaction requirements.
Streamline your global cash management
Convert balances to different currencies in just a few clicks and review your global transactions in a single view.
Know your funds are safe and secure
Relax knowing that your money is secure and protected with end-to-end encryption and bank-level security.
Avoid costly conversion fees
Eliminate unnecessary conversion fees by receiving payments in the same currencies that your customers pay in.
Get started with Global Accounts
Global Accounts function as local currency accounts in your name that come with local bank and branch codes and dedicated account numbers. You can set up Global Accounts in the majority of countries below regardless of where your business is located. They make it easy for you to receive funds domestically and internationally into your Airwallex account in multiple currencies. Get everything you need to manage money globally, without the hassle of a traditional bank.
AUD Global Account
This is an example of an AUD currency account we provide in Australia.
Account Capabilities
- Create accounts instantly
- Create accounts in the name of your business
- Payout via Direct Debit
- No transaction limits
Deposit Methods
Domestic Bank Transfers
- 0-1 day
AUD Global Account
This is an example of an AUD currency account we provide in Australia.
Account Capabilities
- Create accounts instantly
- Create accounts in the name of your business
- Payout via Direct Debit
- No transaction limits
Deposit Methods
Domestic Bank Transfers
- 0-1 day
“We issue Airwallex's virtual, multi-currency visa cards online for our employees to empower purchase decisions and streamline operations, saving everyone's time on when really matters. Through Airwallex's FinTech platform and market-beating FX rates, we are able to save 3–5% on all foreign currency payments. I would recommend any startups in the region to start using Airwallex.”
Gabriel Kung
Chief Commercial Officer, Bowtie
“Typically, traditional banks take up to 2-3 days to process a transaction. With Airwallex, we can make same-day transfers around the clock and pay our employees all over the world easily.”
Dominic Law
CEO, World of Neopets
"Each transaction takes only minutes to half an hour to be settled. I will definitely recommend Airwallex, especially with the efficiency and ease of use. Basically, you can complete your application within just a few clicks."
Moon Yiu
Founder & CEO, DigitSense
API Solutions
Manage Global Accounts at scale with our Platform API
Businesses rely on our API to handle their most complex requirements. Programmatically create Global Accounts, authorize Direct Debit deductions for one-time or recurring purchases, generate account statements, and more.
FX & Transfers
End-to-end global money management
When a payment gets sent to one of your Global Accounts, those funds are instantly visible to you in your Airwallex account. 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 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 local currency accounts help me save on transaction fees?
Local currency accounts 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.
Can I make Direct Debit payments from my Global Account?
Direct Debit payouts are now supported for USD, AUD, GBP, CAD Global Accounts located respectively in the United States, Australia, United Kingdom, and Canada. You can provide your Global Account details to pay both one-time and recurring bills such as taxes or utilities. Learn more.