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
"Airwallex’s Klarna plugin completely solved our problems. From initial setup to deployment, the process took less than a week, perfectly aligning the speed that eCommerce requires."
Benjamin
Founder of Grams(28)
"Airwallex helped us streamline the entire process, enabling us to keep track of our finances in a glance, without having to connect to another account to see our customer payments."
Kelvin Ko
Managing Director, Travel Expert
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 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.
How does an Airwallex multi-currency business account work?
An Airwallex multi-currency business account works by giving you local account details in multiple markets so you can receive, hold, convert and pay out in different currencies from a single global business account. Once approved, you can open Global Accounts in supported regions, get paid like a local, hold funds in foreign currencies and send transfers using competitive FX rates.