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.

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Hassle-free currency accounts with local bank details

Skip the queues and excessive paperwork usually involved in setting up local currency accounts around the world. Open your Airwallex Global Account online in minutes and collect payments from global customers in their preferred currency. Spend your 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 held 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. They make it easy for you to receive funds domestically and internationally into your Airwallex account from multiple countries and regions. Get everything you need to manage money globally, without the hassle of a traditional bank.

Australia
Canada
Denmark
Europe (SEPA)
Hong Kong SAR
Indonesia
Japan
New Zealand
Poland
Singapore
United Kingdom
United States

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
Australia

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
Airwallex Testimony

“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

Airwallex Testimony

“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 Testimony

“Businesses have systems to manage their inventory, we see Airwallex as the system to manage their money. Airwallex is now part of our strategy to optimise our clients’ global purchasing and payments. It is something that any modern agency will naturally be recommending as part of the usual technology stack.”

Nigel Poole

Director, Matter Design & Digital

Airwallex Testimony

“We couldn’t just look at the cost of the product, but also the cost of selling that product. We needed to factor in things like digital marketing spend, merchant fees and currency conversion fees on each sale. With Airwallex, we’ve saved over $12,000 each month that I re-invest into the business for the long-run.”

Hayley Worley

Founder, The Sheet Society

Airwallex Testimony

"Airwallex solves the problem of creating currency accounts almost instantly. I can click one button to create a UK account. We haven’t looked back since day one."

Peter Park

Business Improvement Manager, Deliciou

Airwallex Testimony

“Airwallex is what the new face of managing finances should really look like. First thing I did when I walked into Mr Yum was move all our subscriptions off a big 4 debit card and onto Airwallex. I reckon it saved us close to $50,000 this year in our FX fees.”

Corey Payne

Financial Controller, Mr Yum

Airwallex Testimony

“Airwallex has allowed us to get things done at ten times the speed it used to happen. It means we could spend more time on our brand, our website and the customer experience. That’s what helped us to grow so much in a short span of time. These solutions just didn’t exist a few years ago.”

Andrew Ford and Rosa-Clare Willis

Co-founders, Crockd

Airwallex Testimony

"Airwallex has made it so simple for us to move and use money anywhere. Our practice manager, virtual CFOs and bookkeepers has now saved so much time since they can all jump on the platform, with transactions syncing directly into Xero. We're also saving a ton of money on FX so we can do away with the other accounts we used to save on FX."

Harry Sanders

Founder, StudioHawk

Airwallex Testimony

“Coconut Bowls very quickly attracted global attention and we began making sales in USD, GBP and Euro. Before Airwallex, we were making unnecessarily expensive conversions. Our margins have easily increased by 3% simply by switching to Airwallex.”

Jake McKeon

Founder, Coconut Bowls

Airwallex Testimony

“Like many high growth businesses, you’re dealing with multiple currencies. Now, with Airwallex we’re using the one platform to make multiple currency payments.”

Hai Trang

Virtual CFO, Orbitkey

Airwallex Testimony

“The most important part for business expanding internationally comes down to localisation. People don’t want to buy out of an Australian warehouse, they want to be buying from a local warehouse. They don’t want to be paying to an unfamiliar bank account with high fees, they want to be paying like a local.”

Rex Kuo

Co-Founder, Orbitkey

Airwallex Testimony

“Airwallex is so easy to use. It’s allowed my team to self-serve which suits our growing business and teams. Whether it’s getting payment approvals, or giving a virtual card for a new employee – it gives us the visibility and control we need.”

Tristan Cheal

Financial Controller, Clipchamp

Global Accounts

Manage Global Accounts at scale with our Core API

Businesses rely on our API to handle their most complex requirements. Programmatically create Global Accounts, authorise 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 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 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, and GBP Global Accounts located respectively in the United States, Australia, and the United Kingdom. You can provide your Global Account details to pay both one-time and recurring bills such as taxes or utilities. Learn more.

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